Public Charity

5050 FOUNDATION

5050 FOUNDATION, of NASHVILLE, TN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $398K in revenue, $273K in expenses, $163K in total assets. 4 publicly reported grants to this organization, totaling roughly $48K, appear in IRS filings.

EIN: 862202687 NASHVILLE, TN Latest filing: 2024
Total Revenue$398K
Total Expenses$273K
Total Assets$163K
Grant Records4
Funding Total$48K
Filing Years2023–2024

Mission

TO ORGANIZE, OPERATE, AND MAINTAIN 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.

Officers & Directors

SECRETARY Andrew Montgomery
VICE PRESIDENT Brandon Mcphail
CO-FOUNDER AND PRESIDENT Brianna Betts
CHAIR PERSON Cam Lewis
FOUNDER Mookie Betts

Officer compensation and complete director data available with membership.

Top Grant Purposes

COST EFFIC F/R SOLTN
$15,000 1 grant
For grant recipient's exempt purposes
$12,500 1 grant
GENERAL
$12,500 1 grant
GENERAL OPERATING SUPPORT
$7,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $398K $273K $163K
2023 $149K $126K $39K

Between 2023 and 2024, reported annual revenue grew from $149K to $398K (+166%), with total assets most recently reported at $163K.

Interactive year-over-year charts and full filing details available with membership.

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