Robert R Banks Foundation
- Assets
- $4.0m
- Revenue
- $422.0k
- Investments
- $3.8m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 03/1995
- Data as of
- 04/2022
- EIN
- 94-3221616
Organization Overview
Robert R Banks Foundation is located in Reno, NV. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert R Banks 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 04/2022, Robert R Banks Foundation generated $422.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $302.7k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert R Banks Foundation has awarded 109 individual grants totaling $1,019,030. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - THE ACTIVITIES OF THE FOUNDATION ARE LIMITED SOLELY TO GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Horsey Board Member | 5 | $12,000 | |
Jack Harker President | 5 | $12,000 | |
Steve Petersen Secretary/treasurer | 5 | $12,000 | |
Jeff Eckroth Board Member | 5 | $9,500 | |
Chris Mccune Board Member | 5 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $76,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $345,742 |
| Capital Gain Net Income | $345,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $421,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,198 |
| Printing and publications | $0 |
| Other expenses | $7,230 |
| Total operating and administrative expenses | $143,685 |
| Contributions, gifts, grants paid | $159,000 |
| Total expenses and disbursements | $302,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,310 |
| Net Accounts receivable | $976 |
| 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 | $451,650 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,977,565 |
| 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, Robert R Banks Foundation has awarded $159,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS PURPOSE: YOUTH SERVICES | $34,750 |
Yerington, NV PURPOSE: YOUTH SERVICES | $32,750 |
BOY SCOUTS OF AMERICA - NEVADA AREA COUNCIL PURPOSE: YOUTH SERVICES | $15,000 |
Reno, NV PURPOSE: YOUTH SERVICES | $15,000 |
Reno, NV PURPOSE: YOUTH SERVICES | $10,000 |
Gardnerville, NV PURPOSE: YOUTH SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Jewish Home For The Aging Reseda, CA | $249,529,041 | $31,396,356 |
Common Counsel Foundation Oakland, CA | $96,797,040 | $85,692,119 |
Charitable Ventures Of Orangecounty Inc Santa Ana, CA | $10,052,402 | $22,734,403 |
Jacobs Center For Neighborhood Innovation San Diego, CA | $67,799,135 | $4,267,167 |
Horizons Foundation San Francisco, CA | $41,480,128 | $8,470,990 |
Satellite Affordable Housing Associates Property Management Berkeley, CA | $2,977,079 | $7,479,132 |
Impact Online Inc Pleasanton, CA | $7,315,523 | $8,512,412 |
Upstart Bay Area Oakland, CA | $5,268,133 | $7,572,356 |
Power California Los Angeles, CA | $5,114,857 | $3,690,526 |
Long Beach Nonprofit Partnership Long Beach, CA | $993,393 | $3,069,719 |
La Union Del Pueblo Entero Keene, CA | $5,952,315 | $4,158,568 |
Compasspoint Nonprofit Services San Francisco, CA | $4,915,311 | $4,789,548 |