Beverly Hills Basketball League
- Assets
- $214.6k
- Revenue
- $156.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 95-4694809
Organization Overview
Beverly Hills Basketball League is located in Beverly Hills, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Hills Basketball League 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, Beverly Hills Basketball League generated $156.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $68.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.4%) per year over the past 7 years. 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
YOUTH BASKETBALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEVERLY HILLS BASKETBALL LEAGUE CONDUCTS A WINTER AND SPRING BASKETBALL LEAGUE FOR APPROXIMATELY 1,800 PARTICIPANTS COMBINED FOR BOTH SEASONS. DUE TO THE CORONAVIRUS PANDEMIC, THERE WAS NO WINTER LEAGUE BUT GAMES RESUMED FOR SPRING 2022. PARTICIPANTS RANGE IN AGE FROM FIVE TO SIXTEEN. THE LEAGUE RECREATIONAL YOUTH BASKETBALL PROGRAM TEACHES PARTICIPANTS THE PRINCIPLES OF POSITIVE COACHING, SPORTSMANSHIP, CHARACTER, TEAMWORK AND FAIR PLAY. A FOCUS OF THE BEVERLY HILLS BASKETBALL LEAGUE IS TO PROMOTE A COMMUNITY ENVIRONMENT TO TEACH OUR YOUTH TO UNDERSTAND HOW TO BECOME BETTER ATHLETES AND BETTER CITIZENS THROUGH THE GAME OF BASKETBALL. THE LEAGUE PROVIDES ITS VOLUNTEER COACHES AND PARENTS/GUARDIANS WITH GUIDELINES AND SUPPORT FOR POSITIVE COACHING, LEADERSHIP, AND BASKETBALL SKILLS TRAINING TECHNIQUES. A GOAL OF THE LEAGUE IS TO CREATE A POSITIVE CULTURE AMONG ALL PARTICIPANTS TO PROVIDE AN ENVIRONMENT THAT CAN TEACH OUR YOUNG ATHLETES IMPORTANT LIFE LESSONS WHILE HAVING FUN PLAYING BASKETBALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Asherian President | Trustee | 5 | $0 |
Peter Gabayan Commissioner | Trustee | 5 | $0 |
Curtis Rost Treasurer | Trustee | 7 | $0 |
Fred Farhamand Director | Trustee | 5 | $0 |
Mathew Zahabian Director | Trustee | 5 | $0 |
Shervin Eshaghian Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $156,397 |
| 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 | $156,397 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $493 |
| Information technology | $3,055 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446 |
| Insurance | $5,134 |
| All other expenses | $2,776 |
| Total functional expenses | $68,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,679 |
| 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 | $1,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,600 |
| 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 | $214,600 |
| Total liabilities and net assets/fund balances | $214,600 |
Grants Awarded
Over the last fiscal year, Beverly Hills Basketball League has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
POSITIVE COACHING ALLIANCE PURPOSE: To extend coaching clinics to underprivilged programs. | $25,000 |
YOUTH EMERGING STRONGER PURPOSE: To support at risk youths. | $10,000 |