Overview
What is National Basketball Players Association Foundation?
The National Basketball Players Association Foundation, established in New York, NY, is a nonprofit organization with a mission to support and promote youth sports, education, and similar initiatives. They achieve this by granting funds to eligible 501(c)(3) organizations. This philanthropic entity emphasizes and accelerates the collaborative efforts of NBA players in uplifting their communities and fostering meaningful change. With a modest workforce of four individuals, the foundation showcases and strengthens the players' collective dedication to enhancing the lives of young people.
Official website here: www.nbpafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 85%, Three-Star out of Four Star rating.
The National Basketball Players Association Foundation earned an 85% rating, indicating a solid level of accountability and financial health. The foundation's strong performance is reflected in its high program expense ratio of 86.40%, which suggests that a significant portion of its funds is directed towards its mission. Additionally, the organization has a liability-to-assets ratio of only 5.63%, showcasing its stability and prudent financial management.
Strengths include a well-structured governance framework with 66% independent board members and comprehensive policies in place, including conflict of interest and whistleblower policies. The foundation also exhibits no material diversion of assets and has effectively managed its operational costs, as evidenced by its optimal fundraising efficiency ratio.
However, the foundation's board size may raise some concerns, as there are only four independent members. While it maintains a strong independent presence, increasing board size could enhance governance practices further. Overall, the National Basketball Players Association Foundation appears to be a fiscally responsible organization committed to its mission, although some areas for improvement exist in governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is National Basketball Players Association Foundation legitimate?
National Basketball Players Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Basketball Players Association Foundation 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: $491,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,726
For more financial information, click here
Official website here: www.nbpafoundation.com
What is the mission statement of National Basketball Players Association Foundation?
The National Basketball Players Association Foundation's mission is centered around providing grants to eligible 501(c)(3) organizations to support and promote various charitable causes, particularly focusing on youth sports and education. The foundation highlights and accelerates the collaborative work that basketball players undertake globally, aiming to create meaningful change in their communities. The mission of the National Basketball Players Association Foundation is to empower these communities and contribute to their betterment.
Official website here: www.nbpafoundation.com
What is the revenue of National Basketball Players Association Foundation?
National Basketball Players Association Foundation's revenue in 2024 was $11,017,161.
Official website here: www.nbpafoundation.com
Who are the executives of National Basketball Players Association Foundation and what are their salaries?
The average compensation at National Basketball Players Association Foundation during 2024 was $114,711. There are 6 employees at National Basketball Players Association Foundation.
Here are 10 key members and their salaries:
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- Compensation: $416,305
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- Other: $13,903
Official website here: www.nbpafoundation.com
Where can I find the form 990 for National Basketball Players Association Foundation?
National Basketball Players Association Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nbpafoundation.com
Learn more at the official website: www.nbpafoundation.com
Mission Statement of National Basketball Players Association Foundation
The National Basketball Players Association Foundation serves a crucial role in providing grants to selected 501(c)(3) organizations. Its mission is to highlight and accelerate the collaborative work that basketball players undertake globally, aimed at improving their communities and instigating significant change. The foundation focuses on supporting and promoting youth sports, education, and similar programs through these grants. By doing so, the National Basketball Players Association Foundation contributes to the overall development and well-being of communities, empowering the next generation and fostering a sense of responsibility among its beneficiaries.
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Impact
October, 2024
The National Basketball Players Association Foundation significantly contributes to community development by providing grants to selected 501(c)(3) organizations. Its focus is on promoting education, youth sports, and other charitable purposes, aligning with its mission to highlight and amplify the collaborative efforts of players in building their communities and driving meaningful change. Operating out of New York, the foundation enhances access to sports and educational programs, fostering opportunities for young people and positively impacting their lives. By partnering with various organizations, the NBPA Foundation plays a critical role in encouraging community engagement and addressing social issues through impactful initiatives.
This information is meant to be a general summary of National Basketball Players Association Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $812,658
- Gross Receipts: $17,451,654
Assets and Liabilities:
- Total Assets: $34,343,665
- Total Liabilities: $969,417
- Net Assets: $33,374,248
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Organization Details
Founding Year
1996
Principal Officer
Stephanie Rawlings-Blake
Website
www.nbpafoundation.comNTEE Category
Code: P60 - Human services
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