Financial Overview

True Program Costs: Core Mission Support

Banyan is interested in sharing the true costs of our programs and the vital importance of strong organizational infrastructure. Each of our programs is built around, is supported by, and shares responsibility for Core Mission Support. This visual is one way to accurately present the proportionate costs of our programs in a new format, one that aligns with the strategic and financial reality of how nonprofit organizations really work.

All of the resources we need to accomplish our programs are the True Program Costs, which include four types of expenses:

Total 2020 General Operating Expense: $2,128,564
Direct Expenses: Program-Specific: $1,170,052
Direct Expenses: Shared by Programs: $424,141
Core Mission Support: Finance, HR, and Board: $229,056
Core Mission Support: Fundraising & Partners: $305,315

The growth and effectiveness of our mission work depends on having a solid core at the center of our organization. Investing in our infrastructure is smart, prudent, and absolutely necessary.

2020 Funding Sources

Foundations/Corporations $882,282 46%
Individuals $471,022 24%
Government $407,180* 21%
Special Events $157,746 8%
Congregations $9,075 1%
Interest/Investment $272 <1%
Total Revenues $1,927,577 100%

*Includes Paycheck Protection Loan Forgiveness of $218,100

2020 Statement of Consolidated Financial Position

Total Assets: $12,481,110
Total Liabilities: $6,741,027
Total Net Assets: $5,740,083
Total Liabilities & Net Assets: $12,481,110

Audited Financials are available upon request

Charities Review Council "Meets Standards"

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Banyan Parent

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Banyan Parent

“Sometimes I think of moving to the suburbs due to the drug and homeless issues but, then I think of Banyan and my neighbors, friends and family and I say – I CAN NEVER LEAVE PHILLIPS.”

Community Council Member

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Banyan Youth

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Banyan Parent

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Banyan Youth

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