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Nonprofiteer
← NATIONAL BASKETBALL ASSOCIATION FOUNDATION

Form 990 for tax year 2022

Filed by NATIONAL BASKETBALL ASSOCIATION FOUNDATION.

Totals

Total revenue
$33,525,098
Total expenses
$44,490,332
Contributions and grants received
$31,830,000
Grants paid
$41,588,750
Program service revenue
$500,000
Investment income
$1,195,098
Other revenue
$0
Total assets, end of year
$40,724,236
Total liabilities, end of year
$24,002,531
Net assets or fund balances, end of year
$16,721,705
Program services expenses (Part IX)
$44,003,658
Management and general expenses
$486,674
Fundraising expenses
$0
Program service expenses (Part III)
$44,003,658

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $31,830,000

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $500,000 · related or exempt $500,000

  • 3 · Investment income

    total $1,195,098 · excluded $1,195,098

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,488,750 · program services $39,488,750

  • 3 · Grants to foreign organizations and individuals

    total $2,100,000 · program services $2,100,000

  • 5 · Compensation of officers, directors and key employees

    total $749,912 · program services $749,912

  • 7 · Other salaries and wages

    total $898,875 · program services $898,875

  • 8 · Pension plan contributions

    total $39,529 · program services $39,529

  • 9 · Other employee benefits

    total $66,223 · program services $66,223

  • 10 · Payroll taxes

    total $88,267 · program services $88,267

  • 11b · Fees: legal

    total $6,012 · management and general $6,012

  • 11c · Fees: accounting

    total $41,645 · management and general $41,645

  • 11g · Fees: other

    total $246,539 · program services $246,539

  • 12 · Advertising and promotion

    total $71,626 · management and general $71,626

  • 13 · Office expenses

    total $31,326 · program services $15,787 · management and general $15,539

  • 14 · Information technology

    total $65,617 · management and general $65,617

  • 17 · Travel

    total $212,349 · management and general $212,349

  • 19 · Conferences, conventions and meetings

    total $309,776 · program services $309,776

  • 23 · Insurance

    total $58,421 · management and general $58,421

  • 24a · Other expenses: GAME TICKETS

    total $14,648 · management and general $14,648

  • 24b · Other expenses: GIFTS

    total $817 · management and general $817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,573,697 · end of year $958,858

  • 2 · Savings and temporary cash investments

    beginning of year $10,018,469 · end of year $39,213,568

  • 3 · Pledges and grants receivable

    beginning of year $202,308 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,212 · end of year $51,810

  • 17 · Accounts payable and accrued expenses

    beginning of year $563,747 · end of year $385,198

  • 18 · Grants payable

    beginning of year $8,585,000 · end of year $23,580,937

  • 25 · Other liabilities

    beginning of year $0 · end of year $36,396

  • 27 · Net assets without donor restrictions

    beginning of year $27,686,939 · end of year $16,721,705

Mission and programs · 2022

Mission

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.

  • TO PROVIDE ASSISTANCE THROUGH ECONOMIC EMPOWERMENT IN BLACK COMMUNITIES THROUGH EMPLOYMENT AND CAREER ADVANCEMENT OPPORTUNITIES.

    Expenses $44,003,658 · Grants $41,588,750 · Revenue $500,000

As filed on the 2022 return.

Listed in Part VII

  • HARRISON BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GAYLE BENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TOBIAS HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTONY RESSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ADAM SILVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAWRENCE TANENBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TAMIKA TREMAGLIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREG TAYLOR

    EXECUTIVE DIRECTOR

    Total calculated
    $715,789
    From this org
    $643,282
    From related orgs
    $0
    Other
    $72,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $518,282
    Bonus
    $125,000
    Other
    $0
    Deferred
    $45,750
    Nontaxable benefits
    $26,757
    Filer's total
    $715,789

  • MARK TATUM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • KATHY BEHRENS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • HEIDI NADLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW CARPENTER-DENNIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ADELA RUIZ-OLIVIO

    PROGRAM AND GRANTS LEAD

    Total calculated
    $222,285
    From this org
    $202,047
    From related orgs
    $0
    Other
    $20,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,547
    Bonus
    $8,500
    Other
    $0
    Deferred
    $6,058
    Nontaxable benefits
    $14,180
    Filer's total
    $222,285

  • LAUREN SILLS

    OPERATIONS LEAD

    Total calculated
    $269,890
    From this org
    $251,618
    From related orgs
    $0
    Other
    $18,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,618
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,566
    Nontaxable benefits
    $10,706
    Filer's total
    $269,890

  • PAMELA STULTZ

    EXECUTIVE ADMINISTRATOR

    Total calculated
    $154,180
    From this org
    $120,690
    From related orgs
    $0
    Other
    $33,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,690
    Bonus
    $15,000
    Other
    $0
    Deferred
    $21,000
    Nontaxable benefits
    $12,490
    Filer's total
    $154,180

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349311829

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