Skip to content
Nonprofiteer
← 5050 FOUNDATION

Form 990-EZ for tax year 2023

Filed by 5050 FOUNDATION.

Totals

Total revenue
$149,408
Total expenses
$126,144
Contributions and grants received
$149,572
Grants paid
not reported
Program service revenue
$9,474
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
-$9,638
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$38,553
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$38,553
Program service expenses (Part III)
$92,742

Program services were 73.5% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

Primary exempt purpose

TO ORGANIZE, OPERATE, AND MAINTAIN INTEGRATED PROGRAMS OF BASKETBALL INSTRUCTION AND ACTIVITIES AVAILABLE TO BOYS AND GIRLS IN GRADES NINE THROUGH TWELVE IN A MANNER THAT FIRMLY IMPLANTS THE SPIRIT OF COMPETITION AND THE VIRTUES OF GOOD SPORTSMANSHIP, DISCIPLINE, TEAMWORK, HONESTY, LOYALTY, COURAGE, AND RESPECT IN THE PROGRAMS' PARTICIPANTS, AND THAT DEVELOPS ENTHUSIASTIC SUPPORT FOR BASKETBALL AMONG STUDENTS, PARENTS, AND PLAYERS BY, AMONG OTHER ACTIVITIES, TEACHING THE ADVANCE FUNDAMENTALS OF BASKETBALL TO THE PROGRAMS' PARTICIPANTS, PROMOTING EXCELLENCE IN BASKETBALL BY DEVELOPING A COORDINATED EFFORT AMOUNTS ITS VARIOUS PROGRAMS, PROVIDING A PATHWAY FOR SECONDARY EDUCATIONAL SCHOLARSHIPS THROUGH ATHLETICS AND ACADEMICS, AND COMPETING AND EXCELLING IN AMATEUR ATHLETIC UNION BASKETBALL TOURNAMENTS.

  • THE ORGANIZATION SUPPORTED TOURNAMENT RELATED COSTS FOR 4 BASKETBALL TEAMS, TOTALING 39 HIGH SCHOOL AGE PLAYERS.

    Expenses $92,742

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

Listed in Part IV

  • Mookie Betts

    FOUNDER

    Total calculated
    $0
    Hours/week
    1
  • Brianna Betts

    CO-FOUNDER AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Brandon McPhail

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Andrew Montgomery

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Cam Lewis

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423209349208867

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

The source document this was parsed from is served over the API, which is where bulk and document access live.