Form 990 for tax year 2022
Filed by PACERS BASKETBALL CORP FOUNDATION INC.
Totals
- Total revenue
- $859,610
- Total expenses
- $417,071
- Contributions and grants received
- $886,143
- Grants paid
- $152,092
- Program service revenue
- $0
- Investment income
- $53,377
- Other revenue
- -$79,910
- Total assets, end of year
- $1,495,172
- Total liabilities, end of year
- $76,161
- Net assets or fund balances, end of year
- $1,419,011
- Program services expenses (Part IX)
- $307,314
- Management and general expenses
- $76,937
- Fundraising expenses
- $32,820
- Program service expenses (Part III)
- $307,314
Program services were 73.7% 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.
-
1c · Fundraising events
$326,014
-
1f · All other contributions, gifts and grants
$560,129
-
1g · Noncash contributions included above
$41,082
-
3 · Investment income
total $41,776 · excluded $41,776
-
7a · Gross sales of assets other than inventory
securities $205,462
-
7b · Less cost or other basis and sales expenses
securities $193,861
-
7c · Gain or loss
securities $11,601
-
7d · Net gain or loss
total $11,601 · excluded $11,601
-
8a · Fundraising events: gross income
$54,108
-
8a · Fundraising events: contributions included on line 1c
$326,014
-
8b · Fundraising events: direct expenses
$134,018
-
8c · Net income from fundraising events
total -$79,910 · excluded -$79,910
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $132,092 · program services $132,092
-
2 · Grants to domestic individuals
total $20,000 · program services $20,000
-
5 · Compensation of officers, directors and key employees
total $82,051 · program services $32,821 · management and general $16,410 · fundraising $32,820
-
11b · Fees: legal
total $4,154 · management and general $4,154
-
11c · Fees: accounting
total $17,000 · management and general $17,000
-
11f · Fees: investment management
total $5,680 · management and general $5,680
-
11g · Fees: other
total $29,023 · management and general $29,023
-
23 · Insurance
total $3,865 · management and general $3,865
-
24a · Other expenses: MATH HOOPS
total $122,401 · program services $122,401
-
24e · All other expenses
total $805 · management and general $805
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,595 · end of year $282,116
-
3 · Pledges and grants receivable
beginning of year $12,600 · end of year $230,271
-
9 · Prepaid expenses and deferred charges
end of year $17,355
-
11 · Investments: publicly traded securities
beginning of year $876,475 · end of year $964,766
-
15 · Other assets
beginning of year $359 · end of year $664
-
17 · Accounts payable and accrued expenses
beginning of year $2,496 · end of year $76,161
-
19 · Deferred revenue
beginning of year $15,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $865,321 · end of year $1,073,179
-
28 · Net assets with donor restrictions
beginning of year $65,212 · end of year $345,832
Mission and programs · 2022
Mission
SEE SCHEDULE O
Activities or mission (Part I)
THE FOUNDATION IS DEDICATED TO RAISING FUNDS IN SUPPORT OF YOUTH-ORIENTED CHARITIES AND PROGRAMS ACROSS THE STATE OF INDIANA. IT SEEKS TO DRAW ON THE ENERGY, TEAM PRIDE, AND SPIRIT OF SELFLESSNESS THAT CHARACTERIZE PACER BASKETBALL TO HELP MAKE A DIFFERENCE FOR YOUNG PEOPLE.
-
CHARITABLE DONATIONS ARE AWARDED TO VARIOUS 501(C)(3) GROUPS THAT ARE COMMITTED TO MAKING A DIFFERENCE IN THE LIVES OF INDIANA'S YOUTH BY ENCOURAGING THEM TO SET PERSONAL GOALS AND ACTUALIZE THEIR DREAMS.
Expenses $184,913 · Grants $152,092
-
MATH HOOPS IS A FOUR-YEAR INITIATIVE THAT ALIGNS A STATEWIDE FOCUS BY EDUCATION, BUSINESS AND CIVIC LEADERS TO STRENGTHEN ACCESS TO QUALITY STEM EDUCATION. DATA SHOWS PERSISTENT GAPS IN MATH PROFICIENCY, PARTICULARLY FOR LOWER-INCOME STUDENTS, EVEN AS MORE CAREERS DEMAND GREATER MASTERY OF STEM SUBJECTS. THE NBA MATH HOOPS PROGRAM HAS DEMONSTRATED SUCCESS OVER TIME IN IMPROVING OUTCOMES IN CITIES WHERE IT HAS BEEN IMPLEMENTED THROUGH SCHOOLS AND COMMUNITY ORGANIZATIONS.
Expenses $122,401
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rachel SimonRACHEL SIMON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mel RainesMEL RAINES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Matt AlbrechtMATT ALBRECHT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Corey WilsonCOREY WILSON
EXECUTIVE DIRECTOR AND SEC
- Total calculated
- $0
- Hours/week
- 10
-
Bill BennerBILL BENNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Danny LopezDANNY LOPEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy Simon-SkjodtCINDY SIMON-SKJODT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Greg SchenkelGREG SCHENKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Quinn BucknerQUINN BUCKNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick FusonRICK FUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracy Ellis-WardTRACY ELLIS-WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rico FrancisRICO FRANCIS
BOARD MEMBER, SOCIAL IMPACT DIR.
- Total calculated
- $101,963
- From this org
- $89,713
- From related orgs
- $0
- Other
- $12,250
- 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
-
$9,584
PROVIDE FOOD FOR THE HUNGRY
-
$8,000
SUPPORT CHILDREN'S SERVICES
-
$8,000
BOLSTER CUSTOMIZED ONE-ON-ONE COLLEGE ACCESS AND FINANCIAL AID INFORMATION FOR LATINO HIGH SCHOOL STUDENTS
-
$8,000
SUPPORT COMMUNITY EDUCTION PROGRAM
-
YOUTH WORK-BASED LEARNING EXPERIENCES
-
$5,000
YOUTH DEVELOPMENT
-
YOUTH DEVELOPMENT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PACERS BASKETBALL LLC
N/A · NBA FRANCHISE · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411099349300826
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