Civic Intelligence

Ryan Banks Academy

990 • Fiscal year 2020 • EIN 47-3666107

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 28, 2021

Organization ProfileWWW.RYANBANKSACADEMY.ORG
1245 S Michigan 212Chicago, IL 60605

(219) 510-3383

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.13x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

10th percentile

-37%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$122,066

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

93rd percentile

149%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$157,347

Up $94,211 (+149%) from 2019

Net Assets

Up

$90,565

Up $27,429 (+43%) from 2019

Liabilities

Up

$66,782

Up $66,782 from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin10th percentile

Revenue

Up

$513,801

Up $175,956 (+52%) from 2019

Expenses

Up

$704,454

Up $332,448 (+89%) from 2019

Net Income

Down

-$190,653

Down $156,492 (-458%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$400K$300K$200K$100K$0Assets 2018: $97,297Liabilities 2018: $02018Assets 2019: $63,136Liabilities 2019: $0Net Assets 2019: $63,1362019Assets 2020: $157,347Liabilities 2020: $66,782Net Assets 2020: $90,5652020Assets 2021: $370,355Liabilities 2021: $71,339Net Assets 2021: $299,0162021Assets 2022: $340,400Liabilities 2022: $0Net Assets 2022: $340,4002022

Highlighted filing

2020

Assets$157,347
Liabilities$66,782
Net Assets$90,565
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.0M$500K$0-$500KRevenue 2018: $102,182Expenses 2018: $24,575Net Income 2018: $77,6072018Revenue 2019: $337,845Expenses 2019: $372,006Net Income 2019: -$34,1612019Revenue 2020: $513,801Expenses 2020: $704,454Net Income 2020: -$190,6532020Revenue 2021: $697,100Expenses 2021: $488,649Net Income 2021: $208,4512021Revenue 2022: $652,818Expenses 2022: $617,627Net Income 2022: $35,1912022

Highlighted filing

2020

Revenue$513,801
Expenses$704,454
Net Income-$190,653
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 28, 2021
Return Version
2019v5.0
Gross Receipts
$513,801
Mission and Program Overview

Mission

Ryan banks academy is chicago's first tuition-free, inner city, co-ed residential boarding school for underserved children grades 7th through 12th. Rba will combine a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generations of leaders, thinkers, and world- changers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,136$157,347▲ $94,211
Total Assets$63,136$157,347▲ $94,211
Liabilities
Other Liabilities-$66,782-
Total Liabilities$0$66,782▲ $66,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$63,136$90,565▲ $27,429
Total Net Assets Fund Balance$63,136$90,565▲ $27,429
Total Liabilities and Net Assets / Fund Balance$63,136$157,347▲ $94,211
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Audrey HamptonHead of SchoFT$122,066$122,066
Valerie GrothOfficerFT$83,076$83,076

Board Members and Trustees

NameTitle
Ann ZeilerBoard Chair
David AndersonVice Chair
Anslem GardnerDirector
Clarence NixonDirector
Erik AndersonDirector
Gemara WilliamsDirector
Jasmine Porter-rallinsDirector
Jim GagnardDirector
Megan WesselsDirector
Melaina PrestDirector
Richie MarreroDirector
Virginia DevlinDirector
Zeb MclaurinDirector
Ryan LazarusSecretary
Kevin BerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$513,801
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$513,801
Change in Net Assets
$-190,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$377,216
Other Expenses$327,238
Total Fundraising Expense$117,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,280-$86,093$344,373
Advertising$250$218,082$250$218,582
Occupancy$34,042--$34,042
Payroll Taxes$19,355-$6,452$25,807
Fees for Services Other$5,950-$5,950$11,900
Fees for Services Accounting-$9,254-$9,254
All Other Expenses$5,548$1,291$441$7,280
Other Employee Benefits$5,277-$1,759$7,036
Office Expenses$3,273-$1,919$5,192
Other Expenses$5,325-$4,834$4,834
Travel$2,016-$2,016$4,032
Information Technology$1,272--$1,272
Total Functional Expenses$357,933$228,627$117,894$704,454
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$66,782
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“An officer of the board receives a copy of the return for review prior to filing. Copies of the return are made available to all board members.”

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

“The school board is responsible for determining the annual salary of all schoool personnel.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Ryan Banks Academy
EIN
47-3666107
Address
1245 S MICHIGAN 212, CHICAGO, IL 60605

Signing Officer

Name
Kevin Berry
Title
Treasurer
Phone
2195103383
Signed
2021-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Groth
Formed
2015
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
7

Preparer

Firm
Evenhouse & Co Pc
Address
1S660 MIDWEST RD STE 250, OAKBROOK TERRACE, IL 60181-4460
Preparer
Benjamin D Meyer CPA
Phone
6308323225
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Ryan banks academy is chicago's first tuition-free, inner city, co-ed residential boarding school for underserved children grades 7th through 12th. Rba will combine a high-quality, future-facing steam curriculum with an integrated social-emotional education in order to propel students out of poverty and into the next generations of leaders, thinkers, and world- changers.”

