Freedom Area Basketball League Inc
- Assets
- $106.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Taneytown, MD
- Founding
- 04/1984
- Data as of
- 09/2024
- EIN
- 52-2172147
Organization Overview
Freedom Area Basketball League Inc is located in Taneytown, MD. The organization was established in 1984. 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. Freedom Area Basketball League Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2024, Freedom Area Basketball League Inc generated $137.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $129.4k during the year ending 09/2024. While expenses have increased by 2.7% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
RECREATIONAL BASKETBALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Lyons President | 0 | $0 | |
Tom Brown Jr Vice President | 0 | $0 | |
Chris Bolster Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,204 |
| Total Program Service Revenue | $133,566 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$354 |
| Other Revenue | $0 |
| Total Revenue | $137,428 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $36,718 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,676 |
| Total expenses | $129,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,303 |
| Other assets | $0 |
| Total assets | $106,303 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,303 |