Patriots Basketball Club
- Assets
- $87.3k
- Revenue
- $211.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 20-1107864
Organization Overview
Patriots Basketball Club is located in Omaha, NE. The organization was established in 2005. 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. Patriots Basketball Club 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, Patriots Basketball Club generated $211.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $192.8k during the year ending 06/2022. While expenses have increased by 18.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND MAINTAIN A HIGH LEVEL YOUTH BASKETBALL PROGRAM; TO HELP FOSTER GOOD COMMUNICATIONS AMONG PARENTS, STUDENTS AND CREATE A GREATER INTEREST IN THE MILLARD SOUTH HIGH SCHOOL BASKETBALL PROGRAM. THE CLUB IS FOR STUDENTS GRADE 3RD-12TH WHO HAVE THE INTENTIONS OF ATTENDING MILLARD SOUTH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION WAS ABLE TO PARTICIPATE IN VARIOUS BASKETBALL LEAGUES AND TOURNAMENTS THUS RAISING THE STUDENTS INTEREST IN THE MILLARD SOUTH HIGH SCHOOL BASKETBALL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roni Murphy Secretary | OfficerTrustee | $0 | |
Ben Murphy President | OfficerTrustee | $0 | |
Tim Leuschen Treasurer | OfficerTrustee | $0 | |
Matt Turner Vice-Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $195,302 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,438 |
| All other expenses | $8,241 |
| Total functional expenses | $192,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,279 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $87,279 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Yanders Law Springfield, MO | $182,701 | $285,827 |