National Association Of Basketball Coaches Foundation Inc
- Assets
- $10.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Kansas City, MO
- Founding
- 01/2000
- Data as of
- 09/2023
- EIN
- 06-1560942
Organization Overview
National Association Of Basketball Coaches Foundation Inc, operating under the name NABC Foundation, is located in Kansas City, MO. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 09/2023, NABC Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NABC Foundation 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 09/2023, NABC Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NABC FOUNDATION WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE GAME OF BASKETBALL AND PROVIDE FOR COACHES IN NEED.
Describe the Organization's Program Activity:
THE COLLEGE BASKETBALL EXPERIENCE (CBE) IS A STATE-OF-THE-ART EXPERIENTIAL FACILITY LOCATED IN KANSAS CITY, MISSOURI. IT WAS BUILT TO CELEBRATE THE GAME OF MEN'S COLLEGIATE BASKETBALL. THE CBE IS ALSO THE HOME OF THE NATIONAL COLLEGIATE BASKETBALL HALL OF FAME. INCLUDED AMONG THE MANY EXHIBITS AT THE CBE ARE VARIOUS INTERACTIVE TESTS OF BASKETBALL SKILLS, ALL SIMULATING THE SIGHTS AND SOUNDS OF A REAL COLLEGE BASKETBALL GAME. THE RICH HISTORY AND TRADITIONS OF MEN'S COLLEGE BASKETBALL, INCLUDING THE VALUES IMPARTED IN AND LIFE-CHANGING IMPACT OF COACHING AND PLAYING THE GAME, ARE PORTRAYED THROUGHOUT THE FACILITY.
THE BENEVOLENT FUND IS INTENDED TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO MEMBERS OF THE NATIONAL ASSOCIATION OF BASKETBALL COACHES (NABC) WHO SUFFER SEVERE ECONOMIC OR EMOTIONAL STRAIN DUE TO VARIOUS CIRCUMSTANCES. TO BE ELIGIBLE FOR ASSISTANCE FROM THE BENEVOLENT FUND, THE INDIVIDUAL MUST BE A CURRENT MEMBER OF THE NABC WHO IS IN NEED OF ASSISTANCE DUE TO JOB LOSS, SERIOUS ILLNESS, DEATH OF A FAMILY MEMBER, DISASTER OR OTHER SIMILAR CIRCUMSTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/past President | OfficerTrustee | 0.3 | $0 |
Name Not Listed Director/past President | OfficerTrustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,620 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,530 |
| Total Program Service Revenue | $883,280 |
| Investment income | $19,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,040,868 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,801 |
| Net Income from Fundraising Events | -$263,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,182 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,904,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,285 |
| Compensation of current officers, directors, key employees. | $23,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,903 |
| Pension plan accruals and contributions | $43,478 |
| Other employee benefits | $87,775 |
| Payroll taxes | $53,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,744 |
| Fees for services: Accounting | $27,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,705 |
| Advertising and promotion | $18,387 |
| Office expenses | $41,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,096 |
| Travel | $34,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,093 |
| Interest | $13,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $459,515 |
| Insurance | $65,915 |
| All other expenses | $42,545 |
| Total functional expenses | $2,167,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,379 |
| Savings and temporary cash investments | $2,005,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,363 |
| Prepaid expenses and deferred charges | $10,900 |
| Net Land, buildings, and equipment | $7,379,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485,073 |
| Total assets | $9,982,043 |
| Accounts payable and accrued expenses | $542,011 |
| Grants payable | $0 |
| Deferred revenue | $28,252 |
| 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 | $326,635 |
| Other liabilities | $0 |
| Total liabilities | $896,898 |
| Net assets without donor restrictions | $8,615,923 |
| Net assets with donor restrictions | $469,222 |
| 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 | $9,982,043 |
Grants Awarded
Over the last fiscal year, National Association Of Basketball Coaches Foundation Inc has awarded $411,084 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NAISMITH MEMORIAL BASKETBALL HALL OF FAME PURPOSE: B-BALL EDUCATION | $50,000 |
THE EMILY KRZYZEWSKI FAMILY LIFE CENTER PURPOSE: SUPPORT LITERACY | $311,084 |
USA BASKETBALL PURPOSE: BASKETBALL EDUCATION | $50,000 |