Civic Intelligence

Banyan School Inc

EIN 22-3250959 • 501(c)3 • Fairfield, NJ

Profile

Education of handicapped children

12 Hollywood AveFairfield, NJ 07004-1101

www.banyanschool.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.62x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.24x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

41st percentile

1.4%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$161,890

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

94th percentile

58%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

20%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,254,187

Up $1,923,263 (+58%) from 2023

Liabilities

Up

$3,235,486

Up $1,743,955 (+117%) from 2023

Net Assets

Up

$2,018,701

Up $179,308 (+9.7%) from 2023

Revenue

Up

$13,238,224

Up $2,245,843 (+20%) from 2023

Expenses

Up

$13,058,916

Up $2,360,711 (+22%) from 2023

Net Income

Down

$179,308

Down $114,868 (-39%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $1,007,209Liabilities 2011: $548,210Net Assets 2011: $458,9992011Assets 2012: $1,186,591Liabilities 2012: $619,343Net Assets 2012: $567,2482012Assets 2013: $1,035,496Liabilities 2013: $500,263Net Assets 2013: $535,2332013Assets 2014: $999,301Liabilities 2014: $410,761Net Assets 2014: $588,5402014Assets 2015: $1,656,049Liabilities 2015: $913,912Net Assets 2015: $742,1372015Assets 2016: $1,125,848Liabilities 2016: $358,104Net Assets 2016: $767,7442016Assets 2017: $1,213,698Liabilities 2017: $497,204Net Assets 2017: $716,4942017Assets 2018: $1,481,027Liabilities 2018: $637,724Net Assets 2018: $843,3032018Assets 2019: $1,723,791Liabilities 2019: $752,590Net Assets 2019: $971,2012019Assets 2020: $2,166,973Liabilities 2020: $968,140Net Assets 2020: $1,198,8332020Assets 2021: $2,508,155Liabilities 2021: $1,156,408Net Assets 2021: $1,351,7472021Assets 2022: $2,901,931Liabilities 2022: $1,356,714Net Assets 2022: $1,545,2172022Assets 2023: $3,330,924Liabilities 2023: $1,491,531Net Assets 2023: $1,839,3932023Assets 2024: $5,254,187Liabilities 2024: $3,235,486Net Assets 2024: $2,018,7012024

Highlighted filing

2024

Assets$5,254,187
Liabilities$3,235,486
Net Assets$2,018,701

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,702,343Expenses 2011: $4,746,089Net Income 2011: -$43,7462011Revenue 2012: $5,088,506Expenses 2012: $4,980,257Net Income 2012: $108,2492012Revenue 2013: $4,809,539Expenses 2013: $4,841,555Net Income 2013: -$32,0162013Revenue 2014: $4,695,224Expenses 2014: $4,641,917Net Income 2014: $53,3072014Revenue 2015: $5,423,631Expenses 2015: $5,270,034Net Income 2015: $153,5972015Revenue 2016: $5,262,385Expenses 2016: $5,236,778Net Income 2016: $25,6072016Revenue 2017: $4,835,150Expenses 2017: $4,825,397Net Income 2017: $9,7532017Revenue 2018: $5,638,420Expenses 2018: $5,511,611Net Income 2018: $126,8092018Revenue 2019: $6,239,461Expenses 2019: $6,111,563Net Income 2019: $127,8982019Revenue 2020: $7,327,185Expenses 2020: $7,099,553Net Income 2020: $227,6322020Revenue 2021: $8,210,243Expenses 2021: $8,057,329Net Income 2021: $152,9142021Revenue 2022: $9,400,396Expenses 2022: $9,206,926Net Income 2022: $193,4702022Revenue 2023: $10,992,381Expenses 2023: $10,698,205Net Income 2023: $294,1762023Revenue 2024: $13,238,224Expenses 2024: $13,058,916Net Income 2024: $179,3082024

Highlighted filing

2024

Revenue$13,238,224
Expenses$13,058,916
Net Income$179,308

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$3.24$2.02$13.2$13.1$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$1.49$1.84$11.0$10.7$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$1.36$1.55$9.40$9.21$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$1.16$1.35$8.21$8.06$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.97$1.20$7.33$7.10$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.75$0.97$6.24$6.11$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.64$0.84$5.64$5.51$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.50$0.72$4.84$4.83$0.01
2016Summary only. Only limited summary data is available for this year.$1.13$0.36$0.77$5.26$5.24$0.03
2015Summary only. Only limited summary data is available for this year.$1.66$0.91$0.74$5.42$5.27$0.15
2014Summary only. Only limited summary data is available for this year.$1.00$0.41$0.59$4.70$4.64$0.05
2013Summary only. Only limited summary data is available for this year.$1.04$0.50$0.54$4.81$4.84$0.03
2012Summary only. Only limited summary data is available for this year.$1.19$0.62$0.57$5.09$4.98$0.11
2011Summary only. Only limited summary data is available for this year.$1.01$0.55$0.46$4.70$4.75$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$13,319,462
Mission and Program Overview

