Bananas Incorporated
- Assets
- $6.6m
- Revenue
- $25.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Oakland, CA
- Founding
- 11/1974
- Data as of
- 06/2022
- EIN
- 94-2247074
Organization Overview
Bananas Incorporated is located in Oakland, CA. The organization was established in 1974. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Bananas Incorporated employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bananas Incorporated 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 06/2022, Bananas Incorporated generated $25.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $25.3m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH FAMILIES AND CHILD CARE PROVIDERS TO RAISE HAPPY, CONFIDENT CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATIVE PAYMENT - PAYS FOR THE CHILD CARE OF LOW INCOME NORTHERN ALAMEDA COUNTY FAMILIES WHO QUALIFY FOR SERVICES. CHILD CARE SUBSIDIES - 1,931 CHILDREN RECEIVED CHILD CARE TUITION ASSISTANCE.CHILD CARE SUBSIDY PAYMENTS - SERVED 848 CHILD CARE PROVIDERS.
RESOURCE, REFERRAL AND TRAINING - PROVIDE CHILD CARE REFERRALS, CHILD REARING INFORMATION AND SERVICES TO PARENTS. PROVIDE TECHNICAL ASSISTANCE AND TRAINING FOR CHILD CARE PROVIDERS. CHILD CARE RESOURCE & REFERRAL SERVICES - 11,379 FAMILIES ASSISTED IN SEEKING CHILDCARE.PARENT EDUCATION - HELD 117 FAMILY WORKSHOPS, SERVING 585 PARENTS.HEALTH HEROES PROGRAM - ASSISTED 119 CHILD CARE PROGRAMS AND SUPPORTED 1,920 CHILDREN. PROFESSIONAL DEVELOPMENT FOR CHILD CARE PROVIDERS - 93 WORKSHOPS HELD, 338 CHILD CARE PROVIDERS SERVED.PLAYGROUPS - 99 PLAYGROUP SESSIONS, SERVING 141 KIDS AND THEIR CAREGIVERS. DIAPER DISTRIBUTION: 104,614 DIAPERS DISTRIBUTED.STEM MATERIALS DISTRIBUTION: 400 CHILD CARE PROVIDERS SERVED.OTHER SERVICES: BANANAS SATELLITE OFFICE IN EAST OAKLAND SUPPORTS FAMILIES AND CAREGIVERS IN THAT AREA. WE CONTINUE TO PROVIDE ENHANCED SUPPORT TO FOSTER FAMILIES AND FAMILIES EXPERIENCING HOMELESSNESS. HEALTH & SAFETY CLASSES ARE ALSO PROVIDED TO CHILD CARE PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Frudden Chair | OfficerTrustee | 2 | $0 |
Nathan Kleiner Vice Chair | OfficerTrustee | 2 | $0 |
Todd Brantley Treasurer | OfficerTrustee | 2 | $0 |
Lindsay Kemp Bruckstein Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Adeyi Board Director (end 05/22) | Trustee | 1 | $0 |
Anthony Barr Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agnes Memorial Church Of God In Christ Child Care Services | 6/29/22 | $294,305 |
Rachel Smith Child Care Services | 6/29/22 | $197,785 |
Angilice Danetta Phillips Child Care Services | 6/29/22 | $170,212 |
Devvin Purnell Child Care Services | 6/29/22 | $168,629 |
Natashia Wade-bell Child Care Services | 6/29/22 | $163,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,770 |
| Related organizations | $0 |
| Government grants | $24,578,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,329,329 |
| Total Program Service Revenue | $19,216 |
| Investment income | $45,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,504 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,403,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,012 |
| Compensation of current officers, directors, key employees. | $328,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,237,931 |
| Pension plan accruals and contributions | $123,229 |
| Other employee benefits | $651,035 |
| Payroll taxes | $292,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $623,180 |
| Advertising and promotion | $0 |
| Office expenses | $151,873 |
| Information technology | $271,817 |
| Royalties | $0 |
| Occupancy | $227,902 |
| Travel | $19,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,204 |
| Insurance | $11,494 |
| All other expenses | $124,477 |
| Total functional expenses | $25,262,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,853,681 |
| Savings and temporary cash investments | $85,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,071,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,523 |
| Net Land, buildings, and equipment | $187,944 |
| Investments—publicly traded securities | $1,273,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,341 |
| Total assets | $6,595,686 |
| Accounts payable and accrued expenses | $3,047,952 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,047,952 |
| Net assets without donor restrictions | $3,211,629 |
| Net assets with donor restrictions | $336,105 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,595,686 |