SOUTHERN BANK FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN BANK FOUNDATION (EIN 56-2002871)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202513219349106426
- Schema version
- 2024v5.1
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T15:25:54+00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2501 Blue Ridge Road Suite 500 | AddressLine1Txt |
| City | Raleigh | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562002871 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southern Bank Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 9196587000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 729 | AddressLine1Txt |
| City | Mount Olive | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 283650729 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David L Sauls | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 9196587000 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Cameron Gombatz | PreparerPersonNm |
| PTIN | P01942329 | PTIN |
| Phone | 9198764546 | PhoneNum |
| Preparation | 2025-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $19,199,784 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | $949,644 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $949,644 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $531,192 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,250,000 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $531,192 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $159 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,480,995 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,480,836 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $720 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $50 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $17,452 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $25,000 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $33 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $43,255 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,161,294 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,161,294 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,204,549 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,161,294 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $276,446 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,480,836 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $39,481 | CashBOYAmt |
| Cash EOY | $65,517 | CashEOYAmt |
| Cash EOYFMV | $65,517 | CashEOYFMVAmt |
| Acct Rcvbl | $505,493 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,847 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $505,493 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $505,493 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $8,232,523 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,600,704 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,853,840 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $7,568,793 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $7,125,377 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,774,934 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $15,850,644 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,297,091 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,199,784 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $275,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $445,000 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $275,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $445,000 | TotalLiabilitiesEOYAmt |
| Capital Stock BOY | $4,631,717 | CapitalStockBOYAmt |
| Capital Stock EOY | $4,631,717 | CapitalStockEOYAmt |
| Retained Earning BOY | $10,943,927 | RetainedEarningBOYAmt |
