Colorado Titans Basketball Club
- Assets
- $120.6k
- Revenue
- $938.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Erie, CO
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-4364084
Organization Overview
Colorado Titans Basketball Club is located in Erie, CO. The organization was established in 2009. 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. Colorado Titans Basketball Club 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 12/2021, Colorado Titans Basketball Club generated $938.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $898.7k during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUNG PEOPLE THE OPPORTUNITY TO LEARN THE GAME OF BASKETBALL AND HAVE AN OPPORTUNITY TO PARTICIPATE ON COMPETITIVE BASKETBALL TEAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO TITANS PROGRAM SERVICES AND REVENUE SOURCES THE COLORADO TITANS BASKETBALL CLUB CELEBRATED IT'S 16TH YEAR OF EXISTENCE IN 2021 AND 12TH AS A 501(C)(3) NON-PROFIT CORPORATION. DURING 2021 APPROXIMATELY 300 BOYS AND GIRLS, AGED 11 TO 18, PARTICIPATED ON 30 TEAMS COMPRISED OF 9-10 PLAYERS PER TEAM. ALL PLAYERS ARE REQUIRED TO ATTEND TRYOUTS FOR EACH TEAM TO DETERMINE THE SKILL LEVEL FOR PLACEMENT ON A TEAM THAT BEST FITS THAT PLAYER'S TALENT LEVEL. IT IS VERY IMPORTANT FOR PLAYER DEVELOPMENT TO BE PLACED ON A TEAM THAT NUTURES A PLAYERS SKILLS. ALL TEAMS PARTICIPATE IN LOCAL, WEEKLY LEAGUE GAMES AND TOURNAMENTS. A NUMBER OF OLDER TALENTED TEAMS TRAVEL OUT OF STATE TO HIGH PROFILE TOURNAMENTS FREQUENTED BY COLLEGE RECRUITING COACHES. THIS ALLOWS OUR SENIORS THE OPPORTUNITY TO MEET COACHES AND TO DISPLAY THEIR SKILLS AND TALENTS IN HOPES OF BEING INVITED TO PLAY AT THE NEXT LEVEL. THE PRIMARY GOAL OF THE COLORADO TITANS PROGRAM IS TO PROVIDE AN ENVIRONMENT, FOR ALL PLAYERS, TO LEARN THE GAME OF BASKETBALL AND TO GROW AND MATURE THROUGH THE GUIDANCE OF OUR OUTSTANDING COACHING STAFF. LASTLY, THE COLORADO TITANS TAKE GREAT PRIDE IN THE FACT THAT ANNUALLY, OVER 60% OF OUR HIGH SCHOOL SENIORS COMMITT TO PLAY BALL ST THE NEXT LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Jimenez Chair/treasu | OfficerTrustee | 40 | $102,000 |
Rich Crist Vice Chair | OfficerTrustee | 10 | $32,000 |
Mike Mcqueeney Secretary | OfficerTrustee | $0 | |
Mark Wrapp Board Member | Officer | $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 | $8,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,500 |
| Total Program Service Revenue | $930,242 |
| 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 | $938,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,000 |
| Compensation of current officers, directors, key employees. | $92,000 |
| 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 | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,550 |
| Advertising and promotion | $0 |
| Office expenses | $343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $286,169 |
| 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 | $50 |
| Insurance | $0 |
| All other expenses | $9,472 |
| Total functional expenses | $898,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,921 |
| 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 | $3,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $133 |
| Other assets | $0 |
| Total assets | $120,554 |
| 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 | $120,554 |
| 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 | $120,554 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Colorado Titans Basketball Club has recieved totaling $21,366.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,663 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $8,659 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Colorado Basketball Club Lone Tree, CO | $15,936 | $269,740 |
Livin The Dream Ministries Inc Gardner, KS | $141,673 | $339,658 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |
Az Fire Basketball Club Chandler, AZ | $13,934 | $215,931 |
Patriots Basketball Club Omaha, NE | $87,279 | $211,754 |
Colorado Soar Basketball Greeley, CO | $82,367 | $0 |
Norris Baseball Association Lincoln, NE | $99,123 | $0 |