Robert R Banks Foundation

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.

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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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

Grants Awarded

Over the last fiscal year, Robert R Banks Foundation has awarded $159,000 in support to 12 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS

PURPOSE: YOUTH SERVICES

$34,750

BOYS AND GIRLS CLUB OF MASON VALLEY

Org PageRecipient Profile

Yerington, NV

PURPOSE: YOUTH SERVICES

$32,750

BOY SCOUTS OF AMERICA - NEVADA AREA COUNCIL

PURPOSE: YOUTH SERVICES

$15,000

ASSISTANCE LEAGUE OF RENO-SPARKS

Org PageRecipient Profile

Reno, NV

PURPOSE: YOUTH SERVICES

$15,000

GIRL SCOUTS OF SIERRA NEVADA

Org PageRecipient Profile

Reno, NV

PURPOSE: YOUTH SERVICES

$10,000

MEFIYI FOUNDATION

Org PageRecipient Profile

Gardnerville, NV

PURPOSE: YOUTH SERVICES

$10,000
View Grant Profile

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