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← MGBA INCORPORATED

Form 990 for tax year 2024

Filed by MGBA INCORPORATED.

Totals

Total revenue
$656,035
Total expenses
$853,676
Contributions and grants received
$312,523
Grants paid
$38,037
Program service revenue
$3,880
Investment income
$0
Other revenue
$339,632
Total assets, end of year
$98,865
Total liabilities, end of year
$138,000
Net assets or fund balances, end of year
-$39,135
Program services expenses (Part IX)
$674,615
Management and general expenses
$68,481
Fundraising expenses
$110,580
Program service expenses (Part III)
$674,615

Program services were 79.0% 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

    $22,833

  • 1f · All other contributions, gifts and grants

    $289,690

  • 2a · Program service revenue: Program Fees

    total $3,880 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $339,632

  • 8a · Fundraising events: contributions included on line 1c

    $22,833

  • 8c · Net income from fundraising events

    total $339,632 · unrelated business $0 · excluded $339,632

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,037 · program services $2,037

  • 2 · Grants to domestic individuals

    total $36,000 · program services $36,000

  • 11b · Fees: legal

    total $1,475 · program services $0 · management and general $1,475 · fundraising $0

  • 11c · Fees: accounting

    total $1,166 · program services $0 · management and general $1,166 · fundraising $0

  • 12 · Advertising and promotion

    total $3,720 · program services $910 · management and general $0 · fundraising $2,810

  • 13 · Office expenses

    total $6,506 · program services $0 · management and general $6,506 · fundraising $0

  • 16 · Occupancy

    total $33,032 · program services $10,400 · management and general $4,625 · fundraising $18,007

  • 17 · Travel

    total $11,966 · program services $0 · management and general $5,634 · fundraising $6,332

  • 20 · Interest

    total $3,005 · program services $0 · management and general $3,005 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,075 · program services $0 · management and general $2,075 · fundraising $0

  • 23 · Insurance

    total $20,963 · program services $0 · management and general $20,213 · fundraising $750

  • 24a · Other expenses: Automobile expense

    total $1,742 · program services $1,742 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank Fees

    total $821 · program services $0 · management and general $821 · fundraising $0

  • 24c · Other expenses: Consulting Fees

    total $3,050 · program services $3,050 · management and general $0 · fundraising $0

  • 24d · Other expenses: Contact Labor

    total $412,504 · program services $403,079 · management and general $2,425 · fundraising $7,000

  • 24e · All other expenses

    total $313,614 · program services $217,397 · management and general $20,536 · fundraising $75,681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,716 · end of year $71,150

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

    $45,077

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

    $24,362

  • 10c · Land, buildings and equipment, net

    beginning of year $22,790 · end of year $20,715

  • 15 · Other assets

    beginning of year $7,000 · end of year $7,000

  • 24 · Unsecured notes and loans payable

    beginning of year $138,000 · end of year $138,000

  • 27 · Net assets without donor restrictions

    beginning of year $158,506 · end of year -$39,135

Mission and programs · 2024

Mission

The mission of the organization is to provide youths in underserved communities the opportunity to compete in youth, recreational and travel baseball leagues. MGBA provides coaching, mentoring and tutoring services as well as scholarship assistance to the athletes.

  • Youth Travel Baseball Teams, Coaching, Mentoring, Tutorial Services and scholarship assistance.

    Expenses $674,615 · Revenue $3,880

As filed on the 2024 return.

Listed in Part VII

  • Marquis Grissom

    President

    Total calculated
    $0
    Hours/week
    20
  • Sharron Hastie-Grissom

    COO

    Total calculated
    $0
    Hours/week
    20
  • Hector Diaz

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Michele Petties

    Board Member

    Total calculated
    $0
    Hours/week
    0.25
  • Laurel Levy

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sabrina Jenkins

    Board Member

    Total calculated
    $0
    Hours/week
    0.25
  • Sidney Hinton

    Board Member

    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

  • Southern University

    $10,000

    Scholarship

  • Eckerd College

    $5,000

    Scholarship

  • Greensboro College

    $5,000

    Scholarship

  • Hampton University

    $5,000

    Scholarship

  • North Carolina A&T State

    $5,000

    Scholarship

  • University of Missouri

    $5,000

    Scholarship

  • Georgia Southern University

    $1,000

    Scholarship

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349322439

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