Knights Travel Basketball
- Assets
- $151.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elmhurst, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-1854054
Organization Overview
Knights Travel Basketball is located in Elmhurst, IL. 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. Knights Travel Basketball 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, Knights Travel Basketball generated $189.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $167.1k during the year ending 12/2022. 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
KNIGHTS TRAVEL BASKETBALL (KTB) IS A COMPETITIVE YOUTH BASKETBALL PROGRAM OPEN TO BOYS AND GIRLS IN THE AGE RANGE OF 7-14 YEARS OLD, OR GRADES 3-8. KTB IS PART OF THE DUPAGE LEAGUE WITH A SEASON RUNNING FROM MID-OCTOBER TO THE END OF FEBRUARY/EARLY MARCH. KTB HAS 22 TEAMS: FOR BOYS GRADES 3-8, THERE ARE 2 TEAMS EACH, LEVEL A & B. FOR GIRLS GRADES 4-8, THERE ARE 2 TEAMS EACH, LEVEL A & B. THESE TEAMS PLAY OTHER YOUTH BASKETBALL TEAMS WITHIN THE DUPAGE LEAGUE ON WEEKENDS. KTB TEAMS MAY ALSO JOIN TOURNAMENTS THAT ARE ORGANIZED BY OTHER YOUTH BASKETBALL PROGRAMS THAT COME TO THE CHICAGOLAND AREA. KTB STRIVES TO HAVE EACH TEAM PLAY 20 UP TO AS MANY AS 35 GAMES EACH SEASON DEPENDING ON AGE AND GRADE LEVEL. THIS IS KTB'S OBJECTIVE FOR 2021 AND BEYOND. KTB PLANS FOR 200-250 YOUTH PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mcdonough President | 2 | $0 | |
John Carroll Treasurer | 2 | $0 | |
John Peck Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $189,657 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,662 |
| 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 | $675 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $166,434 |
| Total expenses | $167,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,453 |
| Other assets | $0 |
| Total assets | $151,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $151,453 |