Overview
What is Friends Of Bananas Inc?
Friends of Bananas Inc. is a charitable nonprofit organization based in Oakland, California, with an address at 5232 Claremont Avenue, 94618. Its primary mission is to support and oversee the maintenance of a building that houses Bananas Inc., as well as other nonprofit organizations. This organization operates with the aim of providing administrative assistance and ensuring the building's upkeep to facilitate the smooth functioning of these nonprofit entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Friends Of Bananas Inc has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its financial practices and overall accountability. While the organization boasts a fully independent board and has established various policies such as conflict of interest and whistleblower protections, these strengths are overshadowed by its poor financial performance metrics.
Notably, the group's program expense ratio is reported at 0.00%, suggesting that it may not be allocating any funds towards its stated programs, which raises questions about its effectiveness and operational transparency. Additionally, the liabilities to assets ratio stands at 76.13%, reflecting potential financial instability.
Overall, while Friends Of Bananas Inc has some robust governance practices, the lack of financial transparency and programmatic spending poses significant limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Bananas Inc legitimate?
Friends Of Bananas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Bananas Inc 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
What is the mission statement of Friends Of Bananas Inc?
Friends of Bananas Inc., as a charitable organization, was established with the primary purpose of purchasing, managing, and overseeing the maintenance of a building that houses BANANAS Inc. and various other nonprofit organizations. The mission of Friends of Bananas Inc. is centered around providing a supportive environment for these nonprofits, ensuring their administrative needs are met and the building remains in good condition. This mission serves to empower these organizations in their respective charitable pursuits.
Who is the CEO of Friends Of Bananas Inc?
Kyle Schriner is the President of Friends Of Bananas Inc.
What is the revenue of Friends Of Bananas Inc?
Friends Of Bananas Inc's revenue in 2022 was $62,093.
Who are the executives of Friends Of Bananas Inc and what are their salaries?
There 5 volunteers at Friends Of Bananas Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Friends Of Bananas Inc?
Friends Of Bananas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Bananas Inc
Friends of Bananas, Inc., or FOB, is a charitable organization with a mission to contribute to the greater good. Established with the primary objective, FOB aims to purchase, manage, and oversee the maintenance of a building that houses various nonprofit organizations. This includes BANANAS, Inc., and other charitable entities, ensuring their operational needs are met effectively. By providing administrative oversight, FOB ensures these organizations can focus on their respective missions, unburdened by facilities management concerns. In essence, Friends of Bananas, Inc. serves as a supportive foundation, fostering the growth and success of other nonprofit organizations by managing their physical infrastructure needs.
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Impact
August, 2024
Friends Of Bananas Inc's impact is focused on community improvement through providing administrative oversight, purchasing, and supervising the maintenance of a building housing BANANAS Inc. and other nonprofit organizations. By supporting the infrastructure and operations of these organizations, Friends Of Bananas Inc plays a crucial role in facilitating their activities and ultimately contributing to the betterment of the community in Oakland, CA.
This information is meant to be a general summary of Friends Of Bananas Inc. 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.
- Gross Receipts: $180,100
Assets and Liabilities:
- Total Assets: $1,406,068
- Total Liabilities: $1,237,223
- Net Assets: $168,845
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Organization Details
Founding Year
2005
Phone
(510) 658-7353Principal Officer
Kyle Schriner
Main Address
5232 Claremont Avenue, Oakland, CA, 94618
NTEE Category
Code: S99 - Community improvement
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