BETA

NBA PLAYERS HEALTH AND WELFARE BENEFIT PLAN: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
NBA PLAYERS HEALTH AND WELFARE BENEFIT PLAN (EIN 20-1260597)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-04-12
IRS object ID
202431039349301903
Schema version
2022v5.0
Note
A later return for the same period supersedes this one.
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-12T15:08:17-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161131146PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BONADIO & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1171 SULLYS TRAILAddressLine1Txt
CityPITTSFORDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14534ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201260597EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NBA PLAYERS' HEALTH AND WELFARE BENEFITBusinessNameLine1Txt
Business Name Line2PLANBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNBAPBusinessNameControlTxt
Phone8047186092PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO ALIGHT 1025 BOULDERS PWY 405AddressLine1Txt
CityNORTH CHESTERFIELDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP232255549ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNEIL AARON GARY ARRICKPersonNm
Person TitleTRUSTEESPersonTitleTxt
Phone8047186092PhoneNum
Signature2024-04-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNEILPersonFirstNm
Person LastAARON GARY ARRICKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAWN MINEMIERPreparerPersonNm
PTINP01339753PTIN
Phone5853811000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerG ARRICK N AARONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O ALIGHT 1025 BOULDERS PWY 405AddressLine1Txt
CityNORTH CHESTERFIELDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP232255549ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$199,937,341GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation2004FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE PLAN PROVIDES CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE (CONTINUED ON SCHEDULE O) (CONTINUATION OF LINE 1) CURRENT AND FORMER NATIONAL BASKETBALL ASSOCIATION ("NBA") PLAYERS AND THEIR SPOUSES AND ELIGIBLE DEPENDENTS PURSUANT TO THE ELIGIBILITY RULES FOR EACH BENEFIT.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$44,158,433PYProgramServiceRevenueAmt
CY Program Service Revenue$44,548,208CYProgramServiceRevenueAmt
PY Investment Income$15,940,671PYInvestmentIncomeAmt
CY Investment Income$7,063,524CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$60,099,104PYTotalRevenueAmt
CY Total Revenue$51,611,732CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$41,039,411PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$44,859,769CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,022,534PYOtherExpensesAmt
CY Other Expenses$1,027,996CYOtherExpensesAmt
PY Total Expenses$42,061,945PYTotalExpensesAmt
CY Total Expenses$45,887,765CYTotalExpensesAmt
PY Revenues Less Expenses$18,037,159PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$5,723,967CYRevenuesLessExpensesAmt
Total Assets BOY$330,388,781TotalAssetsBOYAmt
Total Assets EOY$366,996,874TotalAssetsEOYAmt
Total Liabilities BOY$523,638TotalLiabilitiesBOYAmt
Total Liabilities EOY$855,822TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$329,865,143NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$366,141,052NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PLAN PROVIDES CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE CURRENT AND FORMER NBA PLAYERS AND THEIR SPOUSES AND ELIGIBLE DEPENDENTS PURSUANT TO THE ELIGIBILITY RULES FOR EACH BENEFIT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescHEALTH REIMBURSEMENT ACCOUNTS (HRAS) FOR ELIGIBLE CURRENT AND FORMER NBA PLAYERS AND THEIR FAMILIES THAT COVER HEALTH-RELATED COSTS QUALIFIED UNDER IRS RULES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescMEDICAL AND PRESCRIPTION DRUG COVERAGE TO ELIGIBLE RETIRED NBA PLAYERS AND THEIR FAMILIES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescMEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, LIFE/AD&D AND DISABILITY INSURANCE COVERAGE TO ELIGIBLE CURRENT NBA PLAYERS AND THEIR FAMILIES.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescEX-PATRIATE MEDICAL, DENTAL, PRESCRIPTION DRUG AND VISION COVERAGE FOR ELIGIBLE CURRENT INTERNATIONAL NBA PLAYERS AND THEIR FAMILITES AND TUITION REIMBURSEMENT BENEFITS FOR ELIGIBLE CURRENT AND FORMER NBA PLAYERS.MEDICAL, PRESCRIPTION DRUG, DENTAL AND VISION COVERAGE TO ELIGIBLE RETIRED NBA PLAYERS AND THEIR FAMILIES.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or MisuseYes (1)MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALIGHT SOLUTIONSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8047186092PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11025 BOULDERS PARKWAY 405AddressLine1Txt
CityNORTH CHESTERFIELDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP232255549ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DANIEL RUBE
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
ORIS STUART
TRUSTEE UNTIL 4/20231.00Yes (X)Yes (X)$0$0$0
NEIL AARON
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
RONALD KLEMPNER
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
GARY ARRICK
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
PURVIS SHORT
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
SABRINA ELLIS
TRUSTEE AS OF 4/20231.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
WELLINGTON TRUST COMPANY NA
280 CONGRESS STREETBOSTONMA02210INVESTMENT MANAGEMENT$551,220
GALLIARD CAPITAL MANAGEMENT LLC
800 LASALLE AVENUE SUITE 1400MINNEAPOLISMN55402INVESTMENT MANAGEMENT$166,851
PRINCIPAL CUSTODY SOLUTIONS
PO BOX 10317DES MOINESIA503060317CUSTODIAL$125,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
NBA TEAMS CONTRIBUTIONS624100$39,504,702$39,504,702
SELF-PAY CONTRIBUTIONS624100$5,043,506$5,043,506
FieldValueIRS element (for citing)
Total Program Service Revenue$44,548,208TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,034,581TotalRevenueColumnAmt
Exclusion$7,034,581ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$148,354,552SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$148,325,609SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$28,943SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,943TotalRevenueColumnAmt
Exclusion$28,943ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,611,732TotalRevenueColumnAmt
Related Or Exempt Func Income$44,548,208RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,063,524ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$44,859,769TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$934,655TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$21,400TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
PARTICIPANT IMPUTED TAX$66,484
PCORI FEES$3,898
BANK CHARGES$1,559

