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EIN 20-8115548

SmartBank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Chattanooga
State
Tennessee
Year formed
2009
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
The SmartBank Foundation is a corporate foundation located in Chattanooga, TN. Its purpose is to provide investment income to further its mission of helping schools purchase property, providing scholarships for students in Sevier County, and developing positive learning skills and values. Grantees include Purpose Point Learning Academy and others, and the foundation made three grants last year.
Also known as...
Cornerstone Bancshares Foundation
Total revenues
$34,078
2022
Total expenses
$29,746
2022
Total assets
$262,108
2022
Num. employees
n/a

Program areas at SmartBank Foundation

Investment income to help further the mission of the Foundation
Investment income to help further the mission of the Foundation
Investment income to help further the mission of the Foundation

Grants made by SmartBank Foundation

GranteeGrant descriptionAmount
Sevier County Partners in Progress Education FoundationTo Help Provide Scholarships for Students in Sevier County$5,000

Personnel at SmartBank Foundation

NameTitleCompensation
Miller WelbornDirector$0

Financials for SmartBank Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$8,043
Net rental income$0
Net gain from sale of non-inventory assets$26,035
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$34,078

Form 990s for SmartBank Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-16990PFView PDF
2020-122021-06-17990PFView PDF
2019-122020-10-13990PRView PDF
2018-122019-08-01990PFView PDF
2017-122018-09-12990PFView PDF
...and 6 more Form 990s
Data update history
October 22, 2021
Posted financials
Added Form 990PF for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
September 17, 2020
Posted financials
Added Form 990PF for fiscal year 2018
September 17, 2020
Used new vendors
Identified 1 new vendor, including
March 7, 2020
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
835 Georgia Ave
Chattanooga, TN 37402
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
thecornerstonefoundation.org/ 
Phone
(423) 385-3097
IRS details
EIN
20-8115548
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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