Citizens Savings Bank Ssb

ORLANDO, FL EIN: 56-6436047

Citizens Savings Bank Ssb is a private foundation, based in ORLANDO, FL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $22K. Net investment income was $22.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$22K

Grant Count

Avg Grant Size

$11K

Under IRS private-foundation payout rules, Citizens Savings Bank Ssb reported a distributable amount of $492 for 2022 — the minimum it must pay out in qualifying distributions.

About Citizens Savings Bank Ssb

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $22K (100%)

States

North Carolina

Cities

Charlotte

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$21,777	$22,774
Revenue	$28	$2	$111
Expenses	$21,804	$1,000	$1,006
Qualifying Distributions	$21,804	$1,000	—
Net Investment Income	$22	$2	$111
Distributable Amount	$492	$1,095	$1,137

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2022

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Luke Kennedy ($10,902), Avery Lefebvre ($10,902).

Recipient	Purpose	Amount
LUKE KENNEDY CHARLOTTE, NC	SCHOLARSHIP	$10,902
AVERY LEFEBVRE CHARLOTTE, NC	SCHOLARSHIP	$10,902

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
TRUIST BANK	TRUSTEE	1	—

Frequently Asked Questions

Where does Citizens Savings Bank Ssb operate?

Citizens Savings Bank Ssb has awarded grants in North Carolina.

What size grants does Citizens Savings Bank Ssb award?

In 2022, Citizens Savings Bank Ssb awarded 2 grants totaling $22K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Citizens Savings Bank Ssb required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Citizens Savings Bank Ssb reported a distributable amount of $492 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.