Nonprofit · EIN 87-2060064
PRECISION BASKETBALL
Tax-exempt · LOS ANGELES, CA 90042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $84,208 | $79,208 | $5,000 | $190,000 | $0 | $190,000 |
| December 31, 2024 | 990 | $252,017 | $264,978 | -$12,961 | $185,000 | $0 | $185,000 |
| December 31, 2023 | 990 (amended) | $282,622 | $207,859 | $74,763 | $197,961 | $0 | $197,961 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $84,208
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,708
- Salaries, compensation and benefits (total)
- $66,708
- Professional fundraising fees
- $0
- Program services (functional)
- $79,208
Balance sheet and other
- Total assets, start of year
- $185,000
- Total assets, end of year
- $190,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $190,000
- Gross receipts
- $84,208
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- CA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANILO RIOS | CHIEF EXECUTIVE OFFICER Officer | 30 | $0 |
| MANUEL RIOS Jr | CHIEF FINANCIAL OFFICER Officer | 20 | $0 |
| MANUEL RIOS | SECRETARY Officer | 20 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANILO RIOS | CHIEF EXECUTIVE OFFICER Officer | 30 | $0 |
| MANUEL RIOS Jr | CHIEF FINANCIAL OFFICER Officer | 20 | $0 |
| MANUEL RIOS | SECRETARY Officer | 20 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANILO RIOS | CHIEF EXECUTIVE OFFICER Officer | 30 | $65,000 |
| MANUEL RIOS JR | CHIEF FINANCIAL OFFICER Officer | 20 | $10,400 |
| MANUEL RIOS | SECRETARY Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 N AVENUE 56, LOS ANGELES, CA 90042-1832
- In care of
- % DANILO RIOS
- Signed the 990
- DANILO RIOS PRESIDENT, EXECUTIVE DIRECTOR
- Phone
- (323) 376-9225
- Return prepared by
- MVALLE TAX SERVICE
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2060064 or by the name PRECISION BASKETBALL.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SPORTS, BEHAVIOR AND MENTAL HEALTH DEVELOPMENT AND HEALTH EDUCATION
Program accomplishments
- KOROLEV ACADEMYExpenses $79,208
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2060064
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $190,000
- Income (IRS master file)
- $84,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $84,208 | $79,208 | $190,000 | XML |
| 990 | December 2024 | $252,017 | $264,978 | $185,000 | XML |
| 990 | December 2023 | $282,622 | $207,859 | $197,961 | XML |
| 990 | December 2022 | $240,069 | $163,060 | $0 | 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 87-2060064).
Questions about PRECISION BASKETBALL
- What is the EIN of PRECISION BASKETBALL?
- The employer identification number (EIN) of PRECISION BASKETBALL is 87-2060064.
- Is PRECISION BASKETBALL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PRECISION BASKETBALL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRECISION BASKETBALL 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 PRECISION BASKETBALL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRECISION BASKETBALL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of PRECISION BASKETBALL?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PRECISION BASKETBALL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $84,208, expenses of $79,208 and total assets of $190,000 at year end.
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All nonprofits in LOS ANGELES · California · Recreation and sports