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Nonprofiteer
← FRIENDS OF TEAM ARMENIA BASKETBALL

Form 990 for tax year 2024

Filed by FRIENDS OF TEAM ARMENIA BASKETBALL.

Totals

Total revenue
$373,000
Total expenses
$395,987
Contributions and grants received
$320,000
Grants paid
$0
Program service revenue
$53,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$206,856
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$206,856
Program services expenses (Part IX)
$320,699
Management and general expenses
$72,888
Fundraising expenses
$2,400
Program service expenses (Part III)
$320,699

Program services were 81.0% 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.

  • 1f · All other contributions, gifts and grants

    $320,000

  • 2a · Program service revenue: SALES

    total $53,000 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: MEALS

    total $773 · program services $0 · management and general $773 · fundraising $0

  • 24b · Other expenses: MEDICAL

    total $3,900 · program services $3,900 · management and general $0 · fundraising $0

  • 24c · Other expenses: COACHING AND ASSISTANCE

    total $57,706 · program services $57,706 · management and general $0 · fundraising $0

  • 24d · Other expenses: ARENA FEES

    total $46,892 · program services $46,892 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $286,716 · program services $212,201 · management and general $72,115 · fundraising $2,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,843 · end of year $206,856

  • 27 · Net assets without donor restrictions

    beginning of year $229,843 · end of year $206,856

Mission and programs · 2024

Mission

TO BUILD, ENHANCE, AND SUSTAIN AN AELITE NATIONAL BASKETBALL PROGRAM THAT WILL COMPETE ON A WORLDIDE STAGE IN FIBA HELPING DEVELOP NATIONAL TEAM PLAYERS

  • DONATIONS AND GAME TICKET SALES

    Expenses $320,699 · Revenue $373,000

As filed on the 2024 return.

Listed in Part VII

  • REX KALAMIAN

    PRESIDENT

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2025
IRS schema version
2024v5.1
Source object
202531539349300978

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