Common Bond Basketball Club Inc
- Assets
- $40.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Ypsilanti, MI
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 38-3592393
Organization Overview
Common Bond Basketball Club Inc is located in Ypsilanti, MI. The organization was established in 2002. 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. Common Bond Basketball Club 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 12/2022, Common Bond Basketball Club Inc generated $152.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $187.6k during the year ending 12/2022. 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
WE PROVIDED APPROXIMATELY 250 YOUTHS IN THE AREA WITH ORGANIZED AND STRUCTERED BASKETBALL PROGRAMS TO PROVIDE FOR THEIR PHYSICAL, MENTAL AND EMOTIONAL DEVELOPMENT AND TO HELP THEM TO PARTICIPATE IN POSITIVE ACTIVITIES THAT DIRECT THEM AWAY FROM CONTRIBUTING TO JUVENILE DELINQUENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Durco Treasurer | 5 | $0 | |
Tyrone Hicks President | 40 | $42,250 | |
Doug Post Chairman | 5 | $0 | |
Steve Stout Director | 5 | $0 | |
Dennis Hill Director | 15 | $0 | |
Joshua Charles Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $28,476 |
| Membership dues | $66,671 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $53,941 |
| Other Revenue | $1,516 |
| Total Revenue | $152,136 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,773 |
| Professional fees and other payments to independent contractors | $2,998 |
| Occupancy, rent, utilities, and maintenance | $37,793 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $101,048 |
| Total expenses | $187,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,441 |
| Other assets | $0 |
| Total assets | $40,476 |
| Total liabilities | $86,153 |
| Net assets or fund balances | -$45,677 |