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Nonprofit · EIN 36-3569981

DOWNTOWN BOXING CLUB INC

Tax-exempt · OMAHA, NE 68157

Financials

$17K$17K2023$21K$19K2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN BOXING CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$21,325$19,162$2,163$49,248$0$49,248
December 31, 2023990$16,960$16,731$229$47,085$0$47,085
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$690
Program service revenue
$0
Investment income
$37
Net income from gaming
$20,598
Other revenue
$20,598

Expenses

Grants and similar amounts paid
$100
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,800
Occupancy
$2,100
Program services (functional)
$10,648
Management and general (functional)
$8,514

Balance sheet and other

Total assets, start of year
$47,085
Total assets, end of year
$49,248
Total liabilities, end of year
$0
Net assets, end of year
$49,248
Net assets without donor restrictions
$49,248
Gross unrelated business income
$37
Gross receipts
$225,311
Employees
0
Year formed
1995
State of legal domicile
NE

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
RAY BASILITREAS
Trustee or director, Officer, Key employee
20$0
JASON GLATGAKOSCOACH
Trustee or director, Key employee
5$0
JOHN GLATGAKOSVP
Trustee or director, Officer, Key employee
30$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
RAY BASILITREAS
Trustee or director, Officer, Key employee
20$0
JASON GLATGAKOSCOACH
Trustee or director, Key employee
5$0
JOHN GLATGAKOSVP
Trustee or director, Officer, Key employee
30$0

Address and contacts

Address (IRS master file)
4959 DUMFRIES CIR, OMAHA, NE 68157-2414
Principal officer (990 for 2024)
RAY BASILI, 4959 DUMFRIES CIR, OMAHA, NE 68157
Signed the 990
RAY BASILI, CHAIRMAN
Phone
(402) 612-9283
Return prepared by
DONALD P BUSH CPA PC

Mission

TO ENCOURAGE TROUBLED YOUTH WITHIN THE COMMUNITY AND TEACH THEM SPORTSMANSHIP, COMPETITION AND FAIR PLAY.

990 for the year ended December 31, 2024

Program accomplishments

  • FACILITIES AND COACHES PROVIDED AND BOXING SKILLS TAUGHT TO UNDERPRIVILEGED YOUTH. THIS ACTIVITY DISCOURAGES GANG AND DRUG RELATED ACTIVITIES. THIS ALSO ENCOURAGES SENSES OF FAIR PLAY, COMPETITION, SPORTSMANSHIP AND SELF-ESTEEM
    Expenses $10,648

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3569981
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$49,248
Income (IRS master file)
$225,311

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$21,325$19,162$49,248IRS
990-TDecember 2024–––IRS
990December 2023$16,960$16,731$47,085XML
990-TDecember 2023–––IRS
990December 2022$10,289$11,927$46,856IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

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 36-3569981).

Questions about DOWNTOWN BOXING CLUB INC

What is the EIN of DOWNTOWN BOXING CLUB INC?
The employer identification number (EIN) of DOWNTOWN BOXING CLUB INC is 36-3569981.
Is DOWNTOWN BOXING CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to DOWNTOWN BOXING CLUB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN BOXING CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN BOXING CLUB INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN BOXING CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DOWNTOWN BOXING CLUB INC?
The 990 for the year ended December 31, 2024 names RAY BASILI.
Who are the officers and directors of DOWNTOWN BOXING CLUB INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN BOXING CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $21,325, expenses of $19,162 and total assets of $49,248 at year end.

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