Classic Basketball Inc

Organization Overview

Classic Basketball Inc is located in Fort Myers, FL. The organization was established in 1991. 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. Classic Basketball 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 03/2022, Classic Basketball Inc generated $433.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $458.2k during the year ending 03/2022. While expenses have increased by 6.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZE, OPERATE AND PROMOTE THE CITY OF PALMS CLASSIC BOY'S HIGH SCHOOL BASKETBALL TOURNAMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZE, OPERATE AND PROMOTE THE CITY OF PALMS CLASSIC BOY'S HIGH SCHOOL BASKETBALL TOURNAMENT.


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Board, Officers & Key Employees

Name (title)Compensation
John B Naylor
Executive Director
$58,603
Donald E Wilkie Jr
Vice President
$41,400
William C Pollock
President
$0
Dwight R Sedgwick
Director
$0
Ray C Mitchell
Director
$0
Fred Atkins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $18,000
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$18,000
Total Program Service Revenue$407,646
Investment income $7,965
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 $433,611

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