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5050 FOUNDATION

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Public nonprofit record

5050 FOUNDATION

EIN 86-2202687 · Amateur Sports (N60)

What they do

THE FOUNDATION ORGANIZES, OPERATES, and MAINTAINS INTEGRATED PROGRAMS of BASKETBALL INSTRUCTION and ACTIVITIES AVAILABLE to BOYS and GIRLS IN GRADES NINE THROUGH TWELVE IN A MANNER THAT FIRMLY IMPLANTS THE SPIRIT of COMPETITION and THE VIRTUES of GOOD SPORTSMANSHIP, DISCIPLINE, TEAMWORK, HONESTY, LOYALTY, COURAGE, and RESPECT IN THE PROGRAMS PARTICIPANTS, and THAT DEVELOPS ENTHUSIASTIC SUPPORT for BASKETBALL AMONG STUDENTS, PARENTS, and PLAYERS BY, AMONG OTHER ACTIVITIES, TEACHING THE ADVANCE FUNDAMENTALS of BASKETBALL to THE PROGRAMS PARTICIPANTS, PROMOTING EXCELLENCE IN BASKETBALL BY DEVELOPING A COORDINATED EFFORT AMOUNTS ITS VARIOUS PROGRAMS, PROVIDING A PATHWAY for SECONDARY EDUCATIONAL SCHOLARSHIPS THROUGH ATHLETICS and ACADEMICS, and COMPETING and EXCELLING IN AMATEUR ATHLETIC UNION BASKETBALL TOURNAMENTS.

Money

Financial picture

Tax year 2024
Revenue$397,842
Expenses$272,980
Assets$163,415
Income$543,470
Contributions$524,483
Grants given$142,500
Average grant$28,500
Management$11,365
Accounting fees$11,365

About this charity

Recognized since
January 2021
Location
POST OFFICE BOX 150369, NASHVILLE, TN 37215
County
Davidson
In care of
BRIANNA BETTS
Primary officer
BRIANNA BETTS, CO-FOUNDER AND PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CITRIN COOPERMAN ADVISORS LLC
NTEE classification
Amateur Sports (N60)
IRS tax category
Amateur Sports
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
16
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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