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$45,887,765TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,101,609BOYAmt
EOY$6,562,318EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,474,378BOYAmt
EOY$2,354,061EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$131,360,347BOYAmt
EOY$132,003,505EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$183,918,275BOYAmt
EOY$225,286,774EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$534,172BOYAmt
EOY$790,216EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$330,388,781BOYAmt
EOY$366,996,874EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$523,638BOYAmt
EOY$855,822EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$523,638BOYAmt
EOY$855,822EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$329,865,143BOYAmt
EOY$366,141,052EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$329,865,143BOYAmt
EOY$366,141,052EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$330,388,781BOYAmt
EOY$366,996,874EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$5,723,967ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$30,551,942NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
RUSSELL 3000(R) INDEX NL CTF4$130,561,995F
WTC-CTF INTERNATIONAL RESEARCH EQUITY PORTFOLIO$60,152,547F
WTC-CTF OPPORTUNISTIC INVESTMENT ALLOCATION$34,572,232F
FieldValueIRS element (for citing)
Total Book Value Securities$225,286,774TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$81,229,019TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$30,551,942NetUnrealizedGainsInvstAmt
Revenue Not Reported$30,551,942RevenueNotReportedAmt
Revenue Subtotal$50,677,077RevenueSubtotalAmt
Investment Expenses Not Incld$934,655InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$934,655RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$51,611,732TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$44,953,110TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$44,953,110ExpensesSubtotalAmt
Investment Expenses Not Incld2$934,655InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$934,655ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$45,887,765TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationIN GENERAL, FOR EMPLOYEE BENEFIT PLANS, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. THE PLAN FILES THE RETURN OF EXEMPT ORGANIZATION FROM INCOME TAX (FORM 990) AND THE ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN (FORM 5500) IN THE U.S. FEDERAL JURISDICTION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BECAUSE THE PLAN IS JOINTLY OPERATED AND ADMINISTERED BY THE NBPA AND THE NBA, (I) GARY ARRICK IS IN A "BUSINESS RELATIONSHIP" WITH EACH OF RON KLEMPNER AND PURVIS SHORT BY VIRTUE OF RON KLEMPNER AND PURVIS SHORT EACH BEING EMPLOYED BY THE NBPA, OF WHICH GARY ARRICK IS THE CHIEF FINANCIAL OFFICER AND (II) THE NBA TRUSTEES ARE IN A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF ALL BEING OFFICERS OF THE NBA.
FORM 990, PART VI, SECTION A, LINE 5AS REPORTED IN THE FORM 990 FOR THE 2018-19 TAX YEAR, IN 2019, THE TRUSTEES BECAME AWARE THAT SEVERAL PLAN PARTICIPANTS HAD SUBMITTED CLAIMS FOR REIMBURSEMENT FOR MEDICAL EXPENSES THAT INCLUDED FABRICATED OR OTHERWISE INAPPROPRIATE SUBSTANTIATION DOCUMENTATION. THE TRUSTEES LEARNED THAT THE PLAN'S THIRD-PARTY HRA ADMINISTRATOR (THE "TPA") APPROVED SOME OF THESE CLAIMS AND PAID CERTAIN PARTICIPANTS FUNDS TO WHICH THEY WERE NOT ENTITLED. THE TRUSTEES PROMPTLY RETAINED TWO INDEPENDENT LAW FIRMS TO CONDUCT A COMPREHENSIVE INVESTIGATION, TOOK IMMEDIATE CORRECTIVE STEPS WITH RESPECT TO THE CLAIMS AT ISSUE AND IMPLEMENTED PREVENTATIVE MEASURES. SUBSEQUENTLY, IN OCTOBER 2021, A FEDERAL CRIMINAL INVESTIGATION INTO THE CLAIMS RESULTED IN INDICTMENTS ALLEGING THAT MULTIPLE PLAN PARTICIPANTS AND OTHER THIRD PARTIES PARTICIPATED IN A SCHEME TO DEFRAUD THE PLAN. GUILTY PLEAS HAVE BEEN ENTERED WITH RESPECT TO $2,274,947 OF THE DIVERTED ASSETS AND RESTITUTION TO THE PLAN WAS ORDERED IN EACH CASE. CRIMINAL CHARGES RELATING TO $526,364 HAVE NOT YET BEEN RESOLVED IN THE FEDERAL CRIMINAL CASE. THE PLAN HAS SUCCESSFULLY RECOUPED $455,611 AS OF THE DATE OF THIS FILING. THE TRUSTEES HAVE CONTINUED TO TAKE PREVENTATIVE ACTION INCLUDING (I) IMPLEMENTING ROBUST DETECTION PROCEDURES, (II) FORTIFYING THE PLAN'S INTERNAL CONTROLS AND (III) TERMINATING THE TPA WHO HAD APPROVED AND PAID IMPROPER CLAIMS.
FORM 990, PART VI, SECTION A, LINE 7ATHE NBA HAS THE RIGHT TO APPOINT AND REMOVE THREE NBA TRUSTEES, AND THE NBPA HAS THE RIGHT TO APPOINT AND REMOVE THREE NBPA TRUSTEES, EACH PURSUANT TO THE TRUST AGREEMENT ESTABLISHING THE PLAN.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED AND COMMENTED ON BY PLAN COUNSEL AND THE TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE ANNUALLY SIGNS A STATEMENT THAT AFFIRMS SUCH PERSON'S UNDERSTANDING OF THE FUND'S CONFLICT OF INTEREST POLICY; THIS CONFLICT OF INTEREST POLICY WAS PREVIOUSLY AGREED TO BY THE TRUSTEES. PRIOR TO THE SIGNING OF THE MOST RECENT STATEMENT, PLAN COUNSEL ADVISED THE TRUSTEES THAT THEY ARE NOT AWARE OF ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST THAT INVOLVE THE TRUSTEES. THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY CONFLICT OR POSSIBLE CONFLICT IN ACCORDANCE WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY, AND ARE OTHERWISE PRECLUDED FROM ACTING AS A TRUSTEE WITH RESPECT TO ANY MATTER THAT WOULD POSE A CONFLICT OR POSSIBLE CONFLICT WITH THE CONFLICT OF INTEREST POLICY. TO ENSURE THE FUND OPERATES IN A MANNER CONSISTENT WITH ITS TAX EXEMPT STATUS AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED.
FORM 990, PART VI, SECTION C, LINE 19NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (28 entries)

