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Nonprofit · EIN 92-2628707

BANANAS FOSTER INC

Tax-exempt · SAVANNAH, GA 31404

Financials

$112K$23K2023$273K$180K2024
Revenue Expenses · by fiscal year end
Financials of BANANAS FOSTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$273,242$179,614$93,628$187,740$4,804$182,936
December 31, 2023990-EZ$112,442$23,134$89,308$89,308$0$89,308
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$273,242
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$52,981
Compensation of officers, directors and key employees
$60,000
Other salaries and wages
$40,057
Salaries, compensation and benefits (total)
$108,045
Professional fundraising fees
$0
Legal fees
$170
Program services (functional)
$107,496
Management and general (functional)
$25,045
Fundraising (functional)
$47,073

Balance sheet and other

Total assets, start of year
$89,308
Total assets, end of year
$187,740
Total liabilities, end of year
$4,804
Net assets, end of year
$182,936
Net assets without donor restrictions
$182,936
Gross receipts
$273,242
Employees
4
Volunteers
1
Year formed
2023
State of legal domicile
GA

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
JOLIE CHABALAEXECUTIVE DIRECTOR
Officer
40$60,000
EMILY COLECHAIR
Trustee or director, Officer
20$0
SARAH TRUMLERTREASURER
Trustee or director, Officer
10$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Emily ColeCEO20$0
Sarah TrumlerCFO5$0
Jolie ChabalaExecutive Director40$0

Address and contacts

Address (IRS master file)
2934 BEE RD, SAVANNAH, GA 31404-4204
Principal officer (990 for 2024)
JOLIE CHABALA, 2934 BEE ROAD, SAVANNAH, GA 31404
Signed the 990
SARAH TRUMLER, TREASURER
Phone
(912) 712-2482
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

OUR MISSION IS CELEBRATING THE FOSTER CARE COMMUNITY WHILE EDUCATING AND INSPIRING OTHERS TO GET INVOLVED.

