Jam On It Basketball Academy Inc
- Assets
- $285.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Sparks, NV
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 86-0887569
Organization Overview
Jam On It Basketball Academy Inc is located in Sparks, NV. The organization was established in 1999. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Jam On It Basketball Academy Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jam On It Basketball 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 12/2020, Jam On It Basketball Academy Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAM ON IT HAS SPONSORED OVER 3,500 UNDERPRIVILEGED YOUTHS IN OUR PROGRAMS, WHICH INCLUDE BASKETBALL LESSONS, CAMPS AND CLINICS, AND TRAVELING TEAMS.JAM ON IT HAS SPONSORED AND HELPED SUBSIDIZE OVER 60 VISITING TEAMS TO PARTICIPATE IN OUR LOCAL AND NATIONAL TOURNAMENTS. THESE TOURNAMENTS RANGE FROM NEVADA TO CALIFORNIA TO UTAH TO HAWAII. JAM ON IT HAS SPONSORED AND HELPED SUBSIDIZE OVER 650 YOUTHS TRAVELING TO REGIONAL AND NATIONAL TOURNAMENTS, INCLUDING TRANSPORTATION AND LODGING.JAM ON IT SPONSORED 60 DISADVANTAGED YOUTHS TO OUR BASKETBALL TOURNAMENT IN HAWAII. IN ADDITION TO PARTICIPATION IN THE TOURNAMENT, THE SPONSORSHIP INCLUDED AIRFARE, HOTEL, MEALS, AND ENTERTAINMENT.JAM ON IT SPONSORED AND HELPED SUBSIDIZE SEVERAL TRAVELING TEAMS TO COLLEGE VIEWING TOURNAMENTS AROUND THE COUNTRY WHERE PLAYERS ARE EXPOSED TO COLLEGE COACHES AND INCREASE THE LIKELIHOOD OF COLLEGE SCHOLARSHIPS. THE SUBSIDY AIDED IN TRANSPORTATION AND LODGING TO TOURNAMENTS IN VIRGINIA, CALIFORNIA, MINNESOTA, KENTUCKY, TENNESSEE, AND GEORGIA. JAM ON IT OFFERS SEVERAL FUNDRAISING OPPORTUNITIES THROUGHOUT THE YEAR IN ORDER TO OFFSET THE COSTS OF THE MANY TRAVEL EXPENSES ASSOCIATED WITH THESE TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharice Green Trustee | Trustee | 40 | $5,833 |
Michael Williams Trustee | Trustee | 40 | $4,200 |
Matthew Williams CEO | OfficerTrustee | 40 | $0 |
Clint Welch President | OfficerTrustee | 1 | $0 |
Mary Maultsby Trustee | Trustee | 1 | $0 |
Joe Gura Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Sports Consulting Age | 12/30/19 | $200,263 |
Shawn Flowers | 12/30/19 | $125,960 |
American Heritage Academy | 12/30/19 | $110,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,915 |
| 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 | $6,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,064 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,547 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $33,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,986 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,917 |
| Advertising and promotion | $6,707 |
| Office expenses | $0 |
| Information technology | $18,308 |
| Royalties | $0 |
| Occupancy | $179,715 |
| Travel | $74,322 |
| 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 | $80,231 |
| Insurance | $99,948 |
| All other expenses | $0 |
| Total functional expenses | $1,144,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $37,100 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $285,668 |
| Accounts payable and accrued expenses | $4,079 |
| 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 | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,079 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $261,589 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jam On It Basketball Academy Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |