Dream Big Basketball Academy
- Assets
- $141.3k
- Revenue
- $448.1k
- Investments
- $0.0
- Employees
- 23
- Location
- Huntersville, NC
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-0884622
Organization Overview
Dream Big Basketball Academy is located in Huntersville, NC. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2022, Dream Big Basketball Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Big Basketball Academy 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, Dream Big Basketball Academy generated $448.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $443.6k during the year ending 12/2022. While expenses have increased by 14.7% per year over the past 5 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 TEACH YOUTH BASKETBALL AND WE ARE LOOKING FOR OUR PLAYERS TO DREAM BIG, WORK HARD, AND STAY HUMBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASKETBALL CAMPS (FULL AND HALF DAYS) FOR BOYS AND GIRLS (GRADES 1-9). CONDUCTED BY EXPERIENCED COACHES/ROLE MODELS. 521 KIDS PARTICIPATED AND 65 KIDS RECEIVED SCHOLARSHIPS.
OTHER PROGRAM SERVICES EXPENSES: OFFICE EXPENSE $558; PAYROLL EXPENSES $19,257; OTHER FEES $3,870; RENT AND LEASE $6,013; TRAVEL AND MEALS $6,657; ADVERTISING AND PROMOTION $1,458; ALL OTHER $789--TOTAL $38,602. OTHER PROGRAM SERVICES REVENUE: SMALL GROUPS $4,611; PRE-K HOOPS $8,925; HOME SCHOOL HOOPS $9,546; TOURNAMENT $5,622; PRIVATE SKILLS TRAINING $4,366; CLINICS $1,745--TOTAL $34,815
BASKETBALL SKILLS GROUP SESSION CAMPS (NIGHTS,WEEKENDS, SOME HOLIDAYS) FOR KIDS (K-12) CONDUCTED BY EXPERIENCED COACHES/ROLE MODELS. 601 KIDS PARTICIPATED AND 43 RECEIVED SCHOLARSHIPS.
GIRLS TEAM BASKETBALL (GRADES 4-11) WITH PRACTICE AND GAMES ON NIGHTS AND WEEKENDS. TEAMS ARE LED BY EXPERIENCED COACHES/ROLE MODELS. 143 KIDS PARTICIPATED AND 13 RECEIVED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Holm Executive Director | Trustee | 40 | $44,900 |
Rashon Frazier Basketball Coach | 40 | $35,945 | |
Donte Watson Basketball Coach | 40 | $30,217 | |
Ben Stywall Basketball Coach | Officer | 5 | $8,136 |
Chris Kuiatkowski President | Officer | 3 | $0 |
Matthew Russell Vice President | Officer | 1 | $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 | $12,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,868 |
| Total Program Service Revenue | $435,192 |
| Investment income | $0 |
| 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 | $448,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $111,062 |
| Compensation of current officers, directors, key employees. | $22,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,612 |
| Advertising and promotion | $14,579 |
| Office expenses | $5,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,860 |
| Travel | $15,354 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $4,054 |
| Insurance | $4,008 |
| All other expenses | $0 |
| Total functional expenses | $443,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,435 |
| Savings and temporary cash investments | $123,010 |
| 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 | $3,015 |
| Net Land, buildings, and equipment | $9,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $141,304 |
| 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 | $129,900 |
| Total liabilities | $129,900 |
| Net assets without donor restrictions | $0 |
| 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 | $11,404 |
| Total liabilities and net assets/fund balances | $141,304 |