BBEXP INC

EIN: 932740997 501(c)(3) Youth Development

ENCINTAS, CA

Total Revenue
$761,907
Total Expenses
$645,893
Total Assets
$116,014
Net Assets
$116,014
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
CA
Principal Officer
MICHAEL MCGILL
Phone
7605007576
Tax Period
2023-09-01 to 2024-08-31

BBEXP INC, founded in 2023, is a small nonprofit in the Youth Development sector that reported $762K in total revenue in fiscal year 2023. The organization ran a surplus of $116K, a strong 15% operating margin.

Mission

Raise money for charities through selling signed (by the Bones Brigade) limited edition collectible skateboarddecks and organizing two one-day nostalgia related events relating to the legendary original 1980s "BonesBrigade" skateboard team. Revenue is donated to the following skateboard related charities, including but notlimited to:The Skatepark Project (skate.org)Grind For Life (grindforlife.org)Skateistan (skateistan.org)

Program Service Accomplishments

Program 1
Expenses: $645,893

The organization over many months planned the following three activities for 2023. There are no more 2023activities scheduled for that year.Activity1Sale of signed limited edition skateboard...

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The organization over many months planned the following three activities for 2023. There are no more 2023activities scheduled for that year.Activity1Sale of signed limited edition skateboard decks.Signed by 8-public figures that are famous originators of skateboarding called, "The Bones Brigade", includingMike McGill and Tony Hawk. The Bones Brigade have had various films, documentaries, and books made of theirlives since the 1980's; hence there is a strong nostalgic demand for fans to meet and greet these legends and alsopay for signed memorabilia.a. Purpose is to sell these skateboard decks online with gross receipts being much larger than cost, with thedifference being primarily the demand for the Bones Brigade signatures in addition to a one-off designedskateboard deck. Each Bones Brigade member donated their time to sign each one of the 600 skateboard decks.This revenue generated will be a significant driver of revenue we can distribute to our chosen skateboard relatedcharities. Having tax exempt status can enable the organization to distribute more revenue to our chosen charities:b. Online through our webstore at www.bbexp.org starting Sept 19. 2023. All 600 skateboards sold out withinfive-weeks.c. All skateboard deck sales are on-line only and sales are processed by our volunteers over a two-month period.As there are many fans willing to help us, the Bones Brigade, we have managed to ensure our non-profit has nopaid employees. Many have donated their time.Activity2THE BONES BRIGADE EXPERIENCE DAY1a: Live VIP day and evening event for 80 VIP guests (ticket purchasers) to meet and greet the Original BonesBrigade members consisting of: live skateboard demonstration, VIP dinner, panel discussion and VIP Q&A, livemusic and photograph with all the Bones Brigade team. The price of ticket also includes various merchandise wecreated for the event and one signed limited edition skateboard deck. This revenue generated from selling 80 VIPtickets is greater than cost and is a significant driver of revenue we will then distribute to our chosen skateboardrelated charities.b and c: Nov 18, 2023. From Noon to 11PM at the Hilton DoubleTree FERA hotel, Anaheim CA and at VANS theBlock, Anaheim CA private skatepark. Many volunteers assisted in this event. We will have approx 130 people atthis event.Activity3THE BONES BRIGADE EXPERIENCE DAY 2a: various live activities on this day to a larger (300) paid audience. All revenue raised goes towards ourorganization. Activities included: Bones Brigade fan Q&A session, signatures and photo opportunity meet andgreet session to each guest, live music (x2), art show and installation.b and c: Nov 19, 2023. From 10:30 to 6:30PM at VANS the Block, Anaheim CA private skatepark. Many volunteersassisted in this event - except for outside security, no paid staff for this event.

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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 $0
Investment Income $0
Other Revenue $761,907
TOTAL REVENUE $761,907

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $645,893
Other Expenses $495,893
TOTAL EXPENSES $645,893

Year-over-Year Comparison

2023 2022 Change
Revenue $761,907 N/A N/A
Expenses $645,893 N/A N/A
Net Income $116,014 N/A N/A
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
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MCGILL CEO 0.00
Director
$0 $0 $0
STACY PERALTA CFO 0.00
Director
$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
2024 $761,907 $645,893 $116,014 $116,014
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