Banyan Tree Roots Foundation
- Assets
- $9.1m
- Revenue
- $79.1k
- Investments
- $609.4k
- Employees
- 0
- Location
- Smithtown, NY
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 84-3030662
Organization Overview
Banyan Tree Roots Foundation is located in Smithtown, NY. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banyan Tree Roots Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Banyan Tree Roots Foundation generated $79.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (62.0%) each year. All expenses for the organization totaled $299.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Banyan Tree Roots Foundation has awarded 18 individual grants totaling $1,633,748. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Alfond President & Treasurer | 20 | $65,000 | |
Melissa Alfond Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,284 |
| Dividends & Interest | $183,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$125,207 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,000 |
| Total Revenue | $79,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,514 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,217 |
| Total operating and administrative expenses | $95,999 |
| Contributions, gifts, grants paid | $203,687 |
| Total expenses and disbursements | $299,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,514,123 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,123,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Banyan Tree Roots Foundation has awarded $203,687 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST CATHERINE OF SIENA HOSPITAL FOUNDATION PURPOSE: EMERGENCY ROOM EXPANSION | $140,000 |
SHELTER ISLAND PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $10,000 |
NOFA-NY PURPOSE: PROGRAM SUPPORT | $53,687 |