Maryland Basketball Academy Inc in Rockville, Maryland (MD)

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Maryland Basketball Academy Inc
Employer Identification Number (EIN)454525127
Name of OrganizationMaryland Basketball Academy Inc
In Care of NameAndrew Meringoff
Address102 Jay Dr, Rockville, MD 20850-4709
SubsectionCharitable Organization
Ruling Date08/2012
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$30,067
Amount of Income$149,709
Form 990 Revenue Amount$149,709
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Basketball


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Amount of income in 2013: $149,709 (it was $34,598 in 2012)
This organization: 

 $149,709
Other organizations performing similar types of work: 

 $64,577

Assets in 2013: $30,067 (it was $26,081 in 2012)
This organization: 

 $30,067
Other organizations performing similar types of work: 

 $12,347

Expenses in 2013: $140,723
This organization: 

 $140,723
Other organizations performing similar types of work: 

 $60,846

Income to expenses ratio in 2013: 1.1
Maryland Basketball Academy Inc: 

 1.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$34,598$149,709
Contributions, gifts, grants, and similar amounts received$2,914$0
Program service revenue including government fees and contracts$0$149,707
Membership dues and assessments$31,684$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$2
Total expenses$19,551$140,723
Total net assets$15,047$24,033
Excess/Deficit for the year$15,047$8,986
Net assets or fund balances at beginning of year$0$15,047
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$15,047$24,033
Balance Sheets
20122013
Total assets$26,081$30,067
Total liabilities$11,034$6,034
Net assets or fund balances$15,047$24,033
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoYes
Total amount involved$0$6,034
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$184,305
Subtotal$184,305
Gifts, grants, contributions, and membership fees received$184,305
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$184,307
Public support$184,305
Subtotal$2
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Together Every1 Achieves More Inc2115 Gwynn Oak Ave, Baltimore, MD 21207-6004MD2010-07$731,995
2Dc Assault Inc7702 Muncy Rd, Landover, MD 20785-2756MD2013-03$220,462
3Maryland Basketball Academy Inc102 Jay Dr, Rockville, MD 20850-4709MD2012-08$149,709
4Upper Chesapeake Basketball Officials Assoc Inc1206 Queensway Ct, Bel Air, MD 21014-6828MD2012-07$118,625
5Basketball Coaches Without Boundaries Inc791 Cromwell Court, Frederick, MD 21701MD2014-08$49,443
6Frank Shircliffe Memorial Basketball League Inc542 Haddon Ave, Cumberland, MD 21502-3801MD2014-06$5,712
7Charles-St Marys Baseball League, Chasm28195 Ben Oaks Drive, Mechanicsville, MD 20659MD2010-04$4,203
8Evergreen Community Club2001 Haverford Circle, Crownsville, MD 21032MD2000-06$1,450
9Air Force Basketball Ole Skool2375 South Hampton Drive, Bryans Road, MD 20616MD2009-08$0
10At-Promise Youth Foundation503 S Curlew Rd, Salisbury, MD 21801MD2002-07$0
11Be More Inc2601 North Howard Street Suite 310, Baltimore, MD 21218MD2008-09$0
12Beechwood Club1230 Mansfield Rd, Oakland, MD 21550-2210MD2014-09$0
13Bethesda Magic Basketball Inc26 Hollyberry Ct, Rockville, MD 20852-4222MD2002-01$0
14Beyond The Rim Inc7017 Rudisill Ct Apt 2b, Baltimore, MD 21244-5437MD2004-04$0
15Boonsboro Area Boys Basketball League Inc, Babbl118 E Oak Ridge Dr Suite 1000, Hagerstown, MD 21740MD2011-10$0
16Bullets Organization2900 Kingsway Road, Fort Washington, MD 20744MD2006-06$0
17Byrds Eye View Tigers3301 Greenmeade Rd, Baltimore, MD 21244-1137MD2011-02$0
18Chesapeake Bay Breakers Basketball Association2127 Espey Court Suite 110, Crofton, MD 21114MD2003-04$0
19Chick Webb Parent Association3824 Sequoia Ave, Baltimore, MD 21215-5406MD2001-07$0
20Coach Rich Basketball Inc20309 Butterwick Way, Montgomery Village, MD 20886MD2010-09$0
Number of organizations performing similar types of work
Alaska8
Alabama27
Arkansas21
Arizona44
California274
Colorado55
Connecticut44
District of Columbia10
Delaware6
Florida162
Georgia87
Hawaii13
Iowa17
Idaho8
Illinois113
Indiana61
Kansas18
Kentucky27
Louisiana26
Massachusetts79
Maryland78
Maine8
Michigan65
Minnesota95
Missouri56
Mississippi8
Montana5
North Carolina90
North Dakota1
Nebraska21
New Hampshire12
New Jersey109
New Mexico16
Nevada18
New York159
Ohio112
Oklahoma29
Oregon49
Pennsylvania95
Rhode Island9
South Carolina29
South Dakota5
Tennessee53
Texas239
Utah10
Virginia90
Vermont5
Washington99
Wisconsin104
West Virginia21
Wyoming4
International5
Total2,799

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