Colchester Youth Basketball League Inc
- Assets
- $50.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colchester, CT
- Founding
- 06/2011
- Data as of
- 06/2024
- EIN
- 27-3660061
Organization Overview
Colchester Youth Basketball League Inc is located in Colchester, CT. The organization was established in 2011. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, 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. Colchester Youth Basketball League 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 06/2024, Colchester Youth Basketball League Inc generated $65.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $56.8k during the year ending 06/2024. While expenses have increased by 1.5% 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
2024
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVE OF THIS ORGANIZATION, TO THE BEST OF ITS ABILITY, PROVIDE THE YOUTH OF COLCHESTER THE OPPORTUNITY TO LEARN AND PLAY BASKETBALL IN A POSITIVE ENVIRONMENT. THIS DEVELOPMENT OBJECTIVE INCLUDES, BUT IS NOT LIMITED TO, TEAMWORK, SPORTSMANSHIP, RULES OF BASKETBALL, BASKETBALL SKILLS; AND THE POSITIVE EXPERIENCE OF COMPETITION. PARTICIPATION MAY BE BOTH INTRA-TOWN AND INTER-TOWN. THE PROGRAM SERVED 324 RECREATIONAL PLAYERS AND 80 TRAVEL PLAYERS DURING THE BASKETBALL SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Beeler President | 5 | $0 | |
Open Position Vice President | 1 | $0 | |
Open Position Secretary | 2 | $0 | |
Kimberly Radachy Treasurer | 2 | $0 | |
Robert D'atri Registrar | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $450 |
| Total Program Service Revenue | $60,588 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,422 |
| Other Revenue | $399 |
| Total Revenue | $65,859 |
| 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 | $2,107 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13 |
| Other expenses | $53,718 |
| Total expenses | $56,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,789 |
| Other assets | $0 |
| Total assets | $50,789 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,789 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Mets Foundation Inc Flushing, NY | $0 | $41,867 |
National Intercollegiate Lacrosse Officials Assn Inc Topsfield, MA | $37,201 | $0 |
Pop Warner Little Scholars Inc New Fairfield, CT | $1,530 | $0 |
Colchester Youth Basketball League Inc Colchester, CT | $50,789 | $0 |
Warwick Youth Lacrosse Club Inc Warwick, NY | $15,543 | $0 |
Corinthian Sailing Foundation Inc Marblehead, MA | $50,097 | $0 |
Nwhl Foundation Inc Brooklyn, NY | $5,838 | $0 |