North Iowa Basketball Association
- Assets
- $5.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 12/2012
- Data as of
- 07/2019
- EIN
- 46-0917422
Organization Overview
North Iowa Basketball Association is located in Mason City, IA. The organization was established in 2012. According to its NTEE Classification (N62) the organization is classified as: Basketball, 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. North Iowa 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 07/2019, North Iowa Basketball Association generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $51.7k during the year ending 07/2019. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 4 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
2019
Describe the Organization's Program Activity:
Part 3
NORTH IOWA BASKETBALL ASSOCIATION FOSTERS AMATEUR BASKETBALL BY PROVIDING INCREASED SKILL DEVELOPMENT AND COMPETITIVE OPPORTUNITIES TO AREA YOUTH AND COACHES. TEAMS OF AREA ATHLETES (BOYS AND GIRLS) FROM OVER 25 AREA SCHOOLS COMPETE IN TOURNAMENTS THROUGHOUT THE MIDWEST AS THE NORTH IOWA FIRE. THE ORGANIZATION ALSO ORGANIZES LOCAL TOURNAMENTS AND SKILL DEVELOPMENT CLINICS IN ORDER TO DEVELOP AND ENHANCE THE SKILLS OF THE AMATEUR ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Hanson President | 5 | $0 | |
Curt Klaahsen Vice Preside | 5 | $0 | |
Jeremy Latham Treasurer | 5 | $0 | |
Stephanie Maske Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,624 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,338 |
| Professional fees and other payments to independent contractors | $5,414 |
| Occupancy, rent, utilities, and maintenance | $1,575 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,100 |
| Total expenses | $51,677 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,810 |
| Other assets | $0 |
| Total assets | $5,810 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,810 |