Grand Rapids Area Basketball Association Inc
- Assets
- $56.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MN
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 41-1836975
Organization Overview
Grand Rapids Area Basketball Association Inc is located in Grand Rapids, MN. The organization was established in 1997. 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. Grand Rapids Area 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 06/2022, Grand Rapids Area Basketball Association Inc generated $93.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $78.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
THROUGH ACTIVITIES SUCH AS YOUTH BASKETBALL PROGRAMS, TOURNAMENTS AND PROMOTIONAL MATERIALS, THE ASSOCIATION PROVIDES OPPORTUNITIES FOR SKILL DEVELOPMENT AND RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Weerts President | 1 | $0 | |
Josh Kostiuk Vice-Preside | 1 | $0 | |
Jenni Johnson Treasurer | 1 | $0 | |
Katie Thunshelle Secretary | 1 | $0 | |
Freya Dick Director | 1 | $0 | |
Kirk Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350 |
| Total Program Service Revenue | $66,225 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,035 |
| Other Revenue | $0 |
| Total Revenue | $93,363 |
| 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 | $1,940 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,944 |
| Total expenses | $78,884 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,429 |
| Other assets | $0 |
| Total assets | $56,429 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,429 |
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