Monster Basketball Inc
- Assets
- $31.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boonton, NJ
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 81-1054658
Organization Overview
Monster Basketball Inc is located in Boonton, NJ. 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. Monster 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 12/2023, Monster Basketball Inc generated $58.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $55.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 2 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
2023
Describe the Organization's Program Activity:
Part 3
YOUTH BASKETBALL PROGRAMS FOR BOYS AND GIRLS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Golle President | 25 | $0 | |
Debra Golle Treasurer | 5 | $0 | |
Justin Golle Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249 |
| Total Program Service Revenue | $57,150 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2 |
| Total Revenue | $58,401 |
| 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 | $18,015 |
| Occupancy, rent, utilities, and maintenance | $12,180 |
| Printing, publications, postage, and shipping | $61 |
| Other expenses | $25,204 |
| Total expenses | $55,460 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,442 |
| Other assets | $0 |
| Total assets | $31,442 |
| Total liabilities | $715 |
| Net assets or fund balances | $30,727 |