Philadelphia Youth Basketball Inc
- Assets
- $5.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 53
- Location
- Philadelphia, PA
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 47-3758442
Organization Overview
Philadelphia Youth Basketball Inc is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Philadelphia Youth Basketball Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Youth Basketball 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 06/2021, Philadelphia Youth Basketball Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 19.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUNG PEOPLE TO DEVELOP THEIR FULL POTENTIAL AS STUDENTS, ATHLETES, AND POSITIVE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILADELPHIA YOUTH BASKETBALL ("PYB") DELIVERS YEAR-ROUND PROGRAMMING TO NEARLY 1,300 PARTICIPANTS LED BY SKILLED, CARING, AND AUTHENTIC COACH-MENTORS. CENTRAL TO OUR APPROACH IS THE NOTION THAT BASKETBALL IS AN ICONIC GAME IN OUR CITY AND REGION, TRANSCENDING LINES THAT HISTORICALLY DIVIDE US LINES OF RACE AND ETHNICITY, NEIGHBORHOOD, AND ECONOMIC CIRCUMSTANCE TO CREATE RELATIONSHIPS THAT BIND US TOGETHER. THROUGH A COMBINATION OF BASKETBALL SKILL-BUILDING AND GAME-PLAY, ACADEMIC ENRICHMENT, POSITIVE COACHING AND MENTORSHIP, HEALTHY MEALS AND NUTRITION INFORMATION, LEADERSHIP DEVELOPMENT, AND MORE, WE ARE COMMITTED TO HELPING YOUNG PEOPLE BUILD POSITIVE RELATIONSHIPS WITH THEIR PEERS AND ADULTS, LEARNING AND EDUCATION, COMMUNITY, AND FUTURE TRAJECTORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Holdsman President & CEO | OfficerTrustee | 70 | $234,888 |
Debbit Zumoff Secretary | OfficerTrustee | 2 | $0 |
John Langel Chairman | OfficerTrustee | 2 | $0 |
Robert Quint Treasurer | OfficerTrustee | 2 | $0 |
Douglas Young Vice President | OfficerTrustee | 2 | $0 |
Michael Cohen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $685,298 |
| Related organizations | $0 |
| Government grants | $259,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,531,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,476,689 |
| Total Program Service Revenue | $26,299 |
| Investment income | $9,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,515,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $261,048 |
| Compensation of current officers, directors, key employees. | $65,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,136 |
| Payroll taxes | $70,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,474 |
| Advertising and promotion | $0 |
| Office expenses | $53,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,309 |
| Travel | $17,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,469 |
| Insurance | $25,985 |
| All other expenses | $0 |
| Total functional expenses | $1,420,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,021 |
| Savings and temporary cash investments | $277,652 |
| Pledges and grants receivable | $2,847,067 |
| 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 | $160,851 |
| Net Land, buildings, and equipment | $1,247,318 |
| Investments—publicly traded securities | $792,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,613,028 |
| Accounts payable and accrued expenses | $251,911 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,615 |
| Total liabilities | $416,526 |
| Net assets without donor restrictions | $2,021,212 |
| Net assets with donor restrictions | $3,175,290 |
| 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 | $5,613,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia Youth Basketball Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bill And Del Duffy Family Foundation Yardley, PA PURPOSE: HUMAN SERVICES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South West Lmc Inc Ona, WV | $364,106 | $8,913,283 |
Together Every1 Achieves More Inc Gwynn Oak, MD | $1,472,727 | $5,366,148 |
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Philadelphia Youth Basketball Inc Philadelphia, PA | $5,613,028 | $5,515,236 |
North Pittsburgh Youth Hockey Association Warrendale, PA | $437,392 | $1,288,322 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
District Of Columbia Approved Basketball Officials Association I Silver Spring, MD | $111,562 | $892,920 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Renegades Southampton, PA | $191,636 | $540,042 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |
Ozanam Inc Pittsburgh, PA | $112,496 | $419,233 |
Mvp Basketball Camps Inc White Plains, NY | $162,806 | $376,016 |