Murray Elite Basketball

Tax-deductible

Cedar Rapids, IA501(c)(3)Since 2025Recreation & SportsEIN 46-3829148Revenue $222K in FY2025

On file with the IRSmurrayelitebasketball.com1909 Rosehill Dr Sw, 52404-2181 · Cedar Rapids, IATax-exempt since Nov 2025Publicly supported — 509(a)(2)

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To foster the holistic development of well-rounded athletes. We are committed to providing a leading grassroots training program, focusing on instilling principles of discipline, teamwork, and resilience. Through personalized coaching and a supportive community, we empower our athletes to reach their full potential as individuals and as part of a dynamic team, preaparing them for success in Basketball and life.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$222K
+60% vs prior year
Spent
$207K
To programs
96%
Net assets
$58K
By yearFY2020–FY2025
Revenue
$222K
FY2025▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$139K
FY2025$222K
Net assets
$58K
FY2025▲ +74%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2K
FY2021$34K
FY2025$58K

From the FY2025 Form 990 (year ending August 2025) · see the original

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Is it real?

Yes. Exemption reinstated (2025-01-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2025.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $198K Management & general 4% · $9K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Directo
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Murray Elite Basketball executive salaries →

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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 15aNo

Programs and updates

Murray Elite Basketball is a recreation and sports nonprofit based in Cedar Rapids, IA, formed in 2025.

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Provided by the organization

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1 program · $198K · in their own filed words · FY2024
01

Nurture athletes who embody excellence, integrity, and a relentless pursuit of self-mastery. Through innovative training programs, mentorship, and a culture of continuous improvement, we aim to shape the future of basketball to producing athletes who excel both on and off the court, becoming positive contributors to their communities.

$198Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$222K
Ln 12
Fees for servicesLn 2g$217K
Other incomeLn 4–11$5K
Investment incomeLn 3$72
Money outPt IX
$207K
Ln 25
Programscol B$198K
Managementcol C$9K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$7K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$217K
Investment incomeLn 3$72
Other incomeLn 4–11$5K
Total revenueLn 12$222K
Assets in detailPt X, end of year
CashLn 1$66K
Cash and savings togetherLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$7K
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$50K$66K
Total assetsLn 16$50K$66K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$43K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$550$550
Grants to domestic individualsLn 2$20K$20K
Legal feesLn 11b$801$801
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$35$35
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$3K$3K
Information technologyLn 14$867$867
OccupancyLn 16$22K$22K
TravelLn 17$85K$85K
InsuranceLn 23$522$522
Other expenses (24a–d)Ln 24$53K$53K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$207K$198K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $222K$207K$15K$58K 990 PDF
FY2024 Not on file
FY2023 Not on file
FY2022 Not on file
FY2021 $139K$34K 990 PDF
FY2020 $133K−$2K 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 FY2025 990 (6 parts)
Part I · Summary $222,421 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $199,461$217,329
I-10 Investment incomePrior year $50$72
I-11 Other revenue$5,020
I-12 Total revenuePrior year $199,511$222,421
I-13 Grants and similar amounts paidPrior year $15,200$20,595
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $162,301$186,824
I-18 Total expensesPrior year $177,501$207,419
I-19 Revenue less expensesPrior year $22,010$15,002
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $222,421 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,329$217,329
VIII-3 Investment incomeExcluded from tax $72$72
VIII-8 Net income from fundraising eventsExcluded from tax $5,020$5,020
VIII-12 Total revenueRelated to mission $217,329 · Excluded from tax $5,092$222,421
Part IX · Statement of functional expenses $207,419 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $550$550
IX-2 Grants to domestic individualsPrograms $20,045$20,045
IX-11b Legal feesManagement $801$801
IX-11c Accounting feesManagement $4,150$4,150
IX-11g Other fees for servicesPrograms $35$35
IX-12 Advertising and promotionPrograms $5,705$5,705
IX-13 Office expensesManagement $3,397$3,397
IX-14 Information technologyManagement $867$867
IX-16 OccupancyPrograms $22,175$22,175
IX-17 TravelPrograms $84,675$84,675
IX-23 InsurancePrograms $522$522
IX-24 Other expenses (24a–d)Programs $52,769$52,769
IX-24e All other expensesPrograms $11,728$11,728
IX-25 Total functional expensesPrograms $198,204 · Management $9,215 · Fundraising $0$207,419
Part X · Balance sheet $65,726 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $49,689$65,726
X-16 Total assetsStart of year $49,689$65,726
X-17 Accounts payable and accrued expensesStart of year $6,350$7,385
X-26 Total liabilitiesStart of year $6,350$7,385
X-27 Net assets without donor restrictionsStart of year $43,339$58,341
X-32 Total net assets or fund balancesStart of year $43,339$58,341
X-33 Total liabilities and net assetsStart of year $49,689$65,726
Part XI · Reconciliation of net assets $58,341 net assets at year end
XI-1 Total revenue$222,421
XI-2 Total expenses$207,419
XI-3 Revenue less expenses$15,002
XI-4 Net assets at start of year$43,339
XI-10 Net assets at end of year$58,341

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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