Banyan Foundation
- Assets
- $6.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Minneapolis, MN
- Founding
- 05/1999
- Data as of
- 07/2024
- EIN
- 41-1922813
Organization Overview
Banyan Foundation, operating under the name Banyan Community, is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2023, Banyan Community employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banyan Community 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 07/2024, Banyan Community generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.5m during the year ending 07/2024. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM LIVES BY DEVELOPING YOUTH, STRENGTHENING FAMILIES, AND CREATING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES INSPIRES YOUNG PEOPLE TO INVEST IN THEMSELVES IN EDUCATION AND COMMUNITY. YOUTH ARE PREPARED TO MEET THE CHALLENGES OF ADOLESCENCE AND ADULTHOOD THROUGH PROGRAMS THAT CULTIVATE SOCIAL, EMOTIONAL, AND EDUCATIONAL GROWTH. OUR YOUTH HAVE FUN WHILE THEY DEVELOP INTO COMMITTED LEARNERS AND RECONCILED PEOPLE. YOUTH ATTEND PROGRAMS TO SUCCEED IN SCHOOL, BUILD LIFE SKILLS, DEVELOP ASSETS, AND CULTIVATE HEALTHY RELATIONSHIPS.
YOUTH SERVICES INSPIRES YOUNG PEOPLE TO INVEST IN THEMSELVES, EDUCATION, AND COMMUNITY. YOUTH ARE PREPARED TO MEET THE CHALLENGES OF ADOLESCENCE AND ADULTHOOD THROUGH PROGRAMS THAT CULTIVATE SOCIAL, EMOTIONAL, AND EDUCATIONAL GROWTH. OUR YOUTH HAVE FUN WHILE THEY DEVELOP INTO COMMITTED LEARNERS. YOUTH ATTEND PROGRAMS TO SUCCEED IN SCHOOL, BUILD LIFE SKILLS, DEVELOP ASSETS, AND CULTIVATE HEALTHY RELATIONSHIPS.
FAMILY SERVICES BRINGS HOPE TO FAMILIES BY STRENGTHENING THE RELATIONSHIP BETWEEN PARENTS AND CHILDREN. OUR FAMILIES HAVE CLOSE BONDS THAT ENABLE US TO WORK TOGETHER TOWARDS A BRIGHTER FUTURE. THE ORGANIZATION HELPS PARENTS BECOME ADVOCATES FOR THEIR CHILDREN IN ALL ARENAS OF LIFE, WHILE CHILDREN BECOME AN INSPIRATION TO THEIR PARENTS. THE ORGANIZATION'S FAMILIES ARE FUTURE-ORIENTED BECAUSE THEY SEE THAT THEIR FUTURE IS BRIGHT.
FAMILY SERVICES FOSTERS HOPE WITH FAMILIES BY STRENGTHENING THE RELATIONSHIP BETWEEN PARENTS AND CHILDREN. OUR FAMILIES HAVE CLOSE BONDS WITH STAFF THAT ENABLE US TO WORK TOGETHER TOWARDS A BRIGHTER FUTURE. THE ORGANIZATION HELPS PARENTS BECOME ADVOCATES FOR THEIR CHILDREN IN ALL ARENAS OF LIFE, WHILE CHILDREN BECOME AN INSPIRATION TO THEIR PARENTS. THE ORGANIZATION'S FAMILIES ARE FUTURE-ORIENTED BECAUSE THEY SEE AND REALIZE THE NEW LIFE-CHANGING OPPORTUNITIES BEFORE THEM.
COMMUNITY SERVICES IS AN ESSENTIAL PART OF THE ORGANIZATION'S MISSION AND IS INSEPARABLE FROM THE STRENGTH OF OUR FAMILIES AND THE SUCCESS OF OUR YOUTH. THE ORGANIZATION CONNECTS MEMBERS OF THE NEIGHBORHOOD WITH EACH OTHER, CREATING BONDS THAT ENCOURAGE COMMUNICATION AND BELONGING. BUILDING TRUST BETWEEN RESIDENTS, AND TRAINING LEADERS ON EVERY BLOCK, BRINGS HOPE AND SAFETY TO EVERY HOME. THE ORGANIZATION ACTS AS A RESOURCE HUB, CONNECTING RESIDENTS WITH SUPPORT SYSTEMS AND EQUIPPING THEM AS LEADING CITIZENS.
COMMUNITY SERVICES IS AN ESSENTIAL PART OF THE ORGANIZATION'S MISSION AND IS INSEPARABLE FROM THE STRENGTH OF OUR FAMILIES AND THE SUCCESS OF OUR YOUTH. THE ORGANIZATION CONNECTS MEMBERS OF THE NEIGHBORHOOD WITH EACH OTHER, CREATING CONNECTIONS THAT ENCOURAGE COMMUNICATION AND BELONGING. BUILDING TRUST BETWEEN RESIDENTS, AND TRAINING LEADERS ON EVERY BLOCK, BRINGS HOPE AND SAFETY TO EVERY HOME. THE ORGANIZATION ACTS AS A RESOURCE HUB, CONNECTING RESIDENTS WITH SUPPORT SYSTEMS AND EQUIPPING THEM AS LEADING CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Pennington Board Chair | OfficerTrustee | 1 | $0 |
Andrew Bingenheimer Vice Chair | OfficerTrustee | 1 | $0 |
Michael O'keefe Secretary | OfficerTrustee | 1 | $0 |
Margaret Murphy Treasurer | OfficerTrustee | 1 | $0 |
Erica Messmer Director | Trustee | 1 | $0 |
Hanan Osman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,899 |
| Related organizations | $0 |
| Government grants | $484,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,632,446 |
| Noncash contributions included in lines 1a–1f | $160,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,178,637 |
| Total Program Service Revenue | $0 |
| Investment income | $56,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,286,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $155,610 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,564 |
| Compensation of current officers, directors, key employees. | $8,537 |
| Compensation to disqualified persons | $554,063 |
| Other salaries and wages | $1,119,955 |
| Pension plan accruals and contributions | $15,196 |
| Other employee benefits | $115,545 |
| Payroll taxes | $96,959 |
| Fees for services: Management | $7,534 |
| Fees for services: Legal | $2,750 |
| Fees for services: Accounting | $22,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,900 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,038 |
| Advertising and promotion | $0 |
| Office expenses | $48,721 |
| Information technology | $109,638 |
| Royalties | $0 |
| Occupancy | $81,748 |
| Travel | $3,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,264 |
| Insurance | $30,151 |
| All other expenses | $0 |
| Total functional expenses | $2,471,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,258 |
| Savings and temporary cash investments | $704,520 |
| Pledges and grants receivable | $557,051 |
| Accounts receivable, net | $112,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,039 |
| Net Land, buildings, and equipment | $4,644,497 |
| Investments—publicly traded securities | $289,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,361,123 |
| Accounts payable and accrued expenses | $70,888 |
| Grants payable | $0 |
| Deferred revenue | $3,167 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,055 |
| Net assets without donor restrictions | $5,848,952 |
| Net assets with donor restrictions | $438,116 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,361,123 |