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.
Reported officers (all unpaid)
No paid executives reported in 2024. 5050 FOUNDATION reported 5 unpaid officers and board members on its 990.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Revenue and expenses over time
5050 FOUNDATION reported revenue and expenses across 2 filing years.
What Recreation & Sports executives earn in Tennessee
5050 FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable recreation & sports organization in Tennessee earns a median of $40,000.
These are recreation & sports sector-wide figures, not this organization's reported pay. Based on 119 organizations across 119 filings (2022 – 2024).
See full Recreation & Sports pay data for Tennessee →Common questions about 5050 FOUNDATION
What are 5050 FOUNDATION's revenue and expenses?
In 2024, 5050 FOUNDATION reported $398k in total revenue and $273k in total expenses on its IRS Form 990.
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