Knights Basketball Academy Midwest
- Assets
- $215.5k
- Revenue
- $572.0k
- Investments
- $0.0
- Employees
- 5
- Location
- St Charles, MO
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4751640
Organization Overview
Knights Basketball Academy Midwest is located in St Charles, MO. The organization was established in 2014. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Knights Basketball Academy Midwest employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knights Basketball Academy Midwest 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, Knights Basketball Academy Midwest generated $572.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $553.7k during the year ending 12/2021. While expenses have increased by 23.1% 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
AMATEUR BASKETBALL CLUB FOCUSED ON INDIVIDUAL PLAYER DEVELOPMENT AS WELL AS TEAM CONCEPTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNIGHTS BASKETBALL ACADEMY IS A NON-PROFIT AMATEUR BASKETBALL CLUB FOCUSED ON INDIVIDUAL PLAYER DEVELOPMENT AS WELL AS TEAM CONCEPTS. WITH OUR ELITE COACHING STAFF, WE ARE CONFIDENT THAT ALL PLAYERS CAN ACHIEVE HIS/HER OWN MAXIMUM POTENTIAL WHILE MAINTAINING EXCELLENT CHARACTER AND INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Montandon Vice President | OfficerTrustee | 40 | $99,200 |
Daniel Rolfes President | OfficerTrustee | 40 | $99,200 |
Kristopher Lovette Director | OfficerTrustee | 8 | $9,280 |
John Duff Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,978 |
| Total Program Service Revenue | $446,684 |
| 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 | $70,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,008 |
| 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. | $207,680 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150 |
| Advertising and promotion | $1,485 |
| Office expenses | $146 |
| Information technology | $4,292 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,096 |
| All other expenses | $41,842 |
| Total functional expenses | $553,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,472 |
| 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 | $215,472 |
| 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 | $8,231 |
| Total liabilities | $8,231 |
| Net assets without donor restrictions | $207,241 |
| 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 | $215,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Forum Of Christian Leaders Wheaton, IL | $307,653 | $1,435,931 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Fab44 Basketball Little Rock, AR | $330,408 | $643,978 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Kentucky Cobras Inc Florence, KY | $27,896 | $450,667 |
Ignite Hoops Arlington Heights, IL | $158,269 | $413,630 |