990 for the year ended December 31, 2024

Program accomplishments

  • GO BANANAS FOR GAMEDAY - BANANAS FOSTER CELEBRATES ONE FAMILY/INDIVIDUAL THAT IS MAKING A DIFFERENCE IN THE FOSTER CARE COMMUNITY AT EVERY BANANA BALL GAME. WE GIVE THESE FAMILIES THE VIB TREATMENT BY INVITING THEM TO THE GAME, MEET AND GREET WITH THE PLAYERS AND CAST, AND IN RETURN WE SHARE THEIR STORY WITH A SOLD OUT CROWD. WE HOPE TO INSPIRE THIS CROWD TO TAKE ACTION AND MAKE A DIFFERENCE IN THE FOSTER CARE COMMUNITY. THIS PROGRAM PROVIDES TICKETS, MERCHANDISE, AND GIFTS TO THE FAMILIES THAT ARE BEING CELEBRATED. WE PERSONALIZE THE EXPERIENCE FOR THEM AND DO EVERYTHING WE CAN TO MAKE THEM FEEL LIKE A VIB - VERY IMPORTANT BANANA. IN 2024, WE CELEBRATED 93 FAMILIES/INDIVIDUALS THAT ARE MAKING A DIFFERENCE IN THE FOSTER CARE COMMUNITY. DURING THE SEASON, WE SHARED THEIR STORIES IN FRONT OF 1 MILLION FANS LIVE AND OVER 30 MILLION FANS ONLINE. WE TOOK THESE CELEBRATIONS COAST-TO-COAST BY CELEBRATING FAMILIES IN 29 STATES AND IN 6 MLB STADIUMS. OUR LONG-TERM GOAL FOR THIS PROGRAM WILL BE TO INSPIRE MILLIONS OF PEOPLE TO GET INVOLVED IN THE FOSTER CARE COMMUNITY. BY CELEBRATING THOSE ON THE FIELD, WE CAN INSPIRE MORE PEOPLE TO GET INVOLVED IN THE FOSTER CARE COMMUNITY AND ENCOURAGE THEM TO MAKE A DIFFERENCE WITH ORGANIZATIONS IN THEIR AREA. IN 2024, WE INSPIRED 140 PEOPLE TO REACH OUT TO BANANAS FOSTER DIRECTLY AND EXPRESS AN INTEREST IN BECOMING A FOSTER FAMILY. HOWEVER, WE KNOW THERE ARE OTHERS OUT THERE THAT DID NOT REACH OUT TO BANANAS FOSTER DIRECTLY AND BECAME LICENSED THROUGH THEIR COUNTY DUE TO THE CELEBRATION THEY SAW FROM THE ORGANIZATION. IN THE FUTURE, WE WILL CELEBRATE BFFS (BANANAS FOSTER FAMILIES) AT EVERY BANANA BALL GAME.
    Expenses $78,081 · grants $39,211
  • POTASSIUM CARE BASKETS - BECAUSE WE ONLY CELEBRATE ONE FAMILY/INDIVIDUAL PER GAME, WE KNOW THERE ARE THOUSANDS OF FAMILIES WE CAN'T SHARE THEIR STORIES. IT'S COMMONLY REFERRED THAT 50% OF FOSTER PARENTS WILL QUIT AFTER THEIR FIRST YEAR DUE TO A LACK OF SUPPORT. WITH THE POTASSIUM CARE BASKET PROGRAM, WE WANT TO SUPPORT EVERYONE IN THE FOSTER CARE COMMUNITY. IF WE KNOW THERE IS A FAMILY IN NEED, WE WANT TO HELP SUPPORT THEM IN THEIR JOURNEY, SO WE SEND THEM A CARE BASKET. IN 2024, WE SENT 75 POTASSIUM CARE BASKETS TO SUPPORT THOSE IN THE FOSTER CARE COMMUNITY. THESE BASKETS WERE PERSONALIZED TO THE NEEDS OF THE FAMILY. FOR EXAMPLE, A FAMILY THAT JUST WELCOMED A TEENAGER INTO THEIR HOME AND NEEDS SOME SUPPORT - THEY WOULD GET A BASKET THAT HAS ESSENTIAL ITEMS FOR THE TEEN BUT ALSO CRAFTS, GAMES, AND ACTIVITIES THAT ARE AGE APPROPRIATE AND HELP MAKE THE TRANSITION OF A NEW HOME MORE BEARABLE. THE POTASSIUM CARE BASKETS ALSO GO TO NEWLY LICENSED FOSTER FAMILIES, TO PROVIDE SUPPORT RIGHT FROM THE START OF THEIR JOURNEY. BANANAS FOSTER WORKS DIRECTLY WITH LICENSING AGENCIES TO SEND BASKETS TO FAMILIES WHEN THEY GET LICENSED AS A WELCOME TO THE COMMUNITY THAT MAKES A DIFFERENCE. OUR LONG-TERM GOAL FOR THIS PROGRAM IS TO BE THE FIRST CALL/EMAIL/LETTER WHEN FAMILIES NEED SOMETHING IN THEIR FOSTER CARE JOURNEY. MANY FAMILIES WILL SAY NO TO A CHILD BECAUSE OF THE LACK OF SUPPORT OR NEED FOR SPECIFIC ITEMS, WE WANT THIS PROGRAM TO ELIMINATE ANY NO, AND GIVE FAMILIES THE CONFIDENCE TO SAY YES TO A CHILD IN NEED BECAUSE BANANAS FOSTER WILL BE THERE TO SUPPORT THEM. WE HOPE THAT IN THE FUTURE EVERY FOSTER/BIO/KINSHIP FAMILY THAT COMES INTO CONTACT WITH BANANAS FOSTER WILL BE GIVEN A POTASSIUM CARE BASKET TO FEEL SUPPORTED.
    Expenses $27,420 · grants $13,770
  • COMMUNITY EVENTS - BANANAS FOSTER WANTS TO SUPPORT THE LOCAL FOSTER CARE COMMUNITY IN SAVANNAH BY DEVELOPING EVENTS WITH OTHER ORGANIZATION. IN 2024, THE CHATHAM COUNTY FAMILY & JUVENILE COURT SYSTEM HOSTED A FIELD DAY FOR CHILDREN INVOLVED IN FOSTER CARE & JUVENILE COURT. BANANAS FOSTER SPONSORED THE LUNCH FOR THE EVENT AND HOSTED THE EVENT AT DAFFIN PARK, SAVANNAH GEORGIA. TOGETHER, THE ORGANIZATIONS BROUGHT YOUTH FROM ACROSS THE COUNTY TO ENJOY THE SUMMER SUN, PLAY GAMES, AND INTERACT WITH ONE ANOTHER. OUR LONG-TERM GOAL IS TO HOST ADDITIONAL EVENTS THAT SUPPORT THE FOSTER CARE COMMUNITY THROUGHOUT CHATHAM COUNTY, GEORGIA.
    Expenses $1,995

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-EZ on file

IRS record

EIN
92-2628707
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$187,740
Income (IRS master file)
$273,242

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$273,242$179,614$187,740IRS
990-EZDecember 2023$112,442$23,134$89,308XML

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 92-2628707).

Questions about BANANAS FOSTER INC

What is the EIN of BANANAS FOSTER INC?
The employer identification number (EIN) of BANANAS FOSTER INC is 92-2628707.
Is BANANAS FOSTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BANANAS FOSTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BANANAS FOSTER 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 BANANAS FOSTER 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 BANANAS FOSTER 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 BANANAS FOSTER INC?
The 990 for the year ended December 31, 2024 names JOLIE CHABALA.
Who are the officers and directors of BANANAS FOSTER INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $60,000 (JOLIE CHABALA, EXECUTIVE DIRECTOR).
How much revenue does BANANAS FOSTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $273,242, expenses of $179,614 and total assets of $187,740 at year end.

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