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Nonprofit · EIN 87-3945357

AASB ELITE BASKETBALL INC

Tax-exempt · PHOENIX, AZ 85023

Financials

$521K$498K2023
Revenue Expenses · by fiscal year end
Financials of AASB ELITE BASKETBALL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$521,046$497,508$23,538$47,370$12,976$34,394
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$521,046
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$5,400
Accounting fees
$1,952
Travel
$191,295
Program services (functional)
$486,268
Management and general (functional)
$11,240

Balance sheet and other

Total assets, start of year
$20,468
Total assets, end of year
$47,370
Total liabilities, end of year
$12,976
Net assets, end of year
$34,394
Net assets without donor restrictions
$34,394
Gross receipts
$521,046
Employees
0
Volunteers
1
Year formed
2021
State of legal domicile
AZ

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
MELVIN MCDONALDDIRECTOR
Officer
–$0
ROBERTO GUTIERREZSECRETARY
Trustee or director
–$0
ROBERT JUBERTTREASURER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
224 W SANDRA TER, PHOENIX, AZ 85023-7508
Mailing address (990-N for 2021)
224 W SANDRA TERRACE, PHOENIX AZ 85023
Principal officer (990 for 2023)
MELVIN MCDONALD, 224 W SANDRA TERRACE, PHOENIX, AZ 85023
Principal officer (990-N for 2021)
MELVIN MCDONALD, 224 W SANDRA TERRACE, PHOENIX AZ 85023
Signed the 990
MELVIN MCDONALD, DIRECTOR
Phone
(951) 325-3391
Return prepared by
CDL Accounting Services LLC

Mission

Helping intercenter kids through basketball. Assisting familys join AAU teams. AASB scouts and recruits for AAU teams and continues to support them through college recruitment. AASB funds all travel expenses to include airfaire, meals and boardings.

990 for the year ended December 31, 2023

Program accomplishments

  • AASB Elite Basketball provided funding for 35 under privilaged boys and their families. This funding allowed the children to travel and gain the exposure of college recruiters.
    Expenses $486,268 · revenue $521,046

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
87-3945357
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)
$47,370
Income (IRS master file)
$521,046

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$521,046$497,508$47,370XML
990December 2022$365,600$353,233$20,468IRS
990-N for 2021
Officer: MELVIN MCDONALD
December 31, 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 87-3945357).

Questions about AASB ELITE BASKETBALL INC

What is the EIN of AASB ELITE BASKETBALL INC?
The employer identification number (EIN) of AASB ELITE BASKETBALL INC is 87-3945357.
Is AASB ELITE BASKETBALL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to AASB ELITE BASKETBALL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AASB ELITE 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 AASB ELITE BASKETBALL 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 AASB ELITE BASKETBALL INC 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 AASB ELITE BASKETBALL INC?
The 990 for the year ended December 31, 2023 names MELVIN MCDONALD.
Who are the officers and directors of AASB ELITE BASKETBALL INC?
The 990 for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does AASB ELITE BASKETBALL INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $521,046, expenses of $497,508 and total assets of $47,370 at year end.

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