Nonprofit · EIN 84-3211296
TEXAS TAR HEELS BASKETBALL ACADEMY INC
Tax-exempt · LEWISVILLE, TX 75067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $395,107 | $415,158 | -$20,051 | $51,181 | $34,150 | $17,031 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $395,107
- Membership dues
- $384,337
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,250
- Other salaries and wages
- $5,338
- Salaries, compensation and benefits (total)
- $92,804
- Professional fundraising fees
- $0
- Legal fees
- $9,534
- Occupancy
- $43,643
- Travel
- $32,600
- Depreciation
- $4,855
- Program services (functional)
- $385,017
- Management and general (functional)
- $30,141
Balance sheet and other
- Total assets, start of year
- $60,969
- Total assets, end of year
- $51,181
- Total liabilities, end of year
- $34,150
- Net assets, end of year
- $17,031
- Land, buildings and equipment
- $7,282
- Net assets without donor restrictions
- $17,031
- Gross receipts
- $395,107
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- TX
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nathan Brewer | President Trustee or director, Officer | 40 | $52,083 |
| Sharon H Brewer | Secretary Trustee or director, Officer | 20 | $29,167 |
| Sophia Brown | Board Member Trustee or director | 5 | $0 |
| Kevin Freeman | Board Member Trustee or director | 5 | $0 |
| David Green | Board Member Trustee or director | 5 | $0 |
| Greg Santos | Board Member Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2528 JACOBSON DR, LEWISVILLE, TX 75067-8200
- Principal officer (990 for 2023)
- Nathan Brewer, 2528 Jacobson Dr, Lewisville, TX 75067
- Signed the 990
- Nathan Brewer, President
- Phone
- (631) 721-6171
- Return prepared by
- BRYAN AND PATTERSON PC
Mission
See Schedule O
Program accomplishments
- There are different teams depending on the age, of boys 5 to 18. There are over 200 children with 9 coaches in a year round program. After registering, players will undergo a placement tryout in order to be placed on a team matching their skill set and age. Practices and Recreational games will be held twice a week, and tournaments will occur five times in a weekend.Expenses $381,569 · revenue $384,337
- Texas Tar Heels Academy will market and advertise the organization through their website, Social Media, and word of mouth. They will also advertise through posting signs at local gyms and schools.Expenses $3,448
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3211296
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $51,181
- Income (IRS master file)
- $395,107
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $395,107 | $415,158 | $51,181 | XML |
| 990 | December 2022 | $354,317 | $343,405 | $60,969 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 84-3211296).
Questions about TEXAS TAR HEELS BASKETBALL ACADEMY INC
- What is the EIN of TEXAS TAR HEELS BASKETBALL ACADEMY INC?
- The employer identification number (EIN) of TEXAS TAR HEELS BASKETBALL ACADEMY INC is 84-3211296.
- Is TEXAS TAR HEELS BASKETBALL ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to TEXAS TAR HEELS BASKETBALL ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS TAR HEELS 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 TEXAS TAR HEELS 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 TEXAS TAR HEELS BASKETBALL ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of TEXAS TAR HEELS BASKETBALL ACADEMY INC?
- The 990 for the year ended December 31, 2023 names Nathan Brewer.
- Who are the officers and directors of TEXAS TAR HEELS BASKETBALL ACADEMY INC?
- The 990 for the year ended December 31, 2023 lists 6 people; 2 received compensation from the organization, the highest $52,083 (Nathan Brewer, President).
- How much revenue does TEXAS TAR HEELS BASKETBALL ACADEMY INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $395,107, expenses of $415,158 and total assets of $51,181 at year end.
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