Swampscott Youth Basketball Association Inc
- Assets
- $29.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Swampscott, MA
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-0420314
Organization Overview
Swampscott Youth Basketball Association Inc is located in Swampscott, MA. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swampscott Youth 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, Swampscott Youth Basketball Association Inc generated $46.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $33.7k during the year ending 06/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION TEACHES THE FUNDAMENTALS OF BASKETBALL, SPORTSMANSHIP, TEAMWORK, DISCIPLINE AND HARD WORK AND COMPETITION TO CHILDREN IN 5TH THROUGH 8TH GRADES. THE PROGRAMIS OFFERED TO CHILDREN IN 3 NEIGHBORING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Cerrutti Pres & Director | 10 | $0 | |
Annie Pulsaki Director | 5 | $0 | |
Steve Rowe Treasurer & Dir | 10 | $0 | |
Robert Taylor Clerk&director | 10 | $0 | |
David Kimbro Director | 5 | $0 | |
Richard Raymond Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $46,392 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,392 |
| 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 | $7,340 |
| Occupancy, rent, utilities, and maintenance | $3,995 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $22,316 |
| Total expenses | $33,713 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,775 |
| Other assets | $0 |
| Total assets | $29,775 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,775 |
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