Sbs Basketball Foundation in Gilbert, Arizona (AZ)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Sbs Basketball Foundation | |
| Employer Identification Number (EIN) | 861009637 |
| Name of Organization | Sbs Basketball Foundation |
| In Care of Name | William Seitter |
| Address | 3543 E Harrison St, Gilbert, AZ 85295-3492 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements 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 Value | Fair 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) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Suns Nite Hoops Inc | PO BOX 9, Phoenix, AZ 85001-0009 | AZ | 1997-11 | $105,203 |
| 2 | Wacker Baseball Club | 1020 W Windward Ct, Phoenix, AZ 85086-6385 | AZ | 2004-10 | $76,376 |
| 3 | Sbs Basketball Foundation | 3543 E Harrison St, Gilbert, AZ 85295-3492 | AZ | 2001-05 | $39,737 |
| 4 | Tucson Heat Basketball Association | PO BOX 90627, Tucson, AZ 85752-0627 | AZ | 2000-09 | $23,842 |
| 5 | Arizona Athletes Unlimited Inc | 1515 W San Angelo St Ste B, Gilbert, AZ 85233-2411 | AZ | 2006-03 | $0 |
| 6 | Arizona Basketball Club | 9471 W Tonopah Dr, Peoria, AZ 85382-5342 | AZ | 2001-08 | $0 |
| 7 | Arizona Lions Inc | 15345 W Laurel Ln, Surprise, AZ 85379-5269 | AZ | 2014-07 | $0 |
| 8 | Arizona Magic Youth Basketball Inc | 2320 East Baseline Road Suite 148 512, Phoenix, AZ 85042 | AZ | 2004-04 | $0 |
| 9 | Arizona Premier Basketball Club | PO BOX 1581, Gilbert, AZ 85299-1581 | AZ | 2007-09 | $0 |
| 10 | Arizona Stars Basketball Organization Incorporated | 5316 E Doubletree Ranch Road, Paradise Valley, AZ 85253-1620 | AZ | 2014-03 | $0 |
| 11 | Arizona Sting Girls Basketball Club | Po Box 12526, Chandler, AZ 85248 | AZ | 2003-02 | $0 |
| 12 | Arizona Thunder Girls Basketball Inc | 2325 E Camelback Suite 300, Phoenix, AZ 85016 | AZ | 1999-08 | $0 |
| 13 | Arizona Thunder Youth Basketball Organization Inc | 11407 N Ironwood Canyon Pl, Tucson, AZ 85737-7258 | AZ | 2015-04 | $0 |
| 14 | Athletes Serving The Kingdom Inc | 6342 W Aurora Dr, Glendale, AZ 85308 | AZ | 2009-06 | $0 |
| 15 | Az Hoopstars | 7756 E Phantom Way, Scottsdale, AZ 85255-4663 | AZ | 2006-01 | $0 |
| 16 | Az Hype Foundation | 6440 E Sierra Vista Dr, Paradise Vly, AZ 85253-4351 | AZ | 2004-04 | $0 |
| 17 | Az Nighthawks Athletic Club Inc | 4326 W Apollo Rd, Laveen, AZ 85339-6210 | AZ | 2015-03 | $0 |
| 18 | Azs Best Basketball Inc, Azs Best | 4634 E Sparkling Ln, Paradise Vly, AZ 85253-2924 | AZ | 2007-01 | $0 |
| 19 | Bare Bones Sports Inc | 16539 E Saguaro Blvd, Fountain Hls, AZ 85268-6526 | AZ | 2014-03 | $0 |
| 20 | Blair Charity Group | PO BOX 65331, Tucson, AZ 85728-5331 | AZ | 2013-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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