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Nonprofit · EIN 46-1909334

BANNER LEARNING CORP - CHICAGO

Also known as BANNER ACADEMY

Tax-exempt · BOCA RATON, FL 33432

Financials

$553K$485K2024
Revenue Expenses · by fiscal year end
Financials of BANNER LEARNING CORP - CHICAGO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$553,479$485,181$68,298$728,247$428,477$299,770
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$32,371
Program service revenue
$486,000
Investment income
$13,957
Other revenue
$21,151

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,000
Occupancy
$16,385
Travel
$61,858
Depreciation
$9,015
Program services (functional)
$485,181

Balance sheet and other

Total assets, start of year
$659,949
Total assets, end of year
$728,247
Total liabilities, end of year
$428,477
Net assets, end of year
$299,770
Land, buildings and equipment
$25,542
Gross receipts
$553,479
Employees
0
Volunteers
0
Year formed
2013
State of legal domicile
IL

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BARRY L COHENVP/TREASURER
Trustee or director, Officer
30$0
ERIC CARLTONPRESIDENT/DIRECTOR
Trustee or director, Officer
20$0
CEILY MOOREVP/SECRETARY
Trustee or director
20$0

Address and contacts

Address (IRS master file)
315 SE MIZNER BLVD STE 207, BOCA RATON, FL 33432-6086
In care of
% BARRY L COHEN
Principal officer (990 for 2024)
ERIC A CARLTON, 315 SE MIZNER BLVD 207, BOCA RATON, FL 33432
Signed the 990
ERIC A CARLTON, PRESIDENT
Phone
(561) 338-6846
Return prepared by
KATZ & ASSOCIATES PA

Mission

THE ORGANIZATION PROVIDES ALTERNATIVE EDUCATIONAL SERVICES FOR STUDENTS IN ECONOMICALLY DISADVANTAGED URBAN AREAS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OPERATED A WORKFORCE DEVELOPMENT PROGRAM UNDER AGREEMENT WITH AND WITHIN A MICHIGAN PUBLIC SCHOOL DISTRICT. THE WORKFORCE DEVELOPMENT PROGRAM IS BASED ON AN ENTREPRENEURIAL PLATFORM WHERE STUDENTS START MICROBUSINESSES WHILE LEARNING, DEVELOPING AND ACQUIRING WORKFORCE SKILLS.
    Expenses $485,181 · revenue $521,108
  • THE ORGANIZATION OPERATED A WORKFORCE DEVELOPMENT PROGRAM UNDER AGREEMENT WITH AND WITHIN A MICHIGAN PUBLIC SCHOOL DISTRICT. THE WORKFORCE DEVELOPMENT PROGRAM IS BASED ON AN ENTREPRENEURIAL PLATFORM WHERE STUDENTS START MICROBUSINESSES WHILE LEARNING, DEVELOPING AND ACQUIRING WORKFORCE SKILLS
  • THE ORGANIZATION OPERATED A WORKFORCE DEVELOPMENT PROGRAM UNDER AGREEMENT WITH AND WITHIN A MICHIGAN PUBLIC SCHOOL DISTRICT. THE WORKFORCE DEVELOPMENT PROGRAM IS BASED ON AN ENTREPRENEURIAL PLATFORM WHERE STUDENTS START MICROBUSINESSES WHILE LEARNING, DEVELOPING AND ACQUIRING WORKFORCE SKILLS

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1909334
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$728,247
Income (IRS master file)
$553,479

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$502,000$370,403$659,949IRS
990December 2022$1,179,152$1,100,999$528,352IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BANNER LEARNING CORP - CHICAGO

What is the EIN of BANNER LEARNING CORP - CHICAGO?
The employer identification number (EIN) of BANNER LEARNING CORP - CHICAGO is 46-1909334.
Is BANNER LEARNING CORP - CHICAGO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to BANNER LEARNING CORP - CHICAGO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BANNER LEARNING CORP - CHICAGO 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 BANNER LEARNING CORP - CHICAGO due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BANNER LEARNING CORP - CHICAGO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BANNER LEARNING CORP - CHICAGO?
The 990 for the year ended December 31, 2024 names ERIC A CARLTON.
Who are the officers and directors of BANNER LEARNING CORP - CHICAGO?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does BANNER LEARNING CORP - CHICAGO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $553,479, expenses of $485,181 and total assets of $728,247 at year end.

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