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Nonprofiteer
← PACERS BASKETBALL CORP FOUNDATION INC

Form 990 for tax year 2023

Filed by PACERS BASKETBALL CORP FOUNDATION INC.

Totals

Total revenue
$13,767,015
Total expenses
$1,005,490
Contributions and grants received
$13,517,275
Grants paid
$398,396
Program service revenue
$0
Investment income
$249,209
Other revenue
$531
Total assets, end of year
$14,389,980
Total liabilities, end of year
$99,561
Net assets or fund balances, end of year
$14,290,419
Program services expenses (Part IX)
$888,740
Management and general expenses
$82,631
Fundraising expenses
$34,119
Program service expenses (Part III)
$888,740

Program services were 88.4% 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

    $135,112

  • 1f · All other contributions, gifts and grants

    $13,382,163

  • 1g · Noncash contributions included above

    $2,039,873

  • 3 · Investment income

    total $249,209 · excluded $249,209

  • 8a · Fundraising events: gross income

    $60,768

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

    $135,112

  • 8b · Fundraising events: direct expenses

    $96,394

  • 8c · Net income from fundraising events

    total -$35,626 · excluded -$35,626

  • 9a · Gaming: gross income

    $113,456

  • 9b · Gaming: direct expenses

    $77,299

  • 9c · Net income from gaming

    total $36,157 · excluded $36,157

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $383,693 · program services $383,693

  • 2 · Grants to domestic individuals

    total $14,703 · program services $14,703

  • 5 · Compensation of officers, directors and key employees

    total $85,299 · program services $34,120 · management and general $17,060 · fundraising $34,119

  • 11b · Fees: legal

    total $16,621 · management and general $16,621

  • 11c · Fees: accounting

    total $23,783 · management and general $23,783

  • 11f · Fees: investment management

    total $9,358 · management and general $9,358

  • 11g · Fees: other

    total $8,935 · management and general $8,935

  • 23 · Insurance

    total $3,650 · management and general $3,650

  • 24a · Other expenses: MATH HOOPS

    total $295,952 · program services $295,952

  • 24b · Other expenses: DRIVE & DISH

    total $160,272 · program services $160,272

  • 24e · All other expenses

    total $3,224 · management and general $3,224

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,116 · end of year $529,042

  • 3 · Pledges and grants receivable

    beginning of year $210,890 · end of year $440,960

  • 4 · Accounts receivable

    beginning of year $19,381 · end of year $16,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,355 · end of year $3,650

  • 11 · Investments: publicly traded securities

    beginning of year $964,766 · end of year $13,398,692

  • 15 · Other assets

    beginning of year $664 · end of year $1,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,161 · end of year $36,911

  • 19 · Deferred revenue

    end of year $62,650

  • 27 · Net assets without donor restrictions

    beginning of year $1,073,179 · end of year $13,442,877

  • 28 · Net assets with donor restrictions

    beginning of year $345,832 · end of year $847,542

Mission and programs · 2023

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 $592,788 · Grants $398,396

  • 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 $295,952

As filed on the 2023 return.

Listed in Part VII

  • Rachel Simon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mel Raines

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matt Albrecht

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Corey Wilson

    EXECUTIVE DIRECTOR/SECY.

    Total calculated
    $0
    Hours/week
    10

  • Cindy Simon Skjodt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Juan Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Lake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danny Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Quinn Buckner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Fuson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy Ellis-Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rico Francis

    BD. MBER, SOCIAL IMPACT DIR.

    Total calculated
    $88,588
    From this org
    $81,836
    From related orgs
    $0
    Other
    $6,752
    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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202521329349302597

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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