Nebraska Supreme
- Assets
- $16.3k
- Revenue
- $129.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- Data as of
- 12/2022
- EIN
- 87-2453909
Organization Overview
Nebraska Supreme is located in Lincoln, NE. 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. Nebraska Supreme 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
OUR TAGLINE "DEVELOPING PLAYERS. BUILDING PROFESSIONALS." GOES BEYOND BASKETBALL WITH OUR PLAYERS. WE BELIEVE IN DEVELOPING EACH PLAYER ON OUR TEAMS INTO A PROFESSIONAL PERSON WHETHER THAT IS THE OPPORTUNITY TO EVENTUALLY BE AN NBA PLAYER, OVERSEAS PROFESSIONAL BASKETBALL PLAYER, OR MOST COMMONLY A PROFESSIONAL IN THEIR FUTURE CHOSEN CAREER PATH. WE BELIEVE BASKETBALL IS ONE OF THE GREATEST TEACHING TOOLS TO EQUIP THESE YOUNG MEN AND WOMEN FOR LIFE AND CITIZENSHIP. WE BELIEVE IN CHRISTIAN VALUES AND TEACH THESE FUNDAMENTAL PRINCIPLES TO OTHERS TO HELP THEM OVERCOME LIFE'S CHALLENGES. NEBRASKA SUPREME IS FOCUSED ON HELPING STUDENT ATHLETES IN THE NEBRASKA AND SURROUNDING STATES TERRITORY. ONE OF NEBRASKA SUPREME'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. WE ARE GRATEFUL FOR OUR DONORS' SUPPORT THAT IS NECESSARY TO FULFULL THIS VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEBRASKA SUPREME WAS ABLE TO PROVIDE FINANCIAL ASSISTANCE TO OVER 30 BASKETBALL PLAYERS IN THE 2022 SEASON ENDING 7/31/2022. BECAUSE OF THE TRAVELING BASKETBALL OPPORTUNITIES, OUR PLAYERS RECEIVED OVER 39 COLLEGE SCHOLARSHIP OFFERS IN 2022. WE WERE ALSO ABLE TO PROVIDE MANY MEALS AND NUTRITIONAL PLANS TO PLAYERS IN FINANCIAL NEED. OUR TAGLINE "DEVELOPING PLAYERS. BUILDING PROFESSIONALS." GOES BEYOND BASKETBALL WITH OUR PLAYERS. WE BELIEVE IN DEVELOPING EACH PLAYER ON OUR TEAMS INTO A PROFESSIONAL PERSON WHETHER THAT IS THE OPPORTUNITY TO EVENTUALLY BE AN NBA PLAYER, OVERSEAS PROFESSIONAL BASKETBALL PLAYER, OR MOST COMMONLY A PROFESSIONAL IN THEIR FUTURE CHOSEN CAREER PATH. WE BELIEVE BASKETBALL IS ONE OF THE GREATEST TEACHING TOOLS TO EQUIP THESE YOUNG MEN AND WOMEN FOR LIFE AND CITIZENSHIP. WE BELIEVE IN CHRISTIAN VALUES AND TEACH THESE FUNDAMENTAL PRINCIPLES TO OTHERS TO HELP THEM OVERCOME LIFE'S CHALLENGES. NEBRASKA SUPREME IS FOCUSED ON HELPING STUDENT ATHLETES IN THE NEBRASKA AND SURROUNDING STATES TERRITORY. ONE OF NEBRASKA SUPREME'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. HOWEVER WE ARE NOT ABLE TO FULFILL THIS VISION WITHOUT YOUR SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cumro Director | Officer | 10 | $0 |
Mike Mackie Director | Officer | 10 | $0 |
Brian Willet Director | Officer | 10 | $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 | $92,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,600 |
| Total Program Service Revenue | $36,595 |
| Investment income | $11 |
| 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 | $129,206 |
| 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 | $3,754 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $1,986 |
| Office expenses | $12 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81,366 |
| 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 | $579 |
| All other expenses | $1,575 |
| Total functional expenses | $112,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,263 |
| 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 | $16,263 |
| 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 | $16,263 |
| 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 | $16,263 |