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Nonprofiteer
← NBA PLAYERS LEGACY FUND INC

Form 990 for tax year 2023

Filed by NBA PLAYERS LEGACY FUND INC.

Totals

Total revenue
$1,084,650
Total expenses
$1,434,770
Contributions and grants received
$1,000,000
Grants paid
$1,203,640
Program service revenue
$0
Investment income
$55,896
Other revenue
$28,754
Total assets, end of year
$1,175,340
Total liabilities, end of year
$301,443
Net assets or fund balances, end of year
$873,897
Program services expenses (Part IX)
$1,388,014
Management and general expenses
$46,756
Fundraising expenses
$0
Program service expenses (Part III)
$1,388,014

Program services were 96.7% 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

    $1,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $55,896 · excluded $55,896

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Travel Refund

    total $28,754 · excluded $28,754

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $28,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,750 · program services $49,750

  • 2 · Grants to domestic individuals

    total $1,153,890 · program services $1,153,890

  • 5 · Compensation of officers, directors and key employees

    total $102,192 · program services $102,192

  • 7 · Other salaries and wages

    total $57,772 · program services $57,772

  • 10 · Payroll taxes

    total $12,222 · program services $12,222

  • 11c · Fees: accounting

    total $37,912 · management and general $37,912

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,986 · management and general $5,986

  • 14 · Information technology

    total $13,164 · program services $12,188 · management and general $976

  • 17 · Travel

    total $932 · management and general $932

  • 24a · Other expenses: BANK CHARGES

    total $950 · management and general $950

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341,922 · end of year $79,407

  • 2 · Savings and temporary cash investments

    beginning of year $1,001,419 · end of year $1,066,996

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,265 · end of year $21,443

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,385 · end of year $7,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,646 · end of year $29,295

  • 18 · Grants payable

    beginning of year $117,175 · end of year $272,148

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,204,170 · end of year $873,897

Mission and programs · 2023

Mission

NBA PLAYERS LEGACY FUND INC. WAS CHARTERED TO PROVIDE ASSISTANCE, ON THE BASIS OF NEED, TO INDIVIDUALS ASSOCIATED WITH PROFESSIONAL BASKETBALL.

  • PROVIDE ASSISTANCE, ON THE BASIS OF NEED, TO INDIVIDUALS ASSOCIATED WITH PROFESSIONAL BASKETBALL.

    Expenses $1,388,014 · Grants $1,203,640

As filed on the 2023 return.

Listed in Part VII

  • Jamila Wideman

    VP/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Purvis Short

    PRESIDENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Artie Bayes

    BOARD MEMBER (BEGIN 05/2024)

    Total calculated
    $0
    Hours/week
    1
  • Leah Wilcox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mario West

    BOARD MEMBER (END 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Anne Corry

    EXECUTIVE DIRECTOR

    Total calculated
    $112,203
    From this org
    $112,203
    From related orgs
    $0
    Other
    $0
    Hours/week
    30
  • Neal Stern

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Neil Aaron

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202402859349301665

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