Community & Southern Bank Foundation Inc in Atlanta, Georgia (GA)
Table of contents:
| Community & Southern Bank Foundation Inc | |
| Employer Identification Number (EIN) | 454468224 |
| Name of Organization | Community & Southern Bank Foundation Inc |
| In Care of Name | Michelle Banks |
| Address | 3333 Rvrwood Pkwy Se Ste 350, Atlanta, GA 30339-3304 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $59,111 |
| Amount of Income | $36,958 |
| Form 990 Revenue Amount | $36,958 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $36,958 (it was $176,096 in 2012)
| Community & Southern Bank Foundation Inc: | $36,958 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $59,111 (it was $60,903 in 2012)
| This organization: | $59,111 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $39,250
| This organization: | $39,250 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 0.9
| Community & Southern Bank Foundation Inc: | 0.9 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 98.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $176,096 | $36,958 |
| Contributions, gifts, grants, and similar amounts received | $176,096 | $36,958 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $120,193 | $39,250 |
| Total net assets | $55,903 | $53,611 |
| Excess/Deficit for the year | $55,903 | $-2,292 |
| Net assets or fund balances at beginning of year | $0 | $55,903 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $55,903 | $53,611 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $60,903 | $59,111 |
| Total liabilities | $5,000 | $5,500 |
| Net assets or fund balances | $55,903 | $53,611 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $213,054 |
| Subtotal Support | $213,054 |
| Gifts, grants, contributions, and membership fees received | $213,054 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $213,054 |
| Public Support | $213,054 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Masters Tournament Foundation Inc, Masters Tournament Foundation | PO BOX 2444, Augusta, GA 30903-2444 | GA | 2012-01 | $5,242,520 |
| 2 | Southern Company Charitable Foundation Inc | 241 Ralph Mcgill Blvd Ne No 10131, Atlanta, GA 30308-3374 | GA | 2000-03 | $3,598,429 |
| 3 | The Ward Foundation, Ward John F Ttee | 100 Galleria Pkwy Se Ste 1540, Atlanta, GA 30339-5948 | GA | 2001-06 | $2,420,287 |
| 4 | Thalia N And Chris M Carlos Foundation Inc | 1 National Dr Sw, Atlanta, GA 30336-1631 | GA | 2012-03 | $2,368,805 |
| 5 | Morris Family Charitable Foundation Inc | 5 Cranes Nest Ct, Savannah, GA 31411-2127 | GA | 2011-08 | $868,246 |
| 6 | Terrell Family Foundation | 155 Plum Nelly Rd, Athens, GA 30606-4643 | GA | 2003-09 | $827,074 |
| 7 | William And Lisa Mcgahan Family Foundation Inc | 3190 Ridgewood Rd Nw, Atlanta, GA 30327-1936 | GA | 2012-01 | $745,455 |
| 8 | Thames Family Foundation Inc | 275 Scientific Dr Ste 2500, Norcross, GA 30092-3319 | GA | 1999-08 | $532,461 |
| 9 | Republic National Distributing Company Foundation Inc | 1 National Dr Sw, Atlanta, GA 30336-1631 | GA | 2013-01 | $425,000 |
| 10 | Anna Sue And Bob Shaw Foundation | 114 N Pentz St, Dalton, GA 30720-4224 | GA | 2013-05 | $200,000 |
| 11 | Tom And Edwina Johnson Family Foundation Inc | 3280 Rilman Rd Nw, Atlanta, GA 30327-1551 | GA | 2000-12 | $198,033 |
| 12 | Teel Family Foundation Trust 121498, Teel Gordon R & Sharon Teel Ttees | 3300 Cumberland Blvd Se Ste 300, Atlanta, GA 30339-3169 | GA | 1999-03 | $116,933 |
| 13 | Stoneypeak Foundation Inc | 3439 Knollwood Dr Nw, Atlanta, GA 30305-1019 | GA | 1999-08 | $116,925 |
| 14 | Associated Credit Union Foundation | 6251 Crooked Creek Road, Norcross, GA 30092 | GA | 2009-01 | $105,843 |
| 15 | T S Jackson Family Foundation | 1489 Bollingbrook Rd, Marietta, GA 30067 | GA | 2001-02 | $54,532 |
| 16 | Arylessence Foundation Inc | 1091 Lake Dr, Marietta, GA 30066-1073 | GA | 2012-04 | $52,850 |
| 17 | Community & Southern Bank Foundation Inc | 3333 Rvrwood Pkwy Se Ste 350, Atlanta, GA 30339-3304 | GA | 2013-01 | $36,958 |
| 18 | Unicorn International Inc | 133 Luckie Street, Atlanta, GA 30303-2038 | GA | 2002-02 | $28,739 |
| 19 | Valdosta City Schools Foundation Inc | 4065 Quail Run Circle, Valdosta, GA 31601 | GA | 2000-11 | $19,467 |
| 20 | Soul Charitable Foundation | 1413 Chattanooga Ave, Dalton, GA 30720-2631 | GA | 2011-01 | $16,409 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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