2024-02-09T09:10:12-06:00 2023-07-31 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-01-01 411922813 The Banyan Foundation BANY 6127228512 2529 13th Avenue South Minneapolis MN 55404 Carl Schlueter Executive Director 6127228512 2024-02-06 1 Carl Schlueter XXX-XX-XXXX 0 Steven D Anseth CPA P00552219 9528359090 2024-01-30 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Banyan Community Carl Schlueter 2529 13th Avenue South Minneapolis MN 55404 1038479 0 X www.BanyanCommunity.org X 1998 MN The Banyan Community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community. 10 10 34 42 0 0 7923540 996832 0 0 426 41647 87604 -32648 8011570 1005831 167275 0 0 0 1227961 785314 22325 22158 184979 831861 410928 2249422 1218400 5762148 -212569 6597553 6537244 970326 83224 5627227 6454020 The Banyan Community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community. 0 0 687657 Youth Services inspires young people to invest in themselves in education and community. Youth are prepared to meet the challenges of adolescence and adulthood through programs that cultivate social, emotional, and educational growth. Our youth have fun while they develop into committed learners and reconciled people. Youth attend programs to succeed in school, build life skills, develop assets, and cultivate healthy relationships. 57550 Family Services brings hope to families by strengthening the relationship between parents and children. Our families have close bonds that enable us to work together towards a brighter future. The Organization helps parents become advocates for their children in all arenas of life, while children become an inspiration to their parents. The Organization's families are future-oriented because they see that their future is bright. 152553 Community Services is an essential part of the Organization's mission and is inseparable from the strength of our families and the success of our youth. The Organization connects members of the neighborhood with each other, creating bonds that encourage communication and belonging. Building trust between residents, and training leaders on every block, brings hope and safety to every home. The Organization acts as a resource hub, connecting residents with support systems and equipping them as leading citizens. 897760 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 5 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X Dan Olthoff 9523225020 2529 13th Avenue South Minneapolis MN 55404 Judy Pennington Board Chair 1.00 X X 0 0 0 Andrew Bingenheimer Vice Chair 1.00 X X 0 0 0 Michael O'Keefe Secretary 1.00 X X 0 0 0 Margaret Murphy Treasurer 1.00 X X 0 0 0 Erica Messmer Director 1.00 X 0 0 0 Hanan Osman Director 1.00 X 0 0 0 Larry Lucio Director 1.00 X 0 0 0 BJ Coleman Director 1.00 X 0 0 0 Sharon Smith-Akinsanya Director 1.00 X 0 0 0 Becky Torres Director 1.00 X 0 0 0 Carl Schlueter Executive Director 40.00 1.00 X 63462 0 1904 Dan Olthoff Director of Finance 32.00 1.00 X 45600 0 1368 109062 0 3272 0 0 0 0 0 63635 248782 684415 160000 996832 41647 41647 0 63635 32648 -32648 -32648 1005831 0 0 8999 112334 81318 12290 18726 554063 401083 60616 92364 68825 51956 6449 10420 50092 34163 6662 9267 7534 5688 706 1140 3340 487 2853 22158 22158 34358 29107 5251 28194 20020 1881 6293 51225 35889 4058 11278 66909 62917 2725 1267 3927 3927 104563 96728 5350 2485 21372 20374 681 317 Curriculum and Activiti 57723 57723 Staff Development 27582 21286 2283 4013 New Market Tax Credit F 4051 4051 Food Service Supplies 150 150 1218400 897760 135661 184979 363595 53230 892574 907524 531112 380177 112844 3000 10050 6177179 1374713 4803166 4802466 4106 270953 6597553 6537244 943826 72457 26500 10767 970326 83224 X 5059037 5991049 568190 462971 5627227 6454020 6597553 6537244 X -212569 1039362 X X 0 1 X 1 0 X 1761089 1974539 2037989 1673425 933197 8380239 1761089 1974539 2037989 1673425 933197 8380239 621662 7758577 782 272 640 426 41647 43767 10232 10232 2361 2361 8436599 0.91960 0.94850 X Part II, Short Year Explanation: 2023 numbers represent results from 1/1/2023-7/31/2023 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 725000 725000 725000 725000 725000 725000 700000 25000 725000 435000 265000 700000 0 0 207704 207704 5339690 925482 4414208 629785 449231 180554 4802466 1005831 0 1005831 0 1005831 1218400 0 1218400 0 1218400 Part V, Line 4: The board of directors has set aside certain designated funds. They are an operating reserve of 615,000, an unemployment self-insurance reserve of 10,000, and a building and capital asset reserve of 100,000. X X X X X X X 1 Kaul Consulting LLC 3466 St Croix So PO Box 198 Afton MN 55001 Grant Writing 0 0 22159 -22159 22159 -22159 MN Spring Dinner 63635 63635 8500 19182 1032 3934 63635 63635 8500 19182 1032 3934 32648 -32648 Schedule G, Part I, Line 2b, Column (v) Payment for grant writing services rendered to the Organization. X 3 160000 Fair Market Value 0 1 0 Form 990, Part VI, Section A, line 8b The Organization does not have any committees which have the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The 990 is presented to the finance committee of the board of directors. The finance committee meets with our independent auditor to review and ask questions. The finance committee makes a recommendation to the board of directors to approve form 990 and the board makes a motion to approve it. Form 990, Part VI, Section B, line 12c The conflict of interest policy is presented verbally and in writing to each new employee and board member, who must read and sign it. Annually, the policy is presented again and each employee and board member is asked to sign an annual renewal form. The policy is written so employees and board members are obligated to report any changes in conflict of interest. Also, supervisors are asked to observe and report any potential conflicts to the executive director. If any conflicts are noted, they are to be made to the board chair who will bring the matter to the board. Form 990, Part VI, Section B, line 15a The most recent publication of the Minnesota Council of Nonprofits salary and benefit summary is obtained and reviewed for comparable salary and position description. The executive director and the executive committee use this information, plus performance evaluations, to determine salary. Proposed staff salaries are presented to the finance committee and then to the board of directors for approval. The executive committee and the finance committee receive the same pertinent information regarding the executive director in order to evaluate and determine the ED's salary. The information is presented to the board of directors for approval. Form 990, Part VI, Section C, line 19 The Organization will provide copies of its governing documents upon request. The documents are also posted on Guidestar and the Minnesota Charities Review Council website. Form 990, Part XI, line 9: Adjustment to net assets due to dissolution of controlled entity 1,039,362. Form 990, Part XII, Line 2c: This process has not changed from the prior year Banyan Investment Corporation 2529 13th Avenue South Minneapolis MN 55404 475245046 Support the Banyan Foundation monetarily MN 501(c)(3) Line 12a, I The Banyan Foundation 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 Banyan Investment Corporation S 1039361 Total Net Assets at Dissolution