Amateur Athletic Union Of The United States Inc
- Assets
- $15.8k
- Revenue
- $640.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 09/2005
- Data as of
- 08/2023
- EIN
- 84-3406869
Organization Overview
Amateur Athletic Union Of The United States Inc is located in Princeton, NJ. The organization was established in 2005. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amateur Athletic Union Of The United States 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 08/2023, Amateur Athletic Union Of The United States Inc generated $640.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $669.5k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP YOUNG ADULTS AND THEIR FAMILIES PURSUE EXCELLENCE IN ALL FACETS OF THEIR LIVES BY USING COMPETITIVE BASKETBALL AS A PLATFORM. THIS PURSUIT OF EXCELLENCE ENCOMPASSES ACADEMICS, CITIZENSHIP AND SPORTSMANSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASKETBALL ACADEMYA YEAR-ROUND, COMPREHENSIVE PROGRAM FOR YOUTH PARTICIPANTS GRADES 4-12. THE PROGRAM FOCUSES NOT ONLY ON BASKETBALL BUT ACADEMIC ACHIEVEMENT AND SUPPORT, CIVIC ENGAGEMENT, FINANCIAL LITERACY AND EMOTIONAL HEALTH PROGRAMS TO HELP PREPARE THEM TO SUCCEED AND GROW TO MEET THEIR TRUE AND DESIRED POTENTIAL. THE NEW JERSEY SCHOLARS REPRESENT A VERY UNIQUE OPPORTUNITY TO TAP INTO YOUTH BASKETBALL AT THE HIGHEST AND MOST VISIBLE LEVEL POSSIBLE WITHIN NEW JERSEY AND BEYOND. OUR TEAMS CURRENTLY REPRESENT FIVE DIFFERENT AGE GROUPS AND WILL PLAY IN AN AGGREGATE OF MORE THAN 400 GAMES IN ROUGHLY 40 DIFFERENT VENUES ACROSS A DOZEN STATES. OUR AFFILIATION WITH NIKE SIGNIFICANTLY EXPANDS OUR BRAND AND CREATES VALUE FOR OUR SPONSORS.NIKE INVITED THE NJ SCHOLARS ACADEMY INTO ITS HIGHLY PRESTIGIOUS NIKE ELITE BASKETBALL LEAGUE (EYBL). IT IS THE MOST HIGHLY REGARDED AMATEUR DEVELOPMENT, TRAINING AND EXPOSURE PROGRAM OR "CIRCUIT" IN THE UNITED STATES. FOR EXAMPLE, IN THE 2018 NBA DRAFT, 12 OF THE TOP 14 NBA DRAFT CHOICES WERE NIKE EYBL ALUMNI. OUT OF THE TOP 100 RANKED AMATUER BASKETBALL PLAYERS IN THE COUNTRY, APPROXIMATELY 80 OF THOSE PLAYERS WILL PARTICIPATE IN THE EYBL. ALMOST ALL PLAYERS IN THE EYBL EVENTUALLY COMPETE AS NCAA DIVISION I ATHLETES. THE NIKE EYBL ONLY ALLOWS 35 ELITE BASKETBALL TEAMS IN THE COUNTRY TO PARTICIPATE IN THEIR LEAGUE AND OCCASIONALLY PERMITS NEW TEAMS EVERY FEW YEARS. WE ARE PROUD OF THIS RECOGNITION AND WILL USE IT TO EXPAND OUR EFFORTS TO DEVELOP LOCAL YOUTH AND SUPPORT, ENHANCE, ENLIGHTEN AND EMPOWER THE UNDERLYING COMMUNITIES THAT WE SERVE. THE NIKE AFFILIATION, ALONG WITH OUR EXTENSIVE TRACK RECORD, WILL ALLOW US TO BETTER ATTRACT AND ENGAGE PARTICIPANTS IN OUR PROGRAM.
MIDDLE SCHOOL BASKETBALL LEAGUERISING SCHOLARS IS A COMMUNITY BASED PROGRAM THAT CONNECTS MIDDLE SCHOOL BOYS AND GIRLS WITH MENTORS THROUGH BASKETBALL. THE FOCUS OF THE PROGRAM IS TO PROMOTE FITNESS, NUTRITION, TEAMWORK, EDUCATION, CONFIDENCE AND MENTAL HEALTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Runcie Chairperson | Trustee | 3 | $0 |
Todd Perry Board Member | Trustee | 3 | $0 |
John Mirenda Board Member | Trustee | 3 | $0 |
John Martini Board Member | Trustee | 3 | $0 |
Marc Morial Board Member | Trustee | 3 | $0 |
Nicholas Felmlee Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $640,915 |
| Noncash contributions included in lines 1a–1f | $80,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $640,915 |
| Total Program Service Revenue | $0 |
| 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 | $640,915 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $56,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,108 |
| Travel | $255,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,480 |
| All other expenses | $5,205 |
| Total functional expenses | $669,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,821 |
| 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 | $15,821 |
| 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 | $15,821 |
| 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 | $15,821 |