Supreme Foundation
- Assets
- $62.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Federal Way, WA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3068094
Organization Overview
Supreme Foundation is located in Federal Way, WA. 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. Supreme 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 12/2021, Supreme Foundation generated $65.0k 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 (7.0%) each year. All expenses for the organization totaled $72.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 3 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TRAVEL TO BASKETBALL TOURNAMENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connor Howell Vice President | 10 | $0 | |
Carl Howell President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,988 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,988 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $442 |
| Other expenses | $71,280 |
| Total expenses | $72,072 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,910 |
| Other assets | $0 |
| Total assets | $62,910 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Supreme Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Names Family Foundation Fircrest, WA PURPOSE: WASHINGTON SUPREME BASKETBALL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Womens Intercollegiate Basketball Officials Assocaition Salem, OR | $163,779 | $398,334 |
Friends Of Hoop Seattle Bellevue, WA | $78,062 | $299,695 |
Oregon Basketball Club Salem, OR | $77,360 | $310,697 |
Lake Oswego Youth Traveling Basketball Association Inc Lake Oswego, OR | $82,990 | $263,530 |
West Linn Wilsonville Youth Basketball Association West Linn, OR | $120,104 | $263,955 |
Liberty Select Basketball Association Newcastle, WA | $44,388 | $160,670 |
Global Basketball Club Issaquah, WA | $24,188 | $0 |
Club Zzu Volleyball Inc Pullman, WA | $64,369 | $160,897 |
Little League Baseball Inc Enumclaw, WA | $44,918 | $0 |
Sherwood Basketball Organization Sherwood, OR | $84,267 | $0 |
Blue Mountain Basketball Officials Association Hermiston, OR | $3,728 | $0 |
Mercer Island Boys Basketball Booster Club Mercer Island, WA | $51,048 | $0 |