Nonprofit · EIN 20-1136048
WAKE COUNTY BASKETBALL ASSOCIATION
Tax-exempt · RALEIGH, NC 27614
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $478,643 | $493,136 | -$14,493 | $102,101 | $0 | $102,101 |
| December 31, 2024 | 990 | $526,668 | $497,721 | $28,947 | $116,594 | $0 | $116,594 |
| December 31, 2023 | 990 | $388,410 | $380,357 | $8,053 | $87,647 | $0 | $87,647 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000
- Program service revenue
- $477,643
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $143,971
- Program services (functional)
- $460,947
- Management and general (functional)
- $32,189
Balance sheet and other
- Total assets, start of year
- $116,594
- Total assets, end of year
- $102,101
- Total liabilities, end of year
- $0
- Net assets, end of year
- $102,101
- Net assets without donor restrictions
- $102,101
- Gross receipts
- $478,643
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE STERRETT | PRESIDENT Trustee or director, Officer | 30 | $0 |
| RALPH PETERSON | TREASURER Trustee or director, Officer | 30 | $0 |
| LAWRENCE ROSEN | SECRETARY Trustee or director, Officer | 5 | $0 |
| CRAIG WILSON | DIRECTOR Trustee or director | 12 | $0 |
| KEVIN WOLBORSKY | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE STERRETT | PRESIDENT Trustee or director, Officer | 30 | $0 |
| RALPH PETERSON | TREASURER Trustee or director, Officer | 30 | $0 |
| LAWRENCE ROSEN | SECRETARY Trustee or director, Officer | 5 | $0 |
| CRAIG WILSON | DIRECTOR Trustee or director | 12 | $0 |
| KEVIN WOLBORSKY | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE STERRETT | PRESIDENT Trustee or director, Officer | 30 | $97,008 |
| RALPH PETERSON | TREASURER Trustee or director, Officer | 30 | $74,300 |
| CRAIG WILSON | DIRECTOR Trustee or director | 12 | $45,300 |
| LAWRENCE ROSEN | SECRETARY Trustee or director, Officer | 5 | $750 |
| KEVIN WOLBORSKY | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 12016 SIX FORKS RD, RALEIGH, NC 27614-9139
- In care of
- % PAT MERRITT
- Principal officer (990 for 2025)
- RALPH PETERSON, 8362 SIX FORKS RD SUITE 104, RALEIGH, NC 27615
- Signed the 990
- RALPH PETERSON, TREASURER
- Phone
- (919) 848-9920
- Website
- https://www.wcbahoops.com/
- Return prepared by
- Morrison Tax & Accounting Services Inc
Mission
PROVIDE GYM SPACE RENTED FROM SCHOOLS AND VOLUNTEER COACHES FOR APPROXIMATELY 500 YOUTH AGES 8 TO 18 TO PARTICIPATE IN ORGANIZED BASKETBALL. THIS LEAGUE DOES NOT DISCRIMINATE AND ENCOURAGES TEAMWORK AND SPORTSMANSHIP
Program accomplishments
- YOUTH LEAGUESExpenses $460,947
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1136048
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $102,101
- Income (IRS master file)
- $478,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $478,643 | $493,136 | $102,101 | IRS |
| 990 | December 2024 | $526,668 | $497,721 | $116,594 | IRS |
| 990 | December 2023 | $388,410 | $380,357 | $87,647 | XML |
| 990 | December 2022 | $344,167 | $421,959 | $79,594 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1136048).
Questions about WAKE COUNTY BASKETBALL ASSOCIATION
- What is the EIN of WAKE COUNTY BASKETBALL ASSOCIATION?
- The employer identification number (EIN) of WAKE COUNTY BASKETBALL ASSOCIATION is 20-1136048.
- Is WAKE COUNTY BASKETBALL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to WAKE COUNTY BASKETBALL ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAKE COUNTY BASKETBALL ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WAKE COUNTY BASKETBALL ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAKE COUNTY BASKETBALL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WAKE COUNTY BASKETBALL ASSOCIATION?
- The 990 for the year ended December 31, 2025 names RALPH PETERSON.
- Who are the officers and directors of WAKE COUNTY BASKETBALL ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does WAKE COUNTY BASKETBALL ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $478,643, expenses of $493,136 and total assets of $102,101 at year end.
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