Philadelphia Youth Basketball Inc

Nonprofit profile at a glance

EIN
473758442
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2675199209
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Human Services

Official website

Reported finances

Revenue
$9,981,160
Expenses
$10,845,519
Assets
$41,157,146
Liabilities
$28,286,896

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • KENNETH HOLDSMAN (PRESIDENT & CEO)

Highest reported compensation

  • KENNETH HOLDSMAN (PRESIDENT & CEO): $341,196 total reported compensation
  • JAYSON TISCHLER (COO): $201,726 total reported compensation
  • AMEEN AKBAR (CHIEF MISSION OFFICER): $183,548 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Philadelphia youth basketball (pyb) is a community-built youth empowerment organization that leverages the iconic game of basketball to help today's urban youth overcome the most urgent and systemic issues facing underserved communities.built of, by, for, and with the communities it serves, pyb's unique equity-building model combines engaging group activities and sport & society modules with real-world life lessons from health and wellness to personal growth and leadership. This holistic approach to youth development hinges on the accessible, culturally credible coach-mentors at pyb, many of whom come from the same neighborhoods and circumstances as the young people we serve. Entrepreneurial and evidenced-based, pyb helps thousands of young people find their voice, value and visibility during their critical formative years, to bring about meaningful community change and lasting economic mobility.

What it reported doing in 2024

Workbased learning (wbl) opportunities are provided to high school students to intern with partner organizations for practical learning experiences, while receiving resources, training, and enrichment to develop as career-ready leaders.the i am because we are (iabwa) program is an anti-violence mentorship program that uses basketball to develop young people ages 13-18 into the next generation of leaders. Deeply rooted in the african philosophy of "ubuntu" in which our sense of self is shaped by our relationships with others, we combine off-court, social-emotional, identity development curriculum with on-court skill building and gameplay. Iabwa's coach-mentors use restorative strategies to build a thriving community and provide safe spaces for youthespecially those who have been impacted by gun violence and the justice system. Participants benefit from support in mitigating these traumatic environmental circumstances and welcome the program's empowering redirection in their lives.financial empowerment programs include financial literacy workshops and business plan development opportunities, including a "magic academy," which is a startup accelerator model for high school students with prize money.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 84
  • Accountability: 93
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.7%; rating input score 88
  • Program expense ratio: 79.5%; rating input score 80
  • Fundraising efficiency: $13.59 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 96%; rating input score 96; 26th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.7%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 3.79; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 34.7% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 26% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 35.6% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 87.7% of revenue deployed · 79.5% of spending went to programs
  • Governance: 24 of 25 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.6M in reported program spending
  • Leadership: top reported pay $341K · 34 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $244K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • High — Sustainability: Operating margin scored 15/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.