Valley Stars Basketball Academy
- Assets
- $33.1k
- Revenue
- $28.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Encino, CA
- Founding
- 11/2016
- Data as of
- 12/2020
- EIN
- 81-4337724
Organization Overview
Valley Stars Basketball Academy is located in Encino, CA. 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. As of 12/2020, Valley Stars Basketball Academy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Stars Basketball Academy 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 12/2020, Valley Stars Basketball Academy generated $28.9k 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 (47.2%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH BASKETBALL LEAGUE
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH BASKETBALL LEAGUE ABOUT 35 KIDS PARTICIPATED IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cesar Calderon Presidentdirector | OfficerTrustee | 40 | $0 |
Heather Thompson Secretarydirector | OfficerTrustee | 10 | $0 |
Christopher Jorge Vice Presdirector | OfficerTrustee | 10 | $0 |
Sasha Youssef Treasurerdirector | OfficerTrustee | 10 | $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 | $645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645 |
| Total Program Service Revenue | $28,066 |
| Investment income | $237 |
| 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 | $28,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,887 |
| Information technology | $423 |
| Royalties | $0 |
| Occupancy | $5,068 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $901 |
| All other expenses | $773 |
| Total functional expenses | $52,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,082 |
| Accounts payable and accrued expenses | $3,452 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40 |
| Unsecured mortgages and notes payable | $46,777 |
| Other liabilities | $1,005 |
| Total liabilities | $51,274 |
| Net assets without donor restrictions | -$18,192 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,082 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Stars Basketball Academy has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ultimate Sports Association Walnut Creek, CA | $1,241,895 | $1,889,365 |
West Coast Elite El Segundo, CA | $47,085 | $1,056,757 |
Socal-Elite Sports Inc Irvine, CA | $856,246 | $1,237,491 |
National Junior Basketball Tustin, CA | $68,241 | $690,890 |
Tarkanian Basketball Academy Inc Las Vegas, NV | $1,084,791 | $736,106 |
Team Esface Inc Redwood City, CA | $170,608 | $568,435 |
Northwest Womens Intercollegiate Basketball Officials Assocaition Salem, OR | $163,779 | $398,334 |
Palo Alto NATIONAL JUNIOR BASKETBALL Los Altos Hills, CA | $0 | $303,126 |
Sierra Nevada Basketball Inc Reno, NV | $2,943 | $276,310 |
East Bay Basketball Officials Association Hercules, CA | $1,000 | $275,181 |
Rocklin Girls Fast Pitch Softball Rocklin, CA | $60,559 | $238,087 |
Jk Select Inc Woodland Hills, CA | $7,021 | $277,034 |