Form 990, Page 12, Part XII, Line 1

“The return mistakenly had the accrual marked as the accounting method in the prior year, but it should have been cash as that is what the organizations accounting method has been all along.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Examples of tax positions include the tax-exempt status of the organization and the continued tax exempt status of various positions related to the potential sources of unrelated business taxable income (ubti). At june 30, 2020, there were no unrecognized tax benefits identified or recorded as liabiliites.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt08180
IRS990/OtherExpensesGrp/ProgramServicesAmt19165
IRS990/OtherExpensesGrp/ProgramServicesAmt25325
IRS990/OtherExpensesGrp/TotalAmt016360
IRS990/OtherExpensesGrp/TotalAmt19165
IRS990/OtherExpensesGrp/TotalAmt25325
IRS990/OtherExpensesGrp/TotalAmt34834
IRS990/OtherLiabilitiesGrp/EOYAmt066782
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt086093
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0258280
IRS990/OtherSalariesAndWagesGrp/TotalAmt0344373
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06452
IRS990/PayrollTaxesGrp/ProgramServicesAmt019355
IRS990/PayrollTaxesGrp/TotalAmt025807
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0VALERIE GROTH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0337845
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt062862
IRS990/PYRevenuesLessExpensesAmt0-34161
IRS990/PYSalariesCompEmpBnftPaidAmt0309144
IRS990/PYTotalExpensesAmt0372006
IRS990/PYTotalRevenueAmt0337845
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-190653
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND THE CONTINUED TAX EXEMPT STATUS OF VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). AT JUNE 30, 2020, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILIITES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalLiabilityAmt066782
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RYAN BANKS ACADEMY PUBLICIZES THEIR RACIALLY NONDISCRIMINATORY POLICY ON THE REGISTRATION PAGE OF THEIR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RYAN BANKS ACADEMY IS CHICAGO'S FIRST TUITION-FREE, INNER CITY, CO-ED RESIDENTIAL BOARDING SCHOOL FOR UNDERSERVED CHILDREN GRADES 7TH THROUGH 12TH. RBA WILL COMBINE A HIGH-QUALITY, FUTURE-FACING STEAM CURRICULUM WITH AN INTEGRATED SOCIAL-EMOTIONAL EDUCATION IN ORDER TO PROPEL STUDENTS OUT OF POVERTY AND INTO THE NEXT GENERATIONS OF LEADERS, THINKERS, AND WORLD- CHANGERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN OFFICER OF THE BOARD RECEIVES A COPY OF THE RETURN FOR REVIEW PRIOR TO FILING. COPIES OF THE RETURN ARE MADE AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL BOARD IS RESPONSIBLE FOR DETERMINING THE ANNUAL SALARY OF ALL SCHOOOL PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN MISTAKENLY HAD THE ACCRUAL MARKED AS THE ACCOUNTING METHOD IN THE PRIOR YEAR, BUT IT SHOULD HAVE BEEN CASH AS THAT IS WHAT THE ORGANIZATIONS ACCOUNTING METHOD HAS BEEN ALL ALONG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 1
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt063136
IRS990/TotalAssetsEOYAmt0157347
IRS990/TotalAssetsGrp/BOYAmt063136
IRS990/TotalAssetsGrp/EOYAmt0157347
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0513801
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0117894
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0228627
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0357933
IRS990/TotalFunctionalExpensesGrp/TotalAmt0704454
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt066782
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt066782
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt063136
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt090565
IRS990/TotalProgramServiceExpensesAmt0357933
IRS990/TotalReportableCompFromOrgAmt0205142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0513801
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063136
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0157347
IRS990/TravelGrp/FundraisingAmt02016
IRS990/TravelGrp/ProgramServicesAmt02016
IRS990/TravelGrp/TotalAmt04032
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01130 S MICHIGAN 3109
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060605
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0WWW.RYANBANKSACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN BERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02195103383
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RYAN BANKS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0RYAN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$157,347
Liabilities
$66,782
Net assets
$90,565
Revenue
$513,801
Expenses
$704,454
Net income
-$190,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.40$0.00$3.40$6.53$6.18$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.71$2.99$6.97$4.89$2.08
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.67$0.91$5.14$7.04$1.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.63$3.38$3.72$0.34
2018Summary only. Only limited summary data is available for this year.$0.97$0.00$1.02$0.25$0.78