Lincoln-Way Xplosion Basketball Club is located in New Lenox, IL. The organization was established in 2008. 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. Lincoln-Way Xplosion 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 12/2021, Lincoln-Way Xplosion Basketball Club generated $189.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $186.3k during the year ending 12/2021. While expenses have increased by 9.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BASKETBALL CLUB SET UP PRIMARILY TO TEACH YOUNG ATHLETES THE FUNDAMENTALS OF THE GAME AS WELL AS PROVIDE OPPORTUNITIES FOR PLAYING TIME AGAINST SIMILAR CLUB TEAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Simard President | 0 | $0 | |
Amy Gugluizza Director | 0 | $0 | |
Tony Gugluizza Vice President / Treasurer | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $189,459 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $189,459 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $45,670 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $140,670 |
Total expenses | $186,340 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $79,806 |
Other assets | $0 |
Total assets | $79,806 |
Total liabilities | $0 |
Net assets or fund balances | $79,806 |
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