EIN 85-3122376

National Basketball Association Foundation

Name: National Basketball Association Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

New York

State

New York

Year formed

2020

Most recent tax filings

2023-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The National Basketball Association Foundation drives economic opportunity in black communities by funding programs that generate successful transition from school to meaningful employment for black youth. Its mission is to provide assistance through economic empowerment in black communities through employment and career advancement opportunities.

Also known as...

NBA Foundation

Total revenues

$33,525,098

2023

Total expenses

$44,490,332

2023

Total assets

$40,724,236

2023

Num. employees

2023

Program areas at National Basketball Association Foundation

To provide assistance through economic empowerment in black communities through employment and career advancement opportunities.

Grants made by National Basketball Association Foundation

Grantee	Grant description	Grant year	Amount
Childrens Defense Fund (CDF)	In Support of Programs Enhancing Economic Empowerment in Black Communities.	2023-06	$4,063,750
City Year	In Support of Programs Enhancing Economic Empowerment in Black Communities.	2023-06	$1,200,000
Year Up	In Support of Programs Enhancing Economic Empowerment in Black Communities.	2023-06	$1,000,000
...and 95 more grants made totalling $39,488,750

Who funds National Basketball Association Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Phoenix Suns Charities	2023-06	General Support	$1,000,000
Milwaukee Bucks Foundation	2023-06	To Support the General Activities and Goals of the Charity	$250,000

Personnel at National Basketball Association Foundation

Name	Title	Compensation	Date of data
Greg Taylor	Executive Director	$643,282	2023-06-30
Greg Taylorexecutive	Director		2023-06-09
Ira Reiss	Treasurer		2024-05-14
Kathy Behrens	Vice President	$0	2023-06-30
Mark Tatum	President	$0	2023-06-30
...and 2 more key personnel

Financials for National Basketball Association Foundation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$31,830,000	$31,400,500	1.4%
Program services	$500,000	$0	999%
Investment income and dividends	$1,195,098	$18,469	6370.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$33,525,098	$31,418,969	6.7%

Form 990s for National Basketball Association Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-14	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-16	990	View PDF

Organizations like National Basketball Association Foundation

Organization	Type	Location	Revenue
Commonwealth Impact Foundation	501(c)(3)	Indianapolis, IN	$11,685,333
Milwaukee Development Corporation	501(c)(3)	Milwaukee, WI	$21,906,807
Golden LEAF Foundation	501(c)(3)	Rocky Mount, NC	$57,758,666
Community Investment Corporation	501(c)(3)	Tucson, AZ	$29,133,218
Old Spanish Trail-Almeda Corridors Redevelopment Authority	501(c)(3)	Houston, TX	$14,332,736
Greater Northwest Kansas Community Foundation	501(c)(3)	Bird City, KS	$31,578,418
Insitech	501(c)(3)	Warren, NJ	$14,170,278
Community Initiatives Development Corporation (CIDC)	501(c)(3)	Lakewood Ranch, FL	$8,661,238
Gateway Economic Development Corporation of Greater Cleveland	501(c)(3)	Cleveland, OH	$32,203,082
Regional Industrial Development Corporation (RIDC)	501(c)(3)	Pittsburgh, PA	$13,086,181

Data update history

August 9, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 25, 2024

Updated personnel

Identified 1 new personnel

July 12, 2024

Received grants

Identified 2 new grant, including a grant for $1,000,000 from Phoenix Suns Charities

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 4, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Provides grantsOperates internationallyTax deductible donationsAccepts online donations

General information

Address: 645 Fifth Ave; New York, NY 10022
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: New York County, NY
Website URL: nbafoundation.nba.com/
Phone: (201) 974-6453

IRS details

EIN: 85-3122376
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2020
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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National Basketball Association Foundation

Program areas at National Basketball Association Foundation

Grants made by National Basketball Association Foundation

Who funds National Basketball Association Foundation

Personnel at National Basketball Association Foundation

Financials for National Basketball Association Foundation

Form 990s for National Basketball Association Foundation

Organizations like National Basketball Association Foundation

Nonprofits

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