Usa Basketball
- Assets
- $48.0m
- Revenue
- $18.9m
- Investments
- $11.6m
- Employees
- 43
- Location
- Colorado Springs, CO
- Founding
- 01/1976
- Data as of
- 09/2023
- EIN
- 37-0996441
Organization Overview
Usa Basketball is located in Colorado Springs, CO. The organization was established in 1976. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, USA Basketball employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Basketball 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, USA Basketball generated $18.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $19.3m during the year ending 09/2023. 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
DEVELOP AND LEAD AN INCLUSIVE BASKETBALL COMMUNITY OF QUALIFIED, CREDIBLE AND DEDICATED COACHES AND ADMINISTRATORS ALL WORKING TO...SEE SCHEDULE O FOR CONTINUATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD CUP - MEN
3 X 3 CHAMPIONSHIPS AND OTHER 3 X 3 EVENTS
YOUTH DIVISION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Tooley Ceo/executive Director | Officer | 50 | $472,820 |
Sean Ford National Team Director-Men | Officer | 50 | $325,926 |
Brent Baumberger Chief Financial Officer | Officer | 50 | $315,928 |
Jennifer Lynne Williams Chief Development Officer | Officer | 50 | $218,286 |
Jay Demings Youth Development Program Dire | Officer | 50 | $183,380 |
Brianna Weiss National Team Director-Women | Officer | 50 | $183,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edward J Lacerte Llc Medical Consulting | 9/29/23 | $121,680 |
Trident Security Solutions Llc Security Services | 9/29/23 | $126,110 |
Webonise Us Llc Web Design Services | 9/29/23 | $120,666 |
Wmt Digital Llc Website Services | 9/29/23 | $113,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,750 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $628,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,957,194 |
| Noncash contributions included in lines 1a–1f | $1,533,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,606,719 |
| Total Program Service Revenue | $13,480,875 |
| Investment income | $541,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,327 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $271,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,986 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,916,002 |
| 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. | $2,627,951 |
| Compensation of current officers, directors, key employees. | $487,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,700 |
| Pension plan accruals and contributions | $171,330 |
| Other employee benefits | $666,838 |
| Payroll taxes | $291,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,999 |
| Fees for services: Accounting | $18,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,561 |
| Advertising and promotion | $0 |
| Office expenses | $152,683 |
| Information technology | $341,852 |
| Royalties | $0 |
| Occupancy | $142,718 |
| Travel | $43,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,571 |
| Insurance | $162,423 |
| All other expenses | $117,776 |
| Total functional expenses | $19,267,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $4,964,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $675,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,560,164 |
| Prepaid expenses and deferred charges | $4,782,795 |
| Net Land, buildings, and equipment | $3,415,946 |
| Investments—publicly traded securities | $21,010,095 |
| Investments—other securities | $11,618,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,027,387 |
| Accounts payable and accrued expenses | $2,413,558 |
| Grants payable | $0 |
| Deferred revenue | $7,472,380 |
| 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 | $186,414 |
| Total liabilities | $10,072,352 |
| Net assets without donor restrictions | $37,955,035 |
| 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 | $48,027,387 |
Grants Awarded
Over the last fiscal year, Usa Basketball has awarded $45,832 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WHEELCHAIR SPORTS FEDERATION PURPOSE: APPAREL YOUTH EVENTS | $24,995 |
WORLD FEDERATION OF THE DEAF USA PURPOSE: APPAREL YOUTH EVENTS | $20,837 |