Nonprofit · EIN 65-0243879
CLASSIC BASKETBALL INC
Tax-exempt · FORT MYERS, FL 33907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $534,491 | $581,679 | -$47,188 | $302,824 | $0 | $302,824 |
| March 31, 2024 | 990 | $652,951 | $508,552 | $144,399 | $350,012 | $0 | $350,012 |
| March 31, 2023 | 990 | $523,163 | $506,983 | $16,180 | $205,613 | $0 | $205,613 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $22,000
- of which government grants
- $22,000
- Program service revenue
- $502,680
- Investment income
- $9,811
- Net gain from sales of assets
- $1,207
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,091
- Other salaries and wages
- $6,431
- Salaries, compensation and benefits (total)
- $61,908
- Professional fundraising fees
- $0
- Occupancy
- $66,100
- Travel
- $14,472
- Program services (functional)
- $415,168
- Management and general (functional)
- $166,511
Balance sheet and other
- Total assets, start of year
- $350,012
- Total assets, end of year
- $302,824
- Total liabilities, end of year
- $0
- Net assets, end of year
- $302,824
- Publicly traded securities
- $211,576
- Gross unrelated business income
- $9,811
- Gross receipts
- $547,590
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- FL
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY SCHAACK | EXECUTIVE DIRECTOR Officer | 40 | $92,063 |
| DONALD E WILKIE JR | VICE PRESIDENT Trustee or director | 40 | $50,091 |
| RAY C MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| FRED ATKINS | DIRECTOR Trustee or director | 1 | $0 |
| TREVOR WHITLEY | SECRETARY Trustee or director | 1 | $0 |
| BRAD SHIPLEY | TREASURER Trustee or director | 1 | $0 |
| JUSTIN MAZZARA | DIRECTOR Trustee or director | 1 | $0 |
| PETE DORAGH | DIRECTOR Trustee or director | 1 | $0 |
| BRENNAN WHITLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN POLLOCK | PRESIDENT Trustee or director | 1 | $0 |
| JENNIFER BASEY | DIRECTOR Trustee or director | 1 | $0 |
| MERRY COFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOE NORTH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD E WILKIE JR | VICE PRESIDENT Trustee or director | 40 | $0 |
| RAY C MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| FRED ATKINS | DIRECTOR Trustee or director | 1 | $0 |
| TREVOR WHITLEY | SECRETARY Trustee or director | 1 | $0 |
| BRAD SHIPLEY | TREASURER Trustee or director | 1 | $0 |
| JUSTIN MAZZARA | DIRECTOR Trustee or director | 1 | $0 |
| PETE DORAGH | DIRECTOR Trustee or director | 1 | $0 |
| BRENNAN WHITLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN POLLOCK | PRESIDENT Trustee or director | 1 | $0 |
| JENNIFER BASEY | DIRECTOR Trustee or director | 1 | $0 |
| MERRY COFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOE NORTH | DIRECTOR Trustee or director | 1 | $0 |
| MARY SCHAACK | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended March 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD E WILKIE JR | VICE PRESIDENT Trustee or director | 40 | $39,000 |
| JOHN B NAYLOR | EXECUTIVE DIRECTOR Officer | 40 | $30,300 |
| MARY SCHAACK | EXECUTIVE DIRECTOR Officer | 40 | $17,500 |
| RAY C MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| FRED ATKINS | DIRECTOR Trustee or director | 1 | $0 |
| TREVOR WHITLEY | SECRETARY Trustee or director | 1 | $0 |
| BRAD SHIPLEY | TREASURER Trustee or director | 1 | $0 |
| JUSTIN MAZZARA | DIRECTOR Trustee or director | 1 | $0 |
| PETE DORAGH | DIRECTOR Trustee or director | 1 | $0 |
| BRENNAN WHITLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN POLLOCK | PRESIDENT Trustee or director | 1 | $0 |
| JENNIFER BASEY | DIRECTOR Trustee or director | 1 | $0 |
| MERRY COFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOE NORTH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5249 SUMMERLIN COMMONS BLVD STE 100, FORT MYERS, FL 33907-2165
- In care of
- % STEVEN R WHITLEY
- Principal officer (990 for 2024)
- BRAD A SHIPLEY, 5249 SUMMERLIN COMMONS BLVD STE 100, FORT MYERS, FL 33907
- Signed the 990
- BRAD A SHIPLEY, TREASURER
- Phone
- (239) 671-9347
- Website
- WWW.CITYOFPALMSCLASSIC.COM
- Return prepared by
- WILTSHIRE WHITLEY RICHARDSON ENGLISH PA
Mission
ORGANIZE, OPERATE AND PROMOTE THE CITY OF PALMS CLASSIC BOY'S HIGH SCHOOL BASKETBALL TOURNAMENT
Program accomplishments
- ORGANIZE, OPERATE AND PROMOTE THE CITY OF PALMS CLASSIC BOY'S HIGH SCHOOL BASKETBALL TOURNAMENT.Expenses $415,168 · revenue $502,680
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0243879
- 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
- 1991
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62Z)
- Assets (IRS master file)
- $302,824
- Income (IRS master file)
- $547,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $534,491 | $581,679 | $302,824 | XML |
| 990 | March 2024 | $652,951 | $508,552 | $350,012 | IRS |
| 990 | March 2023 | $523,163 | $506,983 | $205,613 | XML |
| 990 | March 2022 | $433,611 | $458,218 | $189,433 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 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 65-0243879).
Questions about CLASSIC BASKETBALL INC
- What is the EIN of CLASSIC BASKETBALL INC?
- The employer identification number (EIN) of CLASSIC BASKETBALL INC is 65-0243879.
- Is CLASSIC BASKETBALL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to CLASSIC BASKETBALL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLASSIC BASKETBALL 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 CLASSIC BASKETBALL INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLASSIC BASKETBALL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of CLASSIC BASKETBALL INC?
- The 990 for the year ended March 31, 2025 names BRAD A SHIPLEY.
- Who are the officers and directors of CLASSIC BASKETBALL INC?
- The 990 for the year ended March 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $92,063 (MARY SCHAACK, EXECUTIVE DIRECTOR).
- How much revenue does CLASSIC BASKETBALL INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $534,491, expenses of $581,679 and total assets of $302,824 at year end.
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All nonprofits in FORT MYERS · Florida · Recreation and sports