JESSIE BANKS FOUNDATION

EIN: 300051001 501(c)(3) Education

ENGLEWOOD CLIFFS, NJ

Total Revenue
$196,924
Total Expenses
$205,129
Total Assets
$21,776
Net Assets
$21,776
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
SHARON BANK WILLIAMS
Phone
2019619373
Tax Period
2025-01-01 to 2025-12-31

JESSIE BANKS FOUNDATION, founded in 2003, is a small nonprofit in the Education sector that reported $197K in total revenue in fiscal year 2025.

Mission

PROVIDING SCHOLARSHIPS TO HIGH SCHOOL GRADUATING SENIORS OR COLLEGE FRESHMANS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $196,924
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $196,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,000
Fundraising Expenses $0
Program Expenses $193,129
Other Expenses $193,129
TOTAL EXPENSES $205,129

Year-over-Year Comparison

2025 2024 Change
Revenue $196,924 $186,712 +0.1%
Expenses $205,129 $180,709 +0.1%
Net Income $-8,205 $6,003 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$12,000
Total Directors
0
$0
Key Employees
1
$12,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON BANKS WILLIAMS PRESIDENT 20
Officer Key Emp
$0 $12,000 $12,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $196,924 $205,129 $21,776 $-8,205
2024 No data No data No data No data
2023 $182,063 $171,959 $23,978 $10,104
2022 $197,593 $185,596 $13,874 $11,997
2021 $55,908 $54,031 $1,877 $1,877
2020 No data $15,395 No data No data
2019 $118,547 $119,931 No data $-1,384
2018 $92,851 $98,896 No data $-6,045
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