Tennessee Heat Basketball
- Assets
- $90.1k
- Revenue
- $216.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Juliet, TN
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 26-3468925
Organization Overview
Tennessee Heat Basketball is located in Mount Juliet, TN. The organization was established in 2016. 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. Tennessee Heat Basketball 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, Tennessee Heat Basketball generated $216.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $201.9k during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BIBLICALLY FOCUSED COMPETITIVE SPORTS FOR HOME SCHOOLED MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER NINE TEAM SPORTS TO APPROXIMATELY 175 MIDDLE AND HIGH SCHOOL HOME SCHOOLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Scott Secretary | Officer | 1 | $4,400 |
Kristena Savley Treasurer | Officer | 5 | $1,875 |
Steve Herndon Chairman Of The Board | Officer | 1 | $0 |
Kacee Fausset Administrative Assistant | Trustee | 3 | $0 |
Rusty Catlin Board Member | Trustee | 1 | $0 |
Cortissa Scheiderich Board Member | Trustee | 1 | $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 | $55,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,729 |
| Total Program Service Revenue | $160,727 |
| Investment income | $27 |
| 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 | $216,483 |
| 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. | $6,275 |
| Compensation of current officers, directors, key employees. | $1,875 |
| 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 | $17,031 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,513 |
| Advertising and promotion | $7,077 |
| Office expenses | $1,303 |
| Information technology | $1,863 |
| Royalties | $0 |
| Occupancy | $41,416 |
| Travel | $525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,375 |
| All other expenses | $0 |
| Total functional expenses | $201,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49 |
| 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 | $90,108 |
| Accounts payable and accrued expenses | $15,091 |
| Grants payable | $0 |
| Deferred revenue | $4,236 |
| 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 | $19,327 |
| 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 | $70,781 |
| Total liabilities and net assets/fund balances | $90,108 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Heat Basketball has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: CHARITABLE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Empowered Workforce Association Hamilton, VA | $281,260 | $8,487,514 |
Kenneth A Hall And Patricia A Hall Charitable Foundation Norfolk, VA | $61,687,213 | $53,085,247 |
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Atlanta Basketball Host Committee Inc Atlanta, GA | $206,440 | $2,456,960 |
Womens Basketball Coaches Assoc Lilburn, GA | $4,492,393 | $3,129,044 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Fab44 Basketball Little Rock, AR | $330,408 | $643,978 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Atlanta Tip Off Club Inc Atlanta, GA | $927,333 | $681,924 |
Carolina Rise Indian Trail, NC | $28,581 | $518,712 |
Kentucky Cobras Inc Florence, KY | $27,896 | $450,667 |
Nova 94 Feet Inc Herndon, VA | $62,716 | $473,698 |