Powerhouse Basketball Inc
- Assets
- $0.0
- Revenue
- $21.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Clermont, FL
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 81-4419222
Organization Overview
Powerhouse Basketball Inc is located in Clermont, FL. 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. Powerhouse 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 12/2020, Powerhouse Basketball Inc generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $22.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (26.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Foreman CEO | 15 | $0 | |
Domonique Foreman CFO | 2 | $0 | |
Courtney Lee CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,212 |
| Printing and publications | $275 |
| Other expenses | $17,384 |
| Total operating and administrative expenses | $22,221 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $22,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $27,000 |
| Other liabilities | $0 |
| Total liabilities | $27,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Powerhouse Basketball Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Basketball Players Assoc Foundation New York, NY PURPOSE: TO SUPPORT YOUTH SPORTS AND OTHER CHARITABLE PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Basketball Host Committee Inc Atlanta, GA | $206,440 | $2,456,960 |
Womens Basketball Coaches Assoc Lilburn, GA | $4,492,393 | $3,129,044 |
Peace Cdc Inc Miami, FL | $147,371 | $831,617 |
Atlanta Tip Off Club Inc Atlanta, GA | $927,333 | $681,924 |
Florida Collegiate Summer League Inc Longwood, FL | $124,980 | $434,402 |
Classic Basketball Inc Fort Myers, FL | $189,433 | $433,611 |
Team Griffin Foundation Atlanta, GA | $82,092 | $394,182 |
Jacksonville Beach Baseball Association Inc Jacksonville Beach, FL | $178,033 | $333,722 |
Southern Basketball Camps Homewood, AL | $50,938 | $326,330 |
East Marietta Basketball Inc Marietta, GA | $142,713 | $286,045 |
Boca Hoops Inc Boca Raton, FL | $57,862 | $304,347 |
Greater Georgia Basketball Officials Inc Smyrna, GA | $3,347 | $252,473 |