Bananas Incorporated
- Assets
- $8.0m
- Revenue
- $24.3m
- Investments
- $0.0
- Employees
- 61
- Location
- Oakland, CA
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 94-2247074
Organization Overview
Bananas Incorporated is located in Oakland, CA. The organization was established in 1974. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2021, Bananas Incorporated employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bananas Incorporated 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, Bananas Incorporated generated $24.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $24.2m during the year ending 06/2021. While expenses have increased by 12.1% per year over the past 6 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
TO PARTNER WITH FAMILIES AND CHILD CARE PROVIDERS TO RAISE HAPPY, CONFIDENT CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATIVE PAYMENT - PAYS FOR THE CHILD CARE OF LOW INCOME NORTHERN ALAMEDA COUNTY FAMILIES WHO QUALIFY FOR SERVICES. CHILD CARE SUBSIDIES - SERVED 1,024 FAMILIES WITH 1,782 CHILDREN.CHILD CARE SUBSIDY PAYMENTS - SERVED 706 CHILD CARE PROVIDERS.
RESOURCE, REFERRAL AND TRAINING - PROVIDE CHILD CARE REFERRALS, CHILD REARING INFORMATION AND SERVICES TO PARENTS. PROVIDE TECHNICAL ASSISTANCE AND TRAINING FOR CHILD CARE PROVIDERS. CHILD CARE RESOURCE & REFERRAL SERVICES - PROVIDED 4,918 CHILD CARE REFERRALS AND PROVIDED ADDITIONAL TECHNICAL ASSISTANCE ON 7,258 OCCASIONS.PARENT EDUCATION - HELD 132 PARENT EDUCATION CLASSES, SERVING 362 PARENTS.PROFESSIONAL DEVELOPMENT WORKSHOPS - SERVED 536 CHILD CARE PROVIDERS.HEALTH HEROES PROGRAM - ASSISTED 194 CHILD CARE PROGRAMS AND SUPPORTED 2,000 CHILDREN. PROFESSIONAL DEVELOPMENT FOR CHILD CARE PROVIDERS - 93 WORKSHOPS HELD.PLAYGROUPS - 6,587 FAMILIES SERVED. HEALTH & SAFETY - OFFERED 6 CPR & FIRST AID CLASSES SERVING 126 CHILD CARE PROVIDERS, AND 5 PREVENTIVE HEALTH CLASSES SERVING 74 CHILD CARE PROVIDERS.OTHER SERVICES: BANANAS OPENED A SATELLITE OFFICE IN EAST OAKLAND TO BETTER SUPPORT FAMILIES AND CAREGIVERS IN THAT AREA. WE CONTINUE TO PROVIDE ENHANCED SUPPORT TO FOSTER FAMILIES AND FAMILIES EXPERIENCING HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim R Johnson Executive Director | Officer | 37 | $135,349 |
Cate Ejjed Dir. Of Finance And Admin. | Officer | 37 | $108,701 |
Nancy Harvey Mackey Board Director | Trustee | 1 | $56,425 |
Julia Frudden Transition 720 Board Director/chair | OfficerTrustee | 2 | $0 |
Todd Brantley Transition 720 Board Director/treasurer | OfficerTrustee | 2 | $0 |
Nathan Kleiner Transition 720 Board Director/vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agnes Memorial Church Of God In Christ Child Care Services | 6/29/21 | $360,750 |
Stacy Carrier-broussard Child Care Services | 6/29/21 | $207,741 |
Lenette Russell-gascie Child Care Services | 6/29/21 | $178,385 |
Rachel Smith Child Care Services | 6/29/21 | $171,679 |
Luz Parra Rodriguez Child Care Services | 6/29/21 | $166,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,547 |
| Related organizations | $0 |
| Government grants | $23,269,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,763,315 |
| Total Program Service Revenue | $494,157 |
| Investment income | $26,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,180 |
| 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 | $24,289,933 |
| 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. | $371,910 |
| Compensation of current officers, directors, key employees. | $258,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,748,222 |
| Pension plan accruals and contributions | $124,938 |
| Other employee benefits | $577,057 |
| Payroll taxes | $249,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $307,113 |
| Advertising and promotion | $0 |
| Office expenses | $99,771 |
| Information technology | $244,104 |
| Royalties | $0 |
| Occupancy | $215,251 |
| Travel | $6,265 |
| 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 | $34,280 |
| Insurance | $11,060 |
| All other expenses | $100,105 |
| Total functional expenses | $24,238,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,378,322 |
| Savings and temporary cash investments | $71,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $753,634 |
| 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 | $58,373 |
| Net Land, buildings, and equipment | $139,054 |
| Investments—publicly traded securities | $1,451,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,971 |
| Total assets | $7,952,890 |
| Accounts payable and accrued expenses | $3,764,194 |
| 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 | $587,002 |
| Other liabilities | $130 |
| Total liabilities | $4,351,326 |
| Net assets without donor restrictions | $3,166,098 |
| Net assets with donor restrictions | $435,466 |
| 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 | $7,952,890 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Bananas Incorporated has recieved totaling $370,681.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $82,817 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $61,039 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: CHILDREN, FAMILIES, AND COMMUNITIES | $55,377 |
Sunlight Giving Palo Alto, CA PURPOSE: GENERAL SUPPORT | $45,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,393 |
Morris Stulsaft Fdn San Francisco, CA PURPOSE: FOR VIRTUAL PLAYGROUPS SERVING 200 CHILDREN AND THEIR FAMILIES | $25,000 |
Endowment Analysis
| Beg. Balance | $1,252,992 |
| Earnings | $260,663 |
| Ending Balance | $1,513,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wu Yee Childrens Services San Francisco, CA | $6,752,580 | $40,253,785 |
Community Child Care Coordinating Council Of Alameda County Hayward, CA | $5,365,652 | $37,609,581 |
Pathways La Los Angeles, CA | $7,866,630 | $33,308,303 |
Community Child Care Council Of Sonoma County Inc Santa Rosa, CA | $6,379,645 | $25,248,101 |
Bananas Incorporated Oakland, CA | $7,952,890 | $24,289,933 |
Central Valley Childrens Services Network Fresno, CA | $5,032,577 | $21,440,109 |
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |
Central California Child Development Services Ceres, CA | $5,867,759 | $17,911,125 |
Child Care Coordinating Council Of San Mateo County Inc Redwood City, CA | $6,695,792 | $17,903,623 |
Sjb Child Development Centers San Jose, CA | $5,435,445 | $16,724,123 |
Quality Childrens Services Carlsbad, CA | $6,642,630 | $14,225,799 |
B J Jordan Child Care Programs Inc Sacramento, CA | $3,184,918 | $12,848,102 |