Skip to content
ProPublica Donate
ProPublica Donate

James P Banks Foundation

  • Chicago, IL
  • Tax-exempt since Jan. 2016
  • EIN: 47-5582111

Organization summary

Type of Nonprofit

Designated as a 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$459k (2024)

Expenses
$278k (2024)

Total Assets
$3.79M (2024)

Total Liabilities
$5.23k (2024)

Source: Form 990 tax filings from 2016 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$458,737
Expenses
$278,069
Net Income
$180,668
Net Assets
$3,783,327
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $303,088
66.1%
Interest Revenue $112,567
24.5%
Dividends $0
Sales of Assets $43,082
9.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $155,000
55.7%
Compensation of Officers* $80,000
28.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,788,555
Total Liabilities $5,228
Net Assets $3,783,327
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Public Relations Man) $80,000 $0
Joseph A O'brien (President) $0 $0
Justin Terzo (Treasurer) $0 $0
Wendy A O'brien (Secretary) $0 $0
James P Banks (Former President) $0 $0
+ View more people

Document Links

990-PF
Filed on Aug. 14, 2024

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

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$715,290
Expenses
$271,350
Net Income
$443,940
Net Assets
$3,876,936
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,741
42.0%
Interest Revenue $120,370
16.8%
Dividends $0
Sales of Assets $294,179
41.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $155,000
57.1%
Compensation of Officers* $80,000
29.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,876,936
Total Liabilities $0
Net Assets $3,876,936
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Public Relations Man) $80,000 $0
James P Banks (President) $0 $0
Justin Terzo (Secretary) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Dec. 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$999,226
Expenses
$296,933
Net Income
$702,293
Net Assets
$3,702,087
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $344,732
34.5%
Interest Revenue $81,124
8.1%
Dividends $0
Sales of Assets $573,370
57.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $185,000
62.3%
Compensation of Officers* $80,000
26.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,702,087
Total Liabilities $0
Net Assets $3,702,087
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Public Relations Man) $80,000 $0
James P Banks (President) $0 $0
Justin Terzo (Secretary) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 14, 2022

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

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$370,383
Expenses
$308,107
Net Income
$62,276
Net Assets
$3,322,192
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $211,068
57.0%
Interest Revenue $66,942
18.1%
Dividends $0
Sales of Assets $92,373
24.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $185,000
60.0%
Compensation of Officers* $80,000
26.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,322,192
Total Liabilities $0
Net Assets $3,322,192
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Public Relations Man) $80,000 $0
James P Banks (President) $0 $0
Justin Terzo (Secretary) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on March 7, 2022

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

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$644,359
Expenses
$320,197
Net Income
$324,162
Net Assets
$3,438,068
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $375,842
58.3%
Interest Revenue $70,972
11.0%
Dividends $0
Sales of Assets $197,545
30.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,000
67.1%
Compensation of Officers* $75,000
23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,438,069
Total Liabilities $1
Net Assets $3,438,068
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Sec/Pub Relation Mgr) $75,000 $0
James P Banks (President) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0

Document Links

990-PF
Filed on Nov. 18, 2020

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

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$392,479
Expenses
$285,061
Net Income
$107,418
Net Assets
$3,336,517
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $327,200
83.4%
Interest Revenue $86,468
22.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $162,000
56.8%
Compensation of Officers* $60,000
21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,336,518
Total Liabilities $1
Net Assets $3,336,517
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Sec/Pub Relation Mgr) $60,000 $0
James P Banks (President) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0

Document Links

990-PF
Filed on Jan. 30, 2020

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

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$868,341
Expenses
$225,249
Net Income
$643,092
Net Assets
$3,320,958
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,159
34.6%
Interest Revenue $89,656
10.3%
Dividends $0
Sales of Assets $478,526
55.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,000
60.8%
Compensation of Officers* $60,000
26.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,320,958
Total Liabilities $0
Net Assets $3,320,958
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Sec/Pub Rela) $60,000 $0
James P Banks (President) $0 $0
Joseph O'brien Sr (Treasurer) $0 $0

Document Links

990-PF
Filed on Jan. 16, 2019

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

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$591,075
Expenses
$155,222
Net Income
$435,853
Net Assets
$2,778,528
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $366,029
61.9%
Interest Revenue $69,143
11.7%
Dividends $0
Sales of Assets $155,903
26.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,000
41.9%
Compensation of Officers* $60,000
38.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,778,528
Total Liabilities $0
Net Assets $2,778,528
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Sec/Pub Rela) $60,000 $0
James P Banks (President) $0 $0
Joseph O'brein Sr (Treasurer) $0 $0

Document Links

990-PF
Filed on Dec. 18, 2017

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

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,521,083
Expenses
$39,978
Net Income
$2,481,105
Net Assets
$2,481,105
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500,000
99.2%
Interest Revenue $8,008
0.3%
Dividends $10,780
0.4%
Sales of Assets $2,295
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $32,500
81.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,481,105
Total Liabilities $0
Net Assets $2,481,105
Compensation
Key Employees and Officers Compensation Other
Marti Jadd (Sec/Pub Rela) $32,500 $0
James P Banks (President) $0 $0
Joseph O'brein Sr (Treasurer) $0 $0

Document Links

990-PF
Filed on Jan. 30, 2017

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

View Filing
PDF XML

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated