Cobl

Tax-deductible

Penn Valley, PA501(c)(3)Recreation & SportsEIN 87-0887440Revenue $218K in FY2025

On file with the IRScityofbasketballlove.com614 Fairview Rd, 19072-1416 · Penn Valley, PATax-exempt since Dec 2021Publicly supported — 509(a)(2)

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Operate the website www.cityofbasketballlove.com which provides free of charge content reporting on high school and college basketball. Cobl also runs basketball events for high school students as well as offer internships and mentoring to high school and college students interested in journalism.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
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
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $2K a year · 1% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 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
$62K
to officers and key staff · 28% of spending
Top officer’s pay higher than 61% of similar orgs
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
-13% vs prior year
Spent
$220K
To programs
95%
Net assets
$24K
By yearFY2022–FY2025
Revenue
$218K
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2022$105K
FY2023$130K
FY2024$249K
FY2025$218K
Expenses
$220K
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$251K
FY2025$220K
Net assets
$24K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2022$11K
FY2023$22K
FY2024$23K
FY2025$24K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2021.

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% · $210K Management & general 5% · $10K

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

11 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President, E
$48,200Pt VII · Sec A
Former Asst
$13,350Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Josh Verlin’s $48K as President, E is at the 61st percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Josh Verlin$48,200$40,950$30,150$19,000
Owen McCue$13,350$30,750$32,100—

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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Provides free basketball news, runs events, and offers journalism internships and mentoring.

Questions for Cobl

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Provided by the organization

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2 programs · $210K · in their own filed words · FY2024
01

Cobl successfully ran 9 high school camps and events in the fiscal year ended 6/30/2025. These events helped to showcase high school players to college coaches for recruiting purposes as well as provide an opportunity for high school teams to compete with teams outside of their conferences.

$160Kprogram expense
02

Cobl successfully ran it's website, publishing over 1,000 articles free of charge to all readers.

$50Kprogram 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
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Fees for servicesLn 2g$144K
Gifts and grantsLn 1h$68K
Other incomeLn 4–11$5K
Money outPt IX
$220K
Ln 25
Programscol B$210K
Managementcol C$10K
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$42K
LiabilitiesLn 26$18K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Fees for servicesLn 2g$144K
Other incomeLn 4–11$5K
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Total assetsLn 16$42K
LiabilitiesLn 26$18K
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$38K$38K
Total assetsLn 16$43K$42K
LiabilitiesLn 26$20K$18K
Net assetsLn 32$23K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$44K$8K
Other employee benefitsLn 9$681$579$102
Payroll taxesLn 10$4K$3K$614
Legal feesLn 11b$100$100
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$72K$72K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$21$18$3
Information technologyLn 14$864$734$130
TravelLn 17$1K$1K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$78K$77K$123
Total functional expensesLn 25$220K$210K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $218K$220K−$3K$24K 990 PDF
FY2024 $249K$251K−$2K$23K 990 PDF
FY2023 $130K$22K 990 PDF
FY2022 $105K$11K 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 $217,677 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,382$68,334
I-9 Program service revenuePrior year $167,662$144,301
I-10 Investment income$0
I-11 Other revenuePrior year $857$5,042
I-12 Total revenuePrior year $248,901$217,677
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $79,000$56,974
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $172,039$163,254
I-18 Total expensesPrior year $251,039$220,228
I-19 Revenue less expensesPrior year −$2,138−$2,551
Part VI · Governance 8 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
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 $217,677 across 4 lines filed
Lines not itemized here account for $5,042 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$68,334
VIII-1h Total contributions, gifts and grants$68,334
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,301$144,301
VIII-12 Total revenueRelated to mission $149,343$217,677
Part IX · Statement of functional expenses $220,228 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,370 · Management $7,830$52,200
IX-9 Other employee benefitsPrograms $579 · Management $102$681
IX-10 Payroll taxesPrograms $3,479 · Management $614$4,093
IX-11b Legal feesManagement $100$100
IX-11c Accounting feesManagement $1,585$1,585
IX-11g Other fees for servicesPrograms $72,135$72,135
IX-12 Advertising and promotionPrograms $4,033$4,033
IX-13 Office expensesPrograms $18 · Management $3$21
IX-14 Information technologyPrograms $734 · Management $130$864
IX-17 TravelPrograms $1,305$1,305
IX-23 InsurancePrograms $5,658$5,658
IX-24 Other expenses (24a–d)Programs $77,430 · Management $123$77,553
IX-25 Total functional expensesPrograms $209,741 · Management $10,487 · Fundraising $0$220,228
Part X · Balance sheet $41,920 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $38,083$37,861
X-8 Inventories for sale or useStart of year $5,001$4,059
X-16 Total assetsStart of year $43,084$41,920
X-25 Other liabilitiesStart of year $385$118
X-26 Total liabilitiesStart of year $19,714$17,643
X-27 Net assets without donor restrictionsStart of year $23,370$24,277
X-32 Total net assets or fund balancesStart of year $23,370$24,277
X-33 Total liabilities and net assetsStart of year $43,084$41,920
Part XI · Reconciliation of net assets $24,277 net assets at year end
XI-1 Total revenue$217,677
XI-2 Total expenses$220,228
XI-3 Revenue less expenses−$2,551
XI-4 Net assets at start of year$23,370
XI-8 Prior period adjustments$73
XI-9 Other changes in net assets$3,385
XI-10 Net assets at end of year$24,277

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

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