Edina Basketball Association
- Assets
- $364.5k
- Revenue
- $634.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 41-1927560
Organization Overview
Edina Basketball Association is located in Edina, MN. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina Basketball Association 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, Edina Basketball Association generated $634.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $657.1k during the year ending 06/2022. While expenses have increased by 2.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDINA'S YOUTH THE OPPORTUNITY TO PLAY BASKETBALL IN AN ORGANIZED AND SAFE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDINA BASKETBALL ASSOCIATION (EBA) PROVIDES EDINA'S KINDERGARTENERS THROUGH TWELFTH GRADERS THE OPPORTUNITY TO PLAY BASKETBALL IN AN ORGANIZED AND SAFE ENVIRONMENT. DIFFERENT PROGRAMS ARE AVAILABLE FOR DIFFERENT SKILL LEVELS. THERE IS A PEE WEE LEAGUE FOR KINDERGARTEN THROUGH 2ND GRADERS, A DEVELOPMENT LEAGUE FOR 3RD AND 4TH GRADERS, A HOUSE LEAGUE FOR 5TH THROUGH 12TH GRADERS AND A TRAVELING LEAGUE FOR 4TH THROUGH 8TH GRADERS. THE EBA PROVIDES INSTRUCTION, COACHES, AND REFEREES AND ORGANIZES FACILITIES WITHIN THE COMMUNITY AT WHICH TO PLAY. THE PROGRAM IS AVAILABLE TO ALL YOUTH WHO EITHER RESIDE OR ATTEND SCHOOL WITHIN THE CITY OF EDINA. MOST IMPORTANTLY, THE EBA PROVIDES A COMFORTABLE ATHLETIC LEARNING ENVIRONMENT FOR OUR YOUTH THAT EMPHASIZES SPORTSMANSHIP AND FUN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giovanna Ingram Scholarships | Trustee | 10 | $18,883 |
Michael Hutson Coach Devel, | Trustee | 10 | $17,050 |
Laurie Wilcox District Lia | Trustee | 10 | $14,031 |
Richard Lavercombe Boys 9-12th | Trustee | 3 | $4,000 |
Todd Retzlaff VP House Rec | OfficerTrustee | 4 | $3,500 |
Paul Crowley VP Girls Tra | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,707 |
| Total Program Service Revenue | $631,507 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,464 |
| Compensation of current officers, directors, key employees. | $24,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,698 |
| Office expenses | $2,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $18,802 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,072 |
| All other expenses | $141,038 |
| Total functional expenses | $657,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,942 |
| Savings and temporary cash investments | $301,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $364,456 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $364,456 |
Grants Awarded
Over the last fiscal year, Edina Basketball Association has awarded $31,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Edina, MN PURPOSE: SUPRT HS BBALL PROGS | $21,700 |
Minneapolis, MN PURPOSE: FEED SNRS & DISABLED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |