Mansfield Invitational Inc
- Assets
- $66.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, TX
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2128831
Organization Overview
Mansfield Invitational Inc is located in Mansfield, TX. The organization was established in 2014. 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. Mansfield Invitational 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 12/2021, Mansfield Invitational Inc generated $26.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $23.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) 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
2021
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Oneal Vice-President | 0 | $0 | |
Raymond Meeks President | 0 | $0 | |
Randall Canedy Treasurer | 0 | $0 | |
Tammy Lusinger Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$26,194 |
| Other Revenue | $0 |
| Total Revenue | $26,806 |
| 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 | $330 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,948 |
| Other expenses | $21,250 |
| Total expenses | $23,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,318 |
| Other assets | $0 |
| Total assets | $66,493 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,493 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mansfield Invitational Inc has recieved totaling $23,250.
| Awarding Organization | Amount |
|---|---|
Methodist Hospitals Of Dallas Dallas, TX PURPOSE: Community Outreach | $23,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fab44 Basketball Little Rock, AR | $330,408 | $643,978 |
3 The Harden Way Inc Houston, TX | $336,712 | $584,859 |
Katy Youth Basketball Inc Katy, TX | $227,732 | $452,078 |
Texas Tar Heels Basketball Academy Inc Lewisville, TX | $61,936 | $350,622 |
Austin Lady Magic Austin, TX | $23,821 | $302,214 |
Elite Youth Proskills Basketball Mckinney, TX | $241,998 | $146,130 |
Red River Athletic Conference Inc Waco, TX | $52,838 | $226,033 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |
Westlake Youth Basketball Association Austin, TX | $248,792 | $229,746 |
D-1 Prospects Inc San Antonio, TX | $2,390 | $0 |
Onecrew Fulshear, TX | $0 | $154,536 |
Texas Association Of Basketball Coaches Inc Sugarland, TX | $333,522 | $284,944 |