Orono Basketball Association
- Assets
- $52.3k
- Revenue
- $206.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Long Lake, MN
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 47-4114318
Organization Overview
Orono Basketball Association is located in Long Lake, MN. The organization was established in 2016. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Orono Basketball Association employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orono 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, Orono Basketball Association generated $206.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $225.7k during the year ending 06/2022. While expenses have increased by 16.5% per year over the past 6 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 FOSTER A FUN AND COMPETITIVE BASKETBALL EXPERIENCE FOR BOYS AND GIRLS K-8
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORONO BASKETBALL ASSOCIATION PROVIDED 400 BOYS AND GIRLS THE OPPORTUNITY TO PLAY AND LEARN THE SPORT OF BASKETBALL IN A COMPETITIVE ENVIRONMENT. PARTICIPANTS LEARNED FUNDAMENTAL BASKETBALL SKILLS, TEAMWORK, ACCOUNTABILITY, GOOD SPORTSMANSHIP, AND FUN, WHILE COMPETING IN SEVERAL LEVEL APPROPRIATE BASKETBALL TEAMS OR ATTENDING YOUTH CLINICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Watkins Director - President | OfficerTrustee | 30 | $0 |
Jessie Henry Director - Treasurer | OfficerTrustee | 15 | $0 |
Jeff Kanwischer Director - Girls Tournament | Trustee | 10 | $0 |
Josh Sanderson Director - Equipment | Trustee | 5 | $0 |
Jared Nishida Director - Coach Committee | Trustee | 5 | $0 |
Ann O'reilly Director - Scholarship/sponsership | Trustee | 5 | $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 | $5,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,375 |
| Total Program Service Revenue | $201,244 |
| 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 | $206,619 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,230 |
| Fees for services: Management | $25,217 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,933 |
| Information technology | $2,501 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,801 |
| 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 | $0 |
| Insurance | $3,700 |
| All other expenses | $0 |
| Total functional expenses | $225,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,297 |
| Savings and temporary cash investments | $0 |
| 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 | $52,297 |
| 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 | $52,297 |
| 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 | $52,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Minnesota Heat Hoops Inc Maple Grove, MN | $44,467 | $727,071 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Osseo Maple Grove Basketball Association Maple Grove, MN | $1,284,247 | $768,058 |
Wayzata Boys Basketball Association Plymouth, MN | $140,585 | $502,960 |
Central Minnesota Basketball Club Inc Sartell, MN | $56,235 | $442,197 |
Rochester Youth Baseball Association Inc Rochester, MN | $382,817 | $342,839 |
Farmington Youth Basketball Association Farmington, MN | $101,358 | $307,970 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Lakeville North Boys Basketball Association Lakeville, MN | $246,595 | $289,956 |
24up Inc New Berlin, WI | $173,156 | $373,384 |