Civic Intelligence

The Brooklyn Nets & New York Liberty Foundation

990PF • Fiscal year 2019 • EIN 20-5370246

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Organization Profile
168 39th Street 7th FloorBrooklyn, NY 11232

(718) 942-9601

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.08x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • NTEE T22 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.10x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • NTEE T22 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

61%

Higher net margin than 81% of similar nonprofits.

2019 filings • NTEE T22 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE T22 • <$500k nonprofits • Source year 2019

Asset Growth

92nd percentile

103%

Faster asset growth than 92% of similar nonprofits.

2019 filings • NTEE T22 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

35%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • NTEE T22 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$74,644

Up $37,902 (+103%) from 2018

Net Assets

Up

$68,644

Up $37,902 (+123%) from 2018

Liabilities

Flat

$6,000

Flat from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin81st percentile

Revenue

Up

$61,808

Up $15,866 (+35%) from 2018

Expenses

Down

$23,906

Down $37,958 (-61%) from 2018

Net Income

Up

$37,902

Up $53,824 (+338%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $767,666Liabilities 2011: $20,1872011Assets 2012: $447,257Liabilities 2012: $13,2532012Assets 2013: $285,584Liabilities 2013: $52,7482013Assets 2014: $229,869Liabilities 2014: $7,4882014Assets 2015: $142,123Liabilities 2015: $0Net Assets 2015: $142,1232015Assets 2018: $36,742Liabilities 2018: $6,000Net Assets 2018: $30,7422018Assets 2019: $74,644Liabilities 2019: $6,000Net Assets 2019: $68,6442019Assets 2020: $58,713Liabilities 2020: $6,000Net Assets 2020: $52,7132020Assets 2021: $1,585,790Liabilities 2021: $126,043Net Assets 2021: $1,459,7472021Assets 2022: $1,033,593Liabilities 2022: $28,995Net Assets 2022: $1,004,5982022Assets 2023: $10,697Liabilities 2023: $6,515Net Assets 2023: $4,1822023Assets 2024: $595,793Liabilities 2024: $180,560Net Assets 2024: $415,2332024

Highlighted filing

2019

Assets$74,644
Liabilities$6,000
Net Assets$68,644
Open 2019 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $1,069,767Expenses 2011: $928,155Net Income 2011: $141,6122011Revenue 2012: $1,031,091Expenses 2012: $1,344,566Net Income 2012: -$313,4752012Revenue 2013: $169,458Expenses 2013: $370,626Net Income 2013: -$201,1682013Revenue 2014: $109,256Expenses 2014: $119,711Net Income 2014: -$10,4552014Revenue 2015: $98,564Expenses 2015: $178,822Net Income 2015: -$80,2582015Revenue 2018: $45,942Expenses 2018: $61,864Net Income 2018: -$15,9222018Revenue 2019: $61,808Expenses 2019: $23,906Net Income 2019: $37,9022019Revenue 2020: $22,740Expenses 2020: $38,671Net Income 2020: -$15,9312020Revenue 2021: $2,415,938Expenses 2021: $1,014,905Net Income 2021: $1,401,0332021Revenue 2022: $333,348Expenses 2022: $788,497Net Income 2022: -$455,1492022Revenue 2023: $154,452Expenses 2023: $1,154,868Net Income 2023: -$1,000,4162023Revenue 2024: $1,164,019Expenses 2024: $752,968Net Income 2024: $411,0512024

Highlighted filing

2019

Revenue$61,808
Expenses$23,906
Net Income$37,902
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.3
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRETT YORMARKDirector/President-$0--
EU-GENE SUNGChief Financial Officer-$0--
JEFFREY B GEWIRTZDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Nets Foundation Inc
EIN
20-5370246
In Care Of
% BROOKLYN BASKETBALL LLC
Phone
7189429601
Address
168 39TH STREET 7TH FLOOR, BROOKLYN, NY 11232

Signing Officer

Name
Jeffrey Gewirtz
Title
Director
Phone
7189429601
Signed
2020-07-15
Discuss with paid preparer
Yes

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Meredith Monroe
Phone
6464713000
Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd190044
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd210025
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt021000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt02362
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt02362
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt041445
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0106410
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt090650
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0161749
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0119350
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0119350
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0421798
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt021544
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt041445
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0106410
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt090650
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0161749
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02016
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02015
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02014
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt023906
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt021544
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0541148
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0519604
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0MISCELLANEOUS EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1CREDIT CARD FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2BACK TO SCHOOL SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt078
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt12328
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt078
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt12328
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2500
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY GEWIRTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07189429601
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NETS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NETS
ReturnHeader/Filer/EIN0205370246
ReturnHeader/Filer/InCareOfNm0% BROOKLYN BASKETBALL LLC
ReturnHeader/Filer/PhoneNum07189429601
ReturnHeader/Filer/USAddress/AddressLine1Txt0168 39TH STREET 7TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011232
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PricewaterhouseCoopers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 Madison Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum06464713000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEREDITH MONROE
ReturnHeader/ReturnTs02020-07-15T13:12:21-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,644
Liabilities
$6,000
Net assets
$68,644
Revenue
$61,808
Expenses
$23,906
Net income
$37,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.60$0.18$0.42$1.16$0.75$0.41
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.15$1.15$1.00
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.03$1.00$0.33$0.79$0.46
2021Detailed filing. Detailed filing data is available for this year.$1.59$0.13$1.46$2.42$1.01$1.40
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.02$0.04$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.07$0.06$0.02$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.03$0.05$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.10$0.18$0.08
2014Summary only. Only limited summary data is available for this year.$0.23$0.01$0.11$0.12$0.01
2013Summary only. Only limited summary data is available for this year.$0.29$0.05$0.17$0.37$0.20
2012Summary only. Only limited summary data is available for this year.$0.45$0.01$1.03$1.34$0.31
2011Summary only. Only limited summary data is available for this year.$0.77$0.02$1.07$0.93$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • NTEE T22 • <$500k nonprofits