Fab44 Basketball EIN 81-1731237

Fab44 Basketball

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Distributes food to the community through state and city funded programs. For fiscal year 2023 it reported $191K in revenue, $212K in expenses, and $77K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Little Rock, AR
Filings
4 on file (2020–2023)
Revenue
$191KFY2023
Expenses
$212K
Net assets
$77K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  81-1731237 Public charity (501(c)(3)) Little Rock, AR
Form 990 (PDF)
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Size
$100K–1M
What they do
Distributes food to the community through state and city funded programs.
Leadership
Money in and out
$191K revenue, $212K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$77K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -75% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$191K
FY2023▼ -54%
Expenses
$212K
FY2023▼ -65%
Total assets
$148K
FY2023▼ -43%
Total liabilities
$72K
FY2023▼ -56%
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$77K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$148K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

To reduce recidivism in our community, we offer personalized services that promote a positive mindset and enhance life and job skills, empowering individuals to build a brighter future.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFab44 Basketball
EINHdr · item D81-1731237
Principal addressHdr · item CLittle Rock, AR
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N62)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$181K · 95%
Program service revenue$10K · 5%
Contributions & grants95%$181K
Program service revenue5%$10K
— government grantsLn 1e$181K
Total revenueLn 12$191K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$212K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$148K
Total liabilitiesLn 26$72K
Total net assetsLn 32$77K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $212K
0.1 months
Where the money goes
Program services
Program services $212K · Total expenses $212K
100%
Management & General
Management & general $0 · Total expenses $212K
0%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $13
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $191K
95%
Government reliance
Government grants $181K · Total revenue $191K
95%
Earned-income share
Program service revenue $10K · Total revenue $191K
5%
Investment reliance
Investment income $0 · Total revenue $191K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $212K
5%
Growth & trend
Revenue growth (YoY)
This year $191K · Prior year $418K
-54%
Net-asset trend (YoY)
End of year $77K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $191K · Expenses $212K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $148K
Net-asset ratio
Net assets $77K · Total assets $148K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $148K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Samantha Faith Sherman · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $212K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31K · Total expenses $212K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -54%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$28

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$191K revenue · viewing · ⤓ 990 PDF
FY2022$418K revenue · ⤓ 990 PDF
FY2021$644K revenue · ⤓ 990 PDF
FY2020$644K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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