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Nba Players Legacy Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133307719 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Nba Players Legacy Fund Inc?

Nba Players Legacy Fund Inc, located in New York, is a nonprofit organization with a mission to offer aid to individuals connected with professional basketball. Chartered with the objective of providing assistance on a needs basis, this fund serves the basketball community. With a modest workforce of three individuals, it aims to offer support to those in need, contributing positively to the professional basketball community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90%

The NBA Players Legacy Fund Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 100% in accountability, indicating strong governance practices, including a fully independent board and comprehensive policies for conflict of interest and whistleblower protections. This level of oversight enhances trust in their financial management.

Furthermore, the fund demonstrates efficient use of its resources, with an impressive program expense ratio of 92.65%, suggesting that the vast majority of its expenditures directly support its mission. The liabilities to assets ratio of 11.58% further showcases the fund's solid financial footing, assuring donors of its sustainability and capacity to fulfill its objectives over the long term.

While the ratings highlight numerous strengths, they also underscore the importance of continued transparency and engagement with stakeholders to maintain and improve this high standard. Overall, the NBA Players Legacy Fund Inc stands out as a well-managed nonprofit committed to its cause.


This AI summary has been generated from information found on Charity Navigator.

Is Nba Players Legacy Fund Inc legitimate?

Nba Players Legacy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nba Players Legacy Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $112,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,458

For more financial information, click here

What is the mission statement of Nba Players Legacy Fund Inc?

The NBA Players Legacy Fund Inc. was established with a mission to offer aid, on a needs-basis, to individuals connected to the professional basketball sector. This non-profit organization's primary goal is to extend assistance to those associated with the basketball industry. The aid is provided based on the individuals' financial requirements. The organization's activities revolve around providing support to those in need within the professional basketball community.

Who is the CEO of Nba Players Legacy Fund Inc?

Anne Corry is the Executive Director of Nba Players Legacy Fund Inc.

What is the revenue of Nba Players Legacy Fund Inc?

Nba Players Legacy Fund Inc's revenue in 2023 was $1,029,601.

Who are the executives of Nba Players Legacy Fund Inc and what are their salaries?

The average compensation at Nba Players Legacy Fund Inc during 2023 was $48,011. There are 3 employees and 6 volunteers at Nba Players Legacy Fund Inc.


Here are 7 key members and their salaries:


Anne Corry (Executive Director)
  • Compensation: $96,408
  • Related: $0
  • Other: $0
Purvis Short (President/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mario West (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Wilcox (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamila Wideman (Vp/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Stern (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Aaron (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nba Players Legacy Fund Inc?

Nba Players Legacy Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Nba Players Legacy Fund Inc

The NBA Players Legacy Fund Inc, as established, is committed to extending aid, contingent upon necessity, to individuals who are closely connected to the professional basketball sphere. Its primary mission is to offer assistance to these individuals, ensuring that they receive the necessary support when needed. The fund operates under the principle of equity, providing aid to those associated with the basketball profession.

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Impact




August, 2024

NBA Players Legacy Fund Inc has had a significant impact by providing assistance to individuals associated with professional basketball based on need. Through their activities, they have positively impacted the lives of those within the basketball community who may require support. Their work exemplifies a commitment to helping individuals in the professional basketball sphere overcome challenges and thrive.




This information is meant to be a general summary of Nba Players Legacy Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,029,601 (2023)
Expenses
$1,208,503 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $29,601
  • Gross Receipts: $1,029,601

Assets and Liabilities:

  • Total Assets: $1,361,991
  • Total Liabilities: $157,821
  • Net Assets: $1,204,170

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Organization Details

Founding Year

1985

Principal Officer

Anne Corry

Main Address

C/O NBA 645 FIFTH AVENUE, NEW YORK, NY, 10022

NTEE Category

Code: N120 - Recreation

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