| Retained Earning EOY | $11,220,374 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,575,644 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,852,091 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,850,644 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $16,297,091 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,575,644 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $276,446 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $15,852,090 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $15,852,090 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Vanguard | P | 2024-12-31 | $1,650,000 | $1,187,836 | $462,164 | $0 | $462,164 |
| Merchants Bancorp | P | 2024-04-01 | $100,000 | $100,000 | $0 | $0 | $0 |
| BSB Capital Trust | P | 2024-12-31 | $500,000 | $430,972 | $69,028 | $0 | $69,028 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $531,192 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $20,584 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $20,584 | SubtotalAmt |
| Tax Based On Investment Income | $20,584 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $30,684 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $30,684 | TotalPaymentsAndCreditsAmt |
| Overpayment | $10,100 | OverpaymentAmt |
| Applied To ES Tax | $10,100 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| 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 |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| 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 |
| Individual With Books | John Gray | IndividualWithBooksNm |
| Phone | 9196587000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 729 | AddressLine1Txt |
| City | Mount Olive | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 283650729 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Hope H Bryant | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Director | 0 | $0 | $0 |
| John C Pegram Jr | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Director | 0 | $0 | $0 |
| Julian R Aycock | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Director | 0 | $0 | $0 |
| William H Bryan | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Director | 0 | $0 | $0 |
| David L Sauls Jr | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Treasurer | 0 | $0 | $0 |
| Drew M Covert | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | President & Director | 0 | $0 | $0 |
| Hope M Fields | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Secretary | 0 | $0 | $0 |
| John H Gray | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Assistant Treasurer | 0 | $0 | $0 |
| Lisa R Sanderson | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Assistant Secretary | 0 | $0 | $0 |
| Stacey D Herring | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Assistant Treasurer | 0 | $0 | $0 |
| Samuel A Clark | |||||||
| PO Box 729 | Mt Olive | NC | 283650729 | Assistant Treasurer | 0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,493,467 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $62,941 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $505,493 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $19,061,901 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $19,061,901 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $285,929 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,775,972 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $938,799 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $938,799 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $20,584 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $20,584 | TotalTaxAmt |
