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Franklin W & Helen S Bowen Charitable Trust

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$323k (2024)

Expenses
$327k (2024)

Total Assets
$5.76M (2024)

Total Liabilities
$0 (2024)

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
$323,490
Expenses
$326,835
Net Income
-$3,345
Net Assets
$5,755,111
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $140,224
43.3%
Sales of Assets $181,737
56.2%
Other Income $1,529
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $306,447
93.8%
Compensation of Officers* $40,024
12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,755,111
Total Liabilities $0
Net Assets $5,755,111
Compensation
Key Employees and Officers Compensation Other
Truist Bank N A (Trustee) $37,024 $0
Michael B Sisson (Committee Member) $900 $0
Jeff Biddle (Committee Member) $900 $0
William Brown (Committee Member) $900 $0
Rev Joe Seese (Committee Member) $300 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,586
Expenses
$298,072
Net Income
-$208,486
Net Assets
$5,760,653
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $133,878
> 100%
Sales of Assets -$48,245
Other Income $3,953
4.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $276,601
92.8%
Compensation of Officers* $37,686
12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,760,653
Total Liabilities $0
Net Assets $5,760,653
Compensation
Key Employees and Officers Compensation Other
Truist Bank N A (Trustee) $33,936 $0
Dr Archie Snedegar (Director) $1,250 $0
Rev Joe Seese (Director) $1,250 $0
Michael B Sisson (Director) $1,250 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$360,903
Expenses
$350,649
Net Income
$10,254
Net Assets
$5,970,635
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $403
0.1%
Dividends $119,765
33.2%
Sales of Assets $240,735
66.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $311,971
89.0%
Compensation of Officers* $43,301
12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,970,635
Total Liabilities $0
Net Assets $5,970,635
Compensation
Key Employees and Officers Compensation Other
Truist Bank N A (Trustee) $37,816 $0
Dr Archie Snedegar (Director) $2,143 $0
Rev Joe Seese (Director) $2,092 $0
Michael B Sisson (Director) $1,250 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$816,998
Expenses
$271,077
Net Income
$545,921
Net Assets
$5,961,708
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $532
0.1%
Dividends $118,703
14.5%
Sales of Assets $697,237
85.3%
Other Income $526
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $241,196
89.0%
Compensation of Officers* $45,353
16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,961,708
Total Liabilities $0
Net Assets $5,961,708
Compensation
Key Employees and Officers Compensation Other
Truist Bank N A (Trustee) $42,299 $0
Rev Joe Seese (Director) $1,234 $0
Dr Archie Snedegar (Director) $920 $0
Michael B Sisson (Director) $900 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$378,271
Expenses
$348,555
Net Income
$29,716
Net Assets
$5,412,667
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $103,041
27.2%
Sales of Assets $275,230
72.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $309,328
88.7%
Compensation of Officers* $40,575
11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,412,668
Total Liabilities $1
Net Assets $5,412,667
Compensation
Key Employees and Officers Compensation Other
Truist Bank N A (Trustee) $36,975 $0
Rev Joe Seese (Director) $1,350 $0
Dr Archie Snedegar (Director) $1,125 $0
Michael B Sisson (Director) $1,125 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$204,902
Expenses
$287,736
Net Income
-$82,834
Net Assets
$5,402,064
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $130,556
63.7%
Sales of Assets $74,346
36.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $235,883
82.0%
Compensation of Officers* $39,957
13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,402,065
Total Liabilities $1
Net Assets $5,402,064
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Co (Trustee) $36,374 $0
Rev Joe Seese (Director) $1,523 $0
Dr Archie Snedegar (Director) $1,260 $0
Michael B Sisson (Director) $800 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$300,787
Expenses
$329,313
Net Income
-$28,526
Net Assets
$5,483,975
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $128,978
42.9%
Sales of Assets $171,809
57.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $274,842
83.5%
Compensation of Officers* $40,687
12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,486,414
Total Liabilities $2,439
Net Assets $5,483,975
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $36,789 $0
Dr Archie Snedegar (Director) $1,575 $0
Rev Joe Seese (Director) $1,523 $0
Dr Michael Stephens (Director) $800 $0
Dr David Carrico (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$444,807
Expenses
$341,508
Net Income
$103,299
Net Assets
$5,512,420
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $108,128
24.3%
Sales of Assets $336,679
75.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $299,511
87.7%
Compensation of Officers* $42,210
12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,512,420
Total Liabilities $0
Net Assets $5,512,420
Compensation
Key Employees and Officers Compensation Other
Branch Banking & Trust Co (Trustee) $37,244 $0
Dr Archie Snedegar (Director) $1,915 $0
Rev Joe Seese (Director) $1,851 $0
Dr David Carrico (Chairman) $800 $0
Dr Michael Stephens (Director) $400 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$143,033
Expenses
$362,948
Net Income
-$219,915
Net Assets
$5,409,464
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $113,661
79.5%
Sales of Assets $29,372
20.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $317,997
87.6%
Compensation of Officers* $39,391
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,409,464
Total Liabilities $0
Net Assets $5,409,464
Compensation
Key Employees and Officers Compensation Other
Branch Banking & Trust Co (Trustee) $35,952 $0
Dr Archie Snedegar (Director) $1,277 $0
Dr David Carrico (Chairman) $1,000 $0
Rich Mcclure (Director) $800 $0
Lloyd Hamblin (Director) $362 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$172,931
Expenses
$391,163
Net Income
-$218,232
Net Assets
$5,630,165
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $126,080
72.9%
Sales of Assets $46,851
27.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $334,615
85.5%
Compensation of Officers* $41,864
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,630,165
Total Liabilities $0
Net Assets $5,630,165

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$669,962
Expenses
$416,786
Net Income
$253,176
Net Assets
$5,848,134
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $50
0.0%
Dividends $251,922
37.6%
Sales of Assets $412,538
61.6%
Other Income $5,452
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $354,206
85.0%
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 $5,848,134
Total Liabilities $0
Net Assets $5,848,134

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$413,854
Expenses
$399,541
Net Income
$14,313
Net Assets
$5,686,161
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $176,812
42.7%
Sales of Assets $236,031
57.0%
Other Income $1,009
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $342,517
85.7%
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 $5,686,161
Total Liabilities $0
Net Assets $5,686,161

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$291,937
Expenses
$427,775
Net Income
-$135,838
Net Assets
$5,676,529
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $41
0.0%
Dividends $158,892
54.4%
Sales of Assets $131,289
45.0%
Other Income $1,715
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $361,283
84.5%
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 $5,676,529
Total Liabilities $0
Net Assets $5,676,529

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$712,392
Expenses
$338,987
Net Income
$373,405
Net Assets
$5,811,493
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $144
0.0%
Dividends $126,642
17.8%
Sales of Assets $585,586
82.2%
Other Income $20
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $289,351
85.4%
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 $5,811,493
Total Liabilities $0
Net Assets $5,811,493

Document Links

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

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

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

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

Fiscal Year Ending Dec.
2006

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

Fiscal Year Ending Dec.
2005

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

Fiscal Year Ending Dec.
2003

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

Fiscal Year Ending Dec.
2002

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

Fiscal Year Ending Dec.
2001

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

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.

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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 »

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