Usa Basketball
- Assets
- $46.7m
- Revenue
- $26.7m
- Investments
- $12.0m
- Employees
- 34
- Location
- Colorado Springs, CO
- Founding
- 01/1976
- Data as of
- 09/2021
- EIN
- 37-0996441
Organization Overview
Usa Basketball is located in Colorado Springs, CO. The organization was established in 1976. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, USA Basketball employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Basketball 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 09/2021, USA Basketball generated $26.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $22.8m during the year ending 09/2021. While expenses have increased by 7.6% per year over the past 6 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
DEVELOP AND LEAD AN INCLUSIVE BASKETBALL COMMUNITY OF QUALIFIED, CREDIBLE AND DEDICATED COACHES AND ADMINISTRATORS ALL WORKING TO...SEE SCHEDULE O FOR CONTINUATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEN'S SENIOR TEAM
WOMEN'S SENIOR TEAM
3X3 OLY TEAM AND QT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Tooley Ceo/executive Director | Officer | 50 | $406,418 |
Sean Ford National Team Director-Men | Officer | 50 | $280,098 |
Brent Baumberger Chief Financial Officer | Officer | 50 | $263,471 |
Carol Callan National Team Director-Women | Officer | 50 | $254,000 |
Craig Miller Chief Communications Officer | Officer | 50 | $229,874 |
Jay Demings Youth Development Program Dire | Officer | 50 | $162,284 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Volunteers Background Screening | 9/29/21 | $240,519 |
Russ Potts Productions Inc Event Organizer Host | 9/29/21 | $147,303 |
Edward J Lacerte Player Health/sports | 9/29/21 | $102,599 |
Webonize Web Design Services | 9/29/21 | $131,250 |
Mirum Web Design Service | 9/29/21 | $225,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,017 |
| Membership dues | $20,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,791,913 |
| Noncash contributions included in lines 1a–1f | $1,404,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,354,280 |
| Total Program Service Revenue | $110,911 |
| Investment income | $564,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,581,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,707,052 |
| 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. | $2,411,022 |
| Compensation of current officers, directors, key employees. | $475,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,298,601 |
| Pension plan accruals and contributions | $181,775 |
| Other employee benefits | $214,764 |
| Payroll taxes | $187,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,322 |
| Fees for services: Accounting | $18,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $660,538 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $509,343 |
| Royalties | $0 |
| Occupancy | $118,260 |
| Travel | $17,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,481 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,386 |
| Insurance | $226,862 |
| All other expenses | $176,109 |
| Total functional expenses | $22,784,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $2,800,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $945,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $986,611 |
| Prepaid expenses and deferred charges | $94,899 |
| Net Land, buildings, and equipment | $3,642,905 |
| Investments—publicly traded securities | $26,230,564 |
| Investments—other securities | $12,017,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,718,605 |
| Accounts payable and accrued expenses | $2,099,224 |
| Grants payable | $0 |
| Deferred revenue | $1,259,778 |
| 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 | $3,359,002 |
| Net assets without donor restrictions | $43,359,603 |
| 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 | $46,718,605 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Usa Basketball has recieved totaling $1,306,500.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $1,306,500 |
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 |