Philadelphia Youth Basketball Inc
- Assets
- $26.7m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Philadelphia, PA
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-3758442
Organization Overview
Philadelphia Youth Basketball Inc is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Philadelphia Youth Basketball Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Youth Basketball 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 06/2022, Philadelphia Youth Basketball Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 39.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUNG PEOPLE TO DEVELOP THEIR FULL POTENTIAL AS STUDENTS, ATHLETES, AND POSITIVE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILADELPHIA YOUTH BASKETBALL ("PYB") DELIVERS YEAR-ROUND PROGRAMMING TO NEARLY 1,300 PARTICIPANTS LED BY SKILLED, CARING, AND AUTHENTIC COACH-MENTORS. CENTRAL TO OUR APPROACH IS THE NOTION THAT BASKETBALL IS AN ICONIC GAME IN OUR CITY AND REGION, TRANSCENDING LINES THAT HISTORICALLY DIVIDE US LINES OF RACE AND ETHNICITY, NEIGHBORHOOD, AND ECONOMIC CIRCUMSTANCE TO CREATE RELATIONSHIPS THAT BIND US TOGETHER. THROUGH A COMBINATION OF BASKETBALL SKILL-BUILDING AND GAME-PLAY, ACADEMIC ENRICHMENT, POSITIVE COACHING AND MENTORSHIP, HEALTHY MEALS AND NUTRITION INFORMATION, LEADERSHIP DEVELOPMENT, AND MORE, WE ARE COMMITTED TO HELPING YOUNG PEOPLE BUILD POSITIVE RELATIONSHIPS WITH THEIR PEERS AND ADULTS, LEARNING AND EDUCATION, COMMUNITY, AND FUTURE TRAJECTORIES.
I AM BECAUSE WE ARE (IABWA) IS AN ANTI-VIOLENCE MENTORSHIP PROGRAM THAT USES BASKETBALL TO DEVELOP YOUNG PEOPLE AGES 13-18 INTO THE NEXT GENERATION OF LEADERS. DEEPLY ROOTED IN THE AFRICAN PHILOSOPHY OF "UBUNTU" IN WHICH OUR SENSE OF SELF IS SHAPED BY OUR RELATIONSHIPS WITH OTHERS, WE COMBINE OFF-COURT, SOCIAL-EMOTIONAL, IDENTITY DEVELOPMENT CURRICULUM WITH ON-COURT SKILL BUILDING AND GAMEPLAY. IABWA'S COACH-MENTORS USE RESTORATIVE STRATEGIES TO BUILD A THRIVING COMMUNITY AND PROVIDE SAFE SPACES FOR YOUTHESPECIALLY THOSE WHO HAVE BEEN IMPACTED BY GUN VIOLENCE AND THE JUSTICE SYSTEM. PARTICIPANTS BENEFIT FROM SUPPORT IN MITIGATING THESE TRAUMATIC ENVIRONMENTAL CIRCUMSTANCES AND WELCOME THE PROGRAM'S EMPOWERING REDIRECTION IN THEIR LIVES.
PYB'S MIDDLE SCHOOL PARTNERSHIP PROGRAM (MSPP) IS A COMPREHENSIVE AFTER-SCHOOL PROGRAM, WHICH COMBINES ACADEMIC ENRICHMENT, BASKETBALL SKILL DEVELOPMENT, AND POSITIVE COACHING AND MENTORSHIP TO EMPOWER YOUNG PEOPLE AS STUDENTS, ATHLETES, AND POSITIVE LEADERS IN THEIR COMMUNITY.
LACE UP & LEARN UP SUMMER CAMP SERIES (LULU) IS A FULL-DAY SUMMER CAMP FOR PARTICIPANTS IN GRADES 5-8. LULU OFFERS COMMUNITY BUILDERS, DRILLS & SKILLS, ACADEMIC LEARNING, GUEST SPEAKERS, GAMEPLAY, AND HEALTHY MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Langel Chairman | OfficerTrustee | 2 | $0 |
Kenneth Holdsman President & CEO | OfficerTrustee | 70 | $232,708 |
Douglas Young Vice President | OfficerTrustee | 2 | $0 |
Debbit Zumoff Secretary | OfficerTrustee | 2 | $0 |
Robert Quint Treasurer | OfficerTrustee | 2 | $0 |
Nikki Bagby Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $277,426 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,939,520 |
| Noncash contributions included in lines 1a–1f | $722,849 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,216,946 |
| Total Program Service Revenue | $54,912 |
| Investment income | $38,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,569 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,370,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,815,752 |
| 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. | $268,051 |
| Compensation of current officers, directors, key employees. | $26,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,120,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,587 |
| Payroll taxes | $105,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,772 |
| Fees for services: Accounting | $37,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,891 |
| Advertising and promotion | $82,787 |
| Office expenses | $28,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,670 |
| Travel | $37,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,932 |
| Insurance | $61,999 |
| All other expenses | $0 |
| Total functional expenses | $5,035,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,994,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,003,593 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,637,549 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,397 |
| Net Land, buildings, and equipment | $61,154 |
| Investments—publicly traded securities | $39,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,740,555 |
| Accounts payable and accrued expenses | $1,071,253 |
| 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 | $12,097,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,615 |
| Total liabilities | $13,183,112 |
| Net assets without donor restrictions | $7,328,015 |
| Net assets with donor restrictions | $6,229,428 |
| 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 | $26,740,555 |
Grants Awarded
Over the last fiscal year, Philadelphia Youth Basketball Inc has awarded $2,815,752 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIXTH MAN CENTER INC PURPOSE: CONSTRUCTION FOR SIXTH MAN CENTER FOR YOUTH DEVELOPMENT | $1,727,904 |
PURSUING TRANSFORMATION INC PURPOSE: CONSTRUCTIONS FOR A YOUTH DEVELOPMENT FACILITY | $1,087,848 |