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Filing year 2024

Southern Bank Foundation

Mount Olive, North Carolina·EIN 56-2002871·NTEE T22Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.5M
Total assets
$16.3M
Total expenses
$1.2M
Reported officers
11

Reported officers (all unpaid)

No paid executives reported in 2024. Southern Bank Foundation reported 11 unpaid officers and board members on its 990-PF.

Treasurer
President & Director
Secretary
Assistant Treasurer
Assistant Secretary
Assistant Treasurer
Assistant Treasurer
Director
Director
Director
Director

Grants paid

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

Total granted

$1.2M

Itemized grants

101

Median grant

$7k

RecipientLocationPurposeAmount
NC AQUARIUM SOCIETY INCRALEIGH, NCPublic Benefit$125k
UNIVERSITY OF MOUNT OLIVE (003689)MOUNT OLIVE, NCPublic Benefit$108k
OUTER BANKS HOSPTIAL DEVELOPMENT COUNCILNAGS HEAD, NCPublic Benefit$50k
BARTON COLLEGE (006943)Wilson, NCPublic Benefit$50k
HOSPICE HOUSE OF HAMPTON ROADSVIRGINIA BEACH, VAPublic Benefit$25k
PITT COMMUNITY COLLEGE FOUNDATION IMERRY HILL, NCPublic Benefit$25k
WILMINGTON AREA REBUILDING MINISTRY INCWilmington, NCPublic Benefit$25k
NORTH CAROLINA WESLYAN UNIVERSITYRocky Mount, NCPublic Benefit$25k
ROANOKE CHOWAN COMMUNITY HEALTH CENTER INCMurfreesboro, NCPublic Benefit$25k
SYLVAN HEIGHTS WATERFOWL PARK AND ECO CENTER INCScotland Neck, NCPublic Benefit$25k
THE COMMUNITY ARTS COUNCIL OF GOLDSBORO NC INCGoldsboro, NCPublic Benefit$25k
BERTIE EDUCATIONAL FOUNDATIONMerry Hill, NCPublic Benefit$25k
GIRL SCOUTS NORTH CAROLINA COASTAL PINES INCRaleigh, NCPublic Benefit$25k
AAPI OF HAMPTON ROADSChesapeake, VAPublic Benefit$22k
CAROLINAS GATEWAY PARTNERSHIPROCKY MOUNT, NCPublic Benefit$20k
CHESAPEAKE GENERAL HEALTHCARE FOUNDATIONCHESAPEAKE, VAPublic Benefit$20k
PITT COUNTY COMMITTEE OF 100GREENVILLE, NCPublic Benefit$20k
RW TOWNE FOUNDATIONChesapeake, VAPublic Benefit$20k
KRAMDEN INSTITUTEDURHAM, NCPublic Benefit$19k
VIRGINIA MUSEUM OF CONTEMPORARY ARTSVIRGINIA BEACH, VAPublic Benefit$15k
BOY SCOUTS OF AMERICA-OCCONEECHEE COUNCILRaleigh, NCPublic Benefit$14k
WAYNE COUNTY DEVELOPMENT ALLIANCE INCGoldsboro, NCPublic Benefit$12k
JUNIOR ACHIEVEMENT OF EASTERN NORTH CAROLINARALEIGH, NCPublic Benefit$10k
YMCA OF THE TRIANGLE AREARALEIGH, NCPublic Benefit$10k
CALE COMMUNITY FOUNDATIONHertford, NCPublic Benefit$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Southern Bank Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.8M
$989k
2023
$1.5M
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

Southern Bank Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in North Carolina earns a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina
FAQ

Common questions about Southern Bank Foundation

What are Southern Bank Foundation's revenue and expenses?

In 2024, Southern Bank Foundation reported $1.5M in total revenue and $1.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.