CHICAGO PROFESSIONAL SPORTS LIMITED PARTNERSHIP
DALLAS BASKETBALL LIMITED
DENVER NUGGETS LIMITED PARTNERSHIP
ROCKET BALL LTD
LA CLIPPERS LLC
MIAMI HEAT LIMITED PARTNERSHIP
MINNESOTA TIMBERWOLVES BASKETBALL LIMITED PARTNERSHIP
NEW ORLEANS PELICANS NBA LLC
NEW YORK KNICKS LLC
ORLANDO MAGIC LTD
PHILADELPHIA 76ERS LP
SACRAMENTO KINGS LIMITED PARTNERSHIP LP
WASHINGTON SPORTS LLC
ATLANTA HAWKS LP
BANNER SEVENTEEN LLC
B-CUBED BASKETBALL HOLDINGS LLC
HORNETS BASKETBALL LLC
CAVALIERS OPERATING COMPANY LLC
GOLDEN STATE WARRIORS LLC
PACERS BASKETBALL LLC
MG HOLDCO LLC
FEAR THE DEER LLC
THE PROFESSIONAL BASKETBALL CLUB LLC
SUNS LEGACY PARTNERS LLC
SAN ANTONIO SPURS LLC
DETROIT PISTONS BASKETBALL COMPANY
MAPLE LEAF SPORTS AND ENTERTAINMENT PARTNERSHIP
SEG BASKETBALL LLC

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

THE LOS ANGELES LAKERS INC
TRAIL BLAZERS INC
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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