News Release Basketball
- Assets
- $59.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, CO
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 95-4002538
Organization Overview
News Release Basketball, operating under the name Steve Sorensen, is located in Louisville, CO. The organization was established in 1986. 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. Steve Sorensen 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 12/2021, Steve Sorensen generated $117.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $102.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHANNELING CHRISTIAN EVANGELISM THROUGH YOUTH BASKETBALL
Describe the Organization's Program Activity:
Part 3
DURING 2017, THE ORGANIZATION CONDUCTED SEVERAL EVENTS IN 20CITIES IN THE UNITED STATES AND EUROPE. THE EVENTS, WHICH INCLUDEDGAMES AND CAMPS, WERE HELD UNDER EIGHT MAJOR PROGRAMS. THIRTY-EIGHTPLAYERS/COACHES AND OVER 1300 MINORS PARTICIPATED IN THESE EVENTS.FIVE COMPLETE TEAMS PLAYED 33 GAMES IN DOMESTIC AND INTERNATIONALCOMPETITION. THE ORGANIZATION PARTNERED WITH 21 OTHER MINISTRIESAND CONDUCTED MORE THAN 30 CAMPS AND CLINICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Von Roenn Director | 1 | $0 | |
Timothy W Bieri Director | 1 | $0 | |
Tom Airey Director | 1 | $0 | |
Sara C Bieri Director | 1 | $0 | |
Steve Sorensen Exec Director | 40 | $0 | |
Content Von Roenn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,331 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,354 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,929 |
| Professional fees and other payments to independent contractors | $630 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,131 |
| Other expenses | $37,110 |
| Total expenses | $102,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,925 |
| Other assets | $0 |
| Total assets | $59,925 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,925 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that News Release Basketball has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Colorado Basketball Club Lone Tree, CO | $15,936 | $269,740 |
Livin The Dream Ministries Inc Gardner, KS | $141,673 | $339,658 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |
Az Fire Basketball Club Chandler, AZ | $13,934 | $215,931 |
Patriots Basketball Club Omaha, NE | $87,279 | $211,754 |
Colorado Soar Basketball Greeley, CO | $82,367 | $0 |
Norris Baseball Association Lincoln, NE | $99,123 | $0 |