National Basketball Association Foundation

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

EIN: 853122376 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is National Basketball Association Foundation?

The National Basketball Association Foundation is a nonprofit organization based in New York, New York, with a workforce of five employees. Their primary mission is to foster economic empowerment in black communities by creating employment and career development opportunities for black youth. They achieve this goal by funding programs that facilitate successful transitions from school to meaningful employment, driving economic opportunity within these communities.


Official website here: www.nbafoundation.nba.com/

Is National Basketball Association Foundation legitimate?

National Basketball Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Basketball 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.

Here are some key statistics you may want to consider:

Executive Compensation: $738,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,335

For more financial information, click here


Official website here: www.nbafoundation.nba.com/

What is the mission statement of National Basketball Association Foundation?

The National Basketball Association Foundation is dedicated to fostering economic opportunity in Black communities. They achieve this goal by funding programs that facilitate successful transitions from school to meaningful employment for Black youth. By providing assistance through employment and career advancement opportunities, the foundation aims to empower Black communities and drive sustainable change. Their initiatives focus on bridging the gap between education and employment, ultimately contributing to the long-term economic growth and stability of the communities they serve.


Official website here: www.nbafoundation.nba.com/

Who is the CEO of National Basketball Association Foundation?

Mark Tatum is the President of National Basketball Association Foundation.


Official website here: www.nbafoundation.nba.com/

What is the revenue of National Basketball Association Foundation?

National Basketball Association Foundation's revenue in 2022 was $31,418,969.


Official website here: www.nbafoundation.nba.com/

Who are the executives of National Basketball Association Foundation and what are their salaries?

The average compensation at National Basketball Association Foundation during 2022 was $234,249. There are 5 employees and 12 volunteers at National Basketball Association Foundation.

Here are 16 key members and their salaries:

    Greg Taylor (Executive Director)
  • Compensation: $633,179
  • Related: $0
  • Other: $61,265

    • Lauren Sills (Operations Lead)
  • Compensation: $195,997
  • Related: $0
  • Other: $10,353

    • Adela Ruiz-Olivio (Program And Grants Lead)
  • Compensation: $130,463
  • Related: $0
  • Other: $9,172

    • Harrison Barnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gayle Benson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tobias Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Jordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Antony Ressler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Silver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence Tanenbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Roberts (Director - Until Jan. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamika Tremaglio (Director - Began From Jan. 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Tatum (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Behrens (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heidi Nadler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Carpenter-Dennis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nbafoundation.nba.com/

    Where can I find the form 990 for National Basketball Association Foundation?

    The National Basketball Association Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nbafoundation.nba.com/

    Learn more at the official website: www.nbafoundation.nba.com/

    Mission Statement of National Basketball Association Foundation

    The National Basketball Association Foundation is a dedicated organization that strives to generate economic opportunities in Black communities by funding programs that facilitate successful transitions from school to meaningful employment for Black youth. In simpler terms, the Foundation aims to bridge the gap between education and employment for this demographic. Through its mission, the Foundation believes it can make a significant impact on the lives of young Black individuals by providing them with the resources and support they need to launch successful careers.

    The National Basketball Association Foundation's commitment to economic empowerment is evident in its focus on employment and career development. By funding various programs, the organization creates opportunities for Black youth to gain the necessary skills and knowledge required to secure gainful employment. The Foundation's efforts not only help individuals secure their first jobs but also facilitate career advancement. In doing so, the Foundation contributes to the long-term economic stability of Black communities and the wider society as a whole.

    Moreover, the National Basketball Association Foundation's initiatives go beyond just providing financial assistance. The organization recognizes that successful career transitions involve more than just technical skills; they require a strong foundation in soft skills, such as communication, teamwork, and problem-solving. Therefore, the Foundation's programs often include training in these areas to ensure that young Black individuals are well-equipped to thrive in the workplace and succeed in their chosen careers. In this way, the National Basketball Association Foundation's mission serves as a catalyst for positive change, enabling Black youth to build fulfilling and self-sufficient lives.

    Impact

    This information is meant to be a general summary of National Basketball Association Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The National Basketball Association Foundation drives economic opportunity in Black communities through employment and career development. By funding programs that facilitate successful transitions from school to meaningful employment for Black youth, the foundation is actively working to provide assistance through economic empowerment in these communities. This focused mission aims to create tangible impacts on individuals and families by providing employment and career advancement opportunities that can help improve overall quality of life. Through these efforts, the foundation contributes to community improvement and works towards creating a more equitable and inclusive society.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,469
  • Program Service Revenue: $0
  • Gross Receipts: $31,418,969

    • Assets and Liabilities:
  • Total Assets: $36,835,686
  • Total Liabilities: $9,148,747
  • Net Assets: $27,686,939
  • Organization Details

    Founding Year

    2020

    Principal Officer

    Mark Tatum

    Main Address

    645 FIFTH AVENUE, NEW YORK, NY, 10022

    NTEE Category

    Code: S31 - Community improvement

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