Overview
What is The Banyan Foundation?
The Banyan Foundation, as referred to as Banyan Community, is a nonprofit organization situated in Minneapolis, Minnesota. Their primary focus lies in youth development, aiming to empower young individuals through educational and community programs. These initiatives encourage personal growth, fostering social, emotional, and academic skills. The youth engage in these activities, ultimately setting them up for success in school, enhancing their life skills, and cultivating healthy relationships. The Banyan Foundation extends its reach beyond youth, with a commitment to strengthening families and creating a thriving, cohesive community in a low-income urban neighborhood. With a team of 45 dedicated individuals, the organization strives to make a significant impact in its community.
Official website here: www.banyancommunity.org
What are the reviews and ratings of this charity?
**The Banyan Foundation**
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
The Banyan Foundation has achieved an impressive four-star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization excels in its governance, with 100% independent board members and robust financial oversight. Key metrics such as a strong program expense ratio of over 75% further demonstrate its commitment to effectively utilizing funds for its mission.
Strengths highlighted in the rating include comprehensive policies on conflict of interest and whistleblower practices, contributing to a well-structured operation. The foundation's engagement in feedback collection and usage has also been positively noted, showcasing a commitment to improving service experiences based on community input. The organization scores exceptionally in equity strategies and data, emphasizing inclusivity and fair practices within its operations.
Currently, there are no user reviews available from GreatNonprofits to provide additional insights into public sentiment. Nevertheless, the detailed metrics and strong performance indicators suggest that The Banyan Foundation is a trustworthy organization with significant operational strengths.
This AI summary has been generated from information found on Charity Navigator.
Is The Banyan Foundation legitimate?
The Banyan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Banyan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $160,270
Professional Fundraising Fees: $22,325
Other Salaries and Wages: $911,574
For more financial information, click here
Official website here: www.banyancommunity.org
What is the mission statement of The Banyan Foundation?
The Banyan Foundation, as a community development organization, focuses its mission and activities in low-income urban neighborhoods. Its primary objectives are to foster youth development, strengthen families, and establish a strong and vibrant community. Through its Youth Services, the organization encourages young people to invest in their education and personal growth. The programs aim to equip them with essential life skills, helping them navigate the challenges of adolescence and adulthood. By attending these programs, youth can excel in school, build resilience, cultivate valuable assets, and establish healthy relationships.
Official website here: www.banyancommunity.org
Who is the CEO of The Banyan Foundation?
Carl Schlueter is the Director of The Banyan Foundation.
Official website here: www.banyancommunity.org
What is the revenue of The Banyan Foundation?
The Banyan Foundation's revenue in 2022 was $7,923,966.
Official website here: www.banyancommunity.org
Who are the executives of The Banyan Foundation and what are their salaries?
The average compensation at The Banyan Foundation during 2022 was $23,819. There are 45 employees and 13 volunteers at The Banyan Foundation.
Here are 11 key members and their salaries:
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- Other: $2,326
- Compensation: $78,902
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- Other: $1,523
Official website here: www.banyancommunity.org
Where can I find the form 990 for The Banyan Foundation?
The Banyan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.banyancommunity.org
Learn more at the official website: www.banyancommunity.org
Mission Statement of The Banyan Foundation
The Banyan Foundation, as a community development organization, is dedicated to its mission in a low-income urban neighborhood. Its primary focus is on three key areas: nurturing youth, fortifying families, and fostering a thriving, vibrant community. Through its youth services, The Banyan Foundation encourages young individuals to invest in their own personal growth, particularly in education. The programs aim to prepare these young people for the challenges they will face during adolescence and adulthood. By engaging in these activities, they not only develop academically but also enhance their social, emotional, and relational skills.
The Banyan Foundation's efforts extend beyond youth development. It also seeks to strengthen families within the community. By offering programs that promote life skills, asset building, and healthy relationships, families are better equipped to navigate the complexities of life together. Ultimately, The Banyan Foundation's mission is to create a strong, resilient community where every member has the opportunity to thrive.
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Impact
July, 2024
The Banyan Foundation's impact is evident in the positive transformation it brings to the low-income urban neighborhood of Minneapolis, MN. Through its focus on youth development, family strengthening, and community building, The Banyan Foundation has successfully inspired young people to invest in themselves, cultivate essential life skills, excel in academics, and foster healthy relationships. By providing a space for youth to grow emotionally, socially, and educationally, The Banyan Foundation is creating a vibrant community where individuals are prepared to navigate the challenges of adolescence and adulthood with resilience and confidence.
This information is meant to be a general summary of The Banyan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $426
- Gross Receipts: $7,923,966
Assets and Liabilities:
- Total Assets: $6,597,553
- Total Liabilities: $970,326
- Net Assets: $5,627,227
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Organization Details
Founding Year
1998
Phone
(612) 722-8512Principal Officer
Carl Schlueter
Main Address
2529 13th Avenue South, Minneapolis, MN, 55404
Website
www.banyancommunity.orgNTEE Category
Code: S20 - Community improvement
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