Perkiomen Valley Youth Basketball Association
- Assets
- $54.2k
- Revenue
- $88.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Collegeville, PA
- Founding
- Data as of
- 06/2021
- EIN
- 55-0793713
Organization Overview
Perkiomen Valley Youth Basketball Association is located in Collegeville, PA. Perkiomen Valley Youth Basketball Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Perkiomen Valley Youth Basketball Association generated $88.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $100.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 4 years. 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
THE GOAL OF THE ORGANIZATION IS TO EDUCATE BOYS AND GIRLS AGES 5 TO 17 ABOUT THE RULES AND MECHANICS OF THE GAMES OF BASKETBALL, FIELD HOCKEY, LACROSSE AND VOLLEYBALL. PROMOTE SPORTMANSHIP AMONGST THE LEAGUE'S PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TEAM UNIFORMS, BALLS, COURTS/FIELDS AND TROPHIES TO ALL LEAGUE PARTICIPANTS.
PROVIDE FINANCIAL ASSISTANCE TO LOCAL NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Boyd President | Officer | $0 | |
Ed Marcavage Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,822 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,822 |
| Total Program Service Revenue | $0 |
| Investment income | $39 |
| 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 | $88,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $1,300 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,573 |
| Information technology | $153 |
| Royalties | $0 |
| Occupancy | $28,937 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,860 |
| Insurance | $1,178 |
| All other expenses | $9,823 |
| Total functional expenses | $100,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,365 |
| 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 | $8,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,154 |
| 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 | $1,235 |
| Total liabilities | $1,235 |
| Net assets without donor restrictions | $0 |
| 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 | $52,919 |
| Total liabilities and net assets/fund balances | $54,154 |
Grants Awarded
Over the last fiscal year, Perkiomen Valley Youth Basketball Association has awarded $4,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PERKIOMEN VALLEY SCHOOL DISTRICT PURPOSE: STUDENT SCHOLARSHIPS AND NEEDY FAMILIES RESIDING IN SCHOOL DISTRICT. | $3,100 |
ST MARY'S FRANCISCAN SHELTER PURPOSE: SUPPORT SHELTER OPERATIONS | $1,000 |
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