2013-05-15T13:06:38-05:00 2012-09-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2011-10-01 061560942 National Association of Basketball Coaches Foundation Inc % JIM HANEY NATI 8168786222 1111 Main Street Kansas City MO 64105 JIM HANEY 2013-05-15 true Michael J Engle 8162216300 2011 2016-02-24 21:20:13Z JIM HANEY 1111 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 2406557 false X www.nabcfoundation.org X 1999 MO THE NATIONAL ASSOCIATION OF BASKETBALL COACHES FOUNDATION, INC. WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE & EDUCATIONAL PURPOSES TO FURTHER THE GAME OF BASKETBALL AND ENCOURAGE MIDDLE SCHOOL YOUTH TO READ. 28 28 26 0 12993 -429 3324702 793329 594122 655190 9338 6780 -250647 931741 3677515 2387040 1592356 168091 0 0 750666 872853 78000 0 105921 1864497 1805709 4285519 2846653 -608004 -459613 13521770 12810715 2371126 2119984 11150644 10690731 X SEE SCHEDULE O false true 2112434 200 1583956 THE COLLEGE BASKETBALL EXPERIENCE TM (CBE) IS A STATE-OF-THE-ART EXPERIENTIAL FACILITY LOCATED IN DOWNTOWN, KANSAS CITY, MISSOURI. IT WAS BUILT TO CELEBRATE THE GAME OF MEN'S COLLEGIATE BASKETBALL AT A HIGH LEVEL. THE CBE, WHICH OPENED IN OCTOBER 2007, IS ALSO THE HOME OF THE NATIONAL COLLEGIATE BASKETBALL HALL OF FAME. INCLUDED AMONG THE MANY VENUES AT THE CBE ARE VARIOUS INTERACTIVE TESTS OF BASKETBALL SKILLS, ALL SIMULATING THE SIGHTS AND SOUNDS OF REAL COLLEGE BASKETBALL GAME. THE RICH HISTORY AND TRADITIONS OF MEN'S COLLEGE BASKETBALL, INCLUDING THE VALUES IMPARTED IN AND LIFE-CHANGING IMPACT OF COACHING AND PLAYING THE GAME, ARE PORTRAYED THROUGHOUT THE FACILITY. 330116 167891 THE TTRR (TICKET TO READING REWARDS) SM PROGRAM, FOUNDED IN 2002, IS A READING INCENTIVE PROGRAM THAT ENCOURAGES MIDDLE SCHOOL STUDENTS TO READ BOOKS OUTSIDE THE CLASSROOM AND OBTAIN REWARDS FOR READING. THE PROGRAM HAS THREE PRIMARY COMPONENTS: READING REWARDS, TICKETS TO LOCAL COLLEGE BASKETBALL GAMES AND A COACHING COMPONENT FOR MIDDLE SCHOOL COACHES TO BOTH LEARN NEW TECHNIQUES AND TO ACT AS MENTORS FOR THE READING PROGRAM. 2442550 true true false false false false false false false true true false false false false true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 32 0 true 26 true true true false false false false true true false false false false X 28 28 false false false false false true true true true false false true true true true true true true false false X JIM HANEY 8168786222 1111 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 DR JAMES L CASH PHD 0.25 X JOHN FINNEGAN 0.25 X TOM FOLLIARD 0.25 X 800 STEVE GAFFNEY 0.25 X 800 BOB GREEN 0.25 X BILL HALL 0.25 X JOHN HARRIS 0.25 X DENNY HOLMAN 0.25 X 800 MICHAEL JACKSON 0.25 X JIM MCDONALD 0.25 X JOHN W ROGERS JR 0.25 X 800 TEMPLE SLOAN III 0.25 X TOM STEMBERG 0.25 X 1840 WILLIAM D WAGNER 0.25 X 800 TOMMY AMAKER 0.25 X JIM BOEHEIM 0.25 X MIKE JARVIS 0.25 X TOM IZZO 0.25 X GENE KEADY 0.25 X OLIVER PURNELL 0.25 X BILL SELF 0.25 X TUBBY SMITH 0.25 X ROY WILLIAMS 0.25 X BOB KNIGHT 0.25 X DEAN SMITH 0.25 X JOHN THOMPSON 0.25 X MIKE KRZYZEWSKI 0.25 X X JIM HANEY 5.0 X ANDREW BURCZYK 0.25 X 800 KEVIN HENDERSON 40.0 