Centred Basketball
- Assets
- $67.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3100130
Organization Overview
Centred Basketball is located in State College, PA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Centred Basketball 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, Centred Basketball generated $95.9k 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 (5.7%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE BASKETBALL INSTRUCTIONS & LEAGUES FOR AREA YOUTH AND ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Loviscky President | 2 | $0 | |
Tina Powers Vice Preside | 2 | $0 | |
Pete Manion Treasure | 2 | $0 | |
Jeff Hall Officials Di | 1 | $0 | |
Derek Fairman At Large Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,311 |
| Total Program Service Revenue | $86,631 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,942 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,308 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $17,708 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,803 |
| Total expenses | $48,819 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,108 |
| Other assets | $0 |
| Total assets | $67,108 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,108 |
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