2023-05-01T11:14:45-05:00 2022-12-31 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2022-01-01 475245046 Banyan Investment Corporation BANY 6127228512 2529 13th Avenue South Minneapolis MN 55404 Carl Schlueter President 6127228512 2023-04-13 1 Carl Schlueter XXX-XX-XXXX 0 Steven D Anseth CPA P00552219 9528359090 2023-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Carl Schlueter 2529 13th Avenue South Minneapolis MN 55404 51231 0 X www.BanyanCommunity.org X 2015 MN Banyan Investment Corporation exists for the purpose of supporting Banyan Foundation, DBA Banyan Community, to meet its mission. 4 2 0 0 0 0 0 0 0 0 53191 51231 0 0 53191 51231 0 4741288 0 0 0 0 0 0 0 4990 9560 4990 4750848 48201 -4699617 5782625 1036069 0 0 5782625 1036069 Banyan Investment Corporation exists for the purpose of supporting Banyan Foundation, DBA Banyan Community, to meet its mission. 0 0 4741288 4741288 The Organization is organized and will operate exclusively for charitable and educational purposes, and for the benefit of, to support the functions of, and to assist in carrying out the purposes of Banyan Community. 4741288 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X X Dan Olthoff 6127228512 2529 13th Avenue South Minneapolis MN 55404 Greg Good Chair 1.00 X X 0 0 0 Kyle Didier Treasurer/Secretary 1.00 X X 0 0 0 Carl Schlueter President 1.00 40.00 X X 0 78902 1523 Dan Olthoff Interim President 1.00 32.00 X X 0 77520 2326 0 156422 3849 0 0 0 0 0 51231 51231 51231 0 0 51231 4741288 4741288 8000 8000 1560 1560 4750848 4741288 9560 0 773476 792213 4724415 284734 243856 5782625 1036069 0 0 X 5782625 1036069 5782625 1036069 5782625 1036069 -4699617 -46939 0 X X 0 1 X 1 0 X X X 1 Banyan Foundation 411922813 7 1 4741288 0 1 4741288 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Banyan Foundation 2529 13th Avenue South Minneapolis MN 55404 411922813 4741288 0 To support Banyan Foundation Form 990, Part VI, Section A, line 8b The Organization does not have any committees which have the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Form 990 is presented to the finance committee of Banyan Foundation (note that BIC board member is on this finance committee) and then to the BIC board of directors. The finance committee meets with the independent auditor to review and ask questions. The finance committee makes a recommendation to the BIC board of directors to approve the 990 and the BIC board approves and files the form. Form 990, Part VI, Section B, line 12c Conflict of interest (COI) statements are prepared and reviewed on an annual basis for all officers and directors. Issues are raised, discussed and member is recused from voting if necessary. Form 990, Part VI, Section C, line 19 The Organization's governing documents will be made available upon request. Form 990, Part XII, Line 2c: This process has not changed from the prior year. Form 990 Page 12 Part 11 Line 9 Banyan Investment Corporation participated in the New Market Tax Credit program and acquired the debt owed by Banyan Foundation. Subsequently, per the related agreement with Banyan Foundation, provided debt forgiveness of two notes payable. The Banyan Foundation 2529 13th Avenue Minneapolis MN 55404 411922813 Youth Development MN 501(c)(3) Line 7 N/A 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 Banyan Foundation D 6566000 Debt agreements Part V Line 2 Banyan Investment Corporation participated in the New Market Tax Credit program and acquired the debt owed by Banyan Foundation. Subsequently, per the related agreement with Banyan Foundation, provided debt forgiveness of two notes payable.