Before you apply to Southern Bank Foundation
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Private Foundation
Southern Bank Foundation
Southern Bank Foundation, of Mount Olive, NC, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.5M in revenue, $1.2M in expenses, $16.3M in total assets. IRS filings disclose 374 grants awarded by this foundation, totaling roughly $3.6M.
EIN: 562002871
Mount Olive, NC
Private Independent Foundations
NTEE: T22
Latest filing: 2024
Total Revenue$1.5M
Total Expenses$1.2M
Total Assets$16.3M
Grants Given374
Grant Total$3.6M
Filing Years2020–2024
Sample Grants Given
NC AQUARIUM SOCIETY INC
Public Benefit
$125,000
UNIVERSITY OF MOUNT OLIVE (003689)
Public Benefit
$107,500
BARTON COLLEGE (006943)
Public Benefit
$50,000
OUTER BANKS HOSPTIAL DEVELOPMENT COUNCIL
Public Benefit
$50,000
WILMINGTON AREA REBUILDING MINISTRY INC
Public Benefit
$25,000
Showing up to 5 of 374 total records — full history available with membership.
Officers & Directors
VICE PRESIDENT & INVESTMENT OFFICER
Dan R Ellis
TREASURER
David L Sauls
PRESIDENT & DIRECTOR
Drew M Covert
ASSISTANT TREASURER
Genetta B Goodman
DIRECTOR
Hope H Bryant
SECRETARY
Hope M Fields
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.5M | $1.2M | $16.3M |
| 2023 | $1.8M | $989K | $15.9M |
| 2022 | $726K | $776K | $15.2M |
| 2020 | $884K | $828K | $14.9M |
Between 2020 and 2024, reported annual revenue grew from $884K to $1.5M (+67%), with total assets most recently reported at $16.3M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in AL, FL, MI, NC, ND, NY, and 4 other states.
ALFLMINCNDNYOHTNTXVA
Full geographic grant map with state-by-state breakdown available with membership.