Nonprofit · EIN 84-1801722
JIMMY BANKS ACADEMY INC
Tax-exempt · MILWAUKEE, WI 53210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $109,435 | $110,051 | -$616 | $809 | $425 | $384 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,879
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $86,556
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $3,874
- Professional fees and payments to contractors
- $15,021
- Occupancy
- $200
- Printing, publications and postage
- $301
- Other expenses
- $90,655
- Program services (functional)
- $110,051
Balance sheet and other
- Total assets, start of year
- $1,000
- Total assets, end of year
- $809
- Total liabilities, end of year
- $425
- Net assets, end of year
- $384
- Cash, savings and investments
- $809
- Gross receipts
- $109,435
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Demetrius Banks | CEO and Executive Director | 20 | $0 |
| La Toya Wimpie | Board Chair and Executive Secretary | 20 | $0 |
| Jordan Banks | Treasurer | 2 | $0 |
| Jimmy Banks | Board Member | 2 | $0 |
| Christopher Perceptions | Board Member | 2 | $0 |
| Datherene Gant | Board Member | 2 | $0 |
| Kenneth Gold | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2847 N 49TH ST, MILWAUKEE, WI 53210-1652
- In care of
- % DEMETRIUS BANKS
- Mailing address (990-N for 2023)
- 2847 N 49TH ST, Milwaukee WI 53210
- Principal officer (990-N for 2023)
- Demetrius Banks Sr, 2845 N 49th Street, Milwaukee WI 53210
- Signed the 990-EZ
- La Toya Wimpie, Executive Secretary
- Phone
- (414) 323-2338
Mission
Youth Amateur Sports & Youth Development
Program accomplishments
- Soccer Academy ~ Used soccer to equip essential life skills ~ self-awareness/discipline, good communication, conflict resolution, teamwork, respect, and leadership in 55 youth ages 5-17 from Milwaukee County & SE WI. ? help Provided soccer development and coach training. Distributed new soccer equipment to youth participants.Expenses $60,000 · grants $60,000
- 4Ward Education Academy ~ Distributed literacy material and resources, held goal-setting workshops to support youth academic and economic success. Launched an 8-Week Financial Literacy Program for 75 youth & encouraged them to share with parents, as well as provided financial literacy resources to 100 participants.Expenses $30,000 · grants $30,000
- Mentorship Academy ~ Held support sessions for 55 youth to write & work on personal visions. Hosted 10 career development and readiness trainings. Created 4 internship opportunities. Employed 3 youth via workforce partnerships. Provided 137 new coats. All initiatives help the youth we serve have a brighter future.Expenses $20,051 · grants $20,051
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 84-1801722
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $809
- Income (IRS master file)
- $109,435
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $109,435 | $110,051 | $809 | IRS |
| 990-N for 2023 Officer: Demetrius Banks Sr | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Demetrius Banks Sr | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Demetrius Banks | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Demetrius Banks | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-1801722).
Questions about JIMMY BANKS ACADEMY INC
- What is the EIN of JIMMY BANKS ACADEMY INC?
- The employer identification number (EIN) of JIMMY BANKS ACADEMY INC is 84-1801722.
- Is JIMMY BANKS ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to JIMMY BANKS ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JIMMY BANKS ACADEMY INC 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 JIMMY BANKS ACADEMY INC 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 JIMMY BANKS ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of JIMMY BANKS ACADEMY INC?
- The 990-N for 2023 names Demetrius Banks Sr.
- Who are the officers and directors of JIMMY BANKS ACADEMY INC?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does JIMMY BANKS ACADEMY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $109,435, expenses of $110,051 and total assets of $809 at year end.
Other nonprofits in MILWAUKEE
- BOYS AND GIRLS CLUB OF GREATER MILWAUKEE INC EIN 39-0806292 · last filed 990 for 2024
- GIRL SCOUTS OF WISCONSIN SOUTHEAST INC EIN 39-0892833 · last filed 990 for 2025
- RUNNING REBELS COMMUNITY ORGANIZATION INC EIN 39-3910464 · last filed 990 for 2025
- STRYV365 EIN 84-4055860 · last filed 990 for 2024
- CENTER FOR SELF SUFFICIENCY INC EIN 33-1118674 · last filed 990 for 2023
- LIGHTHOUSE YOUTH CENTER INC EIN 20-3390217 · last filed 990 for 2024
- GIRLS ON THE RUN SOUTHEASTERN WISCONSIN INC EIN 26-0403812 · last filed 990 for 2025
- CARITAS FOR CHILDREN INC EIN 39-1975608 · last filed 990 for 2025