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Filing year 2024

SMARTBANK FOUNDATION

Chattanooga, Tennessee·EIN 20-8115548·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$14k
Total assets
$198k
Total expenses
$40k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. SMARTBANK FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Treasurer
Secretary

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$36k

Itemized grants

4

Median grant

$8k

RecipientLocationPurposeAmount
SABAN CENTERTUSCALOOSA, AL$100,000 CONTRIBUTION OVER 5 YEARS (BEGINNING 2023) TO THE SABAN CENTER WHOSE MISSION IS TO PROVIDE AN ENVIRONMENT THAT ENCOURAGES LEARNING, CREATIVITY, AND TEAMWORK. THE SABAN CENTER IS A STEAM CAMPUS WHERE EDUCATION, EXPERIENCE, AND INNOVATION MEET. SABAN CENTER WILL BE AN INNOVATIVE HUB FOR EDUCATION TRAINING, ARTS PARTICIPATION AND ACADEMIC SUPPORT FOR TEACHERS AND FAMILIES ALIKE FOR LOCAL AND REGIONAL SCHOOL DISTRICTS TO INSPIRE CHILDREN TO ENTER A VARIETY OF STEAM-RELATED FIELDS. 2023 CONTRIBUTION: $20,000$20k
MOUNTAIN WAYSGATLINBURG, TNMAKING A $10,000 CONTRIBUTION TO MOUNTAIN WAYS TO SUPPORT VICTIMS OF HURRICANE HELENE IN EAST TENNESSEE, WESTERN NORTH CAROLINA, AND THE GREATER APPALACHIAN REGION. MOUNTAIN WAYS IS A REGISTERED 501(C)(3) NONPROFIT DEDICATED TO BRINGING THE HOSPITALITY AND VALUES OF THE APPALACHIAN REGION TO THOSE FACING NATURAL DISASTERS AND TRAGEDIES.$10k
SEVIER COUNTY PARTNERS IN PROGRESS EDUCATION FOUNDATIONSEVIERVILLE, TNDONATION TO PURCHASE A TABLE AT THE PARTNERS IN PROGRESS MAYOR'S LUNCHEON ON NOVEMBER 13, 2024, BENEFITING THE SEVIER COUNTY PARTNERS IN PROGRESS EDUCATION FOUNDATION. THE FOUNDATION AWARDS SCHOLARSHIPS FOR STUDENTS TO TAKE DUAL ENROLLMENT CLASSES AT WALTERS STATE COMMUNITY COLLEGE WHILE ATTENDING ONE OF THE SEVIER COUNTY HIGH SCHOOLS. ONCE THEY HAVE GRADUATED AND HAVE SUCCESSFULLY COMPLETED 60 HOURS AS WSCC, THEY ARE ELIGIBLE TO RECEIVE UP TO $3,000 PER SEMESTER FOR 4 SEMESTERS TO ENABLE THEM TO OBTAIN A 4-YEAR DEGREE FROM ETSU IN SEVIERVILLE.$5k
SHEPARDS ARMS RESCUE MISSIONCHATTANOOGA, TNMAKING A $1,000 CONTRIBUTION TO THE SHEPARDS ARMS RESCUE MISSION FOR BENEVOLENCE FOR JACQUIESHA DAVIS. MRS. DAVIS IS A SMARTBANK ASSOCIATE, AND HER HOME WAS SEVERELY DAMAGED BY FIRE.$1k
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Financial trend

Revenue and expenses over time

SMARTBANK FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$15k
$53k
2023
$14k
$40k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Tennessee

SMARTBANK FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Tennessee earns a median of $35,455.

25th percentile
$11k
Median
$35,455
75th percentile
$87k
90th percentile
$212k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 340 organizations across 340 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Tennessee
FAQ

Common questions about SMARTBANK FOUNDATION

What are SMARTBANK FOUNDATION's revenue and expenses?

In 2024, SMARTBANK FOUNDATION reported $14k in total revenue and $40k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.