Ryan Banks Academy

Chicago, ILUnknown exempt organizationEIN 47-3666107Revenue $40K in FY2023

On file with the IRSryanbanksacademy.org1245 S Michigan 212 · Chicago, IL

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Ryan Banks Academy is chicago's first tuition-free, inner city, co-ed residential boarding school for underserved children grades 7th through 12th. Rba will combine a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generations of leaders, thinkers, and world- changers.

Mission: Form 990 Part I, line 1

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FY2023 · Form 990-EZIndependent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990-EZ
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $18K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Named funders
5
named funders · $85K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
-94% vs prior year
Net assets
$0
By yearFY2020–FY2023
Revenue
$40K
FY2023▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$697K
FY2022$653K
FY2023$40K
Expenses
—
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020$704K
FY2021$489K
FY2022$618K
FY2023Not on file
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$91K
FY2021$299K
FY2022$340K
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

12 people listed on the 990-EZ.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Operations Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2022FY2021FY2020
Audrey Hampton——$122,066
Richard Glass JR Edd$110,000——
Valerie Groth——$83,076
Dr Richard Glass JR Edd—$45,000—
Karen Swaback$30,288$3,654—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Educates underserved youth in grades 7-12 with a tuition-free, residential boarding school.

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Provided by the organization

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1 program · $463K · in their own filed words · FY2021
01

The ryan banks academy's primary program service accomplishment is to provide a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generation of leaders, thinkers, and world-changers.

$463Kprogram expense

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
See all 5 funders →

By the numbers

The FY2023 990-EZ, line by line.

1The main four
Money in
$40K
Other income$40K
Owns and owes
$0
net assets
Liabilities$0
People
12
listed
Paid0
2In more detail
Revenue in detail
Other income$40K
Total revenue$40K
Assets in detailEnd of year
Liabilities$0
Net assets$0
Operations
Employees7
Volunteers0
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $40K$0 990 PDF
FY2022 $653K$618K$35K$340K 990 PDF
FY2021 $697K$489K$208K$299K 990 PDF
FY2020 $514K$704K−$191K$91K 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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