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NAISMITH MEMORIAL BASKETBALL HALL OF FAME

The birthplace of basketball - where the game never ends.

aka Basketball Hall of Fame   |   SPRINGFIELD, MA   |  http://www.hoophall.com/
GuideStar Charity Check

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

EIN: 04-6128892


Mission

Is an independent non-profit 501(c)(3) organization dedicated to promoting, preserving and celebrating the game of basketball at every level – men and women, amateur and professional players, coaches and contributors, both domestically and internationally. The Hall of Fame museum is home to more than 400 inductees and over 40,000 square feet of basketball history. Best known for its annual marquee Enshrinement Ceremony honoring the game’s elite, the Hall of Fame also operates over 70 high school and collegiate competitions annually throughout the country and abroad.

Ruling year info

1959

President & CEO

Mr. John L Doleva

Main address

1000 HALL OF FAME AVENUE

SPRINGFIELD, MA 01105 USA

Show more contact info

EIN

04-6128892

Subject area info

History museums

Sport and hobby museums

Philanthropy

Basketball

Population served info

Children and youth

Adults

NTEE code info

History Museums (A54)

Basketball (N62)

Fund Raising and/or Fund Distribution (T12)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Preservation of Memorabilia

The Hall of Fame is responsible for acquiring, preserving and maintaining some of the sports most iconic items. Located in Springfield Mass, our museum has more than 40,000 sq dedicated to sharing the story of basketball. Utilizing these pieces, we create interactive exhibits that teach and inspire the fundamentals Dr. Naismith considered the core values of the sport: Teamwork, Sportsmanship, Physical Fitness, Leadership, and Integrity.

Population(s) Served
Adults
Children and youth

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Naismith Memorial Basketball Hall of Fame will be recognized throughout the world as the premier institution entrusted with recording and disseminating the history of the game of basketball and recognizing and honoring the achievements of its greatest players, coaches, and contributors.

The Hall of Fame will provide an entertaining and enriching experience and will be known for educational and outreach programs that celebrate and promote the positive core values demonstrated by basketball's foremost heroes.

The Hall of Fame will achieve this vision by:

Operating the world's finest sports museums where the game was invented, in Springfield, Massachusetts, and where the history of the game comes alive.

Developing a widely accessible educational program that addresses the positive societal impact of the game and provides inspiration to young people globally.

Engaging in outreach throughout the United States and beyond via travelling exhibits and special events.

Assuring worldwide access to the resources of the HOF through the Internet.

Recognizing basketball excellence through a Hall of Fame selection process that will be based upon the highest level of integrity.

Fostering respectful and reverential treatment of all elected Hall of Famers.

Celebrating the contemporary game and its evolving impact on basketball's future.

Over the past fourteen years, we have transformed into a truly appropriate representation of a great game of basketball through an aggressive platform of event outreach and community engagement, all while maintaining a vibrant museum experience. We continue to strive to reach a global audience by improving our social media, online offerings, and international events.

