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Thunder Basketball INC

Tax-deductible

Ringgold, GA501(c)(3)Recreation & SportsEIN 83-3150867Revenue $291K in FY2024

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Our mission is to develop fierce competitors, build character through the game and prepare athletes for success on and off the court.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$791
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$291K
+70% vs prior year
Spent
$224K
To programs
100%
Net assets
$170K
By yearFY2020–FY2024
Revenue
$291K
FY2024▲ +70%
Revenue by fiscal year
FY2020$70K
FY2021$105K
FY2022$149K
FY2023$171K
FY2024$291K
Net assets
$170K
FY2024▲ +64%
Net assets by fiscal year
FY2020$21K
FY2021$57K
FY2022$78K
FY2023$103K
FY2024$170K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $224K Management & general 0% · $465

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
$0Pt VII · Sec A
Patricia Epps
Secretary
$0Pt VII · Sec A
Carlo Lopez
Board Member
$0Pt VII · Sec A
Mark Thomas
Board Member
$0Pt VII · Sec A
Simon Idrahim
Board Member
$0Pt VII · Sec A
See Thunder Basketball INC 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

Develops fierce competitors, builds character through sports, and prepares athletes for success.

Provided by the organization

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1 program · $224K · in their own filed words · FY2024
01

The organization organizes leagues, tournaments and camps for youth in order to provide opportunities for the youth of the community to participate in basketball

$224Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$62
Total grants receivedfrom 1 funder$62

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$291K
Ln 12
Fees for servicesLn 2g$291K
Money outPt IX
$224K
Ln 25
Programscol B$224K
Managementcol C$465
Owns and owesPt X
$170K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$170K
LiabilitiesLn 26$791
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$291K
Total revenueLn 12$291K
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Land, buildings, equipmentLn 10c$54K
Total assetsLn 16$170K
LiabilitiesLn 26$791
Net assetsLn 32$170K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$55K$116K
Land, buildings, equipmentLn 10c$66K$54K
Total assetsLn 16$121K$170K
LiabilitiesLn 26$17K$791
Net assetsLn 32$103K$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$450$450
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$19K$19K
OccupancyLn 16$73K$73K
TravelLn 17$24K$24K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$83K$83K
All other expensesLn 24e$1K$1K$15
Total functional expensesLn 25$224K$224K$465$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $291K$224K$66K$170K 990 PDF
FY2023 $171K$103K 990 PDF
FY2022 $149K$78K 990 PDF
FY2021 $105K$57K 990 PDF
FY2020 $70K$21K 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 FY2024 990 (6 parts)
Part I · Summary $290,594 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,877$0
I-9 Program service revenuePrior year $164,415$290,594
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $171,292$290,594
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,549$224,470
I-18 Total expensesPrior year $145,549$224,470
I-19 Revenue less expensesPrior year $25,743$66,124
Part VI · Governance 3 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $290,594 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,594$290,594
VIII-12 Total revenueRelated to mission $290,594$290,594
Part IX · Statement of functional expenses $224,470 across 10 lines filed
IX-11c Accounting feesManagement $450$450
IX-11g Other fees for servicesPrograms $3,604$3,604
IX-12 Advertising and promotionPrograms $1,137$1,137
IX-13 Office expensesPrograms $19,425$19,425
IX-16 OccupancyPrograms $72,898$72,898
IX-17 TravelPrograms $23,646$23,646
IX-22 Depreciation, depletion and amortizationPrograms $11,311$11,311
IX-23 InsurancePrograms $7,518$7,518
IX-24 Other expenses (24a–d)Programs $83,326$83,326
IX-24e All other expensesPrograms $1,140 · Management $15$1,155
IX-25 Total functional expensesPrograms $224,005 · Management $465 · Fundraising $0$224,470
Part X · Balance sheet $170,396 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $55,332$116,063
X-10c Land, buildings and equipment, netStart of year $65,644$54,333
X-16 Total assetsStart of year $120,976$170,396
X-25 Other liabilitiesStart of year $9,648$791
X-26 Total liabilitiesStart of year $17,495$791
X-27 Net assets without donor restrictionsStart of year $103,481$169,605
X-32 Total net assets or fund balancesStart of year $103,481$169,605
X-33 Total liabilities and net assetsStart of year $120,976$170,396
Part XI · Reconciliation of net assets $169,605 net assets at year end
XI-1 Total revenue$290,594
XI-2 Total expenses$224,470
XI-3 Revenue less expenses$66,124
XI-4 Net assets at start of year$103,481
XI-10 Net assets at end of year$169,605

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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