Mpls Lakers Youth Traveling Basketball Program Inc
- Assets
- $82.8k
- Revenue
- $224.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-1536305
Organization Overview
Mpls Lakers Youth Traveling Basketball Program Inc is located in Minneapolis, MN. The organization was established in 2019. 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. Mpls Lakers Youth Traveling Basketball Program 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 12/2021, Mpls Lakers Youth Traveling Basketball Program Inc generated $224.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $165.3k during the year ending 12/2021. While expenses have increased by 24.1% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTED, DEVELOPED, ADVANCED, AND SPONSORED BASKETBALL OPPORTUNITIES FOR BOYS AND GIRLS IN 4TH-8TH GRADE IN MINNESOTA.PROMOTE, DEVELOP, ADVANCE, AND SPONSOR AMATEUR YOUTH BASKETBALL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASON ENROLLMENT
CITY OF LAKES CLASSIC TOURNAMENT
BOOTCAMP ENROLLMENT
TRYOUT REGISTRATION AND 3 VS 3 ENROLLMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tisha Boarman Vice-President | Officer | 5 | $0 |
Tom Meckey President | Officer | 5 | $0 |
Taya Rotering Secretary | Officer | 5 | $0 |
Angelena Phillips Treasurer | Officer | 5 | $0 |
Chance Veasey Boys Coaching Director | Trustee | 5 | $0 |
Brad Farrell Boys Coaching Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,179 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,929 |
| Total Program Service Revenue | $196,898 |
| Investment income | $0 |
| 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 | $224,827 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,038 |
| Office expenses | $771 |
| Information technology | $782 |
| Royalties | $0 |
| Occupancy | $35,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,219 |
| All other expenses | $0 |
| Total functional expenses | $165,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,780 |
| 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 | $82,780 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $82,780 |
| Total liabilities and net assets/fund balances | $82,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Minnesota Heat Hoops Inc Maple Grove, MN | $44,467 | $727,071 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Osseo Maple Grove Basketball Association Maple Grove, MN | $1,284,247 | $768,058 |
Wayzata Boys Basketball Association Plymouth, MN | $140,585 | $502,960 |
Central Minnesota Basketball Club Inc Sartell, MN | $56,235 | $442,197 |
Rochester Youth Baseball Association Inc Rochester, MN | $382,817 | $342,839 |
Farmington Youth Basketball Association Farmington, MN | $101,358 | $307,970 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Lakeville North Boys Basketball Association Lakeville, MN | $246,595 | $289,956 |
24up Inc New Berlin, WI | $173,156 | $373,384 |