Elite Amateur Basketball Club
- Assets
- $42.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, TN
- Founding
- 01/2018
- Data as of
- 07/2020
- EIN
- 81-3717055
Organization Overview
Elite Amateur Basketball Club is located in Columbia, TN. The organization was established in 2018. 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. Elite Amateur Basketball Club 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 07/2020, Elite Amateur Basketball Club generated $66.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $27.3k during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (34.6%) per year over the past 4 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
2020
Describe the Organization's Program Activity:
Part 3
THROUGH MEMBERSHIP FEES, TEAMS WERE FORMED OF APPROXIMATELY 170 BOYS AND GIRLS, WHO COMPETED IN BASKETBALL EVENTS DURING THE MONTHS OF MARCH TO JULY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Couey Founder-President | 20 | $0 | |
Zach Ferrell Chairman-Board Member | 20 | $0 | |
Brad Allen III Board Member | 20 | $0 | |
Kent Ayer III Board Member | 20 | $0 | |
Diana Couey Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $41,922 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,922 |
| Statement of Expenses | |
|---|---|
| Total expenses | $27,298 |
| Balance Sheet | |
|---|---|
| Total assets | $42,196 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,196 |