413 Elite Foundation Corp

Overview

413 Elite Foundation Corp is a nonprofit organization recognized for charitable purposes under U.S. tax laws and is headquartered in Springfield, Massachusetts. The organization is classified under the National Taxonomy of Exempt Entities (NTEE) category of Recreation, Sports, Leisure, Athletics, with a focus on basketball.

Objectives and Programs

While specific details on the foundation's programs and objectives are not detailed, its connection to the 413 Elite basketball team suggests an involvement in promoting basketball and sports-related activities in the community. The 413 Elite basketball team is a member of the American Basketball Association (ABA) and aims to provide professional basketball in a friendly and safe environment, fostering sports in Springfield and surrounding areas.

Financial Information

In its most recent available fiscal year ending in December 2022, the foundation reported receiving contributions totaling $4,334, which comprised 100% of its revenue. The organization did not generate any income from program services, investments, fundraising, sales, or other activities. It reported total assets of $10 and no liabilities. The foundation's leadership includes Charles T. Evans as President, Melanie Y. Evans as Clerk, and Necole Evans as a Director, with none receiving compensation or other benefits[1].

Tax Deductibility

Donations to 413 Elite Foundation Corp are tax-deductible, reflecting its status as a qualified charitable organization under Section 501(c) of the U.S. tax code.

Connection to 413 Elite Basketball

The organization is linked to the 413 Elite basketball club, which was established in 2021. Charles Evans, also the founder and owner of the 413 Elite team, has a background in professional basketball, having played in various leagues including overseas. The club's goals align with promoting basketball in Springfield, known as the birthplace of basketball, and engaging the local community through sports[2].