2024-10-11T14:40:00+00:00 2024-05-31 346565596 ERNST & YOUNG US LLP 99 WOOD AVE S ISELIN NJ 08830 990 2023-06-01 133307719 NBA Players Legacy Fund Inc NBAP 2019746771 C/O NBA 645 FIFTH AVENUE NEW YORK NY 10022 ANNE CORRY EXECUTIVE DIRECTOR 2019746771 2024-10-11 true Michael Sales P01770943 7325164200 2023-10-09 2023 2024-10-15 13:58:12Z ANNE CORRY 645 FIFTH AVENUE NEW YORK NY 10022 1084650 false X N/A X 1985 NY NBA PLAYERS LEGACY FUND INC. WAS CHARTERED TO PROVIDE ASSISTANCE, ON THE BASIS OF NEED, TO INDIVIDUALS ASSOCIATED WITH PROFESSIONAL BASKETBALL. 4 4 2 7 0 0 1000000 1000000 0 29601 55896 28754 1029601 1084650 947734 1203640 0 155267 172186 0 0 105502 58944 1208503 1434770 -178902 -350120 1361991 1175340 157821 301443 1204170 873897 NBA PLAYERS LEGACY FUND INC. WAS CHARTERED TO PROVIDE ASSISTANCE, ON THE BASIS OF NEED, TO INDIVIDUALS ASSOCIATED WITH PROFESSIONAL BASKETBALL. false false 1388014 1203640 PROVIDE ASSISTANCE, ON THE BASIS OF NEED, TO INDIVIDUALS ASSOCIATED WITH PROFESSIONAL BASKETBALL. 1388014 true true false false false false false false false false false false false false false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 0 0 2 true false false false false false false false false false false false false X 4 4 false false false false true true false true false false false false true true true true false true false false NY X NEIL AARON 2128267000 645 FIFTH AVENUE NEW YORK NY 10022 JAMILA WIDEMAN VP/BOARD MEMBER 1.0 0.0 X X 0 0 0 PURVIS SHORT PRESIDENT/BOARD MEMBER 1.0 0.0 X X 0 0 0 ARTIE BAYES BOARD MEMBER (BEGIN 05/2024) 1.0 0.0 X 0 0 0 LEAH WILCOX BOARD MEMBER 1.0 0.0 X 0 0 0 MARIO WEST BOARD MEMBER (END 02/2024) 1.0 0.0 X 0 0 0 ANNE CORRY EXECUTIVE DIRECTOR 30.0 0.0 X 112203 0 0 NEAL STERN SECRETARY 1.0 0.0 X 0 0 0 NEIL AARON TREASURER 1.0 0.0 X 0 0 0 112203 0 0 1 false false false 0 1000000 1000000 0 0 0 0 0 55896 55896 0 0 0 0 Travel Refund 900099 28754 28754 0 0 0 0 28754 1084650 0 0 84650 49750 49750 1153890 1153890 102192 102192 57772 57772 12222 12222 37912 37912 0 0 0 0 5986 5986 13164 12188 976 932 932 BANK CHARGES 950 950 0 0 0 0 1434770 1388014 46756 0 341922 79407 1001419 1066996 0 0 0 0 17265 21443 0 0 0 0 0 0 1385 7494 1361991 1175340 40646 29295 117175 272148 0 0 0 0 157821 301443 X 1204170 873897 1204170 873897 1361991 1175340 X -350120 19847 X false true X true false X 1000000 1000000 1000000 1000000 1000000 5000000 0 0 1000000 1000000 1000000 1000000 1000000 5000000 2397922 2602078 17460 389 557 29601 55896 103903 0 0 0 0 0 0 0 5103903 0 0.5098 0.5134 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1055896 0 0 1055896 28754 28754 1084650 1386169 -28754 -28754 1414923 19847 19847 1434770 Schedule D, Part XII, Line 4(b) OTHER EXPENSES REDUCTION IN GRANTS PAYABLE AS OF 5/31/24, AS THREE GRANTEES FAILED TO FULFILL REQUIREMENTS NECESSARY TO RECEIVE FUNDING. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements TRAVEL REFUND - 28754 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 TRAVEL REFUND - -28754 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements See Statement - 19847 true NATIONAL BASKETBALL RETIRED PLAYERS ASSOCIATION 444 NORTH MICHIGAN AVE CHICAGO IL 60611 043165255 501 (C) (3) 49750 EARL LLOYD SCHOL. 