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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 86-2689064

HBSML CHARITABLE FOUNDATION

Also known as TEAM HQ BASKETBALL

Tax-exempt · NORMAN, OK 73069

Financials

$213K$217K2023
Revenue Expenses · by fiscal year end
Financials of HBSML CHARITABLE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$213,364$216,524-$3,160$2,165$0$2,165
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$213,327
Investment income
$37
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$34,305
Salaries, compensation and benefits (total)
$38,937
Professional fundraising fees
$0
Accounting fees
$3,063
Occupancy
$39,845
Travel
$466
Program services (functional)
$52,904
Management and general (functional)
$163,620

Balance sheet and other

Total assets, start of year
$971
Total assets, end of year
$2,165
Total liabilities, end of year
$0
Net assets, end of year
$2,165
Net assets without donor restrictions
$2,165
Gross receipts
$213,364
Employees
0
Year formed
2021
State of legal domicile
OK

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.

NameTitleHours / weekCompensation
JOSHUA GIBBSPRESIDENT
Trustee or director, Officer
30$10,675
ANTIONE NEWSONVICE PRESIDENT
Trustee or director, Officer
20$5,630
REBEKAH COLLINSMANAGER
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
1050 N UNIVERSITY BLVD, NORMAN, OK 73069-7620
In care of
% JOSHUA GIBBS
Principal officer (990 for 2023)
JOSHUA GIBBS, PO BOX 774, NORMAN, OK 73071
Signed the 990
JOSHUA GIBBS, PRESIDENT
Phone
(405) 446-1323
Return prepared by
NMB TAX PAYROLL & ACCTG SVCS LLC

Mission

OUR MISSION IS TO TEACH OUR ATHLETES THE GUIDING PRINCIPLES OF TEAMWORK, DEDICATION, DISCIPLINE, HARD-WORK, EFFORT AND SPORTSMANSHIP.

990 for the year ended December 31, 2023

Program accomplishments

  • TEACH ATHLETES THE GUIDING PRINCIPLES OUTLINED IN THE MISSION STATEMENT. INCLUDINGS ATTENDING SPORTS TOURNAMENTS AND PROVIDING THE PROPER UNIFORMS AND SPORTS GEAR.
    Expenses $216,524 · revenue $213,327

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2689064
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,165
Income (IRS master file)
$213,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$213,364$216,524$2,165XML
990December 2022$251,902$246,577$971IRS

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 86-2689064).

Questions about HBSML CHARITABLE FOUNDATION

What is the EIN of HBSML CHARITABLE FOUNDATION?
The employer identification number (EIN) of HBSML CHARITABLE FOUNDATION is 86-2689064.
Is HBSML CHARITABLE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to HBSML CHARITABLE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HBSML CHARITABLE FOUNDATION 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 HBSML CHARITABLE FOUNDATION 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 HBSML CHARITABLE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of HBSML CHARITABLE FOUNDATION?
The 990 for the year ended December 31, 2023 names JOSHUA GIBBS.
Who are the officers and directors of HBSML CHARITABLE FOUNDATION?
The 990 for the year ended December 31, 2023 lists 3 people; 2 received compensation from the organization, the highest $10,675 (JOSHUA GIBBS, PRESIDENT).
How much revenue does HBSML CHARITABLE FOUNDATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $213,364, expenses of $216,524 and total assets of $2,165 at year end.

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