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Nonprofiteer
← GRAND FORKS FASTBREAK CLUB INC

Form 990 for tax year 2023

Filed by GRAND FORKS FASTBREAK CLUB INC.

Totals

Total revenue
$210,877
Total expenses
$217,341
Contributions and grants received
$8,000
Grants paid
$5,000
Program service revenue
$202,864
Investment income
$13
Other revenue
$0
Total assets, end of year
$45,627
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$45,627
Program services expenses (Part IX)
$208,920
Management and general expenses
$8,421
Fundraising expenses
$0
Program service expenses (Part III)
$208,920

Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,000

  • 2a · Program service revenue: FEE INCOME

    total $202,864 · related or exempt $202,864

  • 3 · Investment income

    total $13 · excluded $13

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $27,600 · program services $27,600

  • 11b · Fees: legal

    total $10 · management and general $10

  • 11c · Fees: accounting

    total $1,125 · management and general $1,125

  • 11g · Fees: other

    total $5,438 · program services $5,438

  • 12 · Advertising and promotion

    total $8,689 · program services $7,545 · management and general $1,144

  • 13 · Office expenses

    total $43 · management and general $43

  • 14 · Information technology

    total $216 · management and general $216

  • 16 · Occupancy

    total $24,126 · program services $24,126

  • 19 · Conferences, conventions and meetings

    total $177 · management and general $177

  • 23 · Insurance

    total $5,706 · management and general $5,706

  • 24a · Other expenses: COACHES/SUPERVISORS/WOR

    total $61,512 · program services $61,512

  • 24b · Other expenses: OFFICIALS

    total $42,569 · program services $42,569

  • 24c · Other expenses: TOURNAMENT REGISTRATION

    total $20,780 · program services $20,780

  • 24d · Other expenses: UNIFORMS/APPAREL

    total $6,587 · program services $6,587

  • 24e · All other expenses

    total $7,763 · program services $7,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,091 · end of year $45,627

  • 10a · Land, buildings and equipment: cost or other basis

    $2,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,500

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $52,091 · end of year $45,627

Mission and programs · 2023

Mission

TO PROVIDE A POSITIVE, STRUCTURED ENVIRONMENT FOR ACTIVE PARTICIPATION IN COMPETITIVE BASKETBALL WHILE ALLOWING INDIVIDUAL ATHLETES TO DEVELOP THEIR SKILLS AND ABILITIES TO THE HIGHEST POSSIBLE LEVEL.

  • JUNIOR GRAND AM: PROVIDED BOYS / GIRLS BASKETBALL TOURNAMENT FOR ATHLETES IN GRADES 3 THROUGH HIGH SCHOOL. JUNIOR GRAND AM (JGA) IS A 3 DAY EVENT WITH 9 LOCAL VENUES USED. AVERAGE OF 350 TEAMS FROM AROUND THE REGION PARTICIPATE.

    Expenses $113,735 · Revenue $145,819

  • FALL LEAGUES: YOUTH BASKETBALL LEAGUE FOR BOYS / GIRLS IN GRADES 3 THROUGH 8. PARTICIPANTS PRACTICE 2 NIGHTS PER WEEK AND PLAY GAMES ONCE PER WEEK FOR ABOUT 6 WEEKS. AVERAGE OF 90 PLAYERS.

    Expenses $20,910 · Revenue $26,407

  • SWISH TEAM: ADDITIONAL BASKETBALL PLAYING OPPORTUNITY FOR BOYS / GIRLS IN GRADES 6 THROUGH 11. TEAMS PLAY IN A 3 MONTH SEASON WITH TWICE WEEKLY PRACTICES. TEAMS PARTICIPATE IN 3 - 5 TOURNAMENTS IN THE TWIN CITIES, MN. AVERAGE OF 60 PLAYERS.

    Expenses $53,337 · Revenue $22,763

  • PROVIDED COACHING AND PUT ON TOURNAMENTS FOR YOUTH BASKETBALL PLAYERS - ADDITIONAL PROGRAMS INCLUDE CAMPS, NETS AND ALL-CITY TEAMS.

    Expenses $20,938 · Grants $5,000 · Revenue $7,875

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jody Thompson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jerrod Hanson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.46

  • Trevor Lennon

    VICE PRESIDENT

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.25

  • Jon Strandell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4

  • Val Sussex

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Dan Carlson

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Evan Pederson

    DIRECTOR

    Total calculated
    $2,505
    From this org
    $2,505
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Jacob Wavra -Resigned 62024

    DIRECTOR

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Kent Ripplinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Strom

    DIRECTOR

    Total calculated
    $3,400
    From this org
    $3,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Laura Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Mary Moser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Matt Bakke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Mike Wilber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Nate Carlson

    DIRECTOR

    Total calculated
    $1,789
    From this org
    $1,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Steve Paintner

    DIRECTOR

    Total calculated
    $3,200
    From this org
    $3,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • Tiffany Mannasua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Kirby Krefting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Andrayah Adams -Resigned 62024

    DIRECTOR

    Total calculated
    $1,075
    From this org
    $1,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202443139349301674

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