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 05/2022, Mankato Basketball Association Inc generated $88.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $94.0k during the year ending 05/2022. 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
THE ASSOCIATION ORGANIZED AND SPONSORED LEAGUE PLAY AND TOURNAMENTS FOR YOUTH IN GRADES 4 THROUGH 8 (AGES 9 THROUGH 15). DURING THE 2020-2021 YEAR, 216 CHILDREN PARTICIPATED ON 22 TEAMS. EACH TEAM WAS ABLE TO PARTIPATE IN APPROX. 27 GAMES, FOR A TOTAL OF 600 GAMES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Heather Mccormick Treasurer | 0 | $0 | |
Jeremy Drexler President | 0 | $0 | |
Wendy Weber Co-Secretary | 0 | $0 | |
Angie Nessler Co-Secretary | 0 | $0 | |
Brent Olson Director | 0 | $0 | |
Tony Ball Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $88,332 |
Membership dues | $0 |
Investment income | $4 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $88,336 |
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 | $11,369 |
Occupancy, rent, utilities, and maintenance | $21,278 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $60,142 |
Total expenses | $93,989 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $19,180 |
Other assets | $0 |
Total assets | $19,180 |
Total liabilities | $0 |
Net assets or fund balances | $19,180 |
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