Financials

NAISMITH MEMORIAL BASKETBALL HALL OF FAME
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

0.92

Average of 0.64 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990

8.1

Average of 4.1 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

12%

Average of 13% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of NAISMITH MEMORIAL BASKETBALL HALL OF FAME’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation -$699,744 $3,516,130 $6,814,870 $4,521,494 $11,636,069
As % of expenses -7.0% 31.8% 60.1% 68.4% 94.3%
Unrestricted surplus (deficit) after depreciation -$990,426 $2,993,433 $5,976,964 $3,039,558 $9,960,550
As % of expenses -9.6% 25.9% 49.1% 37.6% 71.0%
Revenue composition info
Total revenue (unrestricted & restricted) $12,873,278 $20,171,381 $11,370,806 $5,379,532 $20,131,869
Total revenue, % change over prior year -13.5% 56.7% -43.6% -52.7% 274.2%
Program services revenue 51.9% 35.3% 67.7% 37.4% 47.5%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.3% 0.5% 0.4% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 31.3%
All other grants and contributions 44.8% 57.9% 24.1% 55.4% 12.3%
Other revenue 3.1% 6.5% 7.7% 6.8% 8.9%
Expense composition info
Total expenses before depreciation $9,998,996 $11,043,691 $11,345,489 $6,606,709 $12,345,243
Total expenses, % change over prior year 2.1% 10.4% 2.7% -41.8% 86.9%
Personnel 31.7% 28.8% 28.2% 44.1% 23.9%
Professional fees 7.6% 3.8% 4.0% 8.1% 34.4%
Occupancy 8.2% 8.2% 8.0% 11.8% 11.5%
Interest 3.0% 0.8% 1.0% 0.7% 3.2%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 49.5% 58.3% 58.8% 35.3% 27.1%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $10,289,678 $11,566,388 $12,183,395 $8,088,645 $14,020,762
One month of savings $833,250 $920,308 $945,457 $550,559 $1,028,770
Debt principal payment $3,753,020 $240,292 $0 $0 $2,733,312
Fixed asset additions $449,005 $4,626,747 $10,122,816 $6,136,137 $0
Total full costs (estimated) $15,324,953 $17,353,735 $23,251,668 $14,775,341 $17,782,844

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 8.3 4.6 3.2 2.9 8.1
Months of cash and investments 9.4 6.3 3.8 3.7 8.6
Months of estimated liquid unrestricted net assets 0.5 -1.0 -3.0 0.6 8.5
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $6,905,814 $4,225,575 $2,992,838 $1,573,650 $8,363,418
Investments $938,926 $1,542,737 $641,057 $486,211 $534,546
Receivables $5,620,795 $12,086,433 $9,683,649 $6,719,517 $6,358,405
Gross land, buildings, equipment (LBE) $12,667,940 $17,260,872 $27,365,987 $33,482,724 $33,996,073
Accumulated depreciation (as a % of LBE) 58.7% 45.9% 32.0% 30.5% 35.0%
Liabilities (as a % of assets) 25.2% 17.9% 33.4% 42.1% 33.8%
Unrestricted net assets $3,050,616 $6,044,049 $12,021,013 $15,060,571 $25,021,121
Temporarily restricted net assets $11,771,637 $17,421,661 N/A N/A N/A
Permanently restricted net assets $155,000 $155,000 N/A N/A N/A
Total restricted net assets $11,926,637 $17,576,661 $10,259,616 $4,153,214 $0
Total net assets $14,977,253 $23,620,710 $22,280,629 $19,213,785 $25,021,121

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

Mr. John L Doleva

Mr. Doleva joined the Basketball Hall of Fame in 1999 as VP of Marketing with an extensive background in Sports Marketing. He was promoted to COO in 2000 and President & CEO in 2001. Under his leadership, the Basketball Hall of Fame opened a 50,000/sf museum in 2002 and greatly enhanced it global presence with premium outreach activities including events, tournaments, and marketing partnerships at all levels of the game. He is responsible for the day-to-day management of the Hall of Fame as well as the strategic planning and implementation of growth objectives. The Hall of fame has just completed a $30 million Capital campaign and is undergoing a nearly $20 million renovation to be completed in May 2020. Prior to joining the Hall of Fame, Mr. Doleva served as VP and GM of the Sporting Goods Group for Spalding Sports Worldwide.

Number of employees

Source: IRS Form 990

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

NAISMITH MEMORIAL BASKETBALL HALL OF FAME

Board of directors
as of 05/31/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Jerry Colangelo


Board co-chair

Mr. Ulysses "Junior" Bridgeman

David Beckerman

Kathy Behrens

Sherman Brown

Frank Colaccino

Jim Davidson

Sherrie Deans

David Denenberg

Dan Gavitt

Robin Harris

Grant Hill

Mannie Jackson

William Koenig

Nancy Lieberman

Jim Puhala

George Ravelling

Byron Spruell

Mark Tatum

Jim Taubenfeld

James Vinick

Elaine Wynn

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 7/30/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.