Wakefield Basketball Association Inc
- Assets
- $282.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 10/1990
- Data as of
- 06/2022
- EIN
- 04-3071465
Organization Overview
Wakefield Basketball Association Inc is located in Wakefield, MA. The organization was established in 1990. According to its NTEE Classification (N62) the organization is classified as: Basketball, 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. Wakefield 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 06/2022, Wakefield Basketball Association Inc generated $114.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $113.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
COMMUNITY YOUTH BASKETBALL LEAGUE ORGANIZED FOR CHILDREN GRADES 1 THROUGH 8 & THOSE PHYSICALLY DISABLED UTILIZING INTRAMURAL AND TRAVEL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cinelli Treasurer | 10 | $0 | |
John Walsh Director | 5 | $0 | |
Sean O'brien Director | 5 | $0 | |
Christine Tortolano Director | 5 | $0 | |
Nate Wilcox Vice President | 5 | $0 | |
Michael Labieniec Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $113,329 |
| Membership dues | $0 |
| Investment income | $629 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $394 |
| Other Revenue | $0 |
| Total Revenue | $114,352 |
| 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 | $850 |
| Occupancy, rent, utilities, and maintenance | $345 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $111,951 |
| Total expenses | $113,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $277,479 |
| Other assets | $0 |
| Total assets | $282,207 |
| Total liabilities | $0 |
| Net assets or fund balances | $282,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Shooting Touch Hyde Park, MA | $603,933 | $1,175,352 |
Amateur Athletic Union Of The United States Meriden, CT | $77,652 | $760,443 |
Coaching For Change Inc Taunton, MA | $1,018,552 | $1,148,634 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Fundamental Hoops Inc North Andover, MA | $33,088 | $499,058 |
Ridgefield Basketball Association Inc Ridgefield, CT | $117,228 | $445,659 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |
Mvp Basketball Camps Inc White Plains, NY | $162,806 | $376,016 |
Holcombe Rucker Community League Inc New York, NY | $577,066 | $46,158 |
Palisades Elite Stony Point, NY | $0 | $319,459 |