Nonprofit · EIN 81-4337724
VALLEY STARS BASKETBALL ACADEMY
Tax-exempt · ENCINO, CA 91416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $287,832 | $306,788 | -$18,956 | $7,084 | $53,498 | -$46,414 |
| December 31, 2023 | 990 | $205,689 | $198,811 | $6,878 | $16,560 | $48,054 | -$31,494 |
| December 31, 2022 | 990 | $120,674 | $130,980 | -$10,306 | $10,726 | $49,097 | -$38,371 |
| December 31, 2021 | 990 | $37,466 | $51,448 | -$13,982 | $20,217 | $52,391 | -$32,174 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $287,832
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $91,300
- Other salaries and wages
- $64,896
- Salaries, compensation and benefits (total)
- $169,835
- Professional fundraising fees
- $0
- Legal fees
- $3,725
- Occupancy
- $40,180
- Travel
- $1,596
- Program services (functional)
- $280,406
- Management and general (functional)
- $24,851
- Fundraising (functional)
- $1,531
Balance sheet and other
- Total assets, start of year
- $16,560
- Total assets, end of year
- $7,084
- Total liabilities, end of year
- $53,498
- Net assets, end of year
- -$46,414
- Net assets without donor restrictions
- -$46,414
- Gross receipts
- $287,832
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2016
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH ESPARZA | Executive Director Officer | 40 | $85,250 |
| SHELLEY ESPARZA | VICE PRESDIRECTOR Trustee or director, Officer | 30 | $6,050 |
| CESAR CALDERON | PRESIDENTDIRECTOR Trustee or director, Officer | 40 | $0 |
| HEATHER THOMPSON | SECRETARYDIRECTOR Trustee or director, Officer | 20 | $0 |
| SASHA YOUSSEF | TREASURERDIRECTOR Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH ESPARZA | Executive Director Officer | 40 | $53,000 |
| SHELLEY ESPARZA | VICE PRESDIRECTOR Trustee or director, Officer | 20 | $9,925 |
| CESAR CALDERON | PRESIDENTDIRECTOR Trustee or director, Officer | 40 | $0 |
| HEATHER THOMPSON | SECRETARYDIRECTOR Trustee or director, Officer | 20 | $0 |
| SASSAN HEYDARI | TREASURERDIRECTOR Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH ESPARZA | Executive Director Officer | 40 | $47,380 |
| CESAR CALDERON | PRESIDENTDIRECTOR Trustee or director, Officer | – | $0 |
| CHRISTOPHER JORGE | VICE PRESDIRECTOR Trustee or director, Officer | – | $0 |
| HEATHER THOMPSON | SECRETARYDIRECTOR Trustee or director, Officer | – | $0 |
| SASHA YOUSSEF | TREASURERDIRECTOR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CESAR CALDERON | PRESIDENTDIRECTOR Trustee or director, Officer | 40 | $0 |
| CHRISTOPHER JORGE | VICE PRESDIRECTOR Trustee or director, Officer | 5 | $0 |
| HEATHER THOMPSON | SECRETARYDIRECTOR Trustee or director, Officer | 5 | $0 |
| SASSAN HEYDARI | TREASURERDIRECTOR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16913, ENCINO, CA 91416-6913
- In care of
- % KEITH ESPARZA
- Mailing address (990-N for 2021)
- PO BOX 16913, ENCINO CA 91416
- Principal officer (990 for 2024)
- KEITH ESPARZA, PO BOX 16913, ENCINO, CA 91416
- Principal officer (990-N for 2021)
- CESAR CALDERON, PO BOX 16913, ENCINO CA 91416
- Signed the 990
- KEITH ESPARZA, Executive Director
- Phone
- (818) 694-6182
- Return prepared by
- PATEL & ALMEIDA PC
California records
California keeps its own records of charities and corporations. Search them by EIN 81-4337724 or by the name VALLEY STARS BASKETBALL ACADEMY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Youth basketball league
Program accomplishments
- Teaching and playing youth basketball. There were 88 kids in the program for 2024.Expenses $280,406 · revenue $287,832
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 | Not 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
- 81-4337724
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $7,084
- Income (IRS master file)
- $287,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $287,832 | $306,788 | $7,084 | IRS |
| 990 | December 2023 | $205,689 | $198,811 | $16,560 | XML |
| 990 | December 2022 | $120,674 | $130,980 | $10,726 | XML |
| 990-N for 2021 Officer: CESAR CALDERON | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | $37,466 | $51,448 | $20,217 | XML |
| 990-N for 2020 Officer: Sasha Youssef | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: KEITH ESPARZA | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-4337724).
Questions about VALLEY STARS BASKETBALL ACADEMY
- What is the EIN of VALLEY STARS BASKETBALL ACADEMY?
- The employer identification number (EIN) of VALLEY STARS BASKETBALL ACADEMY is 81-4337724.
- Is VALLEY STARS BASKETBALL ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to VALLEY STARS BASKETBALL ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY STARS BASKETBALL ACADEMY 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 VALLEY STARS BASKETBALL ACADEMY 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 VALLEY STARS BASKETBALL ACADEMY 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 VALLEY STARS BASKETBALL ACADEMY?
- The 990 for the year ended December 31, 2024 names KEITH ESPARZA.
- Who are the officers and directors of VALLEY STARS BASKETBALL ACADEMY?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $85,250 (KEITH ESPARZA, Executive Director).
- How much revenue does VALLEY STARS BASKETBALL ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $287,832, expenses of $306,788 and total assets of $7,084 at year end.
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All nonprofits in ENCINO · California · Recreation and sports