| Distributable Before Adj | $918,215 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $918,215 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $918,215 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,161,294 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,161,294 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $918,215 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $15,212 | UndistributedIncomePYAmt |
| Prior Year3 | 2020 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,161,294 | QualifyingDistributionsAmt |
| Applied To Year1 | $15,212 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $918,215 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $227,867 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $227,867 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $227,867 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $227,867 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Hope M Fields | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 729 | AddressLine1Txt |
| City | Mount Olive | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28365 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9196587000 | RecipientPhoneNum |
| Form And Info And Materials | Southern Bank Foundation Request for Grant | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | None | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (101 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| ALL THE KING'S CHILDREN FOUNDATION | |||||||
| 204 NE CENTER ST | MOUNT OLIVE | NC | 28365 | PC | Public Benefit | $1,000 | |
| HOPE HOUSE FOUNDATION INC | |||||||
| 801 BOUSH ST 302 | NORFOLK | VA | 23510 | PC | Public Benefit | $7,000 | |
| UNITY ORGANIZATION INC | |||||||
| 237 FRANKLIN ST | MOUNT OLIVE | NC | 28365 | PC | Public Benefit | $1,000 | |
| VIRGINIA MUSEUM OF CONTEMPORARY ARTS | |||||||
| 2200 Parks Ave | VIRGINIA BEACH | VA | 23451 | PC | Public Benefit | $15,000 | |
| WAYNE COUNTY 4 H | |||||||
| 3114 WAYNE MEMORIAL DRIVE | GOLDSBORO | NC | 27534 | PC | Public Benefit | $2,500 | |
| NORTH CAROLINA PICKLE FESTIVAL | |||||||
| 123 N Center St | MOUNT OLIVE | NC | 28365 | PC | Public Benefit | $5,000 | |
| FREE WILL BAPTIST CHILDREN'S HOME INC | |||||||
| 7907 BUCK DEANS ROAD | MIDDLESEX | NC | 27557 | PC | Public Benefit | $5,000 | |
| HAMPTON ROADS COUNCIL OF VETERANS ORG | |||||||
| PO BOX 55366 | VIRGINIA BEACH | VA | 23471 | PC | Public Benefit | $3,000 | |
| HONORBRIDGE | |||||||
| 909 East Arlington Boulevard | Greenville | NC | 27858 | PC | Public Benefit | $5,000 | |
| JUNIOR ACHIEVEMENT OF EASTERN NORTH CAROLINA | |||||||
| 4904 WATERS EDGE DR STE 155 | RALEIGH | NC | 27606 | PC | Public Benefit | $10,000 | |
| KRIQUETTE'S KIDZ | |||||||
| 2341 Davis Mill Rd | Fremont | NC | 27830 | PC | Public Benefit | $2,500 | |
| COASTAL CHRISTIAN HIGH SCHOOL | |||||||
| 1150 THE KINGS HIGHWAY | WILMINGTON | NC | 28409 | PC | Public Benefit | $5,000 | |
| EMERGE GALLERY & ART CENTER | |||||||
| 404 Evans St | Greenville | NC | 27858 | PC | Public Benefit | $1,000 | |
| NATIONAL FIRE SAFETY COUNCIL | |||||||
| po box 378 | michigan center | MI | 492540378 | PC | Public Benefit | $300 | |
| NC FREEDOM FEST | |||||||
| Po box 562 | GOLDSBORO | NC | 27533 | PC | Public Benefit | $2,500 | |
| UNITED WAY OF WILSON COUNTY INC | |||||||
| 509 NASH ST N | WILSON | NC | 27893 | PC | Public Benefit | $5,000 | |
| VA BEACH CITY PUBLIC SCHOOLS EDUCATION FOUNDATION | |||||||
| 2512 GEORGE MASON DR | VIRGINIA BEACH | VA | 23456 | PC | Public Benefit | $5,000 | |
| YMCA OF THE TRIANGLE AREA | |||||||
| 801 Corporate Center Drive Ste 200 | RALEIGH | NC | 27607 | PC | Public Benefit | $10,000 | |
| ALSACST JUDE CHILDRENS RESEARCH HOSPITAL | |||||||
