Loudoun Flight Basketball Academy
- Assets
- $20.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, VA
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-5363546
Organization Overview
Loudoun Flight Basketball Academy is located in Waterford, VA. 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. Loudoun Flight 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 12/2023, Loudoun Flight Basketball Academy generated $124.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $122.8k during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 2 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
0
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80 |
| Total Program Service Revenue | $1,500 |
| Membership dues | $104,526 |
| Investment income | $0 |
| Gain or Loss | $18,332 |
| Net Income from Gaming & Fundraising | $139 |
| Other Revenue | $32 |
| Total Revenue | $124,609 |
| 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 | $1,025 |
| Occupancy, rent, utilities, and maintenance | $17,890 |
| Printing, publications, postage, and shipping | $171 |
| Other expenses | $103,540 |
| Total expenses | $122,776 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,758 |
| Other assets | $0 |
| Total assets | $20,758 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,758 |