Team Steady Buckets FY2023 filing

Tax-deductible

New York, NY501(c)(3)EIN 27-4804998Revenue $658K in FY2023

On file with the IRSsteadybuckets.org27 Union Sq W Ste 307, 10003-3305 · New York, NYTax-exempt since Nov 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The organization provides children ages 4 to 18, residing in and around new york city, a year-round basketball training program free of charge and a low fee summer day camp basketball program. Organization staff incorporate innovative and comprehensive activities to develop basketball skills, physical fitness and life skills to achieve a meaningful impact in the personal development of these children.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$205K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $139K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $800
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$658K
-9% vs prior year
Spent
$568K
To programs
95%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$658K
FY2023▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$386K
FY2021$535K
FY2022$722K
FY2023$658K
FY2024$873K
Expenses
$568K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$297K
FY2021$458K
FY2022$531K
FY2023$568K
FY2024$623K
Net assets
$1.3M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$909K
FY2021$1000K
FY2022$1.1M
FY2023$1.3M
FY2024$1.6M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-01-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $539K Management & general 4% · $26K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation
Program Director
$205,032Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Louis Bergman-Clark$137,532$205,032$175,032$236,144$99,355

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers free year-round basketball training and low-fee summer camp for NYC youth, developing skills and life lessons.

Provided by the organization

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2 programs · $539K · in their own filed words · FY2023
01

Steady Buckets free basketball clinic is an innovative basketball, physical fitness and life skills development program for boys and girls ages 4-18 in the greater New York city area. The program's objective is to develop hard working, resilient, empathetic and confident individuals who will make a positive contribution to their…

$496Kprogram expense
02

Summer and holiday basketball camps are a low cost day camp program offering the benefits of the free clinic program on a full day basis when public schools are not in session.

$43Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$800

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$658K
Ln 12
Gifts and grantsLn 1h$341K
Fees for servicesLn 2g$311K
Investment incomeLn 3$6K
Money outPt IX
$568K
Ln 25
Programscol B$539K
Managementcol C$26K
Fundraisingcol D$4K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$739K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$341K
Noncash giftsLn 1g$46K
Fees for servicesLn 2g$311K
Investment incomeLn 3$6K
Other incomeLn 4–11$204
Total revenueLn 12$658K
Assets in detailPt X, end of year
CashLn 1$518K
SavingsLn 2$221K
Cash and savings togetherLn 1–2$739K
InvestmentsLn 11–13$553K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 534
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$683K$739K
InvestmentsLn 11–13$445K$553K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$261$0
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$226K$226K
Other salaries and wagesLn 7$130K$130K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$33K$33K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$4K$4K
Information technologyLn 14$11K$4K$4K$4K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$141K$137K$3K
All other expensesLn 24e$3K$3K$229
Total functional expensesLn 25$568K$539K$26K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $873K$623K$250K$1.6M 990 PDF
FY2023 Viewing $658K$568K$90K$1.3M 990 PDF
FY2022 $722K$531K$191K$1.1M 990 PDF
FY2021 $535K$458K$77K$1000K 990 PDF
FY2020 $386K$297K$90K$909K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $657,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $506,077$340,539
I-9 Program service revenuePrior year $248,205$310,744
I-10 Investment incomePrior year $14,896$6,330
I-11 Other revenuePrior year −$47,208$204
I-12 Total revenuePrior year $721,970$657,817
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $340,837$390,143
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $190,399$177,713
I-18 Total expensesPrior year $531,236$567,856
I-19 Revenue less expensesPrior year $190,734$89,961
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $657,817 across 7 lines filed
VIII-1f All other contributions, gifts and grants$340,539
VIII-1g Noncash contributions (included above)$45,815
VIII-1h Total contributions, gifts and grants$340,539
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,744$310,744
VIII-3 Investment incomeExcluded from tax $6,330$6,330
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $204$204
VIII-12 Total revenueRelated to mission $310,744 · Unrelated business $0 · Excluded from tax $6,534$657,817
Part IX · Statement of functional expenses $567,856 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $225,532$225,532
IX-7 Other salaries and wagesPrograms $129,715$129,715
IX-8 Pension plan contributionsPrograms $2,000$2,000
IX-10 Payroll taxesPrograms $32,896$32,896
IX-11c Accounting feesManagement $8,574$8,574
IX-11g Other fees for servicesManagement $5,735$5,735
IX-13 Office expensesManagement $3,843$3,843
IX-14 Information technologyPrograms $3,719 · Management $3,719 · Fundraising $3,719$11,157
IX-23 InsurancePrograms $4,845$4,845
IX-24 Other expenses (24a–d)Programs $137,339 · Management $3,422$140,761
IX-24e All other expensesPrograms $2,569 · Management $229$2,798
IX-25 Total functional expensesPrograms $538,615 · Management $25,522 · Fundraising $3,719$567,856
Part X · Balance sheet $1,291,925 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $492,366$518,146
X-2 Savings and temporary cash investmentsStart of year $190,917$220,944
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $445,463$552,835
X-16 Total assetsStart of year $1,128,746$1,291,925
X-26 Total liabilitiesStart of year $261$0
X-27 Net assets without donor restrictionsStart of year $1,128,485$1,291,925
X-32 Total net assets or fund balancesStart of year $1,128,485$1,291,925
X-33 Total liabilities and net assetsStart of year $1,128,746$1,291,925
Part XI · Reconciliation of net assets $1,291,925 net assets at year end
XI-1 Total revenue$657,817
XI-2 Total expenses$567,856
XI-3 Revenue less expenses$89,961
XI-4 Net assets at start of year$1,128,485
XI-5 Net unrealized gains (losses) on investments$73,478
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,291,925

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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