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.
Key facts about 5050 Foundation
- EIN
- 86-2202687
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $77,500
- Grants made (2024)
- 3
- Average grant
- $25,833
- Median grant
- $15,000
- Total assets
- $163,415
- Primary geography
- California (65% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who 5050 Foundation funds
By grant dollars, the top recipient states for 5050 Foundation's 3 itemized 2024 grants were California (65%), Indiana (19%) and Massachusetts (16%). 67% of grants with a stated purpose were for general or operating support.
Next steps with 5050 Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$163K
+323.9% YoY
Annual Giving
$78K
Grant Count
3
Avg Grant Size
$26K
About 5050 Foundation
Based on IRS filings
5050 Foundation is a nonprofit organization focused on Recreation & Sports, based in Nashville, TN. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 3 grants totaling $78K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $163,415 | $38,553 |
| Revenue | $397,842 | $149,408 |
| Expenses | $272,980 | $126,144 |
| Qualifying Distributions | — | — |
| Net Investment Income | — | — |
| Distributable Amount | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Los Angeles Dodgers Foundation ($50,000), JD Finish Line Youth Foundation Inc ($15,000), Fidelity Investments Charitable Gift Fund ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| LOS ANGELES DODGERS FOUNDATION Los Angeles, CA | SUPPORT FOR DREAMFIELD CONSTRUCTION | $50,000 |
| JD FINISH LINE YOUTH FOUNDATION INC Indianapolis, IN | GENERAL SUPPORT | $15,000 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND Boston, MA | GENERAL SUPPORT | $12,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mookie Betts | Founder | 1 | — |
| Brianna Betts | Co-Founder and President | 1 | — |
| Brandon McPhail | Vice President | 1 | — |
| Andrew Montgomery | Secretary | 1 | — |
| Cam Lewis | Chair Person | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 5050 Foundation?
5050 Foundation is a nonprofit organization focused on Recreation & Sports, based in Nashville, TN. It holds $163K in total assets as of 2024.
How large is 5050 Foundation?
As of 2024, 5050 Foundation holds $163K in total assets with $398K in annual revenue. It awarded 3 grants totaling $78K in 2024.
Where does 5050 Foundation operate?
5050 Foundation has awarded grants in California, Indiana, Massachusetts.
What size grants does 5050 Foundation award?
In 2024, 5050 Foundation awarded 3 grants totaling $78K — an average of about $26K per grant, based on its IRS Form 990 filings.
What is 5050 Foundation's EIN?
5050 Foundation's EIN (Employer Identification Number) is 86-2202687. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.