Needham Metrowest Basketball Inc is located in Needham Heights, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham Metrowest Basketball 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 06/2022, Needham Metrowest Basketball Inc generated $106.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $106.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING, WITHOUT LIMITATION,DEVELOPING AND PROMOTING A YOUTH BASKETBALL LEAGUE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Baker President | 10 | $0 | |
Joseph Camozzi Director | 1 | $0 | |
Dan Goodman Clerk | 5 | $0 | |
Jeremy O'connor Director | 1 | $0 | |
Paul Cloonan Treasurer | 5 | $0 | |
Eileen Williams Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $106,036 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $106,036 |
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 | $1,663 |
Occupancy, rent, utilities, and maintenance | $46,103 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $58,482 |
Total expenses | $106,248 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $37,145 |
Other assets | $0 |
Total assets | $37,145 |
Total liabilities | $0 |
Net assets or fund balances | $37,145 |
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