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Nonprofit · EIN 83-2510865

FIBA AMERICAS INC

Tax-exempt (reinstated) · MIAMI, FL 33133

Financials

$7.2M$7.1M2022$7.5M$7.4M2023$7.3M$7.3M2024
Revenue Expenses · by fiscal year end
Financials of FIBA AMERICAS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,332,042$7,271,612$60,430$1,920,309$1,711,682$208,627
December 31, 2023990$7,495,784$7,376,087$119,697$2,409,395$2,261,197$148,198
December 31, 2022990$7,161,271$7,143,184$18,087$1,614,710$1,586,209$28,501
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,688,795
Program service revenue
$1,643,247
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,761,367
Salaries, compensation and benefits (total)
$2,174,100
Professional fundraising fees
$0
Occupancy
$357,694
Travel
$1,580,716
Depreciation
$55,086
Program services (functional)
$4,122,551
Management and general (functional)
$3,149,061

Balance sheet and other

Total assets, start of year
$2,409,394
Total assets, end of year
$1,920,309
Total liabilities, end of year
$1,711,682
Net assets, end of year
$208,627
Land, buildings and equipment
$192,772
Net assets without donor restrictions
$208,627
Gross receipts
$7,332,042
Employees
19
Volunteers
0
Year formed
2018
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Carlos AlvesExecutive Director
Officer, Key employee, Highest-paid employee
40$275,600
Alvaro Dal BoHead of Finance
Key employee
40$144,270
Edgard Marin JrHead of Competitions
Key employee
40$144,083
Gino RulloCompetitions Senior Manager
Key employee
40$123,855
Rafaela RiveraSenior Manager, Events & Operations
Key employee
40$114,781
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
Carlos AlvesExecutive Director
Officer
40$304,281$32,194
Alvaro Dal BoHead of Finance
Key employee
40$136,710$42,771
Edgard Marin JrHead of Competitions
Key employee
40$156,093$21,616
Gino RulloCompetitions Senior Manager
Highest-paid employee
40$134,184$9,876
Rafaela RiveraSenior Manager, Events & Operations
Highest-paid employee
40$124,259$14,544
990 for the year ended December 31, 2022: 4 people
NameTitleHours / weekCompensationOther / benefits
Carlos AlvesExecutive Director
Officer, Highest-paid employee
40$211,357$51,834
Edgard Marin JrHead of Competitions
Key employee
40$122,148$5,750
Alvaro Dal BoHead of Finance
Key employee
40$121,707$4,600
Gino RulloCompetitions Senior Manager
Key employee
40$104,650$4,550

Address and contacts

Address (IRS master file)
3480 MAIN HWY STE 300, MIAMI, FL 33133-5937
Principal officer (990 for 2024)
Carlos Alves, 3480 Main Hwy, suite 300, Miami, FL 33133
Signed the 990
Carlos Alves, Executive Director
Phone
(786) 719-4312

Mission

To foster international competitions in the sport of basketball in the Americas continent

990 for the year ended December 31, 2024

Program accomplishments

  • Foster international basketball competitions in the continent of Americas
    Expenses $4,122,551 · grants $2,479,304 · revenue $1,643,247

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
83-2510865
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,920,309
Income (IRS master file)
$7,332,042

Revocation and reinstatement

Exemption revoked
May 15, 2021
Posted by the IRS
August 9, 2021
Reinstated
Effective May 15, 2021

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,332,042$7,271,612$1,920,309IRS
990December 2023$7,495,784$7,376,087$2,409,395XML
990December 2022$7,161,271$7,143,184$1,614,710XML
990December 2021$5,665,564$5,656,928$803,062IRS
990December 2020$4,795,002$4,793,225$495,695IRS

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 83-2510865).

Questions about FIBA AMERICAS INC

What is the EIN of FIBA AMERICAS INC?
The employer identification number (EIN) of FIBA AMERICAS INC is 83-2510865.
Is FIBA AMERICAS INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
Are donations to FIBA AMERICAS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FIBA AMERICAS 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 FIBA AMERICAS 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 FIBA AMERICAS 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 FIBA AMERICAS INC?
The 990 for the year ended December 31, 2024 names Carlos Alves.
Who are the officers and directors of FIBA AMERICAS INC?
The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $275,600 (Carlos Alves, Executive Director).
How much revenue does FIBA AMERICAS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,332,042, expenses of $7,271,612 and total assets of $1,920,309 at year end.

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