Joseph B And Virginia H Banks Foundation

Wilkes Barre, PA
Tax-exempt since July 1998
EIN: 23-2953650

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

−$54.7k (2023)

Expenses

$102k (2023)

Total Assets

$1.64M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

-$54,675

Expenses

$102,455

Net Income

-$157,130

Net Assets

$1,641,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$44,924
Sales of Assets	-$99,599
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$94,450	92.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,641,187
Total Liabilities	$0
Net Assets	$1,641,187

Compensation

Key Employees and Officers	Compensation	Other
J Christopher Banks (Trustee)	$0	$0
J Gregory Banks (Trustee)	$0	$0
Jennifer Banks Santo (Trustee)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 10, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$65,195

Expenses

$86,658

Net Income

-$21,463

Net Assets

$1,798,317

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,048	> 100%
Sales of Assets	-$10,853
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,450	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,798,317
Total Liabilities	$0
Net Assets	$1,798,317

Compensation

Key Employees and Officers	Compensation	Other
J Christopher Banks (Trustee)	$0	$0
J Gregory Banks (Trustee)	$0	$0
Jennifer Banks Santo (Trustee)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$185,617

Expenses

$119,789

Net Income

$65,828

Net Assets

$1,819,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$131,727	71.0%
Sales of Assets	$53,890	29.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,952	85.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,819,780
Total Liabilities	$0
Net Assets	$1,819,780

Compensation

Key Employees and Officers	Compensation	Other
J Christopher Banks (Trustee)	$0	$0
J Gregory Banks (Trustee)	$0	$0
Jennifer Banks Santo (Trustee)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,339,821

Expenses

$59,073

Net Income

$1,280,748

Net Assets

$1,753,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	74.6%
Interest Revenue	$16	0.0%
Dividends	$32,285	2.4%
Sales of Assets	$307,520	23.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,953	91.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,753,952
Total Liabilities	$1
Net Assets	$1,753,951

Compensation

Key Employees and Officers	Compensation	Other
J Christopher Banks (Trustee)	$0	$0
J Gregory Banks (Trustee)	$0	$0
Jennifer Banks Santo (Trustee)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$56,602

Expenses

$57,501

Net Income

-$899

Net Assets

$473,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46	0.1%
Dividends	$27,692	48.9%
Sales of Assets	$28,864	51.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,066	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$473,204
Total Liabilities	$1
Net Assets	$473,203

Compensation

Key Employees and Officers	Compensation	Other
J Christopher Banks (Trustee)	$0	$0
J Gregory Banks (Trustee)	$0	$0
Jennifer Banks Santo (Trustee)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 11, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$23,958

Expenses

$58,351

Net Income

-$34,393

Net Assets

$474,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$95	0.4%
Dividends	$25,417	> 100%
Sales of Assets	-$1,554
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,541	90.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$474,103
Total Liabilities	$0
Net Assets	$474,103

Compensation

Key Employees and Officers	Compensation	Other
Virginia H Banks (Trustee)	$0	$0
J Christopher Banks (Advis Board Mem)	$0	$0
J Gregory Banks (Advis Board Mem)	$0	$0
Jennifer Banks Santo (Advis Board Mem)	$0	$0
Margaret L Banks (Advis Board Mem)	$0	$0
Lisa Banks (Advis Board Mem)	$0	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$57,487

Expenses

$47,072

Net Income

$10,415

Net Assets

$508,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$438	0.8%
Dividends	$23,112	40.2%
Sales of Assets	$33,937	59.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,767	88.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$508,496
Total Liabilities	$0
Net Assets	$508,496

Compensation

Key Employees and Officers	Compensation	Other
Virginia H Banks (Trustee)	$0	$0
J Christopher Banks (Advisory Board Member)	$0	$0
J Gregory Banks (Advisory Board Member)	$0	$0
Jennifer Banks Santo (Advisory Board Member)	$0	$0
Margaret L Banks (Advisory Board Member)	$0	$0
Lisa Banks (Advisory Board Member)	$0	$0

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990-PF

Filed on May 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$40,668

Expenses

$25,751

Net Income

$14,917

Net Assets

$498,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$137	0.3%
Dividends	$21,875	53.8%
Sales of Assets	$18,656	45.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,000	69.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$498,081
Total Liabilities	$0
Net Assets	$498,081

Compensation

Key Employees and Officers	Compensation	Other
Virginia H Banks (Trustee)	$0	$0
J Christopher Banks (Advisory Board Member)	$0	$0
J Gregory Banks (Advisory Board Member)	$0	$0
Jennifer Banks Santo (Advisory Board Member)	$0	$0
Margaret L Banks (Advisory Board Member)	$0	$0
Lisa Banks (Advisory Board Member)	$0	$0

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990-PF

Filed on May 11, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$76,946

Expenses

$21,129

Net Income

$55,817

Net Assets

$483,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$17,734	23.0%
Sales of Assets	$59,201	76.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,000	75.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$483,164
Total Liabilities	$0
Net Assets	$483,164

Compensation

Key Employees and Officers	Compensation	Other
Virginia H Banks (Trustee)	$0	$0
J Christopher Banks (Advisory Board Member)	$0	$0
J Gregory Banks (Advisory Board Member)	$0	$0
Jennifer Banks Santo (Advisory Board Member)	$0	$0
Margaret L Banks (Advisory Board Member)	$0	$0
Lisa Banks (Advisory Board Member)	$0	$0

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990-PF

Filed on May 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$30,784

Expenses

$18,374

Net Income

$12,410

Net Assets

$427,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$16,040	52.1%
Sales of Assets	$14,742	47.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,000	76.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$427,347
Total Liabilities	$0
Net Assets	$427,347

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$26,872

Expenses

$18,506

Net Income

$8,366

Net Assets

$414,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$14,111	52.5%
Sales of Assets	$12,759	47.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,750	74.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$414,937
Total Liabilities	$0
Net Assets	$414,937

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$30,763

Expenses

$14,369

Net Income

$16,394

Net Assets

$406,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15	0.0%
Dividends	$12,923	42.0%
Sales of Assets	$17,825	57.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,050	76.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$406,571
Total Liabilities	$0
Net Assets	$406,571

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$18,755

Expenses

$29,672

Net Income

-$10,917

Net Assets

$390,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$10,433	55.6%
Sales of Assets	$8,320	44.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,700	90.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$390,177
Total Liabilities	$0
Net Assets	$390,177

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated August 21, 2025

Joseph B And Virginia H Banks Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$54.7k (2023)

Expenses $102k (2023)

Total Assets $1.64M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

−$54.7k (2023)

Expenses

$102k (2023)

Total Assets

$1.64M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001