Nonprofit · EIN 33-2428966
CYCLONES BASKETBALL
Tax-exempt · ORLANDO, FL 32824
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $32,787 | $23,637 | $9,150 | $14,878 | $0 | $14,878 |
| December 31, 2024 | 990 | $37,239 | $31,511 | $5,728 | $5,728 | $0 | $5,728 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $32,787
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $479
- Accounting fees
- $1,863
- Program services (functional)
- $20,767
- Management and general (functional)
- $2,870
Balance sheet and other
- Total assets, start of year
- $5,728
- Total assets, end of year
- $14,878
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,878
- Net assets without donor restrictions
- $14,878
- Gross unrelated business income
- $2,336
- Gross receipts
- $32,787
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2024
- State of legal domicile
- FL
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 |
|---|---|---|---|
| ADAM | SCHULTZ Officer | – | $0 |
| SHARON | SCHULTZ Officer | – | $0 |
| MIKE | SCHULTZ Officer | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAITH HICKS LEAGUE | COACH | – | $1,200 |
| DOMINEEK BARNES | COACH | – | $650 |
| JONES | COACH | – | $160 |
Address and contacts
- Address (IRS master file)
- 1923 HAILSHAM CT, ORLANDO, FL 32824-4244
- In care of
- % MIKE SCHULTZ
- Principal officer (990 for 2025)
- ADAM SHULTZ, 1511 N DUKE ST, DURHAM, NC 27701
- Signed the 990
- ADAM SHULTZ, CHAIRPERSON & DIRECTOR
- Phone
- (904) 382-7833
- Return prepared by
- OBOC ACCOUNTING SERVICES
Mission
AMATEUR YOUTH BASKETBALL PROGRAM
Program accomplishments
- PLAYER FEESExpenses $20,767 · revenue $30,451
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Check at the IRS |
IRS record
- EIN
- 33-2428966
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $14,878
- Income (IRS master file)
- $32,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $32,787 | $23,637 | $14,878 | IRS |
| 990 | December 2024 | $37,239 | $31,511 | $5,728 | 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 33-2428966).
Questions about CYCLONES BASKETBALL
- What is the EIN of CYCLONES BASKETBALL?
- The employer identification number (EIN) of CYCLONES BASKETBALL is 33-2428966.
- Is CYCLONES BASKETBALL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CYCLONES BASKETBALL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CYCLONES BASKETBALL file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CYCLONES BASKETBALL 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 CYCLONES BASKETBALL 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 CYCLONES BASKETBALL?
- The 990 for the year ended December 31, 2025 names ADAM SHULTZ.
- Who are the officers and directors of CYCLONES BASKETBALL?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CYCLONES BASKETBALL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $32,787, expenses of $23,637 and total assets of $14,878 at year end.
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