Linn-Mar Basketball Academy
- Assets
- $2.4k
- Revenue
- $94.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, IA
- Founding
- Data as of
- 06/2022
- EIN
- 87-1478612
Organization Overview
Linn-Mar Basketball Academy is located in Marion, IA. 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. Linn-Mar Basketball Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING BASKETBALL TO YOURTH THROUGH AN AMATEUR BPROGRAM, COMBATING JUVELINE DELIQUIENCY AND LESSINING THE BURDEN OF THE GOVERNMENT BY PROVIDING YOUTH WITH EDUCATIONAL SPORTS ACTIVITIES, FORSTERING NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT FOR COACHES WHO RUN AND TEACH LESSONS, FACILITATE SKILLS CLINICS, OVERSEE TRAVEL, AND WORK CLOSELY WITH PARTICIPANTS TO DEVELOP THEIR SKILLS AND TEACH THEM THE LINN-MAR BASKETBALL PHILOSOPHY WITH A STRONG EMPHASIS ON FUNDAMENTALS, TEAMWORK, WORK ETHIC, AND SPORTSMANSHIP. OCCUPANCY EXPENSE FOR USING FACILITIES FOR PRACTICE, TRAVEL EXPENSES, AND OTHER EXPENSES DIRECTLY RELATED TO THE COACHING AND DEVELOPMENT OF YOUNG ATHLETES. THESE ACTIVITIES SERVE THE EXEMPT PURPOSE TO INSPIRE LOVE OF THE GAME AND EDUCATIONAL EXPERIENCES OF THE PARTICIPANTS.
TOURNAMENT FEES PAID FOR TEAMS TO COMPETE IN VARIOUS COMPETITIONS OVER THE YEAR AS PART OF THE EXEMPT PURPOSE TO PROVIDE AN OPPORTUNITY FOR ANY BOYS, GRADES 3-8, THAT LIVE IN THE LINN-MAR SCHOOL DISTRICT TO DEVELOP THEIR BASKETBALL SKILLS AND GROW THEIR LOVE FOR THE GAME.
PROVISION OF JERSEYS FOR TEAMS FOR USE AT COMPETITIONS NEEDED TO FOSTER TEAM IDENTITY AND FOR THE EXEMPT PURPOSE TO DEVELOP TEAM BASKETBALL SKILLS AND GROW THEIR LOVE FOR THE GAME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Printy Director | Trustee | 0 | $4,500 |
Travis Axeen Director | Trustee | 0 | $650 |
Scott D Nelson Director | Trustee | 0 | $450 |
Joe Nietert Director | Trustee | 0 | $275 |
Larry Gass Director | Trustee | 0 | $0 |
Zach Bohannon Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,663 |
| 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 | $94,663 |
| 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. | $16,099 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| 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 | $4,500 |
| Advertising and promotion | $0 |
| Office expenses | $177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,494 |
| Travel | $797 |
| 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 | $0 |
| All other expenses | $1,426 |
| Total functional expenses | $92,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,447 |
| 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 | $2,447 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $2,447 |
| Total liabilities and net assets/fund balances | $2,447 |