Nonprofits5050 Foundation

Recreation & Sports

5050 Foundation

BRENTWOOD, TN

Total revenue

$398K

Total expenses

$273K

Net assets

$163K

Grants received

$68K

6 grants

EIN

862202687

Tax year

2024

Mission

The foundation organizes, operates, and maintains integrated programs of basketball instruction and activities available to boys and girls in grades nine through twelve in a manner that firmly implants the spirit of competition and the virtues of good sportsmanship, discipline, teamwork, honesty, loyalty, courage, and respect in the programs' participants, and that develops enthusiastic support for basketball among students, parents, and players by, among other activities, teaching the advance fundamentals of basketball to the programs' participants, promoting excellence in basketball by developing a coordinated effort amounts its various programs, providing a pathway for secondary educational scholarships through athletics and academics, and competing and excelling in amateur athletic union basketball tournaments.

Financials

FY 2024

Revenue

Contributions & grants$524K
Program service revenue
Investment income
Other revenue
Total revenue$398K

Expenses

Grants paid$78K
Salaries & benefits
Fundraising$3K
Other expenses$193K
Total expenses$273K
Total assets$163K
Net assets$163K

People

5 listed

NameRoleCompensation

MOOKIE BETTS

FOUNDER

Board

1 hrs/wk

BRIANNA BETTS

CO-FOUNDER AND PRESIDENT

Board

1 hrs/wk

BRANDON MCPHAIL

VICE PRESIDENT

Board

1 hrs/wk

ANDREW MONTGOMERY

SECRETARY

Board

1 hrs/wk

CAM LEWIS

CHAIR PERSON

Board

1 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$8K
GENERAL OPERATING SUPPORT
2024
$848
LOUDER THAN WORDS
2024
$20K
Louder Than Words Program
2023
$15K
COST EFFIC F/R SOLTN
2023
$13K
For grant recipient's exempt purposes
2023

Funded by

$68K from 5 funders · 6 grants · 2023–2024

JD Finish Line Foundation Inc

$21K · 2 grants · 2023–2024

Still Got Game Foundation Inc

$15K · 1 grant · 2023

Details

EIN862202687
NTEE codeN60
Subsection03
Ruling date2021-10
Formed2021
Employees0
Volunteers0
5050 FOUNDATION — Mission, Financials & Grants Received | Grantivo