CULLMAN SAVINGS BANK FOUNDATION: Form 990PF, tax year 2020

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Organization: CULLMAN SAVINGS BANK FOUNDATION (EIN 27-0667288)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-05-13
IRS object ID: 202121339349103152
Schema version: 2020v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Investments Corp Stock Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-05-13T16:39:09-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	262703960	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR VISE BROWN & KING LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 OLDE TOWNE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35216	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	270667288	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CULLMAN SAVINGS BANK FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CULL	BusinessNameControlTxt
Phone	2567341740	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	316 SECOND AVENUE SW	AddressLine1Txt
City	CULLMAN	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35055	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN A RILEY III	PersonNm
Person Title	BOARD OF DIR	PersonTitleTxt
Phone	2567341740	PhoneNum
Signature	2021-05-12	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOHN A	PersonFirstNm
Person Last	RILEY III	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	M BRYANT KING CPA	PreparerPersonNm
PTIN	P00894098	PTIN
Phone	2058223488	PhoneNum
Preparation	2021-05-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,698,640	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$80,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$6,012	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$6,012	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$6,012	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$17,589	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$17,589	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$17,589	DividendsAdjNetIncmAmt
Total Rev And Expnss	$103,601	TotalRevAndExpnssAmt
Total Net Invst Incm	$23,601	TotalNetInvstIncmAmt
Total Adj Net Incm	$23,601	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$2,250	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$876	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$3,126	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$94,510	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$94,510	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$97,636	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$94,510	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$5,965	ExcessRevenueOverExpensesAmt
Net Investment Income	$23,601	NetInvestmentIncomeAmt
Adjusted Net Income	$23,601	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$561,937	CashBOYAmt
Cash EOY	$567,902	CashEOYAmt
Cash EOYFMV	$567,902	CashEOYFMVAmt
Corporate Stock BOY	$502,550	CorporateStockBOYAmt
Corporate Stock EOY	$502,550	CorporateStockEOYAmt
Corporate Stock EOYFMV	$1,130,738	CorporateStockEOYFMVAmt
Total Assets BOY	$1,064,487	TotalAssetsBOYAmt
Total Assets EOY	$1,070,452	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,698,640	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$1,064,487	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$1,070,452	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,064,487	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,070,452	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,064,487	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,070,452	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,064,487	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$5,965	ExcessRevenueOverExpensesAmt
Subtotal	$1,070,452	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,070,452	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$328	InvestmentIncomeExciseTaxAmt
Subtotal	$328	SubtotalAmt
Tax Based On Investment Income	$328	TaxBasedOnInvestmentIncomeAmt
Tax Due	$328	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	JOHN A RILEY III	IndividualWithBooksNm
Phone	2567341740	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	226 COUNTY ROAD 1415	AddressLine1Txt
City	CULLMAN	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35057	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	Yes (true)	UndistributedIncomePYInd
Undistributed Income PY1	2017	UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not App	Yes (true)	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN A RILEY III
226 COUNTY ROAD 1415	CULLMAN	AL	35057	BOARD OF DIR	5.00	$0	$0	$0
NANCY MCCLLELAN
806 6TH AVENUE SE	CULLMAN	AL	35055	BOARD OF DIR	5.00	$0	$0	$0
GREG BARKSDALE
1679 COUNTY ROAD 599	HANCEVILLE	AL	35077	BOARD OF DIR	5.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,335,623	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$619,610	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,955,233	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,955,233	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$29,328	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,925,905	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$96,295	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$96,295	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$328	TaxBasedOnInvestmentIncomeAmt
Total Tax	$328	TotalTaxAmt
Distributable Before Adj	$95,967	DistributableBeforeAdjAmt
Distributable Before Ded	$95,967	DistributableBeforeDedAmt
Distributable As Adjusted	$95,967	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$94,510	ExpensesAndContributionsAmt
Qualifying Distributions	$94,510	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$94,510	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$95,967	DistributableAsAdjustedAmt
Undistributed Income PY	$90,439	UndistributedIncomePYAmt
Prior Year1	2014	PriorYear1Yr
Total For Prior Years	$23,058	TotalForPriorYearsAmt
Qualifying Distributions	$94,510	QualifyingDistributionsAmt
Applied To Year1	$90,439	AppliedToYear1Amt
Applied To Current Year	$4,071	AppliedToCurrentYearAmt
Prior Year Undistributed Incm	$23,058	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$23,058	PriorYearDeficiencyOrTaxAmt
Undistributed Income CY	$91,896	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Recipient RelationshipRecipientRelationshipTxt
CHILD ADVOCACY CENTER OF CULLMAN
PO BOX 1252	CULLMAN	AL	35056	ASSIST ABUSED CHILDREN	$1,000
CULLMAN COUNTY BOE
402 ARNOLD ST NE	CULLMAN	AL	35055	COMMUNITY SCHOOL IMPROVEMENTS	$10,000
HOPE HORSES INC
1301 CONVENT RD NE	CULLMAN	AL	35055	ASSISTANCE FOR DISABLED CHILDREN	$15,000
HOSPICE OF CULLMAN COUNTY
PO BOX 1108	CULLMAN	AL	350561108	ASSISTANCE TERMINALLY ILL	$3,000
NORTH ALABAMA AGRIPLEX HERITAGE CEN
PO BOX 2428	CULLMAN	AL	35056	PAYMENT FOR COMMUNITY GARDENING	$1,210
O'NEAL COMPREHENSIVE CANCER CENTER
1720 2ND AVENUE SOUTH	BIRMINGHAM	AL	352943300	PAYMENT FOR CANCER RESEARCH	$1,000
SACRED HEART CHURCH
205 3RD AVENUE SE	CULLMAN	AL	35055	PAYMENT FOR SCHOLARSHIP FUND	$3,000
WALLACE STATE COMMUNITY COLLEGE
801 MAIN ST NW	HANCEVILLE	AL	35077	PAYMENT FOR ASSISTANCE TO MUSEUM	$2,500
WALLACE STATE FUTURE FOUNDATION
PO BOX 568	HANCEVILLE	AL	35077	PAYMENT FOR SCHOLARSHIP FOR STUDENTS	$55,000
IVORY PURIFOY
401 COLLEGE DR NE	HANCEVILLE	AL	35077	PAYMENT TO ASSIST INDIGENT FAMILY	$2,800	NONE

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$94,510	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$6,012	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$17,589	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$6,012	ExclusionAmt
Related Or Exempt Function Incm	$17,589	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$23,601	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CULLMAN SAVINGS BANK MHC	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	316 SECOND AVENUE SW	AddressLine1Txt
City	CULLMAN	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35055	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$80,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$2,250	Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CULLMAN BANCORP INC.	StockNm
EOY Book Value	$502,550	EOYBookValueAmt
EOYFMV	$1,130,738	EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
FEDERAL TAXES	$461
FRANCHISE FEE	$415

CULLMAN SAVINGS BANK FOUNDATION: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor Business Name ContributorBusinessName

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

Comments