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Nonprofiteer
← Banyan Investment Corporation

Form 990 for tax year 2022

Filed by Banyan Investment Corporation.

Totals

Total revenue
$51,231
Total expenses
$4,750,848
Contributions and grants received
$0
Grants paid
$4,741,288
Program service revenue
$0
Investment income
$51,231
Other revenue
$0
Total assets, end of year
$1,036,069
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,036,069
Program services expenses (Part IX)
$4,741,288
Management and general expenses
$9,560
Fundraising expenses
$0
Program service expenses (Part III)
$4,741,288

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $51,231 · excluded $51,231

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,741,288 · program services $4,741,288

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 13 · Office expenses

    total $1,560 · management and general $1,560

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $773,476

  • 4 · Accounts receivable

    end of year $792,213

  • 7 · Other notes and loans receivable

    beginning of year $4,724,415

  • 11 · Investments: publicly traded securities

    beginning of year $284,734 · end of year $243,856

  • 27 · Net assets without donor restrictions

    beginning of year $5,782,625 · end of year $1,036,069

Mission and programs · 2022

Mission

Banyan Investment Corporation exists for the purpose of supporting Banyan Foundation, DBA Banyan Community, to meet its mission.

  • The Organization is organized and will operate exclusively for charitable and educational purposes, and for the benefit of, to support the functions of, and to assist in carrying out the purposes of Banyan Community.

    Expenses $4,741,288 · Grants $4,741,288

As filed on the 2022 return.

Listed in Part VII

  • Greg Good

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kyle Didier

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Carl Schlueter

    President

    Total calculated
    $80,425
    From this org
    $0
    From related orgs
    $78,902
    Other
    $1,523
    Hours/week
    1 + 40 related

  • Dan Olthoff

    Interim President

    Total calculated
    $79,846
    From this org
    $0
    From related orgs
    $77,520
    Other
    $2,326
    Hours/week
    1 + 32 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 April 2023
IRS schema version
2022v5.0
Source object
202301219349301135

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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