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Ryan Banks Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473666107 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Ryan Banks Academy?

Ryan Banks Academy is a nonprofit institution situated in an urban setting, offering tuition-free education for underprivileged children in grades 7 through 12. The academy stands out with its comprehensive and forward-thinking STEAM curriculum, integrating social-emotional learning. This holistic approach aims to empower students, enabling them to rise above poverty and emerge as future leaders. The academy provides a residential boarding school setting, ensuring a supportive environment for its students' personal and academic growth.


Official website here: www.ryanbanksacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Ryan Banks Academy has received a Two-Star rating from Charity Navigator, reflecting a score of 67% primarily based on its Accountability & Finance practices. The organization excels in having a fully independent board and demonstrates a strong financial position with a 0.00% liabilities to assets ratio. However, the absence of financial statements and certain policies like whistleblower and document retention hinder its overall score, indicating areas for significant improvement in financial transparency.

User reviews from Great Nonprofits highlight a strong community perception and support for Ryan Banks Academy, with volunteers praising its mission to establish a tuition-free boarding school in Chicago. The organization is recognized for its commitment to helping students from unstable home environments, addressing the concerning dropout rates in the Chicago Public Schools system. Volunteers express pride in contributing to the academy’s ambitious goals and acknowledge the dedication of its leadership.

While feedback from users is overwhelmingly positive, indicating a passionate and effective team, the organization's performance in financial transparency as noted by Charity Navigator suggests that addressing these gaps could enhance its credibility and effectiveness. Overall, Ryan Banks Academy is seen as a valuable initiative with the potential for significant impact, but it would benefit from improving its financial reporting and governance practices.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Ryan Banks Academy legitimate?

Ryan Banks Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryan Banks Academy submitted a form 990EZ, 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.


Official website here: www.ryanbanksacademy.org

What is the mission statement of Ryan Banks Academy?

Ryan Banks Academy, a tuition-free institution, serves as a residential boarding school for underserved children in grades 7 through 12. The academy's mission is to equip these students with a high-quality, forward-thinking STEAM curriculum, integrating social-emotional education. By doing so, it aims to empower its students, helping them rise above poverty and prepare to lead the next generation. The academy's mission is to provide these children with the necessary tools and support, enabling them to reach their full potential.


Official website here: www.ryanbanksacademy.org

Who is the CEO of Ryan Banks Academy?

Unavailable


Official website here: www.ryanbanksacademy.org

What is the revenue of Ryan Banks Academy?

Ryan Banks Academy's revenue in 2023 was $39,595.


Official website here: www.ryanbanksacademy.org

Who are the executives of Ryan Banks Academy and what are their salaries?


Here are 12 key members and their salaries:


Ann Zeiler (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Swaback (Operations Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lionel Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Berry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Churchwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alton Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Kiernan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Manning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Moreno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melania Priest (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jasmine Porter Rawlins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ryanbanksacademy.org

Where can I find the form 990EZ for Ryan Banks Academy?

Ryan Banks Academy's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.ryanbanksacademy.org

Learn more at the official website: www.ryanbanksacademy.org

Mission Statement of Ryan Banks Academy

Ryan Banks Academy, a nonprofit organization, offers a tuition-free, co-educational residential boarding school for underserved children in grades 7 through 12. Its mission is to equip these students with a high-quality, forward-thinking STEAM curriculum, integrating social-emotional education. This holistic approach aims to empower these children, helping them rise above poverty and emerge as the leaders of the next generation. By blending academic excellence with emotional growth, Ryan Banks Academy aspires to propel its students towards a prosperous future.

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Impact




October, 2024

Ryan Banks Academy has a transformative impact by offering a unique educational opportunity to underserved children in grades 7 through 12. Located in Chicago, the academy provides a tuition-free, co-ed residential boarding school experience that combines a robust STEAM curriculum with social-emotional learning. This comprehensive approach not only equips students with essential academic skills but also fosters personal growth, resilience, and leadership qualities.

By focusing on both education and emotional well-being, Ryan Banks Academy helps students overcome barriers associated with poverty, empowering them to envision brighter futures. The integration of a future-facing curriculum ensures that students are prepared for the evolving demands of the workforce, while the supportive environment nurtures their aspirations and personal development. Ultimately, the academy plays a vital role in cultivating the next generation of leaders, driving positive change within their communities and beyond.




This information is meant to be a general summary of Ryan Banks Academy. 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.

Revenue
$39,595 (2023)
Expenses
$300,448 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $39,595

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Main Address

5401 SOUTH WENTWORTH, CHICAGO, IL, 606096300

NTEE Category

Code: B25 - Education

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