Bannu Inc
- Assets
- $4.3k
- Revenue
- $301.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Berlin, NH
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 45-2541934
Organization Overview
Bannu Inc is located in Berlin, NH. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bannu 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 12/2023, Bannu Inc generated $301.3k 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 (10.9%) each year. All expenses for the organization totaled $401.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BANNU, INC. PROVIDES MEDICAL SCREENING FOR HYPERTENSION/DIABETES, ANEMIA/THALASEMIA & CANCER TO PROMOTE EARLY TREATMENT AND HEALTHCARE EDUCATION. MONTHLY CLINICS PROVIDE BLOOD PRESSURE AND BLOOD SUGAR MONITORING AND PARTIPANTS RECEIVE MEDICAL SUPPLIES AT NO COST. OVER 26,875 PEOPLE PARTICIPATED IN THESE SCREENINGS. THE CANCER SCREENING PROGRAMS REACHED OVER 9,875 PEOPLE AND TESTED FOR A NUMBER OF CANCERS INCLUDING BREAST, ORAL, CERVICAL, PROSTATE, LIVER, BLOOD AND SKIN CANCERS. MEDICATIONS ARE PROVIDED FREE OF COST.
THE ORGANIZATION PROVIDES EDUCATIONAL SUPPORT INCLUDING GRANTS FOR THE OPERATION OF AN ORPHANAGE AND ASSISTANCE TO HEARING IMPAIRED CHILDREN AND ADULTS. PROGRAMS INCLUDE VOCATIONAL TRAINING, SKILL DEVELOPMENT AND WOMEN EMPOWERMENT.
THE ORGANIZATION PROVIDES FUNDS FOR THE RELIEF OF POVERTY FOCUSED ON MINORITY WOMEN, AND CHILDREN ENGAGED IN FORCED LABOR, AS WELL AS THE HOMELESS POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Phillips Director | Trustee | 0.25 | $0 |
Narahari Rangisetti Director | Trustee | 0.25 | $0 |
Dr Rajitha Siddineni Director | Trustee | 0.25 | $0 |
Dr Sushmitha Jeeri Treasurer | Officer | 0.25 | $0 |
Dr Kyle Addsion Knuppel Secretary | Officer | 25 | $0 |
Charanjit Veeramalla President | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,557 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $395,244 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $401,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,280 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $499,900 |
| Total liabilities | $499,900 |
| Net assets without donor restrictions | -$495,620 |
| Net assets with donor restrictions | $0 |
| 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 | $4,280 |