Nonprofit · EIN 30-1032352
KENTUCKY COBRAS INC
Tax-exempt · FLORENCE, KY 41042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $587,272 | $599,607 | -$12,335 | $36,715 | $25,046 | $11,669 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $583,926
- Investment income
- $0
- Other revenue
- $3,346
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $42,925
- Salaries, compensation and benefits (total)
- $42,925
- Professional fundraising fees
- $0
- Accounting fees
- $5,495
- Travel
- $5,355
- Program services (functional)
- $536,848
- Management and general (functional)
- $52,028
- Fundraising (functional)
- $10,731
Balance sheet and other
- Total assets, start of year
- $34,467
- Total assets, end of year
- $36,715
- Total liabilities, end of year
- $25,046
- Net assets, end of year
- $11,669
- Net assets without donor restrictions
- $11,669
- Gross receipts
- $587,272
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TY SIMPSON | PRESIDENT Trustee or director, Officer | 40 | $42,925 |
| CHRIS CLEMONS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHUCK KINNEY | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1680 TRACE DR, FLORENCE, KY 41042-8617
- Mailing address (990-N for 2025)
- 1680 TRACE DRIVE, FLORENCE KY 41015
- Principal officer (990 for 2023)
- TY SIMPSON, 1680 TRACE DRIVE, FLORENCE, KY 41042
- Principal officer (990-N for 2025)
- TY SIMPSON, 1680 TRACE DRIVE, FLORENCE KY 41042
- Signed the 990
- TY SIMPSON, PRESIDENT
- Phone
- (859) 261-6800
- Return prepared by
- KEITH & ASSOCIATES PLLC
Mission
THE ORGANIZATION RAISES FUNDS TO SUPPORT COMMUNITY IMPACT PROGRAMS THAT FURTHER ITS MISSION TO EDUCATE, INSPIRE AND ENCOURAGE CHILDREN AND YOUNG ADULTS THROUGHOUT THE COMMONWEALTH OF KENTUCKY PRIMARILY THROUGH TRAINING AND TEAM COMPETITION IN THE SPORT OF BASKETBALL.
Program accomplishments
- HUSTLE BASKETBALL FEATURES PROGRAMS OF ALL LEVELS FROM DEVELOPMENTAL LEAGUES, TO INDIVIDUAL TRAININGS, TO AAU. THE HUSTLE BASKETBALL EXPERIENCE INCLUDES A STAFF OF PROFESSIONAL TRAINERS AND COACHES WHO ARE PASSIONATE ABOUT SEEING KIDS GROW AS PLAYERS AND PEOPLE. THE FOUNDATION PROVIDES A FUN, SAFE, AND MEMORABLE EXPERIENCE FOR ALL PARTIES INVOLVED. THE FOUNDATION BRINGS HIGH QUALITY PLAYERS AND TEAMS TOGETHER TO PLAY BASKETBALL, OFFERING AN ATMOSPHERE UNLIKE ANYTHING IN NKY. THE FOUNDATION IMPACT OVER 1,000 FAMILIES IN THE NKY AND CINCINNATI AREA EVERY YEAR.Expenses $536,848 · revenue $583,927
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-1032352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N62)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: TY SIMPSON | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: TY SIMPSON | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $587,272 | $599,607 | $36,715 | XML |
| 990 | December 2022 | $473,923 | $462,847 | $34,467 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: TY SIMPSON | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: TY SIMPSON | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-1032352).
Questions about KENTUCKY COBRAS INC
- What is the EIN of KENTUCKY COBRAS INC?
- The employer identification number (EIN) of KENTUCKY COBRAS INC is 30-1032352.
- Is KENTUCKY COBRAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to KENTUCKY COBRAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY COBRAS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KENTUCKY COBRAS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY COBRAS INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of KENTUCKY COBRAS INC?
- The 990 for the year ended December 31, 2023 names TY SIMPSON.
- Who are the officers and directors of KENTUCKY COBRAS INC?
- The 990 for the year ended December 31, 2023 lists 3 people; 1 received compensation from the organization, the highest $42,925 (TY SIMPSON, PRESIDENT).
- How much revenue does KENTUCKY COBRAS INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $587,272, expenses of $599,607 and total assets of $36,715 at year end.
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