2021 All-Star Inc
- Assets
- $206.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2023
- EIN
- 83-1210277
Organization Overview
2021 All-Star Inc, operating under the name Nba All-Star 2024, is located in Indianapolis, IN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nba All-Star 2024 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Nba All-Star 2024 generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nba All-Star 2024 has awarded 25 individual grants totaling $1,141,329. 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
ENGAGING IN, ADVANCING, PROMOTING, SUPPORTING AND ADMINISTERING ACTIVITIES AND PROJECTS RELATED TO HOSTING THE NBA ALL-STAR WEEKEND IN INDIANAPOLIS IN 2024.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGING, PROMOTING AND PREPARING INDIANAPOLIS AND SURROUNDING AREAS FOR AN ENTERTAINING, SAFE AND COMPREHENSIVE CELEBRATION OF THE NBA ALL-STAR 2024. IN CONNECTION WITH HOSTING THE GAME, THE ORGANIZATION EXPECTS TO ORGANIZE AND LEAD MARQUEE ALL-STAR EVENTS IN COORDINATION WITH THE NBA INCLUDING NBA RISING STARS CHALLENGE, NBA ALL-STAR SATURDAY NIGHT, HBCU CLASSIC, NBA ALL-STAR CELEBRITY GAME, NBA CROSSOVER AND THE NBA ALL-STAR GAME. THE ORGANIZATION IS INVOLVED WITH PLANS FOR LOCALLY FOCUSED EVENTS RELATED TO NBA ALL-STAR 2024 WHICH INCLUDE THE TIP-OFF, MEAL PACKING VOLUNTEER EVENT, THE CULTURAL CORRIDOR, LIGHTING DISPLAYS AND INTERACTIVE EXPERIENCES. THESE EVENTS WILL PROVIDE BENEFIT TO PEOPLE OF ALL AGES WITHIN THE COMMUNITY AND BEYOND.
CREATED MEANINGFUL LEGACY INITIATIVE FOCUSED ON YOUTH-SERVING NONPROFIT ORGANIZATIONS ACROSS INDIANA. THE INITIATIVE FUNDS CAPITAL IMPROVEMENT PROJECTS. EACH OF THE GRANTEE ORGANIZATIONS NOMINATED HIGH SCHOOL STUDENTS TO RECEIVE A SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Fuson Founding Chair | OfficerTrustee | 1 | $0 |
Michele Raines President | OfficerTrustee | 1 | $0 |
Matt Albrecht Secy/treasurer | OfficerTrustee | 1 | $0 |
Aasif Bade Co-Chair | OfficerTrustee | 1 | $0 |
Tamika Catchings Co-Chair | OfficerTrustee | 1 | $0 |
Cynthia Simon-Skjodt Co-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,157,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,157,533 |
| Total Program Service Revenue | $60,870 |
| Investment income | $8,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,227,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| Grants and other assistance to domestic individuals. | $57,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,211 |
| 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 | $250,834 |
| Advertising and promotion | $256,091 |
| Office expenses | $9,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,426 |
| 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 | $81,510 |
| All other expenses | $205,170 |
| Total functional expenses | $2,751,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,522 |
| Accounts payable and accrued expenses | $512,803 |
| Grants payable | $82,600 |
| 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 | $595,403 |
| Net assets without donor restrictions | -$388,881 |
| Net assets with donor restrictions | $0 |
| 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 | $206,522 |
Grants Awarded
Over the last fiscal year, 2021 All-Star Inc has awarded $125,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE HIGHER FOUNDATION PURPOSE: EXPOSE YOUNG PEOPLE TO HEALTHY EATING | $50,000 |
BOYS AND GIRLS CLUB OF ST JOSEPH COUNTY PURPOSE: GYM RENOVATIONS | $25,000 |
PHALEN LEADERSHIP ACADEMY PURPOSE: NEW GYMNASIUM FLOORING | $25,000 |
CHRISTAMORE HOUSE PURPOSE: NEW STATE OF THE ART STEAM LAB | $25,000 |