| 262 DANNY THOMAS PLACE | MEMPHIS | TN | 38105 | PC | Public Benefit | $7,500 | |
| CALE COMMUNITY FOUNDATION | |||||||
| 377 Camp Cale Rd | Hertford | NC | 27944 | PC | Public Benefit | $10,000 | |
| FELLOWSHIP OF CHRISTIAN ATHLETES | |||||||
| 4600 MARRIOTT DR 120 | RALEIGH | NC | 27612 | PC | Public Benefit | $4,000 | |
| HOSPICE HOUSE OF HAMPTON ROADS | |||||||
| po box 683 | VIRGINIA BEACH | VA | 23451 | PC | Public Benefit | $25,000 | |
| NC AQUARIUM SOCIETY INC | |||||||
| 3125 POPLARWOOD CT SUITE 160 | RALEIGH | NC | 27604 | PC | Public Benefit | $125,000 | |
| UNITED WAY OF WAYNE COUNTY | |||||||
| 301 E ASH ST 310 | GOLDSBORO | NC | 27530 | PC | Public Benefit | $5,000 | |
| WILSON FORWARD | |||||||
| PO BOX 1764 | WILSON | NC | 27894 | PC | Public Benefit | $2,000 | |
| ARTS COUNCIL OF WILSON | |||||||
| 124 NASH ST NE | WILSON | NC | 27893 | PC | Public Benefit | $5,000 | |
| BOYS & GIRLS CLUB OF THE ALBEMARLE | |||||||
| 108 E Ward St | ELIZABETH CITY | NC | 27909 | PC | Public Benefit | $5,000 | |
| MOUNT OLIVE AREA HISTORICAL SOCIETY | |||||||
| 137 E MAIN ST | MOUNT OLIVE | NC | 28365 | PC | Public Benefit | $5,000 | |
| NC LIONS VIP FISHING TOURNAMENT | |||||||
| 7050 CAMP DOGWOOD DRIVE | SHERRILS FORD | NC | 28673 | PC | Public Benefit | $5,000 | |
| TAR RIVER CHORAL CHESTRAL SOC | |||||||
| PO BOX 8255 | ROCKY MOUNT | NC | 27804 | PC | Public Benefit | $5,000 | |
| BUSINESS CONSORTIUM FOR ARTS SUPPORT | |||||||
| 101 WEST MAIN STREET STE 4500 | NORFOLK | VA | 23510 | PC | Public Benefit | $7,000 | |
| CAHEC FOUNDATION | |||||||
| 7700 FALLS OF NEUSE RD 200 | RALEIGH | NC | 27615 | PC | Public Benefit | $3,000 | |
| CAROLINAS GATEWAY PARTNERSHIP | |||||||
| 427 FALLS ROAD | ROCKY MOUNT | NC | 278044808 | PC | Public Benefit | $20,000 | |
| OUTER BANKS HOSPTIAL DEVELOPMENT COUNCIL | |||||||
| 4800 S CROATAN HIGHWAY | NAGS HEAD | NC | 27959 | PC | Public Benefit | $50,000 | |
| THE SOUTHEASTERN PARTNERSHIP II INC | |||||||
| 707 WEST BROAD ST PO BOX 2556 | ELIZABETHTOWN | NC | 28337 | PC | Public Benefit | $5,000 | |
| NC STOP HUMAN TRAFFICKING INC | |||||||
| PO BOX 959 | FARMVILLE | NC | 27828 | PC | Public Benefit | $2,500 | |
| CHESAPEAKE GENERAL HEALTHCARE FOUNDATION | |||||||
| 113 GAINSBOROUGH SQUARE SUITE 203 | CHESAPEAKE | VA | 23320 | PC | Public Benefit | $20,000 | |
| COMMUNITY CARE CLINIC OF DARE | |||||||
| 425 HEALTH CENTER DRIVE | NAGS HEAD | NC | 27959 | PC | Public Benefit | $5,000 | |
| PITT COMMUNITY COLLEGE FOUNDATION I | |||||||
| PO BOX 7007 | MERRY HILL | NC | 27957 | PC | Public Benefit | $25,000 | |
| PITT COUNTY COMMITTEE OF 100 | |||||||
| PO BOX 1714 | GREENVILLE | NC | 27835 | PC | Public Benefit | $20,000 | |
| THE ELIZABETHAN GARDENS INC | |||||||
| 1411 NATIONAL PARK DR | MANTEO | NC | 27954 | PC | Public Benefit | $8,000 | |
| THE OUTLAW FOUNDATION | |||||||
| PO BOX 189 | NEWTON GROVE | NC | 28366 | PC | Public Benefit | $2,500 | |
| THE PARAMOUNT THEATRE FOUNDATION | |||||||
| 139 S Center Street | Goldsboro | NC | 27530 | PC | Public Benefit | $3,000 | |
| VIRGINIA BANKERS ASSOCIATION EDUCATION FOUNDATION | |||||||
| 4490 COX ROAD | GLEN ALLEN | VA | 23060 | PC | Public Benefit | $3,500 | |
| WAYNE HEALTH FOUNDATION | |||||||
| PO BOX 8001 | GOLDSBORO | NC | 27533 | PC | Public Benefit | $10,000 | |
| BOY SCOUTS OF AMERICA - TUSCARORA COUNCIL | |||||||
| PO BOX 1436 | GOLDSBORO | NC | 27533 | PC | Public Benefit | $8,000 | |
| BEACH FOOD PANTRY INC | |||||||
| 4007 N Croatan Hwy | Kitty Hawk | NC | 27949 | PC | Public Benefit | $10,000 | |
| GOOD SHEPHERD FOOD PANTRY OF BERTIE CO | |||||||
| 1008 NORTH KING ST | WINDSOR | NC | 27983 | PC | Public Benefit | $1,000 | |
