Banner Foundation
- Assets
- $678.8k
- Revenue
- $34.3k
- Investments
- $601.6k
- Employees
- 0
- Location
- Los Ranchos, NM
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 85-0446587
Organization Overview
Banner Foundation is located in Los Ranchos, NM. The organization was established in 1997. 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. Banner 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 06/2022, Banner Foundation generated $34.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $63.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Banner Foundation has awarded 60 individual grants totaling $338,375. 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 |
|---|---|---|---|
Cyrene Inman President | 1 | $0 | |
Mary Zouhar Secretary | 4 | $0 | |
Raymond Zouhar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $16,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,132 |
| Capital Gain Net Income | $18,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $314 |
| Total operating and administrative expenses | $20,772 |
| Contributions, gifts, grants paid | $42,525 |
| Total expenses and disbursements | $63,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,272 |
| Savings and temporary cash investments | $24,900 |
| 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 | $65,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $678,758 |
| 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, Banner Foundation has awarded $42,525 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL HUMANE ASSOCIATION OF NM PURPOSE: GENERAL PURPOSES | $500 |
ASPCA PURPOSE: GENERAL PURPOSES | $500 |
KNME PURPOSE: GENERAL PURPOSE | $500 |
PLANNED PARENTHOOD OF THE ROCKY MOUNTAINS PURPOSE: GENERAL PURPOSES | $2,000 |
GREATER ALBUQUERQUE HABITAT FOR HUMANITY PURPOSE: GENERAL PURPOSE | $500 |
SOUTHERN POVERTY LAW CENTER PURPOSE: GENERAL PURPOSE | $50 |