Joseph B And Virginia H Banks Foundation
- Assets
- $1.8m
- Revenue
- $65.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Wilkesbarre, PA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 23-2953650
Organization Overview
Joseph B And Virginia H Banks Foundation is located in Wilkesbarre, PA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph B And Virginia H Banks Foundation 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 12/2022, Joseph B And Virginia H Banks Foundation generated $65.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $86.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph B And Virginia H Banks Foundation has awarded 126 individual grants totaling $373,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Christopher Banks Trustee | 0 | $0 | |
J Gregory Banks Trustee | 0 | $0 | |
Jennifer Banks Santo Trustee | 0 | $0 | |
Margaret L Banks Advis Board Mem | 0 | $0 | |
Lisa Banks Advis Board Mem | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,853 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,158 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $86,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,603 |
| Savings and temporary cash investments | $83,076 |
| 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 | $1,798,317 |
| 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 |
Grants Awarded
Over the last fiscal year, Joseph B And Virginia H Banks Foundation has awarded $75,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT DEPAUL KITCHEN PURPOSE: PROGRAM SUPPORT | $1,000 |
VOLUNTEERS IN MEDICINE PURPOSE: PROGRAM SUPPORT | $1,500 |
BACK MOUNTAIN MEMORIAL LIBRARY ASSN PURPOSE: PROGRAM SUPPORT | $4,500 |
NORTHEAST SIGHT SERVICES PURPOSE: PROGRAM SUPPORT | $13,700 |
MEALS ON WHEELS OF WYOMING VALLEY PURPOSE: PROGRAM SUPPORT | $3,500 |
CASA OF LUZERNE COUNTY PURPOSE: PROGRAM SUPPORT | $8,500 |