2025-11-17T11:26:39-06:00 2023-12-31 621736974 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 371309409 990 2023-01-01 432088629 FIRST SHOT BASKETBALL FOUNDATION FIRS 6156315312 1784 W NORTHFIELD BLVD STE 216 MURFREESBORO TN 37129 ANDY HERZER EXECUTIVE DIRECTOR 6156315312 2025-11-17 1 1 KRIS PARKHURST CPA P00359765 6158936666 2025-11-17 X 2023 2025-03-06 01:10:19Z ANDY HERZER 1784 W NORTHFIELD BLVD 216 MURFREESBORO TN 37129 401925 0 X WWW.FIRSTSHOTTN.ORG X 2003 TN TO PROVIDE AN OPPORTUNITY FOR ALL CHILDREN TO EXCEL IN A SAFE ENVIRONMENT BY EMPHASIZING LEARNING AND CHARACTER DEVELOPMENT IN ALL ASPECTS OF LIFE THROUGH VARIOUS SPORTS CLINICS AND TEACHING OPPORTUNITIES. 3 3 1 45 0 0 214405 213851 63979 86649 0 0 17038 35595 295422 336095 0 330 0 0 71418 80687 0 0 19783 221375 311065 292793 392082 2629 -55987 151263 24587 3014 18580 148249 6007 TO PROVIDE AN OPPORTUNITY FOR ALL CHILDREN TO EXCEL IN A SAFE ENVIRONMENT BY EMPHASIZING LEARNING AND CHARACTER DEVELOPMENT IN ALL ASPECTS OF LIFE THROUGH VARIOUS SPORTS CLINICS AND TEACHING OPPORTUNITIES. 0 0 266466 330 86649 TO PROVIDE AN OPPORTUNITY FOR ALL CHILDREN TO EXCEL IN A SAFE ENVIRONMENT BY EMPHASIZING LEARNING AND CHARACTER DEVELOPMENT IN ALL ASPECTS OF LIFE THROUGH VARIOUS SPORTS CLINICS AND TEACHING OPPORTUNITIES. 266466 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 TN X ANDY HERZER 6156315312 1784 W NORTHFIELD BLVD 216 MURFREESBORO TN 37129 ANDY HERZER EXECUTIVE DIRECTOR, CFO, TREASURER 40.00 X X 62000 0 0 DENNIS PHILLIPS PRESIDENT, SECRETARY 0.00 X X 0 0 0 SCOTT BOLES DIRECTOR 0.00 X 0 0 0 62000 0 0 0 0 0 0 0 166329 47522 213851 PROGRAM INCOME 713940 86649 86649 86649 101425 166329 65830 35595 35595 336095 86649 0 35595 X 330 330 62000 43400 12400 6200 13944 9761 2789 1394 4743 3320 949 474 104379 100879 3500 13429 12086 1343 17746 14197 3549 42118 33694 8424 11170 11170 1989 1989 862 690 172 4251 3401 850 THEFT LOSS 65331 65331 PARTICIPANT WEARABLES 20312 20312 DONOR RELATIONS 10372 10372 SUPPLIES 7041 7041 12065 6185 5880 392082 266466 105833 19783 151263 21140 4309 862 0 3447 151263 24587 3014 18580 3014 18580 X 0 0 0 0 148249 6007 148249 6007 151263 24587 X -55987 -86255 0 X 0 0 0 X 122403 135656 202406 214405 116892 791762 118624 101986 128094 146617 285033 780354 241027 237642 330500 361022 401925 1572116 0 81000 81000 81000 81000 1491116 241027 237642 330500 361022 401925 1572116 0.94850 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4309 862 3447 3447 CREDIT CARD PAYABLE 18580 18580 GOLF TOURNAMENT 56565 35138 21427 1690 1350 SNEAKER BALL 163949 101845 62104 18117 34361 1 47240 29345 17895 1604 8708 267754 166328 101426 21411 8708 35711 65830 35596 FORM 990, PART VI, SECTION A, LINE 5 FOR THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION DISCOVERED A SIGNIFICANT DIVERSION OF ASSETS TOTALING $65,331. THE DIVERSION WAS IDENTIFIED ON MAY 13, 2025, AND WAS REPORTED TO LOCAL LAW ENFORCEMENT ON THE SAME DAY. THE MATTER IS CURRENTLY THE SUBJECT OF AN ACTIVE CRIMINAL INVESTIGATION, AND IT IS EXPECTED TO BE PRESENTED TO THE GRAND JURY IN JANUARY 2026. THE ORGANIZATION IS COOPERATING FULLY WITH AUTHORITIES AND HAS IMPLEMENTED ADDITIONAL INTERNAL CONTROLS TO PREVENT FUTURE OCCURRENCES. NO IDENTIFYING INFORMATION REGARDING THE INDIVIDUAL INVOLVED IS INCLUDED IN THIS DISCLOSURE, IN ACCORDANCE WITH IRS INSTRUCTIONS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT PROVIDED TO BOARD BEFORE FILING FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G COUNSELORS, TEACHERS, TUTORING: PROGRAM SERVICE EXPENSES 100,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,879. ADMIN DIRECTOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,500. FORM 990 PAGE 12 PART XI LINE 8 PRIOR PERIOD ADJUSTMENTS THE ORGANIZATION IDENTIFIED ERRORS IN THE PRIOR YEAR BALANCE SHEET RELATED TO UNRECONCILED BANK STATEMENTS AND VOIDED CHECKS. TO CORRECT THIS, THE ORGANIZATION RECORDED A PRIOR PERIOD ADJUSTMENT OF $86,255 TO BEGINNING NET ASSETS AS OF JANUARY 1, 2023. THIS ADJUSTMENT IS REFLECTED IN PART XI, LINE 8. THE ORGANIZATION'S FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2023, WAS NOT FILED BY THE DUE DATE BECAUSE THE ADMIN DIRECTOR PREVIOUSLY RESPONSIBLE FOR TAX COMPLIANCE MISAPPROPRIATED FUNDS AND FAILED TO FULFILL THEIR FILING DUTIES. THIS MISCONDUCT WAS NOT KNOWN TO THE BOARD UNTIL IT CAME TO LIGHT ON MAY 13, 2025. UPON DISCOVERY, THE BOARD ACTED PROMPTLY BY TERMINATING THE ADMIN DIRECTOR, NOTIFYING LOCAL LAW ENFORCEMENT, ENGAGING A NEW CPA FIRM, AND IMPLEMENTING ADDITIONAL INTERNAL CONTROLS TO PREVENT RECURRENCE AND ENSURE TIMELY FUTURE FILINGS. THE ORGANIZATION HAS A HISTORY OF TIMELY COMPLIANCE AND TOOK IMMEDIATE CORRECTIVE ACTION AS SOON AS THE ISSUE WAS IDENTIFIED. THE LATE FILING WAS NOT DUE TO WILLFUL NEGLECT BUT RESULTED FROM CIRCUMSTANCES BEYOND THE ORGANIZATION'S CONTROL. THE ORGANIZATION RESPECTFULLY REQUESTS ABATEMENT OF THE LATE FILING PENALTY BASED ON REASONABLE CAUSE.