| KRAMDEN INSTITUTE | |||||||
| 4915 PROSPECTUS DR STE J | DURHAM | NC | 27713 | PC | Public Benefit | $19,000 | |
| NORTH CAROLINA SYMPHONY SOCIETY INC | |||||||
| 3700 GLENWOOD AVE STE 130 | RALEIGH | NC | 27612 | PC | Public Benefit | $7,500 | |
| FRANKIE LEMMON FOUNDATION INC | |||||||
| 3101 POPLARWOOD CT 100 | RALEIGH | NC | 27604 | PC | Public Benefit | $10,000 | |
| HOPE PREPARATORY SCHOOL | |||||||
| 13806 FL-33 | GROVELAND | FL | 34736 | PC | Public Benefit | $10,000 | |
| WILMINGTON AREA REBUILDING MINISTRY INC | |||||||
| 909 Market St | Wilmington | NC | 28401 | PC | Public Benefit | $25,000 | |
| UNIVERSITY OF MOUNT OLIVE (003689) | |||||||
| 634 HENDERSON ST | MOUNT OLIVE | NC | 28365 | PC | Public Benefit | $107,500 | |
| CAPE HENRY COLLEGIATE | |||||||
| 1320 Mill Dam Rd | Virginia Beach | VA | 23454 | PC | Public Benefit | $10,000 | |
| 3HC HOME HEALTH & HOSPICE CARE INC | |||||||
| 2402 Wayne Memorial Drive | GOLDSBORO | NC | 27534 | PC | Public Benefit | $1,000 | |
| AAPI OF HAMPTON ROADS | |||||||
| 1435 Crossways Blvd | Chesapeake | VA | 23320 | PC | Public Benefit | $21,500 | |
| DUPLIN COUNTY EDUCATION FOUNDATION | |||||||
| 315 N Main St PO Box 128 | Kenansville | NC | 28349 | PC | Public Benefit | $1,000 | |
| ELIZABETH CITY STATE UNIVERSITY FOUNDATION | |||||||
| 1704 Weeksville Road | Elizabeth City | NC | 27909 | PC | Public Benefit | $5,000 | |
| HABITAT FOR HUMANITY OF SOUTH HAMPTON ROADS | |||||||
| 900 Tidewater Drive | Norfolk | VA | 23504 | PC | Public Benefit | $10,000 | |
| NORTH CAROLINA WESLYAN UNIVERSITY | |||||||
| 3400 N Wesleyan Blvd | Rocky Mount | NC | 27804 | PC | Public Benefit | $25,000 | |
| ROANOKE CHOWAN COMMUNITY HEALTH CENTER INC | |||||||
| 305 Beachwood Blvd | Murfreesboro | NC | 27855 | PC | Public Benefit | $25,000 | |
| SYLVAN HEIGHTS WATERFOWL PARK AND ECO CENTER INC | |||||||
| PO Box 368 | Scotland Neck | NC | 27874 | PC | Public Benefit | $25,000 | |
| CHILDREN & YOUTH PARTNERSHIP FOR DARE CO | |||||||
| 534 Ananias Dare St | Manteo | NC | 27954 | PC | Public Benefit | $2,500 | |
| HABITAT FOR HUMANITY OF GOLDSBORO-WAYNE | |||||||
| 2719 Graves Dr Suite 3 | Goldsboro | NC | 27534 | PC | Public Benefit | $10,000 | |
| STAGESTRUCK | |||||||
| 121 W Chestnut St | Goldsboro | NC | 27530 | PC | Public Benefit | $2,500 | |
| WAYNE COUNTY DEVELOPMENT ALLIANCE INC | |||||||
| 719 E Ash St | Goldsboro | NC | 27532 | PC | Public Benefit | $12,000 | |
| BAPTIST CHILDRENS HOMES OF NC | |||||||
| PO Box 338 | Thomasville | NC | 27361 | PC | Public Benefit | $5,000 | |
| COVENANT HOMES INC | |||||||
| 135 Covenant Ct | Rocky Mount | NC | 27804 | PC | Public Benefit | $10,000 | |
| NASH HEALTH CARE FOUNDATION | |||||||
| 2460 Curtis Ellis Dr | Rocky Mount | NC | 27804 | PC | Public Benefit | $10,000 | |
| RW TOWNE FOUNDATION | |||||||
| 1435 Crossways Blvd | Chesapeake | VA | 23320 | PC | Public Benefit | $20,000 | |
| THE COMMUNITY ARTS COUNCIL OF GOLDSBORO NC INC | |||||||
| 139 W Walnut St | Goldsboro | NC | 27530 | PC | Public Benefit | $25,000 | |
| TOWN OF AYDEN | |||||||
| 4144 West Avenue | Ayden | NC | 28513 | PC | Public Benefit | $5,000 | |
| GO GLOBAL NC COUNCIL INC | |||||||
| PO Box 2162 | Wake Forest | NC | 27588 | PC | Public Benefit | $10,000 | |
| NORTH CAROLINA BLACK BEAR FESTIVAL INC | |||||||
| PO Box 706 | Plymouth | NC | 27962 | PC | Public Benefit | $3,000 | |
| THE COMMUNITY FOUNDATION OF NC EAST INC | |||||||
| PO Box 3985 | Greenville | NC | 27869 | PC | Public Benefit | $2,000 | |
| WARRIOR CLUB PTO | |||||||
| 1501 Haw Branch Road | Chocowinity | NC | 27817 | PC | Public Benefit | $5,000 | |
| BERTIE EDUCATIONAL FOUNDATION | |||||||
