Banks Family Foundation
- Assets
- $1.5m
- Revenue
- -$21.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 94-3301944
Organization Overview
Banks Family Foundation is located in Oakland, CA. The organization was established in 1998. 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. Banks Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Banks Family Foundation has awarded 181 individual grants totaling $2,032,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,159 |
| Net Rental Income | $9 |
| Net Gain on Sale of Assets | -$75,889 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | -$21,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,774 |
| Total operating and administrative expenses | $7,939 |
| Contributions, gifts, grants paid | $201,000 |
| Total expenses and disbursements | $208,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,348 |
| 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 | $470,062 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,471,787 |
| 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, Banks Family Foundation has awarded $201,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPTER 510 PURPOSE: SUPPORT CREATIVE WRITING PROGRAMS IN OAKLAND SCHOOLS | $10,000 |
CREATIVE GROWTH ART CENTER PURPOSE: SUPPORT YEAR ROUND SATURDAY ART PROGRAM FOR YOUTH WITH DISABILITIES | $10,000 |
CYCLES OF CHANGE PURPOSE: TO SUPPORT THE BIKE CLUB PROGRAM AT FOUR EAST OAKLAND SCHOOLS | $10,000 |
EAST OAKLAND YOUTH DEVELOPMENT CENTER PURPOSE: SUPPORT YEAR ROUND KUUMBAA ARTS PROGRAM | $15,000 |
DESTINY ARTS CENTER PURPOSE: SUPPORT AFTER SCHOOL PROGRAMS IN THREE WEST OAKLAND SCHOOLS | $15,000 |
GIRLS' INC PURPOSE: SUPPORT K-3 GIRL START LITERACY AFTER-SCHOOL PROGRAM IN TEN SCHOOLS | $15,000 |