Civic Intelligence

The Banyan Foundation

990 • Fiscal year 2020 • EIN 41-1922813

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 15, 2021

2529 13th Avenue SouthMinneapolis, MN 55404

(612) 722-8512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

3.41x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$103,290

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.1%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,769,124

Down $145,772 (-2.1%) from 2019

Net Assets

Down

$28,097

Down $201,384 (-88%) from 2019

Liabilities

Up

$6,741,027

Up $55,612 (+0.8%) from 2019

Revenue

Up

$1,974,811

Up $218,717 (+12%) from 2019

Expenses

Up

$2,176,195

Up $127,564 (+6.2%) from 2019

Net Income

Up

-$201,384

Up $91,153 (+31%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $428,141Liabilities 2011: $75,536Net Assets 2011: $352,6052011Assets 2012: $809,436Liabilities 2012: $77,322Net Assets 2012: $732,1142012Assets 2013: $1,924,499Liabilities 2013: $91,954Net Assets 2013: $1,832,5452013Assets 2014: $3,888,813Liabilities 2014: $92,810Net Assets 2014: $3,796,0032014Assets 2015: $7,636,666Liabilities 2015: $7,073,747Net Assets 2015: $562,9192015Assets 2016: $7,177,456Liabilities 2016: $6,660,857Net Assets 2016: $516,5992016Assets 2017: $6,886,009Liabilities 2017: $6,669,005Net Assets 2017: $217,0042017Assets 2018: $7,211,296Liabilities 2018: $6,689,278Net Assets 2018: $522,0182018Assets 2019: $6,914,896Liabilities 2019: $6,685,415Net Assets 2019: $229,4812019Assets 2020: $6,769,124Liabilities 2020: $6,741,027Net Assets 2020: $28,0972020Assets 2021: $6,371,466Liabilities 2021: $6,418,783Net Assets 2021: -$47,3172021Assets 2022: $6,597,553Liabilities 2022: $970,326Net Assets 2022: $5,627,2272022Assets 2023: $6,537,244Liabilities 2023: $83,224Net Assets 2023: $6,454,0202023Assets 2024: $6,361,123Liabilities 2024: $74,055Net Assets 2024: $6,287,0682024Assets 2025: $6,121,657Liabilities 2025: $80,502Net Assets 2025: $6,041,1552025

Highlighted filing

2020

Assets$6,769,124
Liabilities$6,741,027
Net Assets$28,097

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $556,384Expenses 2011: $567,239Net Income 2011: -$10,8552011Expenses 2012: $709,8432012Revenue 2013: $1,875,016Expenses 2013: $796,046Net Income 2013: $1,078,9702013Revenue 2014: $2,756,287Expenses 2014: $800,999Net Income 2014: $1,955,2882014Revenue 2015: $2,604,369Expenses 2015: $5,839,876Net Income 2015: -$3,235,5072015Revenue 2016: $1,615,303Expenses 2016: $1,661,623Net Income 2016: -$46,3202016Revenue 2017: $1,856,309Expenses 2017: $2,155,904Net Income 2017: -$299,5952017Revenue 2018: $1,935,829Expenses 2018: $1,780,815Net Income 2018: $155,0142018Revenue 2019: $1,756,094Expenses 2019: $2,048,631Net Income 2019: -$292,5372019Revenue 2020: $1,974,811Expenses 2020: $2,176,195Net Income 2020: -$201,3842020Revenue 2021: $2,128,320Expenses 2021: $2,203,734Net Income 2021: -$75,4142021Revenue 2022: $7,923,966Expenses 2022: $2,249,422Net Income 2022: $5,674,5442022Revenue 2023: $1,005,831Expenses 2023: $1,218,400Net Income 2023: -$212,5692023Revenue 2024: $2,286,976Expenses 2024: $2,471,924Net Income 2024: -$184,9482024Revenue 2025: $2,128,662Expenses 2025: $2,374,575Net Income 2025: -$245,9132025

Highlighted filing

2020

Revenue$1,974,811
Expenses$2,176,195
Net Income-$201,384
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 15, 2021
Return Version
2020v4.0
Gross Receipts
$2,036,663
Mission and Program Overview