X 150959 0 37043 157599 0 37043 1 false true false ED DORRIS MANAGEMENT - TTRR 212000 1 793329 5690 793329 COLLEGE BASKETBALL EXPERIENCE 711210 655190 655190 655190 10466 10466 0 918748 918748 200 3886 -3686 -3686 -3686 0 0 28624 15631 12993 12993 0 2387040 1573938 12993 6780 200 200 167891 167891 0 0 162818 146536 16282 0 491824 424587 61237 6000 50269 40890 9379 116863 110125 6738 51079 45054 5485 540 212000 120000 80000 12000 66607 66607 34589 7200 20189 7200 0 0 0 25986 25986 49046 45467 3579 21433 21375 58 0 0 189794 169794 20000 19362 5384 3900 10078 0 2517 2517 109147 109147 0 466584 466584 44184 27347 16837 HALL OF FAME INDUCTION 256764 256764 BAD DEBT EXPENSE 125000 75000 50000 . . 182696 177219 5374 103 2846653 2442550 298182 105921 800 800 667398 607618 578621 410000 98121 17776 0 0 0 0 0 0 112408 90465 51473 69434 13340789 2140215 11531959 11200574 20444 0 0 0 0 0 0 0 460546 414048 13521770 12810715 120037 107383 0 0 125671 124651 0 0 0 0 0 0 2125418 1887950 0 0 0 0 2371126 2119984 X 10555097 10272231 595547 418500 0 0 11150644 10690731 13521770 12810715 X -459613 -300 X false true true X false X 924056 2246367 3369975 3324127 793329 10657854 924056 2246367 3369975 3324127 793329 10657854 4923598 5734256 34675 66624 47615 55160 929214 1133288 0 0 0 525 0 525 11791667 3489805 0.48630 0.42975 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405176 -4876 400300 400001 5175 405176 405725 -5724 400001 400751 4974 405725 1.00000 false false 12616272 1787894 10828378 724517 352321 372196 11200574 0 0 2387040 2846653 -459613 2720 2720 -456893 2405391 2720 15631 18351 2387040 2387040 2862284 15631 15631 2846653 2846653 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE BOARD HAS DESIGNATED FUNDS TO BE SET ASIDE TO FUND FUTURE OPERATION AND CAPITAL NEEDS. UNCERTAIN TAX POSITIONS DISCLOSURE SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 2D HS COGS; NET WITH HS REVENUES $ 15,631 RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XIII, LINE 2D HS COGS; NET WITH HS REVENUES $ 15,631 true AWARDS TO PROGRAM PARTICIPANTS 143000 167891 FMV SEE PART IV BELOW PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART 1, LINE 2 THE USE OF GRANT FUNDS BY THE ORGANIZATION IS BASED UPON A BOARD-APPROVED BUDGET. THE ORGANIZATION SUBMITS PURCHASE ORDERS FOR THE AWARDS TO A THIRD-PARTY DISTRIBUTOR. THE DISTRIBUTOR ORDERS THE AWARDS AND MAINTAINS THEM IN INVENTORY UNTIL THEY ARE READY TO BE DISTRIBUTED. THE ORGANIZATION MONITORS THE USE OF THE GRANT FUNDS MONTHLY THROUGH FINANCIAL ANALYSIS AND MONITORING OF THE AVAILABLE CASH FLOW. THE DISTRIBUTOR SUBMITS AN INVOICE FOR THE AMOUNT OF THE AWARDS PURCHASED AS WELL AS THE FULFILLMENT AND SHIPPING COSTS. THE INVOICES ARE MATCHED TO PURCHASE ORDERS AND APPROVED BY THE PROGRAM MANAGER. INVOICES ARE PAID ON A MONTHLY BASIS. DESCRIPTION OF NON-CASH ASSISTANCE SCHEDULE I, PART III, LINE 1 (F) WATER BOTTLES, CLOCKS, T-SHIRTS, & WATCHES X X X false false false true false false false false false KEVIN HENDERSON 137959 0 13000 0 0 0 15669 0 21374 0 188002 0 0 0 COMPENSATION CONTINGENT ON REVENUE SCHEDULE J, PART 1, LINE 5B A commission incentive payment program began in FY 2011 for certain employees. The commissions are based on accomplishments of key revenue goals. