Mankato Basketball Association Inc
- Assets
- $76.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Mankato, MN
- Founding
- 11/1991
- Data as of
- 05/2024
- EIN
- 41-1704584
Organization Overview
Mankato Basketball Association Inc is located in North Mankato, MN. The organization was established in 1991. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Mankato 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 05/2024, Mankato Basketball Association Inc generated $148.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $116.0k during the year ending 05/2024. While expenses have increased by 2.2% per year over the past 9 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 ASSOCIATION ORGANIZED AND SPONSORED LEAGUE PLAY AND TOURNAMENTS FOR YOUTH IN GRADES 4 THROUGH 8 (AGES 9 THROUGH 15). DURING THE 2022-2023 YEAR, 196 CHILDREN PARTICIPATED ON 21 TEAMS AND PLAYED A TOTAL OF APPROXIMATELY 570 GAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Drexler President | 0 | $0 | |
Heather Mccormick Treasurer | 0 | $0 | |
Wendy Weber Co-Secretary | 0 | $0 | |
Angie Nessler Co-Secretary | 0 | $0 | |
Brent Olson Director | 0 | $0 | |
Jason Grovom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,066 |
| Total Program Service Revenue | $138,390 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,456 |
| 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 | $18,719 |
| Occupancy, rent, utilities, and maintenance | $28,960 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,345 |
| Total expenses | $116,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,134 |
| Other assets | $0 |
| Total assets | $76,134 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,134 |