Mission

The banyan community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,382,350$5,179,491▼ $202,859
Savings and Temporary Cash Investments-$512,489-
Pledges and Grants Receivable$555,794$433,021▼ $122,773
Intangible Assets$343,771$330,519▼ $13,252
Cash and Non-Interest-Bearing Accounts$433,500$167,937▼ $265,563
Accounts Receivable$50,725$54,870▲ $4,145
Prepaid Expenses and Deferred Charges$12,243$1,859▼ $10,384
Total Assets$6,914,896$6,769,124▼ $145,772
Other Assets Total$136,513$88,938▼ $47,575
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,566,000$6,566,000→ $0
Accounts Payable and Accrued Expenses$119,415$175,027▲ $55,612
Total Liabilities$6,685,415$6,741,027▲ $55,612
Net Assets / Fund Balance
Net Assets With Donor Restrictions$598,482$415,630▼ $182,852
Net Assets Without Donor Restrictions$-369,001$-387,533▼ $18,532
Total Net Assets Fund Balance$229,481$28,097▼ $201,384
Total Liabilities and Net Assets / Fund Balance$6,914,896$6,769,124▼ $145,772

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,762,389$577,301$5,339,690
Equipment$209,398$354,426$563,824
Land$207,704-$207,704

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$700,000$25,000--$725,000
2019$435,000$265,000--$700,000
2018$435,000---$435,000
2017$160,000$275,000--$435,000
2016$160,000---$160,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joani EssenburgExecutive DiFT$100,282$3,008$103,290
Dan OlthoffDirector ofFT$87,850$2,636$90,486

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,974,539
Program Service Revenue
$0
Investment Income
$272
Other Revenue
$0
All Other Contributions
$1,520,125
Change in Net Assets
$-201,384

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$28,022Selling Price
Total Noncash Contributions6$28,022-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,974,811
Total Revenue per Audited Statements
$1,974,811
Total Revenue per Form 990
$1,974,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,234,832
Other Expenses$743,852
Total Fundraising Expense$305,315
Grants and Similar Amounts Paid$179,783
Professional Fundraising Fees$17,728

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$713,291$36,162$142,518$891,971
Depreciation Depletion$191,214$21,204$3,692$216,110
Current Officers, Directors, Trustees, and Key Employees$22,595$108,040$63,141$193,776
Grants to Domestic Orgs$179,783--$179,783
Office Expenses$85,574$9,012$23,669$118,255
Fees for Services Other$52,617$5,748$23,919$82,284
Occupancy$73,273$2,707$1,257$77,237
Other Employee Benefits$66,864$1,739$3,050$71,653
Payroll Taxes$40,569$9,923$15,786$66,278
Interest$44,537$1,852$860$47,249
Other Expenses$29,573$3,053$4,281$36,907
Insurance$29,543$1,112$516$31,171
Fees for Services Professional Fundraising--$17,728$17,728
Fees for Services Legal-$13,470-$13,470
Pension Plan Contributions$2,159$4,097$4,898$11,154
Fees for Services Accounting-$10,937-$10,937
Total Functional Expenses$1,594,193$276,687$305,315$2,176,195

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,176,195
Total Expenses per Audited Statements$2,176,195
Total Expenses per Form 990$2,176,195
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
De La Salle High SchoolMinneapolis, MN501 C3Scholarships to 25$179,783
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,728
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have any committees which have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The 990 is presented to the finance committee of the board of directors. The finance committee meets with our independent auditor to review and ask questions. The finance committee makes a recommendation to the board of directors to approve form 990 and the board makes a motion to approve it.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is presented verbally and in writing to each new employee and board member, who must read and sign it. Annually, the policy is presented again and each employee and board member is asked to sign an annual renewal form. The policy is written so employees and board members are obligated to report any changes in conflict of interest. Also, supervisors are asked to observe and report any potential conflict to the executive director. If any conflicts are noted, they are to be made to the board chair who will bring the matter to the board.

Form 990, Page 6, Part VI, Line 15A

The most recent publication of the minnesota council of nonprofits salary and benefit summary is obtained and reviewed for comparable salary and position description. The executive director and the executive committee use this information, plus performance evaluations, to determine salary. Proposed staff salaries are presented to the finance committee and then to the board of directors for approval. The executive committee and the finance committee receive the same pertinent information regarding the executive director in order to evaluate and determine the ed's salary. The information is presented to the board of directors for approval.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies of its governing documents upon request. The documents are also posted on guidestar and the minnesota charities review council websites.

Filing and Contact Details

Filer

Filer Name
The Banyan Foundation
EIN
41-1922813
Phone
6127228512
Address
2529 13TH AVENUE SOUTH, MINNEAPOLIS, MN 55404
Doing Business As
The Banyan Community

Signing Officer

Name
Joani Essenburg
Title
Executive Director
Phone
6127228512
Signed
2021-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joani Essenburg
Formed
1998
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
47
Volunteers
81

Preparer

Firm
Sherry D Heffernan Ltd
Address
6650 HORSESHOE BEND DR, CORCORAN, MN 55340-9549
Preparer
Sherry D Heffernan Ltd
Phone
7632297129
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The banyan community is a community development organization that conducts its mission and programs in a low income urban neighborhood. The focus is on developing youth, strengthening families, and creating a strong vibrant community.

