WICHITA, Kan. (AP) — The assets of the National Baseball Congress are expected to be formally transferred by Wichita to a new, nonprofit foundation.

The Wichita Eagle reports that city staff will ask the Wichita City Council, which owns the NBC’s annual tournament, to approve the transfer to the nonprofit NBC Baseball Foundation on Tuesday. The nonprofit group was incorporated last year by the city.

Council members are also expected to consider a resolution establishing the foundation’s board of directors, a nine-member board including seven community members and two members of the council.

The assets of the National Baseball Congress total about $16,000 to $18,000. The tournament itself has been valued at $1 million, the price paid when it was bought by the city in 2007 to keep the summer amateur event in Wichita.