First Colony Youth Basketball Association is located in Sugar Land, TX. The organization was established in 1991. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Colony Youth Basketball Association 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 03/2023, First Colony Youth Basketball Association generated $61.2k in total revenue. All expenses for the organization totaled $58.2k during the year ending 03/2023. While expenses have increased by 112.4% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE YOUTH BASKETBALL PRACTICES AND GAMES FOR 300 KIDS USING VOLUNTEERS FOR BOARD MEMBERS AND COACHES. WE RENT GYM SPACES HIRE REFEREES AND SECURITY PURCHASE EQUIPMENT UNIFORMS AND LIABILITY INSURANCE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Post President | 15 | $0 | |
Johnny Johnson Vice President | 5 | $0 | |
Kenneth Boston Jr Treasurer | 5 | $0 | |
Angie Haugen Secretary | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $60,963 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,213 |
| 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 | $11,762 |
| Occupancy, rent, utilities, and maintenance | $28,364 |
| Printing, publications, postage, and shipping | $720 |
| Other expenses | $17,369 |
| Total expenses | $58,215 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,857 |
| Other assets | $0 |
| Total assets | $43,857 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,857 |