Overview
What is Banyan Investment Corporation?
Banyan Investment Corporation is a charitable organization, situated in Minneapolis, Minnesota, with a postal address at 2529 13th Avenue South, 55404. Its primary objective is to contribute to and bolster the activities of Banyan Community, a nonprofit entity also known as Banyan Foundation. The Corporation's mission aligns with Banyan Community's purpose, aiming to provide support and assistance in carrying out its charitable and educational goals. The Corporation's operations are dedicated to furthering the cause of Banyan Community.
Official website here: www.banyancommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Banyan Investment Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 77% overall, calculated entirely from its Accountability & Finance beacon score. This score reflects strong performance in various areas, such as a perfect score in material diversion of assets, indicating no significant issues in this regard.
The organization demonstrates a commitment to transparency and good governance, as evidenced by its policies on conflict of interest, whistleblowing, and document retention, all of which received full points. Additionally, Banyan boasts a remarkable program expense ratio of 99.67%, suggesting that nearly all of its expenditures are directed towards its programs, which is a positive sign for donors concerned about fund allocation.
However, while the accountability and finance scores are commendable, it is worth noting that the overall rating is based on a single beacon score. This may limit a comprehensive view of the organization's overall effectiveness, as other aspects such as impact metrics or community feedback are not included in this evaluation. Potential donors should consider this when assessing the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Banyan Investment Corporation legitimate?
Banyan Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banyan Investment Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.banyancommunity.org
What is the mission statement of Banyan Investment Corporation?
The primary purpose of Banyan Investment Corporation is to aid and assist Banyan Foundation, operating under the name Banyan Community, in achieving its mission. The organization is established with the objective of supporting the charitable and educational endeavors of Banyan Community. Its role is to bolster the functions and carry out the objectives of Banyan Community, contributing to its overall mission. However, the specific mission statement of Banyan Community is not provided in the given information, so I'm unable to elaborate on that aspect.
Official website here: www.banyancommunity.org
Who is the CEO of Banyan Investment Corporation?
Carl Schlueter is the Chair of Banyan Investment Corporation.
Official website here: www.banyancommunity.org
What is the revenue of Banyan Investment Corporation?
Banyan Investment Corporation's revenue in 2022 was $51,231.
Official website here: www.banyancommunity.org
Who are the executives of Banyan Investment Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $78,902
- Other: $1,523
- Compensation: $0
- Related: $77,520
- Other: $2,326
Official website here: www.banyancommunity.org
Where can I find the form 990 for Banyan Investment Corporation?
Banyan Investment Corporation'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 Banyan Investment Corporation
Banyan Investment Corporation serves a vital role in supporting Banyan Foundation, also known as Banyan Community, in achieving its mission. Established with the sole purpose of aiding Banyan Community, Banyan Investment Corporation operates with the objective of furthering the charitable and educational initiatives of its sister organization. This investment corporation functions as a backbone, assisting Banyan Community in carrying out its objectives and fulfilling its mission.
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Impact
October, 2024
Banyan Investment Corporation plays a crucial role in empowering the Banyan Foundation, which operates under the name Banyan Community. By providing financial support and resources, it helps advance the community's mission of fostering positive social change. The corporation is dedicated to charitable and educational initiatives that contribute to the well-being and development of individuals and families in Minneapolis, MN.
Through its efforts, Banyan Investment Corporation strengthens the foundation's ability to carry out impactful programs that address the needs of the community, ensuring that essential services and educational opportunities are accessible to those it serves. This commitment to philanthropy not only enhances the quality of life for individuals but also promotes sustainable growth and resilience within the community.
This information is meant to be a general summary of Banyan Investment Corporation. 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: $51,231
- Gross Receipts: $51,231
Assets and Liabilities:
- Total Assets: $1,036,069
- Total Liabilities: $0
- Net Assets: $1,036,069
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Organization Details
Founding Year
2015
Phone
(612) 722-8512Principal Officer
Carl Schlueter
Main Address
2529 13th Avenue South, Minneapolis, MN, 55404
Website
www.banyancommunity.orgNTEE Category
Code: T11 - Philanthropy
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