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Nonprofit · EIN 57-1151598

TARKANIAN BASKETBALL ACADEMY INC

Tax-exempt · LAS VEGAS, NV 89102

Financials

$660K$694K2023$816K$753K2024
Revenue Expenses · by fiscal year end
Financials of TARKANIAN BASKETBALL ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$815,561$753,314$62,247$1,059,463$529,194$530,269
December 31, 2023990$659,856$693,876-$34,020$1,022,312$554,290$468,022
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$815,561
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$95,500
Other salaries and wages
$274,876
Salaries, compensation and benefits (total)
$370,376
Professional fundraising fees
$0
Legal fees
$349
Accounting fees
$2,000
Travel
$553
Depreciation
$32,002
Program services (functional)
$753,314

Balance sheet and other

Total assets, start of year
$1,022,312
Total assets, end of year
$1,059,463
Total liabilities, end of year
$529,194
Net assets, end of year
$530,269
Land, buildings and equipment
$483,812
Gross receipts
$815,561
Employees
5
Year formed
2003
State of legal domicile
NV

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANNY TARKANIANTreasurer
Officer
40$60,000
GEORGE TARKANIANPresident
Officer
0$35,500
MICHAEL BROWNDirector
Trustee or director
0$0
JOSEPH K RAFTERYDirector
Trustee or director
0$0
EDWARD RUGGEROLIDirector
Trustee or director
0$0
DINARD TAYLORDirector
Trustee or director
0$0
JUDY FLYNNSecretary
Officer
20$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DANNY TARKANIANTreasurer
Officer
40$60,000
GEORGE TARKANIANPresident
Officer
0$54,000
JUDY FLYNNSecretary
Officer
20$48,000
MICHAEL BROWNDirector
Trustee or director
0$0
JOSEPH K RAFTERYDirector
Trustee or director
0$0
EDWARD RUGGEROLIDirector
Trustee or director
0$0
DINARD TAYLORDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
2730 S RANCHO DR, LAS VEGAS, NV 89102-6400
In care of
% JUDY FLYNN
Principal officer (990 for 2024)
DANNY TARKANIAN, 2730 S RANCHO DRIVE, LAS VEGAS, NV 89102
Signed the 990
DANNY TARKANIAN, Treasurer
Phone
(702) 871-0096
Return prepared by
RSG ACCOUNTING & CONSULTING INC

Mission

THE GOAL OF THE ORGANIZATION IS TO PROVIDE BASKETBALL RELATED ACTIVITES, SUCH AS TEACHING OF FUNDAMENTALS, SKILLS, SPORTSMANSHIP, WORK ETHIC AND FAIR PLAY TO YOUNG BOYS AND GIRLS OF ALL ECONOMIC BACKGROUNDS.

990 for the year ended December 31, 2024

Program accomplishments

  • IT IS THROUGH THE CONTINUED PRESENTATION OF BASKETBALL CLINICS THAT THE ORGANIZATION CAN SUCCESSFULLY ACCOMPLISH ITS EXEMPT PURPOSE.
    Expenses $753,314

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-1151598
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
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,059,463
Income (IRS master file)
$815,561

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$815,561$753,314$1,059,463XML
990December 2023$659,856$693,876$1,022,312XML
990December 2022$736,106$602,911$1,084,791IRS
990December 2021–––IRS
990December 2019–––IRS
990December 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 57-1151598).

Questions about TARKANIAN BASKETBALL ACADEMY INC

What is the EIN of TARKANIAN BASKETBALL ACADEMY INC?
The employer identification number (EIN) of TARKANIAN BASKETBALL ACADEMY INC is 57-1151598.
Is TARKANIAN BASKETBALL ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to TARKANIAN BASKETBALL ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TARKANIAN BASKETBALL ACADEMY INC 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 TARKANIAN BASKETBALL ACADEMY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TARKANIAN BASKETBALL ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TARKANIAN BASKETBALL ACADEMY INC?
The 990 for the year ended December 31, 2024 names DANNY TARKANIAN.
Who are the officers and directors of TARKANIAN BASKETBALL ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $60,000 (DANNY TARKANIAN, Treasurer).
How much revenue does TARKANIAN BASKETBALL ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $815,561, expenses of $753,314 and total assets of $1,059,463 at year end.

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