Nbn Sports Academy Inc
- Assets
- $947.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, DE
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 84-2000530
Organization Overview
Nbn Sports Academy Inc is located in New Castle, DE. The organization was established in 2019. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Nbn Sports Academy 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, Nbn Sports Academy Inc generated $1.1m in total revenue. All expenses for the organization totaled $157.8k during the year ending 12/2022. While expenses have increased by 101.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: NOTHING BUT NET SPORTS ACADEMY (NBNSA) IS A 501-C3 NON-PROFIT ORGANIZATION WHOLLY DEDICATED TO PROVIDING DELAWARE YOUTH FROM AGES 4 TO 18 WITH SUPERVISED, FUNDAMENTAL LEARNING EXPERIENCES IN ATHLETICS, ACADEMICS AND LIFE SKILLS. NBNSA PROVIDES FINANCIAL ASSISTANCE FOR ELIGIBLE NBNSA STUDENT ATHLETES, OFFERING ACCESS TO OUR PROGRAMS AND CONTRIBUTING TO EDUCATIONAL EXPENSES INCLUDING TUITION FOR MIDDLE SCHOOL TO COLLEGE/TRADE SCHOOL. TEACH AND COACH SKILLS IN A VARIETY OF SPORTS THROUGH CLINICS, LEAGUES AND COMPETITIONS, WHILE ALSO FACILITATING CHARACTER AND SPORTSMANSHIP DEVELOPMENT PROMOTE, ENCOURAGE AND IMPROVE THE STANDARD OF RECREATIONAL AND AMATEUR SPORTS IN DELAWARE FOSTER THE VALUES OF INTEGRITY, FAIR PLAY, TEAMWORK, MUTUAL RESPECT AND THE PURSUIT OF EXCELLENCE THROUGH HARD WORK DEVELOP SELF-CONFIDENCE, CONCENTRATION, DISCIPLINE AND PHYSICAL FITNESS BY FOCUSING ON THE POSITIVE, FUN ASPECTS OF LEARNING REWARD NBNSA STUDENT ATHLETES WHO EXEMPLIFY OUR MISSION BY PROVIDI
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION: NOTHING BUT NET SPORTS ACADEMY (NBNSA) IS A 501-C3 NON-PROFIT ORGANIZATION WHOLLY DEDICATED TO PROVIDING DELAWARE YOUTH FROM AGES 4 TO 18 WITH SUPERVISED, FUNDAMENTAL LEARNING EXPERIENCES IN ATHLETICS, ACADEMICS AND LIFE SKILLS. NBNSA PROVIDES FINANCIAL ASSISTANCE FOR ELIGIBLE NBNSA STUDENT ATHLETES, OFFERING ACCESS TO OUR PROGRAMS AND CONTRIBUTING TO EDUCATIONAL EXPENSES INCLUDING TUITION FOR MIDDLE SCHOOL TO COLLEGE/TRADE SCHOOL. TEACH AND COACH SKILLS IN A VARIETY OF SPORTS THROUGH CLINICS, LEAGUES AND COMPETITIONS, WHILE ALSO FACILITATING CHARACTER AND SPORTSMANSHIP DEVELOPMENT PROMOTE, ENCOURAGE AND IMPROVE THE STANDARD OF RECREATIONAL AND AMATEUR SPORTS IN DELAWARE FOSTER THE VALUES OF INTEGRITY, FAIR PLAY, TEAMWORK, MUTUAL RESPECT AND THE PURSUIT OF EXCELLENCE THROUGH HARD WORK DEVELOP SELF-CONFIDENCE, CONCENTRATION, DISCIPLINE AND PHYSICAL FITNESS BY FOCUSING ON THE POSITIVE, FUN ASPECTS OF LEARNING REWARD NBNSA STUDENT ATHLETES WHO EXEMPLIFY OUR MISSION BY PROVIDING VARIOUS LEVELS OF FINANCIAL ASSISTANCE WITHIN THE NBNSA PROGRAM AND HELP TO DEFRAY THE COST OF HIGHER EDUCATION IMPART LIFE SKILLS IN AREAS OF NUTRITION AND PERSONAL FINANCE MANAGEMENT VIA ACADEMIC TUTORING AND COMMUNITY SERVICE EXPERIENCE.
OUR MISSION: NOTHING BUT NET SPORTS ACADEMY (NBNSA) IS A 501-C3 NON-PROFIT ORGANIZATION WHOLLY DEDICATED TO PROVIDING DELAWARE YOUTH FROM AGES 4 TO 18 WITH SUPERVISED, FUNDAMENTAL LEARNING EXPERIENCES IN ATHLETICS, ACADEMICS AND LIFE SKILLS. NBNSA PROVIDES FINANCIAL ASSISTANCE FOR ELIGIBLE NBNSA STUDENT ATHLETES, OFFERING ACCESS TO OUR PROGRAMS AND CONTRIBUTING TO EDUCATIONAL EXPENSES INCLUDING TUITION FOR MIDDLE SCHOOL TO COLLEGE/TRADE SCHOOL. TEACH AND COACH SKILLS IN A VARIETY OF SPORTS THROUGH CLINICS, LEAGUES AND COMPETITIONS, WHILE ALSO FACILITATING CHARACTER AND SPORTSMANSHIP DEVELOPMENT PROMOTE, ENCOURAGE AND IMPROVE THE STANDARD OF RECREATIONAL AND AMATEUR SPORTS IN DELAWARE FOSTER THE VALUES OF INTEGRITY, FAIR PLAY, TEAMWORK, MUTUAL RESPECT AND THE PURSUIT OF EXCELLENCE THROUGH HARD WORK DEVELOP SELF-CONFIDENCE, CONCENTRATION, DISCIPLINE AND PHYSICAL FITNESS BY FOCUSING ON THE POSITIVE, FUN ASPECTS OF LEARNING REWARD NBNSA STUDENT ATHLETES WHO EXEMPLIFY OUR MISSION BY PROVIDING VARIOUS LEVELS OF FINANCIAL ASSISTANCE WITHIN THE NBNSA PROGRAM AND HELP TO DEFRAY THE COST OF HIGHER EDUCATION IMPART LIFE SKILLS IN AREAS OF NUTRITION AND PERSONAL FINANCE MANAGEMENT VIA ACADEMIC TUTORING AND COMMUNITY SERVICE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Albanesse Vice Preside | Officer | 5 | $0 |
Bill Pritchard Officer | Officer | 2 | $0 |
Lonnie Wright President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| Total Program Service Revenue | $105,279 |
| 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 | $1,105,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,520 |
| 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 | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,192 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,003 |
| All other expenses | $39,754 |
| Total functional expenses | $157,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,489 |
| 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 | $18,108 |
| 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 | $947,597 |
| 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 | $947,597 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $947,597 |