Mission

Education of handicapped children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,858,461$2,840,656▲ $982,195
Accounts Receivable$760,037$663,656▼ $96,381
Prepaid Expenses and Deferred Charges$21,960$248,616▲ $226,656
Land, Buildings, and Equipment, Net$269,937$208,589▼ $61,348
Total Assets$3,330,924$5,254,187▲ $1,923,263
Other Assets Total$420,529$1,292,670▲ $872,141
Liabilities
Accounts Payable and Accrued Expenses$351,212$1,957,983▲ $1,606,771
Other Liabilities$1,132,819$1,258,633▲ $125,814
Deferred Revenue$7,500$18,870▲ $11,370
Total Liabilities$1,491,531$3,235,486▲ $1,743,955
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,313,747$1,521,991▲ $208,244
Net Assets Without Donor Restrictions$525,646$496,710▼ $28,936
Total Net Assets Fund Balance$1,839,393$2,018,701▲ $179,308
Total Liabilities and Net Assets / Fund Balance$3,330,924$5,254,187▲ $1,923,263

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$128,785$500,407$629,192
Equipment$79,804$162,575$242,379
Other Assets Org$1,249,787--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ron LiebermanPrincipalFT$142,875$19,015$161,890
Janet BlanchardPrincipalFT$142,500$18,843$161,343
Wendy McneillDirector/principalFT$123,500$15,786$139,286
Linda MccabeDirector of Development and HrFT$116,017$23,248$139,265
Jennifer SansoneSupervisor of CurriculumFT$105,452$22,455$127,907
Emily PerkinsSupervisior of CurriculumFT$100,623$12,474$113,097

Board Members and Trustees

NameTitle
Vince RienziPresident
Burt HenrySecretary, Vice President
Tom FeketeTreasurer, Vice President
Bill PresuttiVice President
Danielle DerosaVice President
John ShalhoubVice President
Bill NahmiasBoard Member
Brian BaumanBoard Member
Jennie RossiniBoard Member
Mark StollerBoard Member
Stephanie GirondaBoard Member
Suzanne TrupiaBoard Member
Terry ShapiroBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$199,963
Program Service Revenue
$13,067,934
Investment Income
$0
Other Revenue
$-29,673
All Other Contributions
$20,013
Change in Net Assets
$179,308

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,238,224
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,238,224
Total Revenue per Form 990
$13,238,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,729,181
Other Expenses$2,329,735
Total Fundraising Expense$66,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,642,753$1,060,054$49,195$7,752,002
Other Employee Benefits$1,095,814$86,259$10,433$1,192,506
Payroll Taxes$571,702$92,460-$664,162
Pension Plan Contributions$588,248$63,043$3,681$654,972
Current Officers, Directors, Trustees, and Key Employees$399,736$62,862$2,941$465,539
Occupancy$443,106--$443,106
Information Technology$298,983--$298,983
Office Expenses$47,362$148,904-$196,266
Fees for Services Accounting-$191,950-$191,950
Depreciation Depletion$76,203--$76,203
Other Expenses$72,577$265,453-$72,577
Travel$18,127$39,897-$58,024
All Other Expenses-$41,092-$41,092
Insurance$26,351--$26,351
Fees for Services Legal-$16,753-$16,753
Advertising-$1,674-$1,674
Total Functional Expenses$10,922,265$2,070,401$66,250$13,058,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,058,916
Total Expenses per Audited Statements$13,058,916
Total Expenses per Form 990$13,058,916
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$81,238
Fundraising Gross Income$23,777
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fashion Show$62,231-$3,678-
Golf Outing$141,496$23,777$6,773$17,004
Total Events$203,727$23,777$81,238$-57,461
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,258,633
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committee has the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 was circulated by e-mail for review by finance committee members.

Form 990, Part VI, Section B, Line 15A

The organization has a leadership committee of the board of trustees, comprised of the executive board and the finance committee, that reviews both the executive directors' performance and comparable salaries before making a recommendation of compensation.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Banyan School Inc
EIN
22-3250959
Phone
9734391919
Address
12 HOLLYWOOD AVE, FAIRFIELD, NJ 07004-1101

Signing Officer

Name
Vincent Rienzi
Title
Board Chair
Phone
9734391919
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Rienzi
Formed
1993
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
177
Volunteers
84

Preparer

Firm
Cliftonlarsonallen Llp
Address
293 EISENHOWER PARKWAY 2ND FLOOR, LIVINGSTON, NJ 07039
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, is not liable for federal and state income taxes. The organization follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2024 and 2023. At june 30, 2024 and 2023, there are no significant income tax uncertainties.

Raw XML AppendixShowing 400 of 589 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER, VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY, VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR/PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF DEVELOPMENT AND HR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SUPERVISIOR OF CURRICULUM
IRS990/Form990PartVIISectionAGrp/TitleTxt18SUPERVISOR OF CURRICULUM
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2024 AND 2023. AT JUNE 30, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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