Banner Learning Corp - Chicago FY2021 filing

Tax-deductible

Boca Raton, FL501(c)(3)EducationEIN 46-1909334

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The organization operates alternative education programs in the city of Chicago for students who have had disciplinary issues or need alternative placements for other reasons. The activity furthers the organization's purpose because IT is exclusively an inner-city program.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $86K a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 29.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $130K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$211K
×18 vs prior year
Spent
$62K
To programs
100%
Net assets
$153K
By yearFY2020–FY2024
Revenue
$211K
FY2021▲ ×18
Revenue by fiscal year
FY2020$11K
FY2021$211K
FY2022$1.2M
FY2023$502K
FY2024$553K
Expenses
$62K
FY2021▲ +723%
Expenses by fiscal year
FY2020$8K
FY2021$62K
FY2022$1.1M
FY2023$370K
FY2024$485K
Net assets
$153K
FY2021▲ ×35
Net assets by fiscal year
FY2020$4K
FY2021$153K
FY2022$100K
FY2023$231K
FY2024$300K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $62K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Assistant Director
$0Pt VII · Sec A
Assistant Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Banner Learning Corp - Chicago executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides alternative education programs in Chicago for students needing different placements.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
01

The organization opened around february 2013 and was funded through a contract with the chicago public school system for approximately 350 student slots. The organization operated the school and provided educational services to its students. The organization currently provides alternative education programs to disadvantaged students.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$130K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$211K
Ln 12
Fees for servicesLn 2g$211K
Money outPt IX
$62K
Ln 25
Programscol B$62K
Owns and owesPt X
$153K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$153K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$211K
Total revenueLn 12$211K
Assets in detailPt X, end of year
CashLn 1$153K
Cash and savings togetherLn 1–2$153K
Total assetsLn 16$153K
LiabilitiesLn 26$0
Net assetsLn 32$153K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4K$153K
Total assetsLn 16$4K$153K
LiabilitiesLn 26$0$0
Net assetsLn 32$4K$153K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$25K$25K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$9K$9K
OccupancyLn 16$10K$10K
TravelLn 17$5K$5K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$62K$62K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $553K$485K$68K$300K 990 PDF
FY2023 $502K$370K$132K$231K 990 PDF
FY2022 $1.2M$1.1M$78K$100K 990 PDF
FY2021 Viewing $211K$62K$149K$153K 990 PDF
FY2020 $11K$8K$4K$4K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $210,794 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $210,794$210,794
VIII-12 Total revenueRelated to mission $210,794 · Unrelated business $0 · Excluded from tax $0$210,794
Part IX · Statement of functional expenses $62,243 across 8 lines filed
IX-11b Legal feesPrograms $2,702$2,702
IX-11c Accounting feesPrograms $2,000$2,000
IX-11g Other fees for servicesPrograms $25,137$25,137
IX-12 Advertising and promotionPrograms $3,028$3,028
IX-13 Office expensesPrograms $9,466$9,466
IX-16 OccupancyPrograms $9,668$9,668
IX-17 TravelPrograms $4,907$4,907
IX-24 Other expenses (24a–d)Programs $5,335$5,335
IX-25 Total functional expensesPrograms $62,243 · Management $0 · Fundraising $0$62,243
Part X · Balance sheet $152,929 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $4,378$152,929
X-16 Total assetsStart of year $4,378$152,929
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,378$152,929
X-33 Total liabilities and net assetsStart of year $4,378$152,929
Part XI · Reconciliation of net assets $152,929 net assets at year end
XI-1 Total revenue$210,794
XI-2 Total expenses$62,243
XI-3 Revenue less expenses$148,551
XI-4 Net assets at start of year$4,378
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$152,929

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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