Norwood Basketball Association Inc
- Assets
- $30.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwood, MA
- Founding
- 05/1987
- Data as of
- 04/2022
- EIN
- 04-2943340
Organization Overview
Norwood Basketball Association Inc is located in Norwood, MA. The organization was established in 1987. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwood Basketball Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Norwood Basketball Association Inc generated $62.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $64.3k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDES AN IN-TOWN INTRAMURAL BASKETBALL PROGRAM SERVICING 700 CHILDREN IN KINDERGARTEN - EIGTH GRADE, AS WELL AS A TRAVEL PROGRAM SERVICING 200 CHILDREN IN GRADES FOUR - EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Bedard Director | 2 | $0 | |
William Galvin Director | 2 | $0 | |
Allan Becker President | 5 | $0 | |
Tony Earle Director | 2 | $0 | |
Brian Fitzsimmons Director | 2 | $0 | |
Tim Reen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $415 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,241 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,673 |
| Other Revenue | $0 |
| Total Revenue | $62,329 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,237 |
| Occupancy, rent, utilities, and maintenance | $8,435 |
| Printing, publications, postage, and shipping | $461 |
| Other expenses | $27,324 |
| Total expenses | $64,282 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,658 |
| Other assets | $0 |
| Total assets | $30,658 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,658 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norwood Basketball Association Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The@norwood Charitable Foundation Inc Norwood, MA PURPOSE: EXEMPT PURPOSE | $500 |
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