Indiana Elite Basketball Club
- Assets
- $890.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mccordsville, IN
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4231964
Organization Overview
Indiana Elite Basketball Club is located in Mccordsville, IN. The organization was established in 2017. 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. Indiana Elite 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 12/2021, Indiana Elite Basketball Club generated $165.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $173.3k during the year ending 12/2021. While expenses have increased by 9.3% 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
2021
Describe the Organization's Program Activity:
Part 3
TO EDUCATE AND PROMOTE INDIANA BASED YOUTH BASKETBALL BY TRAVELING THROUGHOUT THE COUNTRY TO TOURNAMENTS AND CLINICS IN ORDER TO PROVIDE SCHOLARSHIP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Criss Beyers Director | 0 | $0 | |
Michael Fox President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,891 |
| Total Program Service Revenue | $109,789 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $165,680 |
| 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 | $13,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $159,843 |
| Total expenses | $173,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $890 |
| Other assets | $0 |
| Total assets | $890 |
| Total liabilities | $0 |
| Net assets or fund balances | $890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana Elite Basketball Club has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Sponsorship of IE team, 2021 | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Forum Of Christian Leaders Wheaton, IL | $307,653 | $1,435,931 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Kentucky Cobras Inc Florence, KY | $27,896 | $450,667 |
Ignite Hoops Arlington Heights, IL | $158,269 | $413,630 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Kentucky All A Classic Inc Mt Washington, KY | $190,769 | $310,106 |
24up Inc New Berlin, WI | $173,156 | $373,384 |
Naperville Youth Basketball Association Inc Naperville, IL | $91,329 | $255,872 |
Yanders Law Springfield, MO | $182,701 | $285,827 |
Wisconsin Blizzard Basketball Inc Greenville, WI | $47,098 | $270,677 |