Ryan Banks Academy
- Assets
- $370.4k
- Revenue
- $697.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 03/2016
- Data as of
- 06/2021
- EIN
- 47-3666107
Organization Overview
Ryan Banks Academy is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ryan Banks Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ryan Banks Academy 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 06/2021, Ryan Banks Academy generated $697.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $488.6k during the year ending 06/2021. While expenses have increased by 9.5% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RYAN BANKS ACADEMY IS CHICAGO'S FIRST TUITION-FREE, INNER CITY, CO-ED RESIDENTIAL BOARDING SCHOOL FOR UNDERSERVED CHILDREN GRADES 7TH THROUGH 12TH. RBA WILL COMBINE A HIGH-QUALITY, FUTURE-FACING STEAM CURRICULUM WITH AN INTEGRATED SOCIAL-EMOTIONAL EDUCATION IN ORDER TO PROPEL STUDENTS OUT OF POVERTY AND INTO THE NEXT GENERATIONS OF LEADERS, THINKERS, AND WORLD- CHANGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RYAN BANKS ACADEMY'S PRIMARY PURPOSE ACCOMPLISHMENT IS TO PROVIDE A HIGH-QUALITY, FUTURE-FACING STEAM CURRICULUM WITH AN INTEGRATED SOCIAL- EMOTIONAL EDUCATION IN ORDER TO PROPEL STUDENTS OUT OF POVERTY AND INTO THE NEXT GENERATIONS OF LEADERS, THINKERS, AND WORLD-CHANGERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Glass Jr Edd Chief Execut | Officer | 40 | $45,000 |
Karen Swaback Operations D | Officer | 40 | $3,654 |
Ann Zeiler Board Chair | OfficerTrustee | 2 | $0 |
David Anderson Vice Chair | OfficerTrustee | 2 | $0 |
Ryan Lazarus Secretary | OfficerTrustee | 2 | $0 |
Forest Bailey Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $630,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,100 |
| 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 | $697,100 |
| 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 | $0 |
| 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 | $377,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,859 |
| Payroll taxes | $28,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,623 |
| Office expenses | $1,193 |
| Information technology | $1,995 |
| Royalties | $0 |
| Occupancy | $3,532 |
| Travel | $79 |
| 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 | $9,535 |
| All other expenses | $967 |
| Total functional expenses | $488,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,355 |
| 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 | $370,355 |
| 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 | $71,339 |
| Total liabilities | $71,339 |
| Net assets without donor restrictions | $299,016 |
| 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 | $370,355 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ryan Banks Academy has recieved totaling $193,386.
| Awarding Organization | Amount |
|---|---|
Rogue Willow Foundation Skokie, IL PURPOSE: EDUCATIONAL | $150,000 |
United Way Of Metropolitan Chicago Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $20,636 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,750 |
Butkiewicz Family Foundation Naples, FL PURPOSE: GENERAL | $5,000 |
Gochnauer Family Foundation Corona Del Mar, CA PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concept Schools Inc Schaumburg, IL | $73,509,189 | $54,687,645 |
Lake Forest Academy Lake Forest, IL | $113,447,241 | $34,795,522 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Perspectives Charter School Chicago, IL | $57,974,185 | $31,269,423 |
Hope Christian Schools Inc Waukesha, WI | $8,169,327 | $30,403,375 |
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |