Positive Youth Network Inc
- Assets
- $333.5k
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 80-0752655
Organization Overview
Positive Youth Network Inc, operating under the name Loudoun Basketball Academy and Bulldog Basketball, is located in Ashburn, VA. The organization was established in 2016. According to its NTEE Classification (N71) the organization is classified as: Olympics, 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. Loudoun Basketball Academy and Bulldog 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 12/2022, Loudoun Basketball Academy and Bulldog Basketball generated $382.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $336.6k during the year ending 12/2022. While expenses have increased by 18.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POSITIVE YOUTH NETWORK PROVIDES YOUTH LEADERSHIP OPPORTUNITIES AND TEAM BUILDING ACTIVITIES TO ASSIST LOCAL YOUTH IN DEVELOPING THE SKILLS AND CONFIDENCE TO BE SUCCESSFUL IN LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF MULTI-TIERED TEAMS THAT TRAVEL AND COMPETE AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS FOSTERING THE DEVELOPMENT OF LEADERSHIP, TEAMWORK, RESPECT, AND DISCIPLINE
ORGANIZATION OF LOCAL SKILLS CLINES LEAD BY HIGH SCHOOL AND COLLEGE PLAYERS. HIGH SCHOOL AND COLLEGE PLAYERS DEVELOP THEIR LEADERSHIP AND ORGANIZATIONAL SKILLS WHILE TEACHING PARTICIPANTS BASKETBALL AND SERVING AS ACADEMIC AND ATHLETIC ROLL MODELS. PARTICIPANTS LEARN VALUABLE LIFE LESSONS SUCH AS DISCIPLINE, RESPECT, AND TEAM WORK.
ORGANIZATION OF LOCAL SUMMER LEAGUE THAT SERVES AREA YOUTH FROM 3RD TO 11TH GRADE. HIGH SCHOOL AND COLLEGE YOUTH ORGANIZE AND MANAGE THE LEAGUE LEARNING SKILLS NECESSARY TO OPERATING A BUSINESS ENDEAVOR. PARTICIPANTS IN THE LEAGUES ARE PROVIDED WITH OPPORTUNITIES TO COMPETE PUTTING THEIR COMMUNICATION, CONFLICT, AND TEAMWORK SKILLS TO USE.
TRYOUTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Fuller Treasurer | Officer | 5 | $0 |
Kent Kling Chairman Of The Board And President | Officer | 30 | $0 |
Denise Kling Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $382,297 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,297 |
| 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. | $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 | $22,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,059 |
| Advertising and promotion | $3,200 |
| Office expenses | $3,604 |
| Information technology | $1,145 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,404 |
| All other expenses | $11,365 |
| Total functional expenses | $336,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,542 |
| 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 | $333,542 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $333,542 |
| Total liabilities and net assets/fund balances | $333,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Positive Youth Network Inc has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Partnership Washington, DC | $9,447,960 | $10,396,673 |
Coast Guard Blue Dolphins Swim Club Yorktown, VA | $59,986 | $1,421,830 |
Whaler Nation Inc Chesapeake, VA | $468,975 | $1,126,759 |
Positive Youth Network Inc Ashburn, VA | $333,542 | $382,297 |
Arlington Sports Inc Washington, DC | $11,404 | $0 |
Charlotte Curling Association Charlotte, NC | $1,906,107 | $122,876 |
Usa Track & Field Inc Garner, NC | $319,724 | $0 |
Chattanooga Takedown Club Chattanooga, TN | $4,060 | $63,571 |
West Kentucky Archery Association Inc Madisonville, KY | $37,486 | $0 |
Palma Promotions Inc Mineral, VA | $0 | $0 |
Corporation Is Crowder Dancesport Nonprofit Corporation Eden, NC | $9,828 | $0 |
High Performance Equestrian Foundation Middleburg, VA | $15,048 | $0 |