Atlanta Tip Off Club Inc
- Assets
- $927.3k
- Revenue
- $681.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 07/1984
- Data as of
- 12/2020
- EIN
- 23-7050539
Organization Overview
Atlanta Tip Off Club Inc is located in Atlanta, GA. The organization was established in 1984. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Tip Off Club 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 12/2020, Atlanta Tip Off Club Inc generated $681.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $540.5k during the year ending 12/2020. While expenses have increased by 18.3% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EXPAND THE PASSION, TRADITION, AND HERITAGE OF AMATEUR BASKETBALL AND HONOR THOSE WHO HAVE EXCELLED AND POSITIVELY IMPACTED THE GAME BOTH LOCALLY AND NATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ATLANTA TIP OFF CLUB ADMINISTERS THE NAISMITH AWARDS AND ANNUALLY HONORS THE TOP NATIONAL PLAYERS, COACHES, OFFICIALS, AND ADMINISTRATORS FOR BASKETBALL EXCELLENCE. WINNERS ARE DETERMINED THROUGH SEPARATE VOTING ACADEMIES. PLAYER OF THE YEAR WINNERS ARE RECOGNIZED DURING THE NCAA FINAL FOUR, WHILE COACHES ARE HONORED AT THE NCAA FINAL FOUR OR ON THEIR COLLEGE CAMPUSES.
WE BEGAN THE 2020 BASKETBALL SEASON WITH GREAT OPTIMISM, GIVEN THAT WE HAD A STRONG CORPORATE PARTNER BASE, AND OUR ACTIVATION PLANS WERE AGGRESSIVE. THAT, ALONG WITH THE NCAA MEN'S FINAL FOUR SCHEDULED TO BE HELD IN ATLANTA MADE FOR A HIGHLY IMPACTFUL SEASONTHEN THE COVID-19 GLOBAL PANDEMIC HIT. THE ABRUPT END OF THE BASKETBALL SEASON, COUPLED WITH A COUNTRY ON LOCKDOWN, DIDN'T SLOW US DOWN. WE PERSEVERED THROUGH THE FINAL FEW WEEKS OF THE SEASON SO THAT WE COULD ENSURE THE VOTING WAS COMPLETE AND THAT WE HAD A MECHANISM IN PLACE TO DETERMINE OUR NATIONAL AWARD WINNERS WE FOUND A NEW PLATFORM TO ANNOUNCE THE WINNERS WITH CBS SPORTS. WITH CITIZEN WATCH CO. DECIDING NOT TO EXTEND ITS CONTRACT, WE AGGRESSIVELY PURSUED A NAISMITH ENTITLEMENT REPLACEMENT AND LANDED JERSEY MIKE'S, BUILDING OFF THEIR SPONSORSHIP OF THE HIGH SCHOOL NAISMITH TROPHY AWARDS. ON THE COMPANY ADMINISTRATIVE ITEMS, WE UPDATED OUR BYLAWS AND ARTICLES OF INCORPORATION, THUS PROVIDING GREATER STRUCTURE AND DIRECTION FOR THE CLUB. AND WE FILED AN APPLICATION WITH THE STATE OF GEORGIA FOR THE COMPANY TO BE ALLOWED TO SOLICIT CHARITABLE DONATIONSSOMETHING WE HAD NOT PREVIOUSLY DONE IN OUR EXISTENCE BUT NECESSARY MOVING FORWARD. ADDITIONALLY, WE LAUNCHED A PODCAST, ENHANCED OUR SOCIAL MEDIA ACTIVATION PLANS, AND REDUCED FUTURE EXPENSES BY MOVING OUR COMPANY OFFICES. FINALLY, OUR COMMUNITY ENGAGEMENT PROGRAMS REALLY TOOK SHAPE WITH THE CREATION OF THE JERSEY MIKE'S NAISMITH COURAGE AWARD, AND THE YMCA GYM RENOVATION TWO PROGRAMS WE WILL LOOK TO EXPOUND UPON IN 2021. CORPORATE PARTNERS SECURED A 3-YEAR ENTITLEMENT WITH JERSEY MIKE'S ON THE COLLEGE NAISMITH TROPHY. SECURED CITIZEN WATCH TO REMAIN AS A CORPORATE PARTNER, SHIFTING TO THE "OFFICIAL WATCH OF THE NAISMITH AWARDS". EXTENDED REGIONS BANK INTO 2022 TO ALLOW FOR MAKEGOODS FROM THIS YEAR. BOARD OF DIRECTORS THE BOARD REMAINED FLAT WITH THE DEPARTURE OF KERI POTTS (ESPN) BUT THE ADDITION OF JEFF HEMSCHOOT (JERSEY MIKE'S) TO FINISH THIS YEAR WITH 29 MEMBERS.THE LOCAL, REGIONAL AND NATIONAL AWARD WINNERS FROM 2020 AS ANNOUNCED BY THE ATLANTA TIPOFF CLUB:AWARD NAME WINNER SCHOOLNAISMITH WOMEN'S COLLEGE PLAYER OF THE YEAR SABRINA IONESCU OREGONNAISMITH MEN'S COLLEGE PLAYER OF THE YEAR OBI TOPPIN DAYTONNAISMITH WOMEN'S COLLEGE COACH OF THE YEAR DAWN STALEY SOUTH CAROLINANAISMITH MEN'S COLLEGE COACH OF THE YEAR ANTHONY GRANT DAYTONNAISMITH WOMEN'S DEFENSIVE PLAYER OF THE YEAR DIDI RICHARDS BAYLORNAISMITH MEN'S DEFENSIVE PLAYER OF THE YEAR MARCUS GARRETT KANSASNAISMITH OUTSTANDING CONTRIBUTION TO W BASKETBALL N/A (COVID) NAISMITH OUTSTANDING CONTRIBUTION TO M BASKETBALL N/A (COVID) NAISMITH WOMEN'S COLLEGE OFFICIAL OF THE YEAR FELICIA GRINTER NAISMITH MEN'S COLLEGE OFFICIAL OF THE YEAR MIKE EADES