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Precision Basketball EIN 87-2060064

Precision Basketball

EIN  87-2060064 Public charity (501(c)(3)) Los Angeles, CA
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Size
$100K–1M
What they do
Promotes sports, mental health, and health education for youth development.
Leadership
Danilo Rios · Chief Executive Officer
Money in and out
$252K revenue, $265K expenses
Bottom line
100% program efficiency

Promotes sports, mental health, and health education for youth development. For fiscal year 2024 it reported $252K in revenue, $265K in expenses, and $185K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$265K
Pt IX · Ln 25
Net assets
$185K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -119% vs prior filing year
Donor-funded
100%
of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$252K
FY2024▼ -11%
Expenses
$265K
FY2024▲ +27%
Total assets
$185K
FY2024▼ -7%
Total liabilities
$0
FY2024
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$265K
Pt IX · Ln 25
Net assets
$185K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$185K
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

3 program services account for $265K of program spending, described in the organization's own filed words · FY2024.
01

Korolev academy

$265Kprogram expense
02

block inc

Pt IX · col B
03

Block inc

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrecision Basketball
EINHdr · item D87-2060064
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N62)
Ruling yearIRS BMFNov 2021

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 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Danilo Rios
Chief Executive Officer
$0Pt VII · Sec A
Manuel Rios JR
Chief Financial Officer
$0Pt VII · Sec A
Manuel Rios
Secretary
$0Pt VII · Sec A

Danilo Rios’s $65K as Chief Executive Officer is at the 73rd percentile of top reported officer pay among 1018 $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

NameFY2023FY2022
Danilo Rios$65,000$40,000
Manuel Rios JR$10,400$14,175

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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Statement of Revenue

Part VIII
Contributions & grants100%$252K
— government grantsLn 1e$252K
Total revenueLn 12$252K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$265K
Total functional expensesLn 25$265K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$185K
Total liabilitiesLn 26$0
Total net assetsLn 32$185K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $265K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $265K · Total expenses $265K
100%
Management & General
Management & general $0 · Total expenses $265K
0%
Fundraising
Fundraising $0 · Total expenses $265K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $94K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $252K · Total revenue $252K
100%
Government reliance
Government grants $252K · Total revenue $252K
100%
Earned-income share
Program service revenue $0 · Total revenue $252K
0%
Investment reliance
Investment income $0 · Total revenue $252K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $265K
0%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year $283K
-11%
Net-asset trend (YoY)
End of year $185K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $265K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $185K
—
Net-asset ratio
Net assets $185K · Total assets $185K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $185K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Danilo Rios · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $0 · Total expenses $265K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30K · Total expenses $265K
11%
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 -11%——

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.

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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
FY2024 (Latest)$252K revenue · viewing · ⤓ 990 PDF
FY2023$283K revenue · ⤓ 990 PDF
FY2022$240K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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