SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
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OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
PHILADELPHIA YOUTH BASKETBALL INC
 
Employer identification number

47-3758442
Return Reference Explanation
FORM 990, PART III, LINE 2 IN THE 2022 FISCAL YEAR, PYB CLOSED ON FINANCING TO BUILD AND BEGAN CONSTRUCTION ON THE "SIXTH MAN" CENTER, A BASKETBALL-FOCUSED COMMUNITY CENTER LOCATED AT 4250 WISSAHICKON AVENUE IN PHILADELPHIA. PYB DID NOT MATERIALLY CHANGE ITS PROGRAM OFFERINGS, BUT THE ORGANIZATION ALLOCATED SIGNIFICANT RESOURCES TO THE "SIXTH MAN" CENTER. CONSTRUCTION IS EXPECTED TO BE COMPLETE IN OR AROUND DECEMBER 2023.
FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED, AFTER IT HAS BEEN REVIEWED BY THE PRESIDENT AND FINANCE COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTAND THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A BOARD-APPROVED POLICY FOR DETERMINING THE COMPENSATION OF THE CEO. LED BY THE BOARD CHAIR, TREASURER, AND PERSONNEL COMMITTEE AN ANNUAL PERFORMANCE REVIEW OF THE CEO IS COMPLETED. AT THEIR DISCRETION, THEY MAY ASK OTHER MEMBERS OF THE BOARD OF DIRECTORS TO BE INVOLVED FORMALLY OR INFORMALLY IN THE EVALUATION PROCESS. THEY MAY ALSO ELECT TO OBTAIN BENCHMARKING RESEARCH AND INFORMATION TO INFORM THE COMPENSATION. FINALLY, THEY MAY ASK THE CHIEF EXECUTIVE OFFICER TO COMPLETE AND SUBMIT A WRITTEN SELF-ASSESSMENT. THE BOARD CHAIR IS RESPONSIBLE FOR COMMUNICATING THE CHIEF EXECUTIVE OFFICERS' COMPENSATION AND ANY ONGOING ADJUSTMENTS IN A TIMELY AND REASONABLE MANNER.
FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THEY CAN ALSO BE FOUND ON GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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