Form 990, Page 2, Part III, Line 4A

Youth development program: banyan provides opportunities for youth to develop leadership skills, engage in positive relationships with peers and adults, and have new experiences. Banyan provides academic support and accountability so that youth can succeed in school and college. Creating a culture of educational achievement is a high priority for the banyan. Banyan has developed a comprehensive and intense approach. It involves a sustained focus on academic preparedness with the development of other important assets for youth: increased social and emotional skills, life skills, cultural competency, positive self-image, awareness of educational opportunities, family involvement and the support of the broader community. Our programs include: after school programs for students age kindergarten through middle school; high school tutoring and support; kids club; summer cool off days; youth employment and leadership development; college mentoring; and educational scholarships. There were 166 registered youth in programs and 25 scholarships awarded in 2020.

Form 990, Page 2, Part III, Line 4B

Family strengthening services: home visits, parent conferences and family support is offered for all banyan families. Banyan offers a safe place for youth and adult residents to gather and engage in healthy relationships. Building developmental assets in family develops youth and helps create community. Creating a sense of teamwork between parents and youth empowers both. There were 103 families enrolled in this program in 2020. Banyan partnered with st. David's child development center to offer a 5 day, full day preschool for our youngest members. Banyan's preschool family support program consists of staff outreach to the community to encourage enrollment as well as family visits to support parents and caregivers whose children are participating in preschool. 14 of our 103 families were enrolled in this subset program in 2020. Due to covid-19 in march of 2020 the preschool closed and programming ceased regular function. Banyan family advocates provided support for the families. St. David's ceased this partnership in may 2020. Banyan is evaluating the reopening of the preschool in the near future.

Form 990, Page 2, Part III, Line 4C

Creating community: gathering events for banyan families and staff, adult education opportunities (community, leadership, education, and connection programming), and the light house network. Our adult leadership skills training is in response to the requests and needs of our parents. Banyan aims to create models of success that give a sense of hope within the community. Community building is imperative to breaking down the isolation that poverty so often creates. The joy that the gatherings brings is powerful. The work of the block club is essential to create a safe atmosphere for the community to thrive. Gathering events drew 245 participants in 2020. The adult leadership program hosted 37 connect events, classes and trainings, resulting in 480 direct service hours, in 2020. The light house network (banyan block clubs) is organized on 34 blocks, touching over 2,040 neighborhood residents in both years.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The board of directors has set aside certain designated funds. They are an operating reserve of 615,000, an unemployment self insurance reserve of 10,000, and a building and capital asset reserve of 100,000.

Schedule D, Page 3, Part X

The organization has evaluated its potential exposure for uncertain tax positions and management has expressed there are no uncertain tax positions as of december 31, 2020. Tax returns for the past three tax years remain open for examination by tax jurisdictions.

Schedule D, Page 4, Part XIII

Ms. Joani essenburg, the executive director, is also on the board of directors of banyan investment corporation. See schedule r.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.12$0.08$6.04$2.13$2.37$0.25
2024Detailed filing. Detailed filing data is available for this year.$6.36$0.07$6.29$2.29$2.47$0.18
2023Detailed filing. Detailed filing data is available for this year.$6.54$0.08$6.45$1.01$1.22$0.21
2022Detailed filing. Detailed filing data is available for this year.$6.60$0.97$5.63$7.92$2.25$5.67
2021Detailed filing. Detailed filing data is available for this year.$6.37$6.42$0.05$2.13$2.20$0.08
2020Detailed filing. Detailed filing data is available for this year.$6.77$6.74$0.03$1.97$2.18$0.20
2019Detailed filing. Detailed filing data is available for this year.$6.91$6.69$0.23$1.76$2.05$0.29
2018Detailed filing. Detailed filing data is available for this year.$7.21$6.69$0.52$1.94$1.78$0.16
2017Detailed filing. Detailed filing data is available for this year.$6.89$6.67$0.22$1.86$2.16$0.30
2016Detailed filing. Detailed filing data is available for this year.$7.18$6.66$0.52$1.62$1.66$0.05
2015Detailed filing. Detailed filing data is available for this year.$7.64$7.07$0.56$2.60$5.84$3.24
2014Detailed filing. Detailed filing data is available for this year.$3.89$0.09$3.80$2.76$0.80$1.96
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.09$1.83$1.88$0.80$1.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.08$0.73$0.71
2011Summary only. Only limited summary data is available for this year.$0.43$0.08$0.35$0.56$0.57$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $5M-$10M nonprofits