1 0 CAREER/FINANCIAL SERVICE EXPENSES 40 50748 NEED BASED LIVING EXPENSES 60 1103142 Schedule I, Part III Line 1 ESTIMATED NUMBER OF RECIPIENTS THE TOTAL NUMBER OF RECIPIENTS WHO RECEIVED CAREER AND FINANCIAL SERVICE ASSISTANCE IS ESTIMATED AT 40. THE FUND OFFERS THIRD-PARTY CAREER COUNSELING SERVICES AND PURCHASES FINANCIAL ADVISORY AND BUDGET ASSISTANCE SOFTWARE. REGARDING THE SOFTWARE PURCHASED, 40 LICENSES ARE GRANTED FOR A 12 MONTH PERIOD. THE FUND PROVIDES USER ACCESS TO THE SOFTWARE BASED UPON NEED WHICH MAY NOT EQUATE TO A FULL 40 USERS ON AN ANNUAL BASIS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FORMAL REQUESTS FOR ASSISTANCE ARE REVIEWED AND APPROVED BY VOTE BY THE BOARD OF DIRECTORS AT MONTHLY BOARD MEETINGS WITH AWARDS ONLY ISSUED TO THOSE DEEMED TRULY IN NEED OF ASSISTANCE. IN MONTHS WHERE A BOARD MEETING IS NOT HELD, THE BOARD VOTES VIA E-MAIL. THE EXECUTIVE DIRECTOR DISTRIBUTES A DOCUMENT SUMMARIZING THE GRANTS REQUESTED AND ALL FOUR OF THE BOARD MEMBERS MUST APPROVE VIA E-MAIL FOR THE GRANT TO BE MADE. THE NBA PLAYERS LEGACY FUND INC. FOLLOWS UP WITH GRANT RECIPIENTS TO ENSURE THAT FUNDS ARE SPENT FOR THEIR INTENDED PURPOSE. Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERS OF THE NBA PLAYERS LEGACY FUND INC. ARE THE NATIONAL BASKETBALL ASSOCIATION AND THE NATIONAL BASKETBALL PLAYERS ASSOCIATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body AS MEMBERS OF THE NBA PLAYERS LEGACY FUND INC., THE NATIONAL BASKETBALL ASSOCIATION AND THE NATIONAL BASKETBALL PLAYERS ASSOCIATION HAVE THE AUTHORITY TO ELECT MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE TAX DEPARTMENT OF THE NATIONAL BASKETBALL ASSOCIATION IN CONJUNCTION WITH THE TREASURER OF THE NBA PLAYERS LEGACY FUND. Form 990, Part VI, Line 12c Conflict of interest policy oN AN ANNUAL BASIS, EVERY PERSON WHO CURRENTLY IS A DIRECTOR, OFFICER, MEMBER OF SENIOR MANAGEMENT, OR WHO OTHERWISE HAS THE ABILITY TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE ORGANIZATION, IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY ACTUAL, POTENTIAL OR APPARENT CONFLICTS, AND AFFIRMING THAT THEY HAVE READ, UNDERSTAND, AND HAVE AND WILL CONTINUE TO ADHERE TO THE CONFLICT OF INTEREST POLICY. IF THE BOARD OR ANY COMMITTEE OF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, THE BOARD RESERVES THE RIGHT TO FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES. Form 990, Part VI, Line 15a Process to establish compensation of top management official TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR, THE NATIONAL BASKETBALL ASSOCIATION AND THE NATIONAL BASKETBALL PLAYERS ASSOCIATION CONTACTED A NUMBER OF OTHER SIMILAR ORGANIZATIONS FOR COMPARABLE COMPENSATION DETAILS. THE INFORMATION WAS ANALYZED AND DISCUSSED DURING THE INTERVIEW PROCESS. COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE NBA PLAYERS LEGACY FUND INC. WAS DETERMINED BASED ON FEEDBACK, DATA COLLECTED FROM OTHER ORGANIZATIONS, THE INDIVIDUALS PART-TIME ROLE, AND RELEVANT WORK EXPERIENCE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION PROVIDES COPIES OF ITS FORM 990 UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances REDUCTION IN GRANTS PAYABLE AS OF 5/31/24, AS THREE GRANTEES FAILED TO FULFILL REQUIREMENTS NECESSARY TO RECEIVE FUNDING: - 19847;