Nonprofit · EIN 99-4996668
GBANWAY DEVELOPMENT INITIATIVE INC
Also known as GBANWAY EDUCATION PROJECT
Tax-exempt · MINNEAPOLIS, MN 55429
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $950 | $255 | $695 | $4,401 | $255 | $4,146 |
| December 31, 2024 | 990 | $4,251 | $545 | $3,706 | $3,706 | $0 | $3,706 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $50
- Membership dues
- $900
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $175
- Other expenses
- $80
Balance sheet and other
- Total assets, start of year
- $3,706
- Total assets, end of year
- $4,401
- Total liabilities, end of year
- $255
- Net assets, end of year
- $4,146
- Cash, savings and investments
- $4,401
- Gross receipts
- $950
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kerkula Fromayan | Chairman of the Board | 1 | $0 |
| Hawa Parker | Vice Chair of the Board | 1 | $0 |
| Alvenia Fromayan | Financial Secretary/Treasurer | 2 | $0 |
| William Tokpah | Secretary | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kerkula Fromayan | Chairman of the Board Trustee or director | 1 | $0 |
| Hawa Parker | Vice Chair of the Board Trustee or director | 1 | $0 |
| Alvenia Fromayan | Financial Secretary/Treasurer Trustee or director | 2 | $0 |
| William Tokpah | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5307 FRANCE AVE N, MINNEAPOLIS, MN 55429-3313
- Signed the 990-EZ
- Alvenia Fromayan, Financial Secretary/Treasurer
- Phone
- (763) 439-3721
Mission
The mission is to support non-partisan educational activities of children and to prepare individuals to become meaningful citizens through education.
Program accomplishments
- In 2025, We purchased and shipped books to be used for the enhancement of the students education. There were very limited books available for the students.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-4996668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $4,401
- Income (IRS master file)
- $950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $950 | $255 | $4,401 | XML |
| 990 | December 2024 | $4,251 | $545 | $3,706 | XML |
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 99-4996668).
Questions about GBANWAY DEVELOPMENT INITIATIVE INC
- What is the EIN of GBANWAY DEVELOPMENT INITIATIVE INC?
- The employer identification number (EIN) of GBANWAY DEVELOPMENT INITIATIVE INC is 99-4996668.
- Is GBANWAY DEVELOPMENT INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to GBANWAY DEVELOPMENT INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GBANWAY DEVELOPMENT INITIATIVE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GBANWAY DEVELOPMENT INITIATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GBANWAY DEVELOPMENT INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of GBANWAY DEVELOPMENT INITIATIVE INC?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does GBANWAY DEVELOPMENT INITIATIVE INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $950, expenses of $255 and total assets of $4,401 at year end.
Other nonprofits in MINNEAPOLIS
- UNIVERSITY OF MINNESOTA FOUNDATION EIN 41-6042488 · last filed 990 for 2025
- ECMC GROUP INC EIN 41-1991995 · last filed 990 for 2024
- SCHOLARSHIP AMERICA INC EIN 04-2296967 · last filed 990-N for 2025
- AUGSBURG UNIVERSITY EIN 41-0694721 · last filed 990 for 2025
- READING & MATH INC EIN 47-2306902 · last filed 990 for 2025
- MINNESOTA TRANSITIONS CHARTERED SCHOOL EIN 41-1823173 · last filed 990 for 2025
- ECMC FOUNDATION EIN 41-1990628 · last filed 990 for 2024
- BRECK SCHOOL EIN 41-0693894 · last filed 990 for 2025