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Nonprofiteer
← BEST IS AHEAD FOUNDATION INC

Form 990 for tax year 2023

Filed by BEST IS AHEAD FOUNDATION INC.

Totals

Total revenue
$1,637,881
Total expenses
$1,783,996
Contributions and grants received
$1,637,398
Grants paid
$90,350
Program service revenue
$0
Investment income
$483
Other revenue
$0
Total assets, end of year
$11,316
Total liabilities, end of year
$1,625
Net assets or fund balances, end of year
$9,691
Program services expenses (Part IX)
$1,614,781
Management and general expenses
$169,215
Fundraising expenses
$0
Program service expenses (Part III)
$1,614,781

Program services were 90.5% 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

    $1,637,398

  • 3 · Investment income

    total $483 · excluded $483

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,350 · program services $90,350

  • 5 · Compensation of officers, directors and key employees

    total $210,350 · program services $105,176 · management and general $105,174

  • 10 · Payroll taxes

    total $13,497 · program services $6,749 · management and general $6,748

  • 11c · Fees: accounting

    total $35,719 · management and general $35,719

  • 11g · Fees: other

    total $36,108 · program services $36,108

  • 12 · Advertising and promotion

    total $9,236 · program services $9,236

  • 13 · Office expenses

    total $1,505 · program services $753 · management and general $752

  • 14 · Information technology

    total $860 · program services $430 · management and general $430

  • 16 · Occupancy

    total $2,318 · management and general $2,318

  • 17 · Travel

    total $9,138 · program services $9,138

  • 19 · Conferences, conventions and meetings

    total $44,419 · program services $44,419

  • 20 · Interest

    total $25 · management and general $25

  • 22 · Depreciation, depletion and amortization

    total $4,750 · management and general $4,750

  • 23 · Insurance

    total $2,804 · management and general $2,804

  • 24a · Other expenses: Players Fees

    total $1,312,422 · program services $1,312,422

  • 24b · Other expenses: Memberships & Subscript

    total $8,719 · management and general $8,719

  • 24c · Other expenses: Payroll Processing

    total $1,405 · management and general $1,405

  • 24d · Other expenses: Licenses and Registrati

    total $200 · management and general $200

  • 24e · All other expenses

    total $171 · management and general $171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,630 · end of year $2,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,109

  • 14 · Intangible assets

    beginning of year $13,458 · end of year $8,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,426 · end of year $1,625

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $155,771 · end of year $9,691

Mission and programs · 2023

Mission

The Best is Ahead Foundation (TBIAF) mission is to partner with the University of Maryland football players to work with the youth in our community to build a better tomorrow. As a registered 501(c)(3), we are committed to raising funds that focus on community service initiatives for the University of Maryland football players.

Activities or mission (Part I)

The Best is Ahead Foundation (TBIAF) mission is to partner with the University of Maryland football players to work with the youth in our community to build a better tomorrow. As a registered 501c3, we are committed to raising funds that focus on community service initiatives for the University of Maryland football players.

  • The Best is Ahead Foundation (TBIAF) was founded to enhance the lives of the underserved youth in the Baltimore and Washington D.C. metropolitan areas using the Name, Image, and Likeness of the University of Maryland football players while focusing on four key initiatives:1. Curbing gun violence2. Decreasing drug and alcohol dependency3. Assist with mental health awareness4. Literacy Improvement within the community

    Expenses $1,614,781 · Grants $90,350

  • The Best is Ahead Foundation (TBIAF) has created community partners that have established relationships with youth organizations in our community to work with underserved youth in our area. TBIAF works with our partners for their programs and events in the community. Our players talk to the youth about our four key initiatives and serve as a role model and mentor with their personal stories on achieving their goal of being a collegiate athlete. The focus is always on our four key initiatives and dedicating yourself at an early age to stay the course. We have witnessed instant connections with the youth. Our Community Partners include:Everytown for Gun Safety | Maryland Moms Demand Action - Gun Violence Education Home | EverytownDC Police Foundation | Metro Police Department, Youth Intervention and Prevention (YIP) Unit Gun Violence Education & Drug and Alcohol Prevention https://www.dcpolicefoundation.org/ Youth Leadership Foundation (YLF) Mental Health Awareness & Literacy Programs https://www.helpingkids.org/about-us Active Minds Mental health Awareness https://www.activeminds.org/ Everybody Wins DC Literacy programs https://everybodywinsdc.org/ Brighter Bites Mental Health Awareness / Literacy Programs https://brighterbites.org/

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Leventhal

    President

    Total calculated
    $0
    Hours/week
    10

  • David Gordan

    Vice President and Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Gal Kaufman

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Ethan Foxman

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ted Hart

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jamie Bragg

    Member

    Total calculated
    $0
    Hours/week
    1

  • Josh Wilson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Richard Harris

    Member

    Total calculated
    $0
    Hours/week
    1

  • Judy Leventhal

    Member

    Total calculated
    $0
    Hours/week
    1

  • D'Qwell Jackson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Danny Crowley

    Executive Vice President

    Total calculated
    $210,350
    From this org
    $200,000
    From related orgs
    $0
    Other
    $10,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $50,000
    Other
    $0
    Deferred
    $4,875
    Nontaxable benefits
    $5,475
    Filer's total
    $210,350

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

None.

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 June 2024
IRS schema version
2023v5.0
Source object
202441649349301864

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