Overview
What is Fiba Americas Inc?
Fiba Americas Inc, headquartered in Miami, Florida, serves as a nonprofit organization dedicated to promoting international basketball competitions across the Americas continent. With a team of 17 dedicated individuals, Fiba Americas Inc strives to foster a sense of camaraderie and competition among basketball players from various countries in the Americas region. By organizing and hosting these events, the organization aims to bring people together through their shared love for the sport and celebrate the diverse cultural backgrounds of the continent.
Official website here: www.fiba.basketball
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (53%)
Fiba Americas Inc has received a low rating of 53% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises questions about governance and oversight. However, it has demonstrated strength in areas such as conflict of interest and whistleblower policies, showcasing efforts to maintain transparency and ethical standards.
Despite some positive aspects like a solid audit oversight and no material diversion of assets, the organization struggles with a high liabilities to assets ratio, indicating potential financial instability. Additionally, it has been noted that important documents, such as the tax form on its website and a document retention policy, are missing, which further detracts from its financial accountability.
Overall, while Fiba Americas Inc shows commitment to certain governance practices, the absence of independent board oversight and financial concerns highlighted by its low rating underscore the need for improvements in its operational transparency and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Fiba Americas Inc legitimate?
Fiba Americas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiba Americas 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: $1,376,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fiba.basketball
What is the mission statement of Fiba Americas Inc?
Fiba Americas Inc, as an organization, is committed to promoting international basketball competitions within the American continent. Their primary objective is to facilitate these sporting events, thereby fostering a sense of camaraderie and competition among basketball enthusiasts across the continent. By organizing such events, Fiba Americas Inc aims to promote the growth and popularity of basketball in the Americas region. They work tirelessly to ensure that these competitions are well-planned and executed, providing a platform for talented players to showcase their skills and represent their countries. The organization's activities are geared towards enhancing the overall development of basketball in the Americas continent.
Official website here: www.fiba.basketball
Who is the CEO of Fiba Americas Inc?
Carlos Alves is the Executive Director of Fiba Americas Inc.
Official website here: www.fiba.basketball
What is the revenue of Fiba Americas Inc?
Fiba Americas Inc's revenue in 2021 was $5,665,564.
Official website here: www.fiba.basketball
Who are the executives of Fiba Americas Inc and what are their salaries?
The average compensation at Fiba Americas Inc during 2021 was $80,995. There are 17 employees and 15 volunteers at Fiba Americas Inc.
Here are 4 key members and their salaries:
- Compensation: $164,996
- Related: $0
- Other: $77,004
- Compensation: $121,700
- Related: $0
- Other: $26,880
- Compensation: $120,873
- Related: $0
- Other: $27,063
- Compensation: $106,700
- Related: $0
- Other: $25,726
Official website here: www.fiba.basketball
Where can I find the form 990 for Fiba Americas Inc?
Fiba Americas Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.fiba.basketball
Learn more at the official website: www.fiba.basketball
Mission Statement of Fiba Americas Inc
Fiba Americas Inc, a prominent organization, is dedicated to promoting and encouraging international basketball competitions across the American continent. Their primary mission is to facilitate and enhance the sport of basketball on a global scale within this continent. By fostering these competitions, they aim to foster a sense of unity and camaraderie among the participating nations, while also showcasing the athletic prowess and talent that exists within the region. This nonprofit organization plays a significant role in promoting the growth and development of basketball in the Americas, providing a platform for nations to compete and collaborate.
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Impact
July, 2024
Fiba Americas Inc's impact lies in its dedicated efforts to promote and enhance international basketball competitions in the Americas continent. Through its activities, Fiba Americas Inc plays a crucial role in cultivating sporting talent, fostering cultural exchange, and promoting healthy competition among nations in the realm of basketball. Its mission to foster international competitions in the sport of basketball serves as a unifying force, bringing together athletes, coaches, and fans from various countries across the Americas. By facilitating these interactions and promoting the values of sportsmanship and teamwork, Fiba Americas Inc contributes significantly to the growth and development of the basketball community in the region.
This information is meant to be a general summary of Fiba Americas 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $719,941
- Gross Receipts: $5,665,564
Assets and Liabilities:
- Total Assets: $803,062
- Total Liabilities: $792,648
- Net Assets: $10,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TV Rights
Revenue
$719,941
Organization Details
Founding Year
2018
Phone
(786) 719-4312Principal Officer
Carlos Alves
Main Address
3480 Main Highway suite 300, Miami, FL, 33133
Website
www.fiba.basketballNTEE Category
Code: N62 - Recreation
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