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Smartbank Foundaiton

  • Chattanooga, TN
  • Tax-exempt since April 2009
  • EIN: 20-8115548

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$13.7k (2024)

Expenses
$39.7k (2024)

Total Assets
$198k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,706
Expenses
$39,723
Net Income
-$26,017
Net Assets
$198,287
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,054
66.1%
Sales of Assets $4,652
33.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,000
95.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $198,287
Total Liabilities $0
Net Assets $198,287
Compensation
Key Employees and Officers Compensation Other
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0
Miller Welborn (Secretary) $0 $0

Document Links

990-PF
Filed on May 21, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,145
Expenses
$52,949
Net Income
-$37,804
Net Assets
$224,304
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,457
55.8%
Sales of Assets $6,688
44.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,500
99.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $224,304
Total Liabilities $0
Net Assets $224,304
Compensation
Key Employees and Officers Compensation Other
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0
Miller Welborn (Secretary) $0 $0

Document Links

990-PF
Filed on April 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,078
Expenses
$29,746
Net Income
$4,332
Net Assets
$262,108
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,043
23.6%
Sales of Assets $26,035
76.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,997
94.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $262,108
Total Liabilities $0
Net Assets $262,108
Compensation
Key Employees and Officers Compensation Other
Miller Welborn (Secretary) $0 $0
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0

Document Links

990-PF
Filed on May 16, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,213
Expenses
$30,046
Net Income
-$11,833
Net Assets
$257,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,108
50.0%
Sales of Assets $9,087
49.9%
Other Income $18
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,006
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $257,776
Total Liabilities $0
Net Assets $257,776
Compensation
Key Employees and Officers Compensation Other
Miller Welborn (Secretary) $0 $0
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0

Document Links

990-PF
Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,711
Expenses
$55,294
Net Income
-$20,583
Net Assets
$269,608
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,721
28.0%
Sales of Assets $24,831
71.5%
Other Income $159
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,793
95.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $269,609
Total Liabilities $1
Net Assets $269,608
Compensation
Key Employees and Officers Compensation Other
Miller Welborn (Secretary) $0 $0
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0

Document Links

990-PF
Filed on March 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,387
Expenses
$22,454
Net Income
-$1,067
Net Assets
$290,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,777
50.4%
Sales of Assets $10,223
47.8%
Other Income $387
1.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,576
78.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $290,192
Total Liabilities $1
Net Assets $290,191
Compensation
Key Employees and Officers Compensation Other
Miller Welborn (Secretary) $0 $0
Billy Carroll (President) $0 $0
Bill Carroll (Treasurer) $0 $0

Document Links

990-PF
Filed on April 21, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,868
Expenses
$25,078
Net Income
-$13,210
Net Assets
$300,868
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,772
90.8%
Sales of Assets $657
5.5%
Other Income $439
3.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,987
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $300,868
Total Liabilities $0
Net Assets $300,868
Compensation
Key Employees and Officers Compensation Other
Frank Hughes (Director) $0 $0
Miller Wellborn (Director) $0 $0
Dr Doyce Payne (Director) $0 $0
Marsha Yessick (Director) $0 $0
Ladell Mc Cullough (Director) $0 $0
Greg Eaves (Director) $0 $0
Billy Carroll (Director) $0 $0
Barry Watson (Director) $0 $0
Charlotte Lindeman (Director) $0 $0
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Document Links

990-PF
Filed on April 26, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,514
Expenses
$21,868
Net Income
-$5,354
Net Assets
$314,078
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,776
65.3%
Sales of Assets $4,936
29.9%
Other Income $802
4.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,800
90.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $314,078
Total Liabilities $0
Net Assets $314,078
Compensation
Key Employees and Officers Compensation Other
Frank Hughes (Director) $0 $0
Miller Wellborn (Director) $0 $0
Dr Doyce Payne (Director) $0 $0
Marsha Yessick (Director) $0 $0
Ladell Mc Cullough (Director) $0 $0
Greg Eaves (Director) $0 $0
Billy Carroll (Director) $0 $0
Barry Watson (Director) $0 $0
Charlotte Lindeman (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,422
Expenses
$45,841
Net Income
-$12,419
Net Assets
$319,432
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,333
39.9%
Sales of Assets $19,490
58.3%
Other Income $599
1.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,601
95.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $319,432
Total Liabilities $0
Net Assets $319,432
Compensation
Key Employees and Officers Compensation Other
Frank Hughes (Director) $0 $0
Miller Wellborn (Director) $0 $0
Dr Doyce Payne (Director) $0 $0
Marsha Yessick (Director) $0 $0
Ladell Mc Cullough (Director) $0 $0
Greg Eaves (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,635
Expenses
$34,729
Net Income
-$17,094
Net Assets
$331,851
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $15,572
88.3%
Sales of Assets $82
0.5%
Other Income $1,981
11.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,368
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $331,851
Total Liabilities $0
Net Assets $331,851
Compensation
Key Employees and Officers Compensation Other
Frank Hughes (Director) $0 $0
Miller Wellborn (Director) $0 $0
Dr Doyce Payne (Director) $0 $0
Marsha Yessick (Director) $0 $0
David Fussell (Director) $0 $0
Ladell Mc Cullough (Director) $0 $0
Greg Eaves (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on March 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,417
Expenses
$28,612
Net Income
-$3,195
Net Assets
$348,945
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,793
54.3%
Sales of Assets $10,807
42.5%
Other Income $817
3.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,830
90.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $348,945
Total Liabilities $0
Net Assets $348,945
Compensation
Key Employees and Officers Compensation Other
Frank Hughes (Director) $0 $0
Miller Wellborn (Director) $0 $0
Dr Doyce Payne (Director) $0 $0
Marsha Yessick (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on April 13, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,607
Expenses
$30,028
Net Income
-$9,421
Net Assets
$352,139
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $14,122
68.5%
Sales of Assets $5,721
27.8%
Other Income $764
3.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,587
91.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $352,140
Total Liabilities $1
Net Assets $352,139

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,550
Expenses
$29,804
Net Income
-$11,254
Net Assets
$361,561
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $451
2.4%
Interest Revenue $0
Dividends $12,228
65.9%
Sales of Assets $4,975
26.8%
Other Income $896
4.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,776
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $361,561
Total Liabilities $0
Net Assets $361,561

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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