Derosier Foundation
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Queen Creek, AZ
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4796188
Organization Overview
Derosier Foundation is located in Queen Creek, AZ. 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. Derosier Foundation 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, Derosier Foundation generated $100.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $109.5k during the year ending 12/2023. While expenses have increased by 14.2% per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3
OUR ACCOMPLISHMENTS FOR 2023 INCLUDE: - THE FOUNDATION, VIA THE BASKETBALL ACADEMY, WAS ABLE TO DELIVER OVER 100 HOURS OF FREE BASKETBALL TRAINING TO VARIOUS INDIVIDUALS AND ORGANIZATIONS. AS WELL AS IT GAVE OVER $10,000.00 WORTH OF DISCOUNTS, SO THAT STUDENTS COULD BETTER ATTEND THE REGULAR TRAINING, CAMPS & CLINICS!WE WERE ALSO ABLE TO MAINTAIN KEY SPONSORS MOVING FORWARD:- BODYARMOR CONTINUES TO SUPPLY DRINKS FOR PLAYERS AT VARIOUS EVENTS- STERLING ATHLETICS CONTINUES TO SUPPLY EQUIPMENT AT VARIOUS EVENTS- DOXON AUTOMOTIVE BROUGHT ON AS MAJOR SPONSOR FOR OUR CAMPS- COMPASSION CHURCH BROUGHT ON AS OUR MAJOR GYM PARTNER- JR. NBA PROVIDING ADDITIONAL YOUTH TRAINING FOR OUR COACHES/TRAINERS- FACEBOOK FUNDRAISING WAS ABLE TO HOST ANOTHER FUNDRAISER- GOT INTEGRATION COMPLETED WITH THE AZ ESA PROGRAM TO SUPPORT HOME SCHOOLERS AS WELL AS PRIVATE SCHOOL STUDENTS- STARTED SOME COMMUNICATION WITH THE BOYS & GIRLS CLUB ORGANIZATION- BEGAN COMMUNICATIONS WITH NEW POTENTIAL ANNUAL DONOR, SHOULD START IN 2024
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Derosier President, Dir. | 40 | $0 | |
Bruce Brown Secretary, Dir. | 3 | $0 | |
Rod Kehmeier Treasurer, Dir. | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,327 |
| Total Program Service Revenue | $96,434 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,761 |
| 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 | $81,750 |
| Occupancy, rent, utilities, and maintenance | $14,450 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,311 |
| Total expenses | $109,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,915 |
| Other assets | $0 |
| Total assets | $20,658 |
| Total liabilities | $3,531 |
| Net assets or fund balances | $17,127 |