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EIN 81-4086211

Banyan Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Detroit
State
Michigan
Year formed
2016
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
Banyan Foundation is a private foundation in Detroit, MI, which was founded in 2016 and most recently had $1,265 in revenue and no employees.
Total revenues
$1,265
2022
Total expenses
$10,888
2022
Total assets
$111,630
2022
Num. employees
n/a

Program areas at Banyan Foundation

The grants from Banyan Foundation allow entrepreneurs to launch new businesses or assist in stablizing or expanding existing ones. To date, these businesses have been located in the detroit neighborhoods and the majority of these have been minority-owned.
Helps the entity come closer to its goal of becoming self-sustaining

Personnel at Banyan Foundation

NameTitleCompensation
Scott OrdGeneral Manager and Secretary$0
Aamir FarooqiPresident$0

Financials for Banyan Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$0
Net rental income$-7,913
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,265

Form 990s for Banyan Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-122021-11-12990PFView PDF
2019-122021-06-10990PFView PDF
2018-122020-02-14990PFView PDF
2017-122019-03-15990PFView PDF
2016-122017-09-12990PFView PDF
Data update history
June 21, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
August 15, 2020
Used new vendors
Identified 3 new vendors, including , , and
May 24, 2020
Posted financials
Added Form 990PF for fiscal year 2018
May 21, 2020
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Community improvement
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
PO Box 15096
Detroit, MI 48215
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
banyandirect.com/the-banyan-foundation 
Phone
(313) 499-8237
IRS details
EIN
81-4086211
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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