National Basketball Association Foundation
- Assets
- $27.0m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 06/2021
- EIN
- 85-3122376
Organization Overview
National Basketball Association Foundation is located in New York, NY. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. National Basketball Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, National Basketball Association Foundation has awarded 16 individual grants totaling $4,050,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE ECONOMIC OPPORTUNITY IN BLACK COMMUNITIES THROUGH EMPLOYMENT AND CAREER DEVELOPMENT BY FUNDING PROGRAMS THAT GENERATE SUCCESSFUL TRANSITION FROM SCHOOL TO MEANINGFUL EMPLOYMENT FOR BLACK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE THROUGH ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES THROUGH EMPLOYMENT AND CAREER ADVANCEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Carpenter-Dennis Secretary | Officer | 2 | $0 |
Greg Taylor Executive Director | Officer | 40 | $0 |
Mark Tatum President | Officer | 2 | $0 |
Kathy Behrens Vice President | Officer | 2 | $0 |
Heidi Nadler Treasurer | Officer | 2 | $0 |
Gayle Benson Director | Trustee | 2 | $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 | $31,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $31,000,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,050,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $500,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $299,772 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,998 |
| Pension plan accruals and contributions | $14,450 |
| Other employee benefits | $19,209 |
| Payroll taxes | $24,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,361 |
| Fees for services: Accounting | $114,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,758 |
| Office expenses | $3,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $716 |
| 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 | $25,000 |
| All other expenses | $0 |
| Total functional expenses | $5,442,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,938,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $40,118 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,066 |
| Total assets | $26,984,536 |
| Accounts payable and accrued expenses | $352,372 |
| Grants payable | $1,075,000 |
| 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 | $1,427,372 |
| Net assets without donor restrictions | $25,557,164 |
| 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 | $26,984,536 |
Grants Awarded
Over the last fiscal year, National Basketball Association Foundation has awarded $4,050,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $550,000 |
Washington, DC PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $500,000 |
Boston, MA PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $500,000 |
Chicago, IL PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $350,000 |
New York, NY PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $300,000 |
Miami, FL PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Basketball Association Foundation has recieved totaling $1,400,000.
| Awarding Organization | Amount |
|---|---|
Phoenix Suns Charities Inc Phoenix, AZ PURPOSE: GENERAL SUPPORT | $1,000,000 |
Milwaukee Bucks Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |