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Nonprofiteer
← SPORTS BIZ CARES LTD

Form 990 for tax year 2024

Filed by SPORTS BIZ CARES LTD.

Totals

Total revenue
$339,920
Total expenses
$300,890
Contributions and grants received
$319,373
Grants paid
$5,000
Program service revenue
$0
Investment income
$247
Other revenue
$20,300
Total assets, end of year
$67,004
Total liabilities, end of year
$79,228
Net assets or fund balances, end of year
-$12,224
Program services expenses (Part IX)
$289,651
Management and general expenses
$9,523
Fundraising expenses
$1,716
Program service expenses (Part III)
$289,651

Program services were 96.3% 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

    $319,373

  • 3 · Investment income

    total $247 · excluded $247

  • 8a · Fundraising events: gross income

    $20,976

  • 8b · Fundraising events: direct expenses

    $1,839

  • 8c · Net income from fundraising events

    total $19,137 · excluded $19,137

  • 11a · Other revenue: MERCHANT SERVICE FEES

    total $1,163 · excluded $1,163

  • 11e · Other revenue, total

    $1,163

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 7 · Other salaries and wages

    total $85,653 · program services $85,653

  • 9 · Other employee benefits

    total $6,562 · program services $6,562

  • 10 · Payroll taxes

    total $7,055 · program services $7,055

  • 11c · Fees: accounting

    total $9,299 · management and general $9,299

  • 13 · Office expenses

    total $208 · program services $208

  • 17 · Travel

    total $3,818 · program services $3,818

  • 19 · Conferences, conventions and meetings

    total $695 · program services $695

  • 20 · Interest

    total $12,751 · program services $12,751

  • 23 · Insurance

    total $1,740 · program services $1,740

  • 24a · Other expenses: CONTRACT LABOR

    total $116,020 · program services $116,020

  • 24b · Other expenses: CAMPS

    total $37,405 · program services $37,405

  • 24c · Other expenses: SOFTWARE RENTAL

    total $8,455 · program services $8,455

  • 24d · Other expenses: MERCHANT SERVICE FEES

    total $2,345 · program services $2,345

  • 24e · All other expenses

    total $3,884 · program services $1,944 · management and general $224 · fundraising $1,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,536 · end of year $34,282

  • 3 · Pledges and grants receivable

    beginning of year $77,488 · end of year $32,488

  • 10a · Land, buildings and equipment: cost or other basis

    $3,792

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,792

  • 15 · Other assets

    beginning of year $234 · end of year $234

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,499

  • 22 · Loans and payables to officers and key people

    beginning of year $77,463 · end of year $39,146

  • 23 · Secured mortgages and notes payable

    beginning of year $21,000 · end of year $19,676

  • 25 · Other liabilities

    beginning of year $50,550 · end of year $20,406

  • 27 · Net assets without donor restrictions

    beginning of year -$51,254 · end of year -$12,224

Mission and programs · 2024

Mission

CHANGING THE LIVES OF UNDERREPRESENTED HIGH SCHOOL AND COLLEGE STUDENTS THROUGH THE SPORTS BUSINESS.

  • SPORTS BIZ CARES, LTD., PROVIDES RESOURCES AND OPPORTUNITIES TO UNDERSERVED COMMUNITIES (PARTICULARLY WOMEN AND PEOPLE OF COLOR) WITHIN THE SPORTS BUSINESS INDUSTRY. SPORTS BIZ CARES, LTD., PROVIDES FUNDS AND SUPPORT FOR INTENTIONAL POST-GRADUATE EDUCATIONAL OPPORTUNITIES THAT FURTHER LEARNING AND IMPROVE EMPLOYABILITY AND ADAPTABILITY BY TRANSFORMING EXPERIENCES INTO KNOWLEDGE, SKILLS, ATTITUDES, VALUES, EMOTIONS, AND BELIEFS.

    Expenses $289,651 · Grants $5,000

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey M Longo

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Gerard Littlejohn

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alma Angeles

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Vanessa Taveras

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Kelley Walton

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Deandrae Watson

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Gary Scott

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Ragean Hill

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Tim Rebich

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202503219349317665

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