Stma Boys Basketball Association
- Assets
- $50.7k
- Revenue
- $175.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albertville, MN
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-1764476
Organization Overview
Stma Boys Basketball Association is located in Albertville, MN. 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. Stma Boys Basketball Association 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 12/2022, Stma Boys Basketball Association generated $175.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $185.8k during the year ending 12/2022. While expenses have increased by 14.2% 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
PROMOTE THE AMATEUR SPORT OF BASKETBALL FOR OVER 150 BOYS GRADES 2-12. 40+ VOLUNTEER COACHES FACILITATE SKILLS AND COACH THESE KIDS/TEAMS IN OVER 500 GAMES PLAYED THROUGHOUT THE YEAR. THIS ORGANIZATION PROVIDES FUNDS FOR EQUIPMENT, UNIFORMS, AND COURT MAINTENANCE AS WELL AS MULTIPLE OPPORTUNITIES TO EXPERIENCE DIFFERENT LEVELS OF COMPETITION RANGING FROM LOCAL IN-HOUSE TOURNAMENTS TO STATE COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TOURNAMENT ENTRANCE FEES FOR LOCAL AND STATE COMPETITION FOR TRAVEL TEAMS GRADES 4-12 INCLUDES, CONDUCTING A MAJOR TOURNAMENT WITHIN OUR FACILITIES FOR GRADES 4 -12,TEACHING SPORTSMANSHIP AND COMPETITION.
PROVIDE UNIFORMS, EQUIPMENT, COACHING, REFEREES FOR 150 BOYS (GRADES 4-12) PLAYING OVER 500 GAMES THROUGHOUT THE YEAR ON 540 RENTED COURTS IN ISD 885. PROVIDE INCENTIVES FOR SKILLS LEARNED, AWARDS FOR PARTICIPATION AND TEAM WORK, CELEBRATING TEAM SUCCESS THRU TROPHIES, PRIZES, BANQUETS, AS WELL GIVING BACK TO THE COMMUNITY FOOD SHELVES AND OTHERS THROUGH SPECIAL EVENTS.
SCHOLARSHIPS AWARDED TO THREE RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Solum Tournament D | OfficerTrustee | 2.5 | $0 |
Jeremy Bottolfson Vice Preside | OfficerTrustee | 2.5 | $0 |
Spencer Beaulieu Treasurer | OfficerTrustee | 2.5 | $0 |
Jess Dorfsman Marketingcoo | Officer | 2.5 | $0 |
Stephen Jans President | Officer | 3 | $0 |
Travis Mason Travel Progr | Officer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,455 |
| 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 | $4,455 |
| Total Program Service Revenue | $163,629 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $857 |
| Grants and other assistance to domestic individuals. | $1,200 |
| 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 | $258 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80 |
| Advertising and promotion | $2,498 |
| Office expenses | $4,572 |
| Information technology | $2,500 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $4,338 |
| All other expenses | $45,582 |
| Total functional expenses | $185,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,715 |
| Savings and temporary cash investments | $20,030 |
| 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 | $50,745 |
| 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 | $50,745 |
| 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 | $50,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Minnesota Heat Hoops Inc Maple Grove, MN | $44,467 | $727,071 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Osseo Maple Grove Basketball Association Maple Grove, MN | $1,284,247 | $768,058 |
Wayzata Boys Basketball Association Plymouth, MN | $140,585 | $502,960 |
Central Minnesota Basketball Club Inc Sartell, MN | $56,235 | $442,197 |
Rochester Youth Baseball Association Inc Rochester, MN | $382,817 | $342,839 |
Farmington Youth Basketball Association Farmington, MN | $101,358 | $307,970 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Lakeville North Boys Basketball Association Lakeville, MN | $246,595 | $289,956 |
24up Inc New Berlin, WI | $173,156 | $373,384 |