NBN SPORTS ACADEMY INC

EIN: 842000530 501(c)(3) Recreation & Sports

NEW CASTLE, DE

Total Revenue
$51,580
Total Expenses
$178,030
Total Assets
$821,147
Net Assets
$821,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
LONNIE WRIGHT
Phone
3027575944
Tax Period
2023-01-01 to 2023-12-31

NBN SPORTS ACADEMY INC, founded in 2019, is a micro nonprofit in the Recreation & Sports sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $178K exceeded revenue, resulting in a 245% operating deficit.

Mission

OUR MISSION: NOTHING BUT NET SPORTS ACADEMY (NBNSA) IS A 501-C3 NON-PROFIT ORGANIZATION WHOLLY DEDICATED TO PROVIDING DELAWARE YOUTH FROM AGES 4 TO 18 WITH SUPERVISED, FUNDAMENTAL LEARNING EXPERIENCES IN ATHLETICS, ACADEMICS AND LIFE SKILLS. NBNSA PROVIDES FINANCIAL ASSISTANCE FOR ELIGIBLE NBNSA STUDENT ATHLETES, OFFERING ACCESS TO OUR PROGRAMS AND CONTRIBUTING TO EDUCATIONAL EXPENSES INCLUDING TUITION FOR MIDDLE SCHOOL TO COLLEGE/TRADE SCHOOL. TEACH AND COACH SKILLS IN A VARIETY OF SPORTS THROUGH CLINICS, LEAGUES AND COMPETITIONS, WHILE ALSO FACILITATING CHARACTER AND SPORTSMANSHIP DEVELOPMENT PROMOTE, ENCOURAGE AND IMPROVE THE STANDARD OF RECREATIONAL AND AMATEUR SPORTS IN DELAWARE FOSTER THE VALUES OF INTEGRITY, FAIR PLAY, TEAMWORK, MUTUAL RESPECT AND THE PURSUIT OF EXCELLENCE THROUGH HARD WORK DEVELOP SELF-CONFIDENCE, CONCENTRATION, DISCIPLINE AND PHYSICAL FITNESS BY FOCUSING ON THE POSITIVE, FUN ASPECTS OF LEARNING REWARD NBNSA STUDENT ATHLETES WHO EXEMPLIFY OUR MISSION BY PROVIDI

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $51,580
Investment Income $0
Other Revenue $0
TOTAL REVENUE $51,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $126,784
Other Expenses $178,030
TOTAL EXPENSES $178,030

Year-over-Year Comparison

2023 2022 Change
Revenue $51,580 $1,105,279 -1.0%
Expenses $178,030 $157,800 +0.1%
Net Income $-126,450 $947,479 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY ALBANESSE VICE PRESIDE N/A
Officer
$0 $0 $0
BILL PRITCHARD OFFICER N/A
Officer
$0 $0 $0
LONNIE WRIGHT PRESIDENT N/A
Officer
$0 $0 $0
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
2023 $51,580 $178,030 $821,147 $-126,450
2022 $1,105,279 $157,800 $947,597 $947,479
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