Sbs Basketball Foundation in Gilbert, Arizona (AZ)

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Sbs Basketball Foundation
Employer Identification Number (EIN)861009637
Name of OrganizationSbs Basketball Foundation
In Care of NameWilliam Seitter
Address3543 E Harrison St, Gilbert, AZ 85295-3492
SubsectionCharitable Organization, Educational Organization
Ruling Date05/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$101,325
Amount of Income$39,737
Form 990 Revenue Amount$92,993
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Basketball


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Amount of income in 2012: $39,737 (it was $92,993 in 2011)
Sbs Basketball Foundation: 

 $39,737
Other organizations performing similar types of work: 

 $64,577

Assets in 2012: $101,325 (it was $154,665 in 2011)
Sbs Basketball Foundation: 

 $101,325
Other organizations performing similar types of work: 

 $12,347

Expenses in 2012: $91,729
Sbs Basketball Foundation: 

 $91,729
Other organizations performing similar types of work: 

 $60,846

Income to expenses ratio in 2012: 0.4
Sbs Basketball Foundation: 

 0.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 95.4%
Sbs Basketball Foundation: 

 95.4%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$39,737$1,827$1,827
Contributions, gifts, grants, etc., received$37,910
Interest on savings and temporary cash investments$1,827
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$91,729$0$0$87,770
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$91,729$0$87,770
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-51,992
Net investment income$1,827
Adjusted net income$1,827
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$101,325$105,554
Cash - non-interest-bearing$22,813
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$78,512
Total liabilities$0
Total liabilities and net assets/fund balances$101,325
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$37
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$37
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$71,728
Net value of noncharitable-use assets$70,660
Minimum investment return$3,533
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Suns Nite Hoops IncPO BOX 9, Phoenix, AZ 85001-0009AZ1997-11$105,203
2Wacker Baseball Club1020 W Windward Ct, Phoenix, AZ 85086-6385AZ2004-10$76,376
3Sbs Basketball Foundation3543 E Harrison St, Gilbert, AZ 85295-3492AZ2001-05$39,737
4Tucson Heat Basketball AssociationPO BOX 90627, Tucson, AZ 85752-0627AZ2000-09$23,842
5Arizona Athletes Unlimited Inc1515 W San Angelo St Ste B, Gilbert, AZ 85233-2411AZ2006-03$0
6Arizona Basketball Club9471 W Tonopah Dr, Peoria, AZ 85382-5342AZ2001-08$0
7Arizona Lions Inc15345 W Laurel Ln, Surprise, AZ 85379-5269AZ2014-07$0
8Arizona Magic Youth Basketball Inc2320 East Baseline Road Suite 148 512, Phoenix, AZ 85042AZ2004-04$0
9Arizona Premier Basketball ClubPO BOX 1581, Gilbert, AZ 85299-1581AZ2007-09$0
10Arizona Stars Basketball Organization Incorporated5316 E Doubletree Ranch Road, Paradise Valley, AZ 85253-1620AZ2014-03$0
11Arizona Sting Girls Basketball ClubPo Box 12526, Chandler, AZ 85248AZ2003-02$0
12Arizona Thunder Girls Basketball Inc2325 E Camelback Suite 300, Phoenix, AZ 85016AZ1999-08$0
13Arizona Thunder Youth Basketball Organization Inc11407 N Ironwood Canyon Pl, Tucson, AZ 85737-7258AZ2015-04$0
14Athletes Serving The Kingdom Inc6342 W Aurora Dr, Glendale, AZ 85308AZ2009-06$0
15Az Hoopstars7756 E Phantom Way, Scottsdale, AZ 85255-4663AZ2006-01$0
16Az Hype Foundation6440 E Sierra Vista Dr, Paradise Vly, AZ 85253-4351AZ2004-04$0
17Az Nighthawks Athletic Club Inc4326 W Apollo Rd, Laveen, AZ 85339-6210AZ2015-03$0
18Azs Best Basketball Inc, Azs Best4634 E Sparkling Ln, Paradise Vly, AZ 85253-2924AZ2007-01$0
19Bare Bones Sports Inc16539 E Saguaro Blvd, Fountain Hls, AZ 85268-6526AZ2014-03$0
20Blair Charity GroupPO BOX 65331, Tucson, AZ 85728-5331AZ2013-07$0
Number of organizations performing similar types of work
Alaska8
Alabama27
Arkansas21
Arizona44
California274
Colorado55
Connecticut44
District of Columbia10
Delaware6
Florida162
Georgia87
Hawaii13
Iowa17
Idaho8
Illinois113
Indiana61
Kansas18
Kentucky27
Louisiana26
Massachusetts79
Maryland78
Maine8
Michigan65
Minnesota95
Missouri56
Mississippi8
Montana5
North Carolina90
North Dakota1
Nebraska21
New Hampshire12
New Jersey109
New Mexico16
Nevada18
New York159
Ohio112
Oklahoma29
Oregon49
Pennsylvania95
Rhode Island9
South Carolina29
South Dakota5
Tennessee53
Texas239
Utah10
Virginia90
Vermont5
Washington99
Wisconsin104
West Virginia21
Wyoming4
International5
Total2,799

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