Banto Center for Innovation and Entrepreneurship Inc
Banto Center for Innovation and Entrepreneurship Inc is a private foundation, based in Broadview Heights, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 7 grants totaling $13K.
Banto Center for Innovation and Entrepreneurship Inc at a glance
In short: Banto Center for Innovation and Entrepreneurship Inc gave $13K across 7 grants in 2024 (avg $2K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $13,153
- +104.3% vs 2023
- Grants made (2024)
- 7
- +250.0% vs 2023
- Average grant
- $1,879
- -41.6% vs 2023
- Median grant
- $538
- Total assets
- $2,721
- -49.2% vs 2023
- Primary geography
- Ohio (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Banto Center for Innovation and Entrepreneurship Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Bethany Hungarian Baptist Church ($6K). Together the top 7 received $13K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Banto Center for Innovation and Entrepreneurship Inc gives
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4K (2022) to $16K (2021). In 2024 it made 7 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bethany Hungarian Baptist Church Cleveland, OH | General Fund | $6,000 |
| Cuyahoga Valley Church Broadview Hts, OH | General Fund | $3,600 |
| City Club of Cleveland Cleveland, OH | General Fund | $2,000 |
| Signal Cleveland Columbus, OH | General Fund | $538 |
| Hungarian Media Foundation Brecksville, OH | General Fund | $400 |
| Moody Bible Institute Chicago, IL | General Fund | $365 |
| Cleveland Museom of Art Cleveland, OH | General Fund | $250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $2,721 | $12,100 | $14,733 | $13,153 | 7 | $13,153 | — |
| 2023 | $5,354 | $5,000 | $6,546 | $6,438 | 2 | $6,438 | $12 |
| 2022 | $6,900 | $10,100 | $3,718 | $3,574 | 2 | $3,574 | $30 |
| 2021 | $518 | $16,206 | $17,143 | $15,898 | 4 | $15,898 | $161 |
| 2020 | $1,455 | $13,800 | $17,073 | $14,155 | 2 | — | $205 |
Leadership & Key People
Officers and directors from IRS filings
Banto Center for Innovation and Entrepreneurship Inc is led by Borbala Banto, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Borbala Banto
President
On filings since 2020
1 hr/week
No compensation reported
Laszlo Szilagyi
Trustee
On filings since 2020
1 hr/week
No compensation reported
Attila Banto
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Banto Center for Innovation and Entrepreneurship Inc
How much does Banto Center for Innovation and Entrepreneurship Inc give each year?
Banto Center for Innovation and Entrepreneurship Inc gave $13K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6K across 2 grants.
What is Banto Center for Innovation and Entrepreneurship Inc's typical grant size?
Banto Center for Innovation and Entrepreneurship Inc's median grant in 2024 was $538, and its average grant was $1,879, across 7 grants on its 2024 IRS Form 990-PF.
Where does Banto Center for Innovation and Entrepreneurship Inc give grants?
Banto Center for Innovation and Entrepreneurship Inc gives mostly in Ohio: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleveland, OH (3 grants).
Does Banto Center for Innovation and Entrepreneurship Inc give general operating support?
Yes: 100% of Banto Center for Innovation and Entrepreneurship Inc's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Banto Center for Innovation and Entrepreneurship Inc's largest grantees?
Banto Center for Innovation and Entrepreneurship Inc's largest 2024 grantees include Bethany Hungarian Baptist Church ($6,000), Cuyahoga Valley Church ($3,600) and City Club of Cleveland ($2,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is Banto Center for Innovation and Entrepreneurship Inc?
Banto Center for Innovation and Entrepreneurship Inc reported $3K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $12K.
What is Banto Center for Innovation and Entrepreneurship Inc's EIN?
Banto Center for Innovation and Entrepreneurship Inc's EIN (Employer Identification Number) is 83-2416926. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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