Nonprofit · EIN 88-2916086
BANNER NORTHLAKE THERAPEUTIC INC
Tax-exempt · BOCA RATON, FL 33432
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,990,919 | $3,038,620 | -$47,701 | $903,215 | $1,071,162 | -$167,947 |
| December 31, 2023 | 990 | $2,149,362 | $2,197,139 | -$47,777 | $600,825 | $721,071 | -$120,246 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,990,919
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $488,634
- Other salaries and wages
- $1,656,289
- Salaries, compensation and benefits (total)
- $2,289,817
- Professional fundraising fees
- $0
- Occupancy
- $176,377
- Depreciation
- $192
- Program services (functional)
- $3,038,620
Balance sheet and other
- Total assets, start of year
- $600,825
- Total assets, end of year
- $903,215
- Total liabilities, end of year
- $1,071,162
- Net assets, end of year
- -$167,947
- Land, buildings and equipment
- $688
- Gross receipts
- $2,990,919
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC CARLTON | PRESIDENT Trustee or director | 30 | $200,000 |
| BARRY COHEN | VICE PRESIDENT Trustee or director | 30 | $200,000 |
| COREY SHANNON | VICE PRESIDENT Trustee or director | 30 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC CARLTON | PRESIDENT Trustee or director | 30 | $149,500 |
| BARRY COHEN | VICE PRESIDENT Trustee or director | 30 | $149,500 |
| COREY SHANNON | VICE PRESIDENT Trustee or director | 30 | $149,500 |
Address and contacts
- Address (IRS master file)
- 315 SE MIZNER BLVD STE 207, BOCA RATON, FL 33432-6086
- In care of
- % BARRY COHEN
- Principal officer (990 for 2024)
- BARRY L COHEN, 315 SE MIZNER BLVD 207, BOCA RATON, FL 33432
- Signed the 990
- BARRY L COHEN, VICE PRESIDENT
- Phone
- (847) 245-6526
- Website
- WWW.BANNERNORTHLAKE.ORG
- Return prepared by
- KATZ & ASSOCIATES PA
Mission
BANNER NORTHLAKE THERAPEUTIC OPERATES A THERAPEUTIC DAY SCHOOL IN LAKE VILLA, ILLINOIS. THE SCHOOL SERVES STUDENTS WITH DISABILITIES, PRIMARILY EMOTIONAL AND BEHAVIOR DISORDERS. THEORGANIZATION BEGAN OPERATING THE SCHOOL IN AUGUST 2022.
Program accomplishments
- BANNER NORTHLAKE THERAPEUTIC OPERATES A THERAPEUTIC DAY SCHOOL IN LAKE VILLA, ILLINOIS. THE SCHOOL SERVES STUDENTS WITH DISABILITIES, PRIMARILY EMOTIONAL AND BEHAVIOR DISORDERS. THEORGANIZATION BEGAN OPERATING THE SCHOOL IN AUGUST 2022.Expenses $3,038,620 · revenue $2,990,919
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-2916086
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $903,215
- Income (IRS master file)
- $2,990,919
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,990,919 | $3,038,620 | $903,215 | XML |
| 990 | December 2023 | $2,149,362 | $2,197,139 | $600,825 | XML |
| 990 | December 2022 | $361,812 | $434,281 | $353,794 | 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 88-2916086).
Questions about BANNER NORTHLAKE THERAPEUTIC INC
- What is the EIN of BANNER NORTHLAKE THERAPEUTIC INC?
- The employer identification number (EIN) of BANNER NORTHLAKE THERAPEUTIC INC is 88-2916086.
- Is BANNER NORTHLAKE THERAPEUTIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BANNER NORTHLAKE THERAPEUTIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANNER NORTHLAKE THERAPEUTIC 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 BANNER NORTHLAKE THERAPEUTIC 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 BANNER NORTHLAKE THERAPEUTIC INC 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 NORTHLAKE THERAPEUTIC INC?
- The 990 for the year ended December 31, 2024 names BARRY L COHEN.
- Who are the officers and directors of BANNER NORTHLAKE THERAPEUTIC INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $200,000 (ERIC CARLTON, PRESIDENT).
- How much revenue does BANNER NORTHLAKE THERAPEUTIC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,990,919, expenses of $3,038,620 and total assets of $903,215 at year end.
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