South Knox Basketball Incorporated
- Assets
- $22.4k
- Revenue
- -$7.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Vincennes, IN
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-3994469
Organization Overview
South Knox Basketball Incorporated, operating under the name SKYBall, is located in Vincennes, IN. The organization was established in 2006. 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. SKYBall is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND OPERATE A BASKETBALL PROGRAM FOR THE SOUTH KNOX CORPORATION AND COMMUNITY. IN CONJUNCTION WITH SUCH PURPOSE, THE OBJECTIVE IS TO IMPLANT IN THE YOUTH OF OUR COMMUNITY IDEAS OF GOOD SPORTSMANSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, SOUTH KNOX YOUTH BASKETBALL DEVELOPED AND OPERATED SEVERAL LEAGUE EVENTS AND 2 TOURNAMENT EVENTS FOR THE YOUTH OF KNOX COUNTY AND SURROUNDING COUNTIES. THESE EVENTS INVOLVED OVER 900 CHILDREN AND WERE RUN BY OVER 100 VOLUNTEERS. THE RESULTS OF THESE EVENTS WAS THE RAISING OVER OVER $76,000 WHICH WILL GO TO THE CONTINUED FUNDING OF YOUTH BASKETBALL ACTIVITIES IN THE SOUTH KNOX COMMUNITY AND THE SOUTH KNOX SCHOOL CORPORATION. IN ADDITION, SKYBALL ALSO HAD THE FOLLOWING ACHIEVEMENTS WHICH ARE NOT MEASURABLE IN MONETARY FASHION, BUT ADDED VALUE TO OUR COMMUNITY AND PROVIDED FURTHER TO OUR CHARITABLE EXEMPT PURPOSE. LEAGUE PARTICIPATION REMAINED STRONG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Farris 3489 E. Trinity Rd, Vincennes In 47591 | Officer | 2 | $0 |
Dr William Thompson 1201 Main St. Monroe City, In 47557 | Officer | 2 | $0 |
Robert Marchino 11615 E. St Rd 550 Wheatland, In 47597 | Officer | 2 | $0 |
Donald Page 15695 Strawberry Hall Rd, Wheatland, In 47597 | Officer | 2 | $0 |
Heath Gardner 2080 S. Monroe City Rd, Monroe City, In 47557 | Officer | 2 | $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 | $0 |
| 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 | -$7,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$7,887 |
| 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 | $0 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,385 |
| 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 | $22,385 |
| 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 | $0 |
| 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 | $22,385 |
| Total liabilities and net assets/fund balances | $22,385 |