Newton Metrowest Basketball Inc
- Assets
- $51.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-2839522
Organization Overview
Newton Metrowest Basketball Inc is located in Newton, MA. The organization was established in 2017. 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. Newton Metrowest 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 12/2022, Newton Metrowest Basketball Inc generated $198.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $191.2k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
- SUPPORT, PROMOTE AND SPONSOR YOUTH TRAVEL BASKETBALL FOR BOYS AND GIRLS GRADES 4 THROUGH 8 IN THE METROWEST BASKETBALL LEAGUE.- TEACH BASKETBALL TO BOYS AND GIRLS GRADES 4 THROUGH 8 IN THE METROWEST BASKETBALL LEAGUE.- PARTICIPATE IN ANY OTHER ACTIVITIES COMPATIBLE WITH THE PURPOSES OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Gentile Treasurer | 5 | $0 | |
Robert R Pierce Clerk | 5 | $0 | |
Ted Tye President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,500 |
| Total Program Service Revenue | $187,433 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,933 |
| 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 | $2,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $188,581 |
| Total expenses | $191,231 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,186 |
| Other assets | $0 |
| Total assets | $51,186 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Shooting Touch Hyde Park, MA | $603,933 | $1,175,352 |
Amateur Athletic Union Of The United States Meriden, CT | $77,652 | $760,443 |
Coaching For Change Inc Taunton, MA | $1,018,552 | $1,148,634 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Fundamental Hoops Inc North Andover, MA | $33,088 | $499,058 |
Ridgefield Basketball Association Inc Ridgefield, CT | $117,228 | $445,659 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |
Mvp Basketball Camps Inc White Plains, NY | $162,806 | $376,016 |
Holcombe Rucker Community League Inc New York, NY | $577,066 | $46,158 |
Palisades Elite Stony Point, NY | $0 | $319,459 |