National Basketball Association Foundation
- Assets
- $36.8m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- Data as of
- 06/2022
- EIN
- 85-3122376
Organization Overview
National Basketball Association Foundation is located in New York, NY. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, National Basketball Association Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Basketball Association 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 06/2022, National Basketball Association Foundation generated $31.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $29.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, National Basketball Association Foundation has awarded 114 individual grants totaling $30,993,688. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE ECONOMIC OPPORTUNITY IN BLACK COMMUNITIES THROUGH EMPLOYMENT AND CAREER DEVELOPMENT BY FUNDING PROGRAMS THAT GENERATE SUCCESSFUL TRANSITION FROM SCHOOL TO MEANINGFUL EMPLOYMENT FOR BLACK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE THROUGH ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES THROUGH EMPLOYMENT AND CAREER ADVANCEMENT OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harrison Barnes Director | Trustee | 2 | $0 |
Gayle Benson Director | Trustee | 2 | $0 |
Tobias Harris Director | Trustee | 2 | $0 |
Michael Jordan Director | Trustee | 2 | $0 |
Antony Ressler Director | Trustee | 2 | $0 |
Adam Silver Director | Trustee | 2 | $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 | $31,400,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,400,500 |
| Total Program Service Revenue | $0 |
| Investment income | $18,469 |
| 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 | $31,418,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,943,688 |
| 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. | $738,910 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,335 |
| Pension plan accruals and contributions | $12,907 |
| Other employee benefits | $44,962 |
| Payroll taxes | $59,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,509 |
| Fees for services: Accounting | $45,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,128 |
| Advertising and promotion | $69,880 |
| Office expenses | $9,261 |
| Information technology | $50,037 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $88,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $343,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,750 |
| All other expenses | $0 |
| Total functional expenses | $29,289,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,573,697 |
| Savings and temporary cash investments | $10,018,469 |
| 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 | $41,212 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,308 |
| Total assets | $36,835,686 |
| Accounts payable and accrued expenses | $563,747 |
| Grants payable | $8,585,000 |
| 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 | $9,148,747 |
| Net assets without donor restrictions | $27,686,939 |
| 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 | $36,835,686 |
Grants Awarded
Over the last fiscal year, National Basketball Association Foundation has awarded $26,943,688 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL URBAN LEAGUE PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $1,000,000 |
THURGOOD MARSHALL COLLEGE FUND INC PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $998,688 |
INSTITUTE FOR EDUCATIONAL LEADERSHIP PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $650,000 |
BLACK GIRLS CODE PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $650,000 |
THE BROTHERHOOD SISTER SOL PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $650,000 |
EQUAL OPPORTUNITY SCHOOLS PURPOSE: IN SUPPORT OF PROGRAMS ENHANCING ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES. | $750,000 |