GYMRAT BASKETBALL LLC

EIN: 680675204 501(c)(3)

GUILDERLAND, NY

Total Revenue
$548,442
Total Expenses
$576,210
Total Assets
$248,342
Net Assets
$128,590
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
JOHN KMACK
Phone
5183308103
Tax Period
2018-09-01 to 2019-08-31

GYMRAT BASKETBALL LLC, founded in 2018, is a small nonprofit that reported $548K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE EVENTS, SERVICES AND ECONOMIC DEVELOPMENT ASSOCIATED WITH GRASSROOTS BASKETBALL AND THE COLLEGE RECRUITING PROCESS. GYMRAT BASKETBALL OPERATES LARGE SCALE YOUTH BASKETBALL EVENTS FOR BOY AND GIRL ATHLETES AGES 12 TO 18. IN CONJUNCTION WITH THOSE EVENTS, GYMRAT BASKETBALL PROVIDES SERVICES THAT ALLOW PLAYERS TO SHOWCASE THEIR SKILLS AND PACKAGE PERTINENT INFORMATION TO COLLEGE COACHES ACROSS THE COUNTRY WHILE ALSO PROVIDING HIGH INTEGRITY AND HIGHLY CREDIBLE GUIDANCE AND INSIGHT INTO THE COLLEGE RECRUITMENT PROCESS. THROUGH ITS EVENTS, GYMRAT BASKETBALL IA AN ECONOMIC ENGINE FOR ITS HOST VENUES. GYMRAT BASKETBALL EVENTS ANNUALLY ATTRACT TENS OF THOUSANDS OF ATHLETES, COACHES, AND SPECTATORS TO ITS HOST VENUES RESULTING IN SIGNIFICANT ECONOMIC AND FISCAL IMPACT FOR THOSE IN THE FORM OF HOTEL BOOKINGS, GENERAL SPENDING, AND TAX REVENUE GENERATION.

Program Service Accomplishments

Program 1
Expenses: $557,286 Revenue: $548,442

THE CURRENT YEAR EVENTS HOSTED OVER 550 BOYS AND GIRLS BASKETBALL TEAMS, MORE THAN 6,000 ATHLETES, AND NEARLY 22,000 VISITORS REPRESENTING APPROXIMATELY TWENTY-FOUR U.S. STATES AND CANADIAN PROVINCES...

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THE CURRENT YEAR EVENTS HOSTED OVER 550 BOYS AND GIRLS BASKETBALL TEAMS, MORE THAN 6,000 ATHLETES, AND NEARLY 22,000 VISITORS REPRESENTING APPROXIMATELY TWENTY-FOUR U.S. STATES AND CANADIAN PROVINCES AND COVERING A GEOGRAPHIC REACH FROM TEXAS TO TORONTO, MONTREAL TO MIAMI, AND BEYOND. OVER 300 COLLEGE COACHES ATTENDED THIS YEAR'S EVENTS EVALUATING PERSPECTIVE COLLEGIATE STUDENT ATHLETES. AS PART OF THAT PROCESS THOUSANDS OF ATHLETES ACTIVELY UTILIZED THE SERVICES PROVIDED THROUGH GYMRAT BASKETBALL'S GYMRAT RECRUITING INDEX TO ENHANCE THEIR PROFILES TO COLLEGE COACHES AROUND THE NATION. MORE THAN 50% OF EVENT PARTICIPANTS HAVE GONE ON TO PLAY COLLEGE BASKETBALL AT SOME LEVEL COMPARED TO THE NATIONAL AVERAGE OF LESS THAN 3% OF HIGH SCHOOL PLAYERS, THEREBY PROVIDING OPPORTUNITY TO ATHLETES WHO MAY NOT HAVE HAD THE OPPORTUNITY TO ATTEND COLLEGE AND PLAY COLLEGE BASKETBALL. THE EVENT PROVIDED A CURRENT ANNUAL ECONOMIC AND FISCAL IMPACT OF OVER $19.6 MILLION TO NEW YORK STATE'S CAPITAL DISTRICT ECONOMY, $4.7 MILLION OF THIS RELATED TO PROVIDING JOB SUPPORT. THE GYMRAT CHALLENGE EVENT HAS BEEN RECOGNIZED AS BOTH A USA BASKETBALL ALLIANCE TOURNAMENT AND AN OFFICIAL QUALIFIER FOR THE JR. NBA GLOBAL CHAMPIONSHIPS BEING ONE OF ONLY TWO EVENTS IN THE COUNTRY TO RECEIVE THIS ENDORSEMENT FOR BOTH USA BASKETBALL AND THE NBA WHO ARE TWO OF WORLD'S FOREMOST BASKETBALL AUTHORITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $548,442
Investment Income $0
Other Revenue $0
TOTAL REVENUE $548,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,689
Fundraising Expenses $0
Program Expenses $557,286
Other Expenses $518,521
TOTAL EXPENSES $576,210

Year-over-Year Comparison

2018 2017 Change
Revenue $548,442 $590,376 -0.1%
Expenses $576,210 $434,018 +0.3%
Net Income $-27,768 $156,358 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
1
Independent Members
1
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$53,539
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN KMACK DIRECTOR 40.00
Director
$53,539 $0 $53,539
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $548,442 $576,210 $248,342 $-27,768
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