| 148 Avoca Farm Rd | Merry Hill | NC | 27957 | PC | Public Benefit | $25,000 | |
| BOY SCOUTS OF AMERICA-OCCONEECHEE COUNCIL | |||||||
| 3231 Atlantic Ave | Raleigh | NC | 27604 | PC | Public Benefit | $13,874 | |
| PUNGO CHRISTIAN ACADEMY INC | |||||||
| 983 W Main St | Belhaven | NC | 27810 | PC | Public Benefit | $6,720 | |
| WAYNE CO LIVESTOCK DEV ASSOC FOUND | |||||||
| PO Box 1100 | Goldsboro | NC | 27533 | PC | Public Benefit | $10,000 | |
| YMCA OF SOUTH HAMPTON ROADS | |||||||
| 920 Corporate Ln | Chesapeake | VA | 23320 | PC | Public Benefit | $2,500 | |
| BARTON COLLEGE (006943) | |||||||
| 400 Atlantic Christian College Dr N | Wilson | NC | 27893 | PC | Public Benefit | $50,000 | E |
| FOODBANK OF SOUTHEASTERN VIRGINIA | |||||||
| 800 Tidewater Dr | Norfolk | VA | 23504 | PC | Public Benefit | $5,000 | |
| GIRL SCOUTS NORTH CAROLINA COASTAL PINES INC | |||||||
| 6901 Pinecrest Road | Raleigh | NC | 27613 | PC | Public Benefit | $25,000 | |
| GREENVILLE MUSEUM OF ART INC | |||||||
| 802 Evans St | Greenville | NC | 27834 | PC | Public Benefit | $2,500 | |
| NC CENTER FOR POULTRY EDUCATION | |||||||
| 1208 High Level Rd | Pinetops | NC | 27864 | PC | Public Benefit | $10,000 | |
| BOYS & GIRLS CLUBS OF WAYNE COUNTY | |||||||
| 1401 Royall Ave | Goldsboro | NC | 27530 | PC | Public Benefit | $10,000 | |
| BEAUFORT COUNTY ARTS COUNCIL | |||||||
| 150 W Main St | Washington | NC | 27889 | PC | Public Benefit | $2,500 | |
| CHOANOKE AREA DEVELOPMENT ASSOCIATI | |||||||
| 120 Sessoms Dr | Rich Square | NC | 27869 | PC | Public Benefit | $10,000 | |
| COOPERS RURITAN FOUNDATION INC | |||||||
| 6084 NC-58 | Elm City | NC | 27822 | PC | Public Benefit | $5,000 | |
| BOY SCOUTS OF AMERICA - TIDEWATER COUNCIL | |||||||
| 1032 Heatherwood Dr | Virginia Beach | VA | 23455 | PC | Public Benefit | $10,000 | |
| NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION | |||||||
| 3601 Haworth Dr | Raleigh | NC | 27609 | PC | Public Benefit | $9,400 | |
| BREAKTHROUGH T1D | |||||||
| 200 Vesey Street 28th floor | New York | NY | 10281 | PC | Public Benefit | $4,500 | |
| TYRELL-WASHINGTON PARTNERSHIP FOR C | |||||||
| 125-B W Water Street | Plymouth | NC | 27692 | PC | Public Benefit | $1,000 | |
| WAYNE COUNTY PUBLIC LIBRARY (006449) | |||||||
| 1001 E Ash St | Goldsboro | NC | 27530 | PC | Public Benefit | $10,000 | |
| ALBEMARLE EDUCATION FOUNDATION INC | |||||||
| 1210 US Highway 17 S | Elizabeth City | NC | 27909 | PC | Public Benefit | $10,000 | |
| CAROLINA SMALL BUSINESS DEVELOPMENT FUND | |||||||
| 3128 Highwoods Blvd 170 | Raleigh | NC | 27604 | PC | Public Benefit | $5,000 | |
| PARTNERSHIP FOR AURORA-RICHLAND TOWNSHIP PROGRESS | |||||||
| PO Box 235 | Aurora | NC | 27806 | PC | Public Benefit | $3,000 | |
| TIDEWATER FRIENDS OF FOSTER CARE INC | |||||||
| 999 Waterside Dr 103 | Norfolk | VA | 23510 | PC | Public Benefit | $10,000 | |
| GREATER NEUSE FELLOWSHIP OF CHRISTIAN ATHLETES | |||||||
| 2822 Cashwell Dr Box 235 | Goldsboro | NC | 27534 | PC | Public Benefit | $3,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,161,294 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900001 | BusinessCd |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $949,644 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $531,192 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Debt-Financed Income | Desc |
| Unrelated Business Taxbl Incm | $159 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $159 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,480,836 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,480,995 | 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 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (37 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| American AgCredit ACA | $250,000 | $243,718 |
