Thunder Basketball Inc
- Assets
- $94.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ringgold, GA
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-3150867
Organization Overview
Thunder Basketball Inc is located in Ringgold, GA. The organization was established in 2020. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Thunder 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 12/2022, Thunder Basketball Inc generated $149.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $128.7k during the year ending 12/2022. While expenses have increased by 37.8% per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ORGANIZES LEAGUES, TOURNAMENTS AND CAMPS FOR YOUTH IN ORDER TO PROVIDE OPPORTUNITIES FOR THE YOUTH OF THE COMMUNITY TO PARTICIPATE IN BASKETBALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Epps CEO | 30 | $0 | |
Melody Bingham Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,913 |
| Total Program Service Revenue | $133,352 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,265 |
| 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 | $8,794 |
| Occupancy, rent, utilities, and maintenance | $33,946 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $85,976 |
| Total expenses | $128,716 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,968 |
| Other assets | $0 |
| Total assets | $94,922 |
| Total liabilities | $17,183 |
| Net assets or fund balances | $77,739 |