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KENTUCKY COBRAS INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
KENTUCKY COBRAS INC (EIN 30-1032352)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-03-07
IRS object ID
202220669349200142
Schema version
2020v4.0
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)
Return2022-03-07T13:27:01-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352349774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEITH & ASSOCIATES PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1715 BAKEWELL STAddressLine1Txt
CityCOVINGTONCityNm
State AbbreviationKYStateAbbreviationCd
ZIP410111227ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN301032352EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KENTUCKY COBRAS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKENTBusinessNameControlTxt
Phone8592616800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11680 TRACE DRIVEAddressLine1Txt
CityFLORENCECityNm
State AbbreviationKYStateAbbreviationCd
ZIP41042ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTY SIMPSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8592616800PhoneNum
Signature2021-11-12SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTYPersonFirstNm
Person LastSIMPSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonR FREDERICK KEITHPreparerPersonNm
PTINP00048510PTIN
Phone8592616800PhoneNum
Preparation2022-03-07PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressHTTPS://KENTUCKYCOBRAS.LEAGUEAPPS.COM/WebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$171,585GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$116,083ContributionsGiftsGrantsEtcAmt
Program Service Revenue$55,502ProgramServiceRevenueAmt
Total Revenue$171,585TotalRevenueAmt
Printing Publications Postage$524PrintingPublicationsPostageAmt
Other Expenses Total$142,847OtherExpensesTotalAmt
Total Expenses$143,371TotalExpensesAmt
Excess Or Deficit For Year$28,214ExcessOrDeficitForYearAmt
Other Changes In Net Assets$12,607OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$40,821NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
EOY$40,821EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$40,821EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$40,821EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE ORGANIZATION RAISES FUNDS TO SUPPORT COMMUNITY IMPACT PROGRAMS THAT FURTHER ITS MISSION TO EDUCATE, INSPIRE AND ENCOURAGE CHILDREN AND YOUNG ADULTS THROUGHOUT THE COMMONWEALTH OF KENTUCKY PRIMARILY THROUGH TRAINING AND TEAM COMPETITION IN THE SPORT OF BASKETBALL.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtProgram Service ExpensesProgramServiceExpensesAmt
HUSTLE BASKETBALL FEATURES PROGRAMS OF ALL LEVELS FROM DEVELOPMENTAL LEAGUES, TO INDIVIDUAL TRAININGS, TO AAU. THE HUSTLE BASKETBALL EXPERIENCE INCLUDES A STAFF OF PROFESSIONAL TRAINERS AND COACHES WHO ARE PASSIONATE ABOUT SEEING KIDS GROW AS PLAYERS AND PEOPLE. THE FOUNDATION PROVIDES A FUN, SAFE, AND MEMORABLE EXPERIENCE FOR ALL PARTIES INVOLVED. THE FOUNDATION BRINGS HIGH QUALITY PLAYERS AND TEAMS TOGETHER TO PLAY BASKETBALL, OFFERING AN ATMOSPHERE UNLIKE ANYTHING IN NKY. THE FOUNDATION IMPACT OVER 1,000 FAMILIES IN THE NKY AND CINCINNATI AREA EVERY YEAR.$123,686
GENERAL ASSISTANCE FOR THE HUSTLE BASKETBALL PROGRAM.
FieldValueIRS element (for citing)
Total Program Service Expenses$123,686TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp

FieldValueIRS element (for citing)
PersonTY SIMPSONPersonNm
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTY SIMPSONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1715 BAKEWELL STREETAddressLine1Txt
CityCOVINGTONCityNm
State AbbreviationKYStateAbbreviationCd
ZIP41011ZIPCd
FieldValueIRS element (for citing)
Phone8592616800PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year$116,083CurrentTaxYearAmt
Total$116,083TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year$55,502CurrentTaxYearAmt
Total$55,502TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year$171,585CurrentTaxYearAmt
Total$171,585TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$171,585PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year$171,585CurrentTaxYearAmt
Total$171,585TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PAGE 1, ITEM BTHE ORIGINAL RETURN HAD THE INCORRECT ZIP CODE. THE AMENDED RETURN HAS THE CORRECT ZIP CODE.
FORM 990-EZ, PART I, LINE 16EXPENSES ADVERTISING & MARKETING 965 COMPUTER EXPENSE 38 SUPPLIES 3,681 RENT & LEASE 1,000 EQUIPMENT 924 CLOUD SOFTWARE 689 CAR & TRUCK 225 TRAVEL 773 BANK SERVICE CHARGES 204 DUES & SUBSCRIPTIONS 34,203 MEALS @ 50% 2,282 PAYPAL FEES 146 REFEREE FEES 40 REPAIR & MAINTENANCE 16 TOURNAMENT FEES 2,730 TRAINING 9,900 UNIFORMS 14,021 UTILITIES 855 HBL AWARDS 423 WITHDRAWAL 1,011 HBL REGISTRATION 149 HBL EXPENSES 62,220 MISC. EXPENSES 6,352 TOTAL 142,847
FORM 990-EZ, PART I, LINE 20INCREASE 12,607
FORM 990-EZ, PART IIITHE ORGANIZATION RAISES FUNDS TO SUPPORT COMMUNITY IMPACT PROGRAMS THAT FURTHER ITS MISSION TO EDUCATE, INSPIRE AND ENCOURAGE CHILDREN AND YOUNG ADULTS THROUGHOUT THE COMMONWEALTH OF KENTUCKY PRIMARILY THROUGH TRAINING AND TEAM COMPETITION IN THE SPORT OF BASKETBALL.
FORM 990-EZ, PART III, LINE 28HUSTLE BASKETBALL FEATURES PROGRAMS OF ALL LEVELS FROM DEVELOPMENTAL LEAGUES, TO INDIVIDUAL TRAININGS, TO AAU. THE HUSTLE BASKETBALL EXPERIENCE INCLUDES A STAFF OF PROFESSIONAL TRAINERS AND COACHES WHO ARE PASSIONATE ABOUT SEEING KIDS GROW AS PLAYERS AND PEOPLE. THE FOUNDATION PROVIDES A FUN, SAFE, AND MEMORABLE EXPERIENCE FOR ALL PARTIES INVOLVED. THE FOUNDATION BRINGS HIGH QUALITY PLAYERS AND TEAMS TOGETHER TO PLAY BASKETBALL, OFFERING AN ATMOSPHERE UNLIKE ANYTHING IN NKY. THE FOUNDATION IMPACT OVER 1,000 FAMILIES IN THE NKY AND CINCINNATI AREA EVERY YEAR.

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonTY SIMPSONPersonNm

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