Beach Ball Classic Inc

Organization Overview

Beach Ball Classic Inc, operating under the name Beach Ball Classic, is located in Myrtle Beach, SC. The organization was established in 1986. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Beach Ball Classic 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 03/2024, Beach Ball Classic generated $273.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $236.0k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION SPONSORS AN ANNUAL 4-5 DAY HIGH SCHOOL BASKETBALL TOURNAMENT. THIS EVENT PROVIDES ACTIVITY AND ENTERTAINMENT FOR THE SOCIAL IMPROVEMENT AND GENERAL WELFARE OF THE COMMUNITY. IT ALSO PROVIDES SUPPORT FOR THE SOCASTEE HIGH SCHOOL BASKETBALL PROGRAM, AND PROVIDES A SCHOLARSHIP FOR EACH HORRY COUNTY SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEACH BALL CLASSIC BASKETBALL TOURNAMENT


BEACH BALL CLASSIC BASKETBALL TOURNAMENT


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Board, Officers & Key Employees

Name (title)Compensation
Ashley Gasperson
Vice Preside
$0
Keith Powell
Treasurer
$0
Chad Smith
President
$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$273,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$273,150
Total Program Service Revenue$0
Investment income $27
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 $273,177

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