Fast Break Basketball Association Inc

Overview

Fast Break Basketball Association Inc is a 501(c)(3) nonprofit organization dedicated to promoting basketball by teaching fundamental skills and creating a safe environment for participants. It falls under the category of Recreation, Sports, Leisure, Athletics, with a specific focus on basketball, as classified by the National Taxonomy of Exempt Entities (NTEE).

Operations

The organization operates primarily through program services, which generate the majority of its revenue. Contributions also form a small but important part of its financial structure. Fast Break Basketball Association Inc does not provide grants but focuses on offering programs such as recreational leagues, travel teams, and special needs leagues (Buddy Ball League), catering to diverse skill levels and age groups.

Financial Data

In recent years, the organization's financial profile shows a mix of revenue growth and fluctuations in expenses. For instance, in the fiscal year ending December 2023, the organization reported revenue of approximately $84,300, with about 95.8% coming from program services and 4.2% from contributions[1]. Total assets stood at $121,774, with no liabilities reported.

Governance

The organization is led by a board of trustees, including key personnel like Larry Reiter as the president and trustee, alongside other trustees and vice-presidents such as Kim Ruoff, Allen Unger, and Howard Alexander. None of the key employees or officers receive compensation for their roles, which is typical for many volunteer-driven nonprofits[1].

Mission

Fast Break Basketball Association Inc aims to foster a supportive and educational environment for basketball enthusiasts, emphasizing the development of basketball skills while promoting inclusivity and sportsmanship.

Not to Be Confused

Fast Break Basketball Association Inc should not be confused with other entities, such as Fast Break Labs, a separate organization focused on developing web3 basketball gaming experiences[2].

[1] https://projects.propublica.org/nonprofits/organizations/223470817 [2] https://www.sportsbusinessjournal.com/Daily/Issues/2022/02/25/Technology/web3-basketball-gaming-startup-fast-break-labs-raises-6-million-two-nba-team-owners-invest/ [3] https://fastbreakbasketball.org [4] https://www.guidestar.org/profile/22-3470817 [5] https://www.instrumentl.com/990-report/fast-break-basketball-association-inc