Gil Basketball Academy
- Assets
- $0.0
- Revenue
- $810.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Salinas, CA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1492121
Organization Overview
Gil Basketball Academy is located in Salinas, CA. The organization was established in 2010. 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. Gil Basketball Academy 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 12/2023, Gil Basketball Academy generated $810.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $740.7k during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GBAS MISSION IS TO EMPOWER YOUTH BY DEVELOPING THEIR ATHLETIC SKILLS, LEADERSHIP, WORK ETHIC, WORLD VIEW, AND ENHANCING THEIR COMMITMENT TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BASKETBALL CLINICS TO KIDS AND TAKING THEM TO ANOTHER COUNTY TO EXPERIENCE THE COUNTRY, SPECIFICALLY, ITS SCHOOLS AND HAVE THE OPPORTUNITY TO COMPETE IN A BASKETBALL TOURNAMENT THERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Gil Executive Chairman | Trustee | 16 | $0 |
Rosa Mederos Treasurer | Officer | 8 | $0 |
Rosario Delgadillo Secretary | Officer | 5 | $0 |
Eva Silva Vice Chairman | Trustee | 10 | $0 |
Roberto Rodriguez Board Member | Officer | 4 | $0 |
Francisco Silva Board Member | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,259 |
| Fundraising events | $507,416 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,675 |
| 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 | $810,675 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $15,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,767 |
| Advertising and promotion | $16,107 |
| Office expenses | $17,618 |
| Information technology | $3,048 |
| Royalties | $0 |
| Occupancy | $193,660 |
| Travel | $188,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,401 |
| Interest | $0 |
| Payments to affiliates | $35,565 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,492 |
| All other expenses | $231,020 |
| Total functional expenses | $740,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Gil Basketball Academy has awarded $21,189 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SALINAS VALLEY DREAM ACADEMY PURPOSE: GENERAL | $13,925 |
ALISAL BOOSTERS PURPOSE: GENERAL | $7,264 |