| Atlantic Union Bankshares Corporation | $598,538 | $610,211 |
| BANK OZK | $250,833 | $183,540 |
| Cadence Bank | $150,226 | $169,238 |
| Chesapeake Finl Shs Inc | $50,058 | $49,742 |
| ConnectOne Bancorp Inc | $75,000 | $68,910 |
| CORPORATE SECURITIES | $2,362,735 | $2,478,977 |
| Dime Community Bancshares Inc | $254,689 | $201,705 |
| Duke Energy Corp | $191,788 | $412,967 |
| Ellington Financial Inc | $200,000 | $184,960 |
| Enterprise Financial Services Corp | $187,506 | $111,680 |
| Enterprise Financial Services Corp | $111,060 | $148,013 |
| RLJ Lodging TR Inc (Felcor Lodging) | $28,102 | $36,840 |
| Fifth Third BNCP | $10,989 | $26,721 |
| First Horizon Bank | $175,000 | $148,500 |
| First Horizon Corporation | $149,428 | $183,520 |
| First Horizon Natl Corp (Iberia Bank Corp) | $100,042 | $94,945 |
| Heartland Financial USA Inc | $300,664 | $300,342 |
| ISHARES TR S&P US PFD | $50,080 | $40,243 |
| Keycorp | $150,195 | $183,352 |
| Merchants Bancorp | $0 | $0 |
| Met Life Inc Pfd Ser A | $24,980 | $25,300 |
| Midland States Bancorp Inc | $300,419 | $334,080 |
| Ocean First Financial Corp Inc | $150,000 | $151,380 |
| Pacwest Bancorp | $150,000 | $146,580 |
| Pebblebrook Hotel Trust | $50,392 | $43,868 |
| Pinnacle Financial Partners Inc Com | $353,547 | $371,228 |
| Regions Financial Corp | $250,318 | $264,275 |
| SOUTHERN CO COM | $40,115 | $70,384 |
| Synovus Finl Corp | $231,875 | $246,933 |
| Truist Finl Corp | $250,853 | $247,040 |
| US Bank Pref Ser B | $199,678 | $176,400 |
| WELLS FARGO & CO NEW PRFD CONV CL A | $300,850 | $268,720 |
| WesBanco Inc A | $200,450 | $199,700 |
| Texas Cap Bancshares Inc | $200,362 | $182,545 |
| Synchrony Financial | $150,406 | $150,173 |
| M&T Bk Corp | $99,526 | $97,110 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Blue Ridge Bankshares fka Bay Banks of Virginia, Inc. | FMV | $1,137,500 | $1,241,088 |
| Dime Community Bancshares Inc | FMV | $100,000 | $108,749 |
| F&M Financial Corporation | FMV | $100,000 | $99,750 |
| First Capital Bancshares Inc | FMV | $150,000 | $150,000 |
| First Carolina Financial Services Inc | FMV | $500,000 | $500,000 |
| Great Plains Bancshares Inc. | FMV | $100,000 | $100,000 |
| Hancock Whitney Corporation | FMV | $299,577 | $300,623 |
| JD Bancshares Inc | FMV | $100,000 | $100,000 |
| Midland States Bancorp, Inc. | FMV | $500,000 | $435,000 |
| New York Community Bancorp Inc | FMV | $100,000 | $95,000 |
| Old Point National Corp | FMV | $500,000 | $500,000 |
| PB FinanciaLCorporation | FMV | $350,000 | $350,000 |
| PB FinanciaLCorporation | FMV | $150,000 | $150,000 |
| United Bancorp, Inc. | FMV | $100,000 | $97,259 |
| Vanguard Fund | FMV | $2,738,300 | $5,347,465 |
| Village Bank & Trust Financial Corp | FMV | $200,000 | $200,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $720 | LegalFeesAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $275,000 | MortgageAmt |
Note Payable NotePayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $445,000 | BalanceDueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Expense | Desc |
| Revenue And Expenses Per Books | $33 | RevenueAndExpensesPerBooksAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Debt-Financed Income | Desc |
| Revenue And Expenses Per Books | $159 | RevenueAndExpensesPerBooksAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest Payable | Desc |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Professional Fees | CategoryTxt |
| Amt | $50 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal Income Tax Expense | CategoryTxt |
| Amt | $25,000 | Amt |
Comments