Nonprofit · EIN 41-1922813
BANYAN FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $2,128,662 | $2,374,575 | -$245,913 | $6,121,657 | $80,502 | $6,041,155 |
| July 31, 2024 | 990 | $2,286,976 | $2,471,924 | -$184,948 | $6,361,123 | $74,055 | $6,287,068 |
| July 31, 2023 | 990 | $1,005,831 | $1,218,400 | -$212,569 | $6,537,244 | $83,224 | $6,454,020 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $2,109,390
- of which government grants
- $709,474
- Program service revenue
- $0
- Investment income
- $34,444
- Net gain from sales of assets
- -$5,024
- Net income from fundraising events
- -$15,172
- Other revenue
- -$15,172
Expenses
- Grants and similar amounts paid
- $162,570
- Compensation of officers, directors and key employees
- $145,888
- Other salaries and wages
- $995,804
- Salaries, compensation and benefits (total)
- $1,328,192
- Professional fundraising fees
- $39,420
- Legal fees
- $1,400
- Accounting fees
- $118,373
- Occupancy
- $154,222
- Depreciation
- $152,502
- Program services (functional)
- $2,028,858
- Management and general (functional)
- $57,672
- Fundraising (functional)
- $288,045
Balance sheet and other
- Total assets, start of year
- $6,361,123
- Total assets, end of year
- $6,121,657
- Total liabilities, end of year
- $80,502
- Net assets, end of year
- $6,041,155
- Land, buildings and equipment
- $4,486,972
- Net assets without donor restrictions
- $5,373,824
- Net assets with donor restrictions
- $667,331
- Gross receipts
- $2,148,858
- Employees
- 39
- Volunteers
- 22
- Year formed
- 1998
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carl Schlueter | Executive Director Officer | 40 | $116,390 | $9,914 |
| Judy Pennington 8124-123124 | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andrew Bingenheimer - Current | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Margaret Murphy | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Larry Lucio | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| BJ Coleman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Sharon Smith-Akinsanya | Director Trustee or director | 1 | $0 | $0 |
| Hanan Osman | Director Trustee or director | 1 | $0 | $0 |
| Mary Hibbs-Brennar | Director Trustee or director | 1 | $0 | $0 |
| Erica Messmer | Director Trustee or director | 1 | $0 | $0 |
| Hierald E Osorto | Director Trustee or director | 1 | $0 | $0 |
| Baribuma Kponi | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended July 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carl Schlueter | Executive Director Officer | 40 | $127,353 |
| Judy Pennington | Board Chair Trustee or director, Officer | 1 | $0 |
| Andrew Bingenheimer | Vice-Chair Trustee or director, Officer | 1 | $0 |
| Margaret Murphy | Treasurer Trustee or director, Officer | 1 | $0 |
| Larry Lucio | Secretary Trustee or director, Officer | 1 | $0 |
| Becky Torres | Director Trustee or director | 1 | $0 |
| Sharon Smith-Akinsanya | Director Trustee or director | 1 | $0 |
| Hanan Osman | Director Trustee or director | 1 | $0 |
| BJ Coleman | Director Trustee or director | 1 | $0 |
| Erica Messmer | Director Trustee or director | 1 | $0 |
| Hierald E Osorto | Director Trustee or director | 1 | $0 |
990 for the year ended July 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carl Schlueter | Executive Director Officer | 40 | $63,462 | $1,904 |
| Dan Olthoff | Director of Finance Officer | 32 | $45,600 | $1,368 |
| Judy Pennington | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andrew Bingenheimer | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael O'Keefe | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Margaret Murphy | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Erica Messmer | Director Trustee or director | 1 | $0 | $0 |
| Hanan Osman | Director Trustee or director | 1 | $0 | $0 |
| Larry Lucio | Director Trustee or director | 1 | $0 | $0 |
| BJ Coleman | Director Trustee or director | 1 | $0 | $0 |
| Sharon Smith-Akinsanya | Director Trustee or director | 1 | $0 | $0 |
| Becky Torres | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2529 13TH AVE S, MINNEAPOLIS, MN 55404-4506
- In care of
- % JOANI ESSENBURG
- Principal officer (990 for 2024)
- Carl Schlueter, 2529 13th Avenue South, Minneapolis, MN 55404
- Signed the 990
- Carl Schlueter, Executive Director
- Phone
- (612) 722-8512
- Website
- www.BanyanCommunity.org
- Return prepared by
- Abdo LLP
Mission
To transform lives by developing youth, strengthening families, and creating community.
Program accomplishments
- Youth Services inspires young people to invest in themselves, 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. Youth attend programs to succeed in school, build life skills, develop assets, and cultivate healthy relationships.Expenses $1,487,817 · grants $162,570
- 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 connections 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.Expenses $356,993
- Family Services fosters hope with families by strengthening the relationship between parents and children. Our families have close bonds with staff 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 and realize the new life-changing opportunities before them.Expenses $184,048
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 41-1922813
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $6,121,657
- Income (IRS master file)
- $2,148,858
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $2,128,662 | $2,374,575 | $6,121,657 | XML |
| 990 | July 2024 | $2,286,976 | $2,471,924 | $6,361,123 | XML |
| 990 | July 2023 | $1,005,831 | $1,218,400 | $6,537,244 | XML |
| 990 | December 2022 | $7,923,966 | $2,249,422 | $6,597,553 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1922813).
Questions about BANYAN FOUNDATION
- What is the EIN of BANYAN FOUNDATION?
- The employer identification number (EIN) of BANYAN FOUNDATION is 41-1922813.
- Is BANYAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BANYAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANYAN FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANYAN FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANYAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of BANYAN FOUNDATION?
- The 990 for the year ended July 31, 2025 names Carl Schlueter.
- Who are the officers and directors of BANYAN FOUNDATION?
- The 990 for the year ended July 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $116,390 (Carl Schlueter, Executive Director).
- How much revenue does BANYAN FOUNDATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $2,128,662, expenses of $2,374,575 and total assets of $6,121,657 at year end.
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