Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Jimmy Banks Academy Inc
EIN 84-1801722 • 501(c)3 • Milwaukee, WI
Pub. 78 Eligible990-N CoverageNTEE O50
Profile
Youth Amateur Sports & Youth Development
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.53x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
32nd percentile
Higher net margin than 32% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$809
No earlier filing loaded for comparison.
Liabilities
$425
No earlier filing loaded for comparison.
Net Assets
$384
No earlier filing loaded for comparison.
Revenue
$109,435
No earlier filing loaded for comparison.
Expenses
$110,051
No earlier filing loaded for comparison.
Net Income
-$616
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $809
- Liabilities
- $425
- Net assets
- $384
- Revenue
- $109,435
- Expenses
- $110,051
- Net income
- -$616
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $109,435
Mission and Program Overview
Mission
Youth Amateur Sports & Youth Development
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Soccer Academy ~ Used soccer to equip essential life skills ~ self-awareness/discipline, good communication, conflict resolution, teamwork, respect, and leadership in 55 youth ages 5-17 from Milwaukee County & SE WI. ? help Provided soccer development and coach training. Distributed new soccer equipment to youth participants. | $60,000 | $60,000 |
| 4Ward Education Academy ~ Distributed literacy material and resources, held goal-setting workshops to support youth academic and economic success. Launched an 8-Week Financial Literacy Program for 75 youth & encouraged them to share with parents, as well as provided financial literacy resources to 100 participants. | $30,000 | $30,000 |
| Mentorship Academy ~ Held support sessions for 55 youth to write & work on personal visions. Hosted 10 career development and readiness trainings. Created 4 internship opportunities. Employed 3 youth via workforce partnerships. Provided 137 new coats. All initiatives help the youth we serve have a brighter future. | $20,051 | $20,051 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Demetrius Banks | CEO And Executive Director | PT | $0 | - | - |
| La Toya Wimpie | Board Chair And Executive Secretary | PT | $0 | - | - |
| Jordan Banks | Treasurer | - | $0 | - | - |
| Jimmy Banks | Board Member | - | $0 | - | - |
| Christopher Perceptions | Board Member | - | $0 | - | - |
| Datherene Gant | Board Member | - | $0 | - | - |
| Kenneth Gold | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Jimmy Banks Academy Inc
- EIN
- 84-1801722
- Phone
- 4143232338
- Address
- 2847 N 49th Street, Milwaukee, WI 53210
Signing Officer
- Name
- La Toya Wimpie
- Title
- Executive Secretary
- Phone
- 4143232338
- Signed
- 2025-05-15
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8
“Part I, Revenue, Expenses, and Changes in Net Assets or Fund Balances. Description of other revenue, in response to line 8. The organization received: Contributed Income - In-kind Donations: Goods (soccer equipment and winter coats), which were distributed to the youth participants we serve. Soccer Equipment to 55 participants and Winter Coats to 137 participants.”
Form 990-EZ, Part I, Line 16
“Description of other expenses, in response to line 16. The organization programming services from Contributed Expenses - In-kind Donated for programming services.”
Form 990-EZ, Part II, Line 26
“Part II, Balance Sheets. Description of total liabilities, in response to line 26. The organization liabilities are payroll liabilities (federal taxes and WI. Income taxes) for 3 summer youth interns, which were paid in full by January 31, 2025 deadline.”
Raw XML Appendix186 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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Christopher Perceptions |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Kenneth Gold |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CEO and Executive Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Board Chair and Executive Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 90655 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 86556 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Youth Amateur Sports & Youth Development |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 301 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Soccer Academy ~ Used soccer to equip essential life skills ~ self-awareness/discipline, good communication, conflict resolution, teamwork, respect, and leadership in 55 youth ages 5-17 from Milwaukee County & SE WI. ? help Provided soccer development and coach training. Distributed new soccer equipment to youth participants. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | 4Ward Education Academy ~ Distributed literacy material and resources, held goal-setting workshops to support youth academic and economic success. Launched an 8-Week Financial Literacy Program for 75 youth & encouraged them to share with parents, as well as provided financial literacy resources to 100 participants. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Mentorship Academy ~ Held support sessions for 55 youth to write & work on personal visions. Hosted 10 career development and readiness trainings. Created 4 internship opportunities. Employed 3 youth via workforce partnerships. Provided 137 new coats. All initiatives help the youth we serve have a brighter future. |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 109435 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Part I, Revenue, Expenses, and Changes in Net Assets or Fund Balances. Description of other revenue, in response to line 8. The organization received: Contributed Income - In-kind Donations: Goods (soccer equipment and winter coats), which were distributed to the youth participants we serve. Soccer Equipment to 55 participants and Winter Coats to 137 participants. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description of other expenses, in response to line 16. The organization programming services from Contributed Expenses - In-kind Donated for programming services. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Part II, Balance Sheets. Description of total liabilities, in response to line 26. The organization liabilities are payroll liabilities (federal taxes and WI. Income taxes) for 3 summer youth interns, which were paid in full by January 31, 2025 deadline. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | La Toya Wimpie |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Secretary |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4143232338 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | JIMMY BANKS ACADEMY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | JIMM |
| ReturnHeader/Filer/EIN | 0 | 841801722 |
| ReturnHeader/Filer/PhoneNum | 0 | 4143232338 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2847 N 49th Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Milwaukee |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 53210 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T23:37:52-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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