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 THE NATIONAL ASSOCIATION OF BASKETBALL COACHES FOUNDATION, INC., INCORPORATED IN DELAWARE ON OCTOBER 26, 1999, WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE NABC FOUNDATION IS THE FOUNDER AND OPERATOR OF THE COLLEGE BASKETBALL EXPERIENCE, TTRR (TICKETS TO READING REWARDS) sm AND THE NABC FOUNDATION COURT OF HONOR GALA. THE COLLEGE BASKETBALL EXPERIENCE TM (CBE) IS A STATE-OF-THE-ART EXPERIENTIAL FACILITY LOCATED IN DOWNTOWN, KANSAS CITY, MISSOURI. IT WAS BUILT TO CELEBRATE THE GAME OF MEN'S COLLEGIATE BASKETBALL AT A HIGH LEVEL. THE CBE IS ALSO THE HOME OF THE NATIONAL COLLEGIATE BASKETBALL HALL OF FAME. THE TTRR (TICKET TO READING REWARDS) SM PROGRAM IS READING INCENTIVE PROGRAM THAT ENCOURAGES MIDDLE SCHOOL STUDENTS TO READ BOOKS OUTSIDE THE CLASSROOM AND OBTAIN REWARDS FOR READING. THE PROGRAM HAS THREE PRIMARY COMPONETS: READING REWARDS, TICKETS TO LOCAL COLLEGE BASKETBALL GAMES AND A COACHING COMPONENT FOR MIDDLE SCHOOL COACHES TO BOTH LEARN NEW TECHNIQUES AND TO ACT AS MENTORS FOR THE READING PROGRAM. THE NABC FOUNDATION COURT OF HONOR GALA (GALA) WAS DEVELOPED TO BRING RECOGNITION TO AN INDIVIDUAL AND THE GAME OF BASKETBALL WHILE RAISING FOUNDATION AWARENESS AND IMPORTANT FINANCIAL SUPPORT TO THE NABC FOUNDATION AND ITS PROGRAMS. DURING THE GALA, GUESTS JOIN THE BASKETBALL COMMUNITY TO PRESENT THE COURT OF HONOR AWARD. THE AWARD IS PRESENTED TO AN INDIVIDUAL, BUSINESSMAN, EDUCATOR, ETC. WHO HAS ROOTS IN COLLEGE BASKETBALL, VALUES THOSE ROOTS IN THE GAME AND HAS GONE ON TO DISTINGUISH HIMSELF IN HIS PROFESSION, EXHIBITING THE HIGHEST STANDARDS OF LEADERSHIP. SIGNIFICANT CHANGES FORM 990, PART III, LINE 3 The NABC Foundation entered into a license agreement with the National Association of Basketball Coaches ("NABC") on March 31, 2012. In this agreement, the NABC Foundation granted the NABC, as an intermediary, the exclusive right to license certain Foundation marks and to grant certain sponsorship rights to a third-party ("the Licensee"). The Foundation maintains its ownership of all right, title, interest in and to the Foundation's licensed marks. This license agreement will terminate August 31, 2024 subject to earlier termination under certain circumstances. The Foundation will receive a fixed royalty of approximately $800,000 per year as a result of this Agreement. Although the Foundation's sponsorship revenue will decline, the Foundation royalties will increase. Under this Agreement, these royalties will increase 2% annually throughout the life of the agreement. For the year ended September 30, 2012, the NABC Foundation received royalties from the NABC of $988,475 but only recognized $858,475 since the remaining $130,000 was recognized in a prior year. