Nonprofit · EIN 87-0887440
COBL
Tax-exempt · PENN VALLEY, PA 19072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $217,677 | $220,228 | -$2,551 | $41,920 | $17,643 | $24,277 |
| June 30, 2024 | 990 | $248,901 | $251,039 | -$2,138 | $43,084 | $19,714 | $23,370 |
| June 30, 2023 | 990-EZ | $130,127 | $106,179 | $23,948 | $40,440 | $18,332 | $22,108 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $68,334
- Program service revenue
- $144,301
- Investment income
- $0
- Net income from sales of inventory
- $5,042
- Other revenue
- $5,042
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $52,200
- Salaries, compensation and benefits (total)
- $56,974
- Professional fundraising fees
- $0
- Legal fees
- $100
- Accounting fees
- $1,585
- Travel
- $1,305
- Program services (functional)
- $209,741
- Management and general (functional)
- $10,487
Balance sheet and other
- Total assets, start of year
- $43,084
- Total assets, end of year
- $41,920
- Total liabilities, end of year
- $17,643
- Net assets, end of year
- $24,277
- Net assets without donor restrictions
- $24,277
- Gross receipts
- $223,705
- Employees
- 2
- Volunteers
- 15
- Year formed
- 2021
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH VERLIN | PRESIDENT, E Trustee or director | 40 | $48,200 |
| OWEN MCCUE | FORMER ASST Former | 40 | $13,350 |
| ANDY EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| LINDA GENTHER | DIRECTOR Trustee or director | 1 | $0 |
| RYAN HICKE | DIRECTOR Trustee or director | 1 | $0 |
| DICK JERARDI | SECRETARY/DI Trustee or director | 1 | $0 |
| MIKE MCCLOSKY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES MONROE | DIRECTOR Trustee or director | 1 | $0 |
| JASON RITTER | DIRECTOR Trustee or director | 1 | $0 |
| RACHELLE VERLIN | TREASURER/DI Trustee or director | 3 | $0 |
| ERIC WORLEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH VERLIN | PRESIDENT, E Trustee or director | 40 | $40,950 |
| OWEN MCCUE | ASSISTANT ED Former | 40 | $30,750 |
| ANDY EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| LINDA GENTHER | DIRECTOR Trustee or director | 1 | $0 |
| RYAN HICKE | DIRECTOR Trustee or director | 1 | $0 |
| DICK JERARDI | SECRETARY/DI Trustee or director | 1 | $0 |
| MIKE MCCLOSKY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES MONROE | DIRECTOR Trustee or director | 1 | $0 |
| JASON RITTER | DIRECTOR Trustee or director | 1 | $0 |
| RACHELLE VERLIN | TREASURER/DI Trustee or director | 3 | $0 |
| ERIC WORLEY | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Owen McCue | Assistant Editor | 40 | $32,100 |
| Josh Verlin | Editor In Chief | 50 | $30,150 |
| Rachelle Verlin | Treasurer | 5 | $0 |
| Dick Jerardi | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 614 FAIRVIEW RD, PENN VALLEY, PA 19072-1416
- Mailing address (990-N for 2020)
- 614 Fairview Road, Penn Valley PA 19072
- Principal officer (990 for 2024)
- JOSH VERLIN, 1753 SUE ELLEN DRIVE, HAVERTOWN, PA 19083
- Principal officer (990-N for 2020)
- Josh Verlin, 1753 Sue Ellen Drive, Havertown PA 19083
- Signed the 990
- RACHELLE VERLIN, TREASURER/DIRECTOR
- Phone
- (610) 937-1013
- Website
- cityofbasketballlove.com
- Return prepared by
- BRINKER SIMPSON & COMPANY LLC
Mission
OPERATE THE WEBSITE WWW.CITYOFBASKETBALLLOVE.COM WHICH PROVIDES FREE OF CHARGE CONTENT REPORTING ON HIGH SCHOOL AND COLLEGE BASKETBALL. COBL ALSO RUNS BASKETBALL EVENTS FOR HIGH SCHOOL STUDENTS AS WELL AS OFFER INTERNSHIPS AND MENTORING TO HIGH SCHOOL AND COLLEGE STUDENTS INTERESTED IN JOURNALISM.
Program accomplishments
- COBL SUCCESSFULLY RAN 9 HIGH SCHOOL CAMPS AND EVENTS IN THE FISCAL YEAR ENDED 6/30/2025. THESE EVENTS HELPED TO SHOWCASE HIGH SCHOOL PLAYERS TO COLLEGE COACHES FOR RECRUITING PURPOSES AS WELL AS PROVIDE AN OPPORTUNITY FOR HIGH SCHOOL TEAMS TO COMPETE WITH TEAMS OUTSIDE OF THEIR CONFERENCES.Expenses $159,622 · revenue $125,467
- COBL SUCCESSFULLY RAN IT'S WEBSITE, PUBLISHING OVER 1,000 ARTICLES FREE OF CHARGE TO ALL READERS.Expenses $50,119 · revenue $18,834
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0887440
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99)
- Assets (IRS master file)
- $41,920
- Income (IRS master file)
- $223,705
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $217,677 | $220,228 | $41,920 | XML |
| 990 | June 2024 | $248,901 | $251,039 | $43,084 | IRS |
| 990-EZ | June 2023 | $130,127 | $106,179 | $40,440 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Josh Verlin | June 30, 2021 | ≤ $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 87-0887440).
Questions about COBL
- What is the EIN of COBL?
- The employer identification number (EIN) of COBL is 87-0887440.
- Is COBL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to COBL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COBL 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 COBL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COBL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COBL?
- The 990 for the year ended June 30, 2025 names JOSH VERLIN.
- Who are the officers and directors of COBL?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $48,200 (JOSH VERLIN, PRESIDENT, E).
- How much revenue does COBL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $217,677, expenses of $220,228 and total assets of $41,920 at year end.
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All nonprofits in PENN VALLEY · Pennsylvania · Recreation and sports