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 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

RALEIGH, NC · 2024

Public Benefit

$125,000

UNIVERSITY OF MOUNT OLIVE (003689)

MOUNT OLIVE, NC · 2024

Public Benefit

$107,500

BARTON COLLEGE (006943)

Wilson, NC · 2024

Public Benefit

$50,000

OUTER BANKS HOSPTIAL DEVELOPMENT COUNCIL

NAGS HEAD, NC · 2024

Public Benefit

$50,000

PITT COMMUNITY COLLEGE FOUNDATION I

MERRY HILL, NC · 2024

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

DONATION

$1,557,100 173 grants

Public Benefit

$1,161,294 101 grants

General Operations and Support

$920,887 98 grants

DONTAION

$10,000 2 grants

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.

See the full picture for Southern Bank Foundation

Complete financials, all 374 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports