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/
What are the reviews and ratings of this charity?
The National Basketball Association Foundation is not currently rated by Charity Navigator. This absence of a rating does not imply a positive or negative standing but indicates a lack of sufficient data or the organization's current exclusion from evaluation metrics. Charity Navigator relies on three-year averages of accountability and finance data sourced from IRS Form 990 filings for its ratings, and the NBA Foundation has two years of available data.
The NBA Foundation's financial data is transparent, revealing compensation details for its key personnel. Greg Taylor, the Executive Director, receives a salary of $643,282, while other leadership salaries are also disclosed. The Foundation is largely supported by governmental units or public contributions and operates independently rather than under or within any regional or geographic organizations.
Despite the unavailability of ratings for impact and measurement, culture and community, and leadership and adaptability due to data gaps, the foundation's commitment to transparency is evident through its detailed financial disclosures. However, the lack of comprehensive evaluation in key performance areas might limit public insights into its overall effectiveness and strategic impact. There are no user reviews available on GreatNonprofits to further inform public perception.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
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- Other: $9,172
- Compensation: $195,997
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- Other: $10,353
Official website here: www.nbafoundation.nba.com/
Where can I find the form 990 for National Basketball Association Foundation?
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.
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Impact
October, 2024
The National Basketball Association Foundation significantly impacts Black communities by driving economic opportunities focused on employment and career development. It funds initiatives designed to ensure successful transitions for Black youth from school to meaningful employment, addressing educational and economic disparities. By facilitating career advancement opportunities, the Foundation empowers young individuals, helping them build brighter futures. The Foundation's commitment to economic empowerment fosters community improvement, enabling the development of a workforce equipped with the skills necessary to thrive in today's job market, ultimately contributing to the upliftment of Black communities across the nation.
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.
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 2022.
- Investment Income: $18,469
- Gross Receipts: $31,418,969
Assets and Liabilities:
- Total Assets: $36,835,686
- Total Liabilities: $9,148,747
- Net Assets: $27,686,939
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Organization Details
Founding Year
2020
Phone
(201) 974-6453Principal Officer
Mark Tatum
Main Address
645 FIFTH AVENUE, NEW YORK, NY, 10022
Website
www.nbafoundation.nba.com/NTEE Category
Code: S31 - Community improvement
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