American Roundball Corp Inc
- Assets
- $2.9k
- Revenue
- $247.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Sherman Oaks, CA
- Founding
- 08/1978
- Data as of
- 01/2022
- EIN
- 95-3278229
Organization Overview
American Roundball Corp Inc is located in Sherman Oaks, CA. The organization was established in 1978. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 01/2022, American Roundball Corp Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Roundball Corp 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 01/2022, American Roundball Corp Inc generated $247.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $263.4k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER NATIONAL AMATEUR SPORTS COMPETITION - BASKETBALL LEAGUES, TOURNAMENTS, CAMPS AND CLINICS FOR BOYS AND GIRLS AGES 6 THRU 18.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER NATIONAL AMATEUR SPORTS COMPETITION-BASKETBALL LEAGUES, TOURNAMENTS, CAMPS AND CLINICS FOR BOYS AND GIRLS AGES 6 THROUGH 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Goldberg President & CEO | Officer | 40 | $0 |
Brian Breslin Vice President | 0 | $0 | |
Ronald Quarterman Secretary | 0 | $0 | |
Paul Collins Chief Financial Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $247,104 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,850 |
| 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 | $11,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,652 |
| 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 | $37,478 |
| All other expenses | $0 |
| Total functional expenses | $263,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047 |
| Savings and temporary cash investments | $896 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,001 |
| Total assets | $2,944 |
| 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 | $74,926 |
| Other liabilities | $7,806 |
| Total liabilities | $82,732 |
| 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 | $8,790 |
| Total liabilities and net assets/fund balances | -$79,788 |