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BY-LAWS INDICATE THAT THE BOARD OF DIRECTORS SHALL BE COMPRISED OF TWO CLASSES OF DIRECTORS, CLASS A AND CLASS B. THE CLASS A DIRECTORS CONSIST OF UP TO ELEVEN PERSONS WHO ARE ELECTED BY MEMBERS OF THE EXECUTIVE COMMITTEE OF THE NATIONAL ASSOCIATION OF BASKETBALL COACHES (NABC), A KANSAS NOT-FOR-PROFIT CORPORATION. THE CLASS A DIRECTORS MUST BE ACTIVE OR FORMER COACHES AND MEMBERS OF THE NABC. FORM 990, PART VI, SECTIONS A, LINE 7B THE FOUNDATION'S BY-LAWS INDICATED THAT DECISIONS INVOLVING THE ELECTION OF CLASS A DIRECTORS MUST BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE NABC. SEE ABOVE. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PREPARED BY THE FOUNDATION'S STAFF AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT THE ANNUAL SPRING MEETING. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE FORM 990. THE EXECUTIVE COMMITTEE REPORTS TO THE FULL BOARD OF DIRECTORS, WHO HAVE RECEIVED A COPY OF THE FORM 990, THAT SUCH ACTION WAS TAKEN. THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS DOCUMENT THE APPROVAL IN THEIR RESPECTIVE MINUTES. SUBSEQUENT TO THE EXECUTIVE COMMITTEE APPROVAL, MANAGEMENT FILES THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION CONDUCTS PERIODIC REVIEWS FOR MONITORING PROPOSED AND ONGOING TRANSACTIONS OF CONFLICT OF INTEREST. THE FOUNDATION REQUIRES THAT EACH DIRECTOR AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWER SIGN AN ANNUAL STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; HAVE READ AND UNDERSTAND THE POLICY; HAVE AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE FOUNDATION IS TAX-EXEMPT AND MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ITS TAX-EXEMPT PURPOSE. THE COMMITTEE WITH GOVERING BOARD DELEGATED POWER DETERMINES WHETHER A CONFLICT OF INTEREST HAS OCCURED BASED ON THE DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS OF AN INTEREST PERSON. THIS COMMITTEE REVIEWS ALL COMPENSATION ARRANGEMENTS AND BENEFITS TO DETERMINE IF THEY ARE REASONABLE. THE FOUNDATION'S POLICY COVERS ALL INTERESTED PERSONS WHO ARE DEFINED AS ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERING BOARD DELEGATED POWERS WHO HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST IN THE FOUNDATION. THE COMMITTEE WILL ALSO REVIEW ACTUAL CONFLICTS OF INTEREST. IN THE EVENT OF A CONFLICT OF INTEREST, THE COMMITTEE WILL DETERMINE IF ANY RESTRICTIONS SHOULD BE IMPOSED ON THE INTERESTED PERSON. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION'S EXECUTIVE COMMITTEE PERFORMS A REVIEW OF ALL THE COMPENSATION OF THE TOP MANAGERIAL OFFICIAL AS WELL AS KEY EMPLOYEES. THIS REVIEW IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION HAS A PUBLIC INSPECTION POLICY. THIS POLICY STATES THAT ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FOR REVIEW DURING THE REGULAR BUSINESS HOURS AT 1111 MAIN STREET, SUITE 1000, KANSAS CITY, MO 64105. ANY REQUEST FOR SUCH FILINGS WILL BE FULFILLED WITHOUT CHARGE EXCEPT FOR THE COST TO REPRODUCE AND MAIL THE FILING. ALL REQUESTS MUST BE MADE IN PERSON OR IN WRITING. IF THE REQUEST IS MADE IN PERSON, THE COPIES SHALL BE PROVIDED IMMEDIATELY. FOR ANY WRITTEN REQUESTS, THE NABC SHALL PROVIDED FILINGS WITHIN 30 DAYS OF THE REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 TO ADJUST BEGINNING NET ASSETS FOR CUMULATIVE UNREALIZED LOSS $(300)