SoCal Hoops Basketball Academy Receives Official Letter of Determination for 501c3 Status
#46-4914047 For Tax Exempt Status for Donations and Grants
PORTER RANCH, Calif., Aug. 18, 2014 (GLOBE NEWSWIRE) -- SoCal Hoops Basketball Academy - A Return to the FUNDAMENTALS of the Game, today announced that the organization received full IRS tax exemption under section 501(c)3 of the Internal Revenue Code. Contributions made to the organization are deductible under section 170 of code. The organization is also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the code.
"We are officially classified as a public charity with 100% tax exempt status," said Randy Narciso, Founder and Head Coach of SoCal Hoops. "Many organizations claim to be non-profit but we actually received our determination letter from the IRS. We submitted our application and quickly received approval due to overall mission which is to provide an opportunity for youths in our community to to play basketball and use it as a platform for higher education. We've already received donation inquiries from several local businesses and will utilize the grants and donations to expand our organizational needs, training services, and scholarship opportunities."
"We are pleased to inform you that upon review of your application for tax exempt status we have determined that you are exempt from the Federal income tax under section 501(c)3 of the Internal Revenue Code," said Tamara Ripperda - Director Exempt Organizations IRS."
About SoCal Hoops - The mission of the SoCal Hoops Basketball Academy (SCHBA) is to provide an opportunity for players of all abilities and skill levels in Southern California to develop their basketball skills by properly learning the key basketball fundamentals. We are committed to developing student athletes’ individual skills, team play, and basketball IQ through our intense and competitive skills training sessions, player development activities and team programs. SCHBA promotes good sportsmanship and positive relationships among all coaches, referees, parents, players and their families.
#46-4914047 For Tax Exempt Status for Donations and Grants
PORTER RANCH, Calif., Aug. 18, 2014 (GLOBE NEWSWIRE) -- SoCal Hoops Basketball Academy - A Return to the FUNDAMENTALS of the Game, today announced that the organization received full IRS tax exemption under section 501(c)3 of the Internal Revenue Code. Contributions made to the organization are deductible under section 170 of code. The organization is also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the code.
"We are officially classified as a public charity with 100% tax exempt status," said Randy Narciso, Founder and Head Coach of SoCal Hoops. "Many organizations claim to be non-profit but we actually received our determination letter from the IRS. We submitted our application and quickly received approval due to overall mission which is to provide an opportunity for youths in our community to to play basketball and use it as a platform for higher education. We've already received donation inquiries from several local businesses and will utilize the grants and donations to expand our organizational needs, training services, and scholarship opportunities."
"We are pleased to inform you that upon review of your application for tax exempt status we have determined that you are exempt from the Federal income tax under section 501(c)3 of the Internal Revenue Code," said Tamara Ripperda - Director Exempt Organizations IRS."
About SoCal Hoops - The mission of the SoCal Hoops Basketball Academy (SCHBA) is to provide an opportunity for players of all abilities and skill levels in Southern California to develop their basketball skills by properly learning the key basketball fundamentals. We are committed to developing student athletes’ individual skills, team play, and basketball IQ through our intense and competitive skills training sessions, player development activities and team programs. SCHBA promotes good sportsmanship and positive relationships among all coaches, referees, parents, players and their families.
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