Rbc Sports Inc
- Assets
- $39.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, MA
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 27-4594523
Organization Overview
Rbc Sports Inc is located in Reading, MA. The organization was established in 2011. 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. Rbc Sports 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 06/2022, Rbc Sports Inc generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $127.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 7 years. 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
RBC OFFERS AMATEUR SPORTS PROGRAMS THAT FOSTER, ENCOURAGE, AND PROMOTE SPORTS TO CHILDREN IN MASSACHUSETTS. RBC SPORTS PROVIDES TRAINING AND EXPOSURE TO CHILDREN WILE FOCUSING ON THE DISADVANTAGED AND ELITE BASKETBALL PLAYERS THAT HAVE THE PTENTIAL TO USE BASKETBALL AS A TOOL TO HELP THEM WITH ASSISTANCE IN GETTING AN EDUCATION. EACH YEAR, MANY OF OUR STUDENT/ATHLETES EARN DIVISION 1 OR DIVISION 2 COLLEGE SCHOLARSHIPS. RBC SPORTS CURRENTLY HAS OVER 20 ELITE LEVEL BASKETBALL PLAYERS CONTRIBUTING AT THE DIVISION 1 AND DIVISION 2 COLLEGE LEVELS. IN 2021, MANY YOUNG MEN HAVE ACCEPTED SUCH SCHOLARSHIPS AND ENROLLED IN COLLEGE IN SEPTEMBER 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Nelson Director | 10 | $0 | |
Vincent Pastore President/treasure | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,000 |
| 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 | $60 |
| Occupancy, rent, utilities, and maintenance | $2,227 |
| Printing, publications, postage, and shipping | $304 |
| Other expenses | $125,025 |
| Total expenses | $127,616 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,898 |
| Other assets | $0 |
| Total assets | $39,898 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Shooting Touch Hyde Park, MA | $603,933 | $1,175,352 |
Amateur Athletic Union Of The United States Meriden, CT | $77,652 | $760,443 |
Coaching For Change Inc Taunton, MA | $1,018,552 | $1,148,634 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Fundamental Hoops Inc North Andover, MA | $33,088 | $499,058 |
Ridgefield Basketball Association Inc Ridgefield, CT | $117,228 | $445,659 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |
Mvp Basketball Camps Inc White Plains, NY | $162,806 | $376,016 |
Holcombe Rucker Community League Inc New York, NY | $577,066 | $46,158 |
Palisades Elite Stony Point, NY | $0 | $319,459 |