Pacers Basketball Corp Foundation Inc
- Assets
- $1.5m
- Revenue
- $859.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/1994
- Data as of
- 06/2023
- EIN
- 35-1908365
Organization Overview
Pacers Basketball Corp Foundation Inc is located in Indianapolis, IN. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacers Basketball Corp Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Pacers Basketball Corp Foundation Inc generated $859.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $417.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pacers Basketball Corp Foundation Inc has awarded 260 individual grants totaling $2,535,549. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO RAISING FUNDS IN SUPPORT OF YOUTH-ORIENTED CHARITIES AND PROGRAMS ACROSS THE STATE OF INDIANA. IT SEEKS TO DRAW ON THE ENERGY, TEAM PRIDE, AND SPIRIT OF SELFLESSNESS THAT CHARACTERIZE PACER BASKETBALL TO HELP MAKE A DIFFERENCE FOR YOUNG PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DONATIONS ARE AWARDED TO VARIOUS 501(C)(3) GROUPS THAT ARE COMMITTED TO MAKING A DIFFERENCE IN THE LIVES OF INDIANA'S YOUTH BY ENCOURAGING THEM TO SET PERSONAL GOALS AND ACTUALIZE THEIR DREAMS.
MATH HOOPS IS A FOUR-YEAR INITIATIVE THAT ALIGNS A STATEWIDE FOCUS BY EDUCATION, BUSINESS AND CIVIC LEADERS TO STRENGTHEN ACCESS TO QUALITY STEM EDUCATION. DATA SHOWS PERSISTENT GAPS IN MATH PROFICIENCY, PARTICULARLY FOR LOWER-INCOME STUDENTS, EVEN AS MORE CAREERS DEMAND GREATER MASTERY OF STEM SUBJECTS. THE NBA MATH HOOPS PROGRAM HAS DEMONSTRATED SUCCESS OVER TIME IN IMPROVING OUTCOMES IN CITIES WHERE IT HAS BEEN IMPLEMENTED THROUGH SCHOOLS AND COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Simon Chair | OfficerTrustee | 1 | $0 |
Mel Raines Vice Chair | OfficerTrustee | 1 | $0 |
Matt Albrecht Treasurer | OfficerTrustee | 1 | $0 |
Corey Wilson Executive Director And Sec | OfficerTrustee | 10 | $0 |
Bill Benner Board Member | Trustee | 1 | $0 |
Danny Lopez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $326,014 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,129 |
| Noncash contributions included in lines 1a–1f | $41,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,143 |
| Total Program Service Revenue | $0 |
| Investment income | $41,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,601 |
| Net Income from Fundraising Events | -$79,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,092 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,051 |
| Compensation of current officers, directors, key employees. | $16,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,154 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,680 |
| Fees for services: Other | $29,023 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,865 |
| All other expenses | $805 |
| Total functional expenses | $417,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,271 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,355 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $964,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $664 |
| Total assets | $1,495,172 |
| Accounts payable and accrued expenses | $76,161 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,161 |
| Net assets without donor restrictions | $1,073,179 |
| Net assets with donor restrictions | $345,832 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,495,172 |
Grants Awarded
Over the last fiscal year, Pacers Basketball Corp Foundation Inc has awarded $51,584 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GLEANERS FOOD BANK PURPOSE: PROVIDE FOOD FOR THE HUNGRY | $9,584 |
CHILD ADVOCATES PURPOSE: YOUTH DEVELOPMENT | $5,000 |
ST MARY'S EARLY CHILDHOOD CENTER PURPOSE: YOUTH DEVELOPMENT | $5,000 |
INDIANA LATINO INSTITUTE PURPOSE: BOLSTER CUSTOMIZED ONE-ON-ONE COLLEGE ACCESS AND FINANCIAL AID INFORMATION FOR LATINO HIGH SCHOOL STUDENTS | $8,000 |
COBURN PLACE SAFEHAVEN INC PURPOSE: SUPPORT CHILDREN'S SERVICES | $8,000 |
YWCA NORTHEAST INDIANA PURPOSE: SUPPORT COMMUNITY EDUCTION PROGRAM | $8,000 |