NAISMITH GIRL'S HIGH SCHOOL PLAYER OF THE YEAR PAIGE BUECKERS HOPKINS (MN)NAISMITH BOY'S HIGH SCHOOL PLAYER OF THE YEAR CADE CUNNINGHAM MONTVERDE (FL)NAISMITH GIRL'S HIGH SCHOOL COACH OF THE YEAR TERRI BAMFORD LA JOLLA (CA)NAISMITH BOY'S HIGH SCHOOL COACH OF THE YEAR KEVIN BOYLE MONTVERDE (FL)GEORGIA WOMEN'S COLLEGE PLAYER OF THE YEAR ALEXIS POOLE KENNESAW ST.GEORGIA MEN'S COLLEGE PLAYER OF THE YEAR ANTHONY EDWARDS UGAWHACK HYDER WOMEN'S COLLEGE COACH OF THE YEAR NELL FORTNER GA TECHWHACK HYDER MEN'S COLLEGE COACH OF THE YEAR JASON ZIMMERMAN EMORYMISS GEORGIA BASKETBALL RAVEN JOHNSON WESTLAKEMR. GEORGIA BASKETBALL WALKER KESSLER WOODWARD ACADEMYMETRO ATLANTA GIRL'S HIGH SCHOOL PLAYER OF THE YEAR GENESIS BRYANT LOVEJOYMETRO ATLANTA BOY'S HIGH SCHOOL PLAYER OF THE YEAR DWON ODOM ST. FRANCISCREMINS HIGH SCHOOL GIRLS COACH OF THE YEAR GENE DURDEN BUFORDCREMINS HIGH SCHOOL BOYS COACH OF THE YEAR GEOFFREY PIERCE GRAYSONPINHOLSTER HIGH SCHOOL GIRLS COACH OF THE YEAR NICHOLE DIXON HOLY INNOCENTS' EPISCOPAL SCHOOLPINHOLSTER HIGH SCHOOL BOYS COACH OF THE YEAR DREW CATLETT ST. FRANCISALL METRO - 1ST TEAM BOYS DEIVON SMITH GRAYSONALL METRO - 1ST TEAM BOYS SHARIFE COOPER MCEACHERNALL METRO - 1ST TEAM BOYS MATTHEW CLEVELAND PACE ACADEMYALL METRO - 1ST TEAM BOYS JABARI SMITH, JR. SANDY CREEKALL METRO - 1ST TEAM BOYS SAM HINES WHEELERALL METRO - 1ST TEAM GIRLS TATE WALTERS BUFORDALL METRO - 1ST TEAM GIRLS JILLIAN HOLLINGSHEAD HOLY INNOCENTS' EPISCOPAL SCHOOLALL METRO - 1ST TEAM GIRLS AVYONCE (AC) CARTER WESLEYANALL METRO - 1ST TEAM GIRLS KAYLA MCPHERSON MADISON COUNTYALL METRO - 1ST TEAM GIRLS SANIA FEAGIN FOREST PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Oberman Executive Director | OfficerTrustee | 40 | $227,351 |
Barry Goheen Chairman | OfficerTrustee | 1 | $0 |
Andy Berg Director | Trustee | 1 | $0 |
Stacy Gardella Director | Trustee | 1 | $0 |
Tim Mcghee Director | Trustee | 1 | $0 |
Debbie Antonelli Director | Trustee | 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 | $567,500 |
| Noncash contributions included in lines 1a–1f | $52,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,500 |
| Total Program Service Revenue | $112,400 |
| Investment income | $2,024 |
| 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 | $681,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,180 |
| Pension plan accruals and contributions | $8,887 |
| Other employee benefits | $484 |
| Payroll taxes | $11,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,886 |
| Advertising and promotion | $32,392 |
| Office expenses | $13,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,321 |
| Travel | $5,679 |
| 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 | $3,239 |
| All other expenses | $0 |
| Total functional expenses | $540,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931 |
| Savings and temporary cash investments | $671,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,700 |
| 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 | $927,333 |
| Accounts payable and accrued expenses | $40,752 |
| Grants payable | $0 |
| Deferred revenue | $25,900 |
| 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 | $66,652 |
| Net assets without donor restrictions | $860,681 |
| 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 | $927,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Basketball Host Committee Inc Atlanta, GA | $206,440 | $2,456,960 |
Womens Basketball Coaches Assoc Lilburn, GA | $4,492,393 | $3,129,044 |
Peace Cdc Inc Miami, FL | $147,371 | $831,617 |
Atlanta Tip Off Club Inc Atlanta, GA | $927,333 | $681,924 |
Carolina Rise Indian Trail, NC | $28,581 | $518,712 |
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Classic Basketball Inc Fort Myers, FL | $189,433 | $433,611 |
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Jacksonville Beach Baseball Association Inc Jacksonville Beach, FL | $178,033 | $333,722 |
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