Lakeville North Boys Basketball Association

Organization Overview

Lakeville North Boys Basketball Association is located in Lakeville, MN. The organization was established in 2013. 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. Lakeville North Boys 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 05/2022, Lakeville North Boys Basketball Association generated $290.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $320.1k during the year ending 05/2022. While expenses have increased by 17.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZING, ADVISING, MENTORING YOUNG MEN OF LAKEVILLE NORTH HIGH SCHOOL THROUGH THE SPORT EXAMPLE OF THE BOARD MEMBERS AND VOLUNTEERS SHOWN IN THE ORGANIZING AND ENCOURAGEMENT PROVIDED IN THE COURSE OF BASKETBALL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE VOLUNTEER ACTIVITIES OF THE BOARD FURTHER THE EXEMPT PURPOSE THROUGH TEACHING AND CONDUCT EXAMPLE OF THE BOARD MEMBERS AND VOLUNTEERS SHOWN IN THE ORGANIZING AND ENCOURAGEMENT PROVIDED IN THE COURSE OF BASKETBALL


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$12,158
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,158
Total Program Service Revenue$277,789
Investment income $9
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 $289,956

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