Banks Family Foundation Inc
- Assets
- $51.0k
- Revenue
- $5.0k
- Investments
- $45.4k
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 02/1995
- Data as of
- 12/2020
- EIN
- 13-3799347
Organization Overview
Banks Family Foundation Inc is located in Aventura, FL. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banks Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Banks Family Foundation Inc generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Banks Vice President | 5 | $3,000 | |
Marc Hanover Treasurer | 0 | $0 | |
Janice Banks President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $3,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,873 |
| Capital Gain Net Income | $1,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,096 |
| Total operating and administrative expenses | $5,286 |
| Contributions, gifts, grants paid | $5,440 |
| Total expenses and disbursements | $10,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,624 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roberta Leventhal Sudakoff Foundation Inc Sarasota, FL | $16,407,850 | $2,294,623 |
Melly And Rochelle Lifshitz Charitable Tr Boca Raton, FL | $0 | $2,250,230 |
John J Conefry Jr Foundation Orchid, FL | $390,649 | $160,308 |
Bonner Family Foundation Trust Naples, FL | $185,506 | $21,245 |
Banks Family Foundation Inc Aventura, FL | $50,985 | $4,997 |