Banto Center For Innovation And Entrepreneurship Inc
- Assets
- $518.0
- Revenue
- $16.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Broadview Heights, OH
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2416926
Organization Overview
Banto Center For Innovation And Entrepreneurship Inc is located in Broadview Heights, OH. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Banto Center For Innovation And Entrepreneurship 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 12/2021, Banto Center For Innovation And Entrepreneurship Inc generated $16.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $17.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Attila Banto Vice-President | 1 | $0 | |
Borbala Banto President | 1 | $0 | |
Laszlo Szilagyi Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,206 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $1,245 |
| Total operating and administrative expenses | $1,245 |
| Contributions, gifts, grants paid | $15,898 |
| Total expenses and disbursements | $17,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518 |
| 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 | $518 |
| 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, Banto Center For Innovation And Entrepreneurship Inc has awarded $15,898 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MANTLES AND MAKERS INC PURPOSE: GENERAL FUND | $10,578 |
Cleveland, OH PURPOSE: GENERAL FUND | $4,820 |
UNITED HUNGARIAN SOCIETIES PURPOSE: GENERAL FUND | $300 |
CHIPPEWA PSO PURPOSE: GENERAL FUND | $200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Banto Center For Innovation And Entrepreneurship Inc has recieved totaling $7,380.
| Awarding Organization | Amount |
|---|---|
In Our Backyards Inc Brooklyn, NY PURPOSE: FUNDING FOR FAB HOUSE | $7,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |