Cutthenets

990EZ • Fiscal year 2015 • EIN 20-5385517

Sep 01, 2014 to Aug 31, 2015 • Filed on Nov 20, 2015

Organization Profile WWW.CUTTHENETS.COM

31 Laurelhurst CircleThe Woodlands, TX 77382

(936) 672-7743

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

-19%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

$23,500

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 39.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

-73%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

-58%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet

Liabilities / Assets72nd percentile

Assets

Down

$4,171

Down $11,121 (-73%) from 2014

Net Assets

Down

$3,949

Down $11,343 (-74%) from 2014

Liabilities

$222

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / Revenue59th percentile Net Margin16th percentile

Revenue

Down

$59,292

Down $80,966 (-58%) from 2014

Expenses

Down

$70,634

Down $69,697 (-50%) from 2014

Net Income

Down

-$11,342

Down $11,269 (-15437%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2015

Assets$4,171

Liabilities$222

Net Assets$3,949

Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2015

Revenue$59,292

Expenses$70,634

Net Income-$11,342

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Sep 1, 2014 to Aug 31, 2015
Signed: Nov 20, 2015
Return Version: 2014v5.0
Gross Receipts: $59,445

Mission and Program Overview

Mission

Cutthenets is an innovative, alternative basketball organization striving to better the game through education and learning.

Program Services

Description	Grants	Expenses
TO TEACH AND MENTOR SPORTSMANSHIP, COMPETITIVE SPIRIT, AND LIFE LESSONS THROUGH THE GAME OF BASKETBALL WHILE PROVIDING AN HONEST, SAFE, AND PRODUCTIVE ENVIRONMENT FOR LOCAL YOUTH BASKETBALL PLAYERS.	-	$45,577
TO TEACH AND MENTOR SPORTSMANSHIP, COMPETITIVE SPIRIT, AND LIFE LESSONS THROUGH THE GAME OF BASKETBALL WHILE PROVIDING AN HONEST, SAFE, AND PRODUCTIVE ENVIRONMENT FOR LOCAL YOUTH BASKETBALL PLAYERS.	-	$120

Compensation and Service Providers

Top Officer Pay84th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
WILLIAM BURKHOLDER	President	PT	$23,500	-	$23,500

Filing and Contact Details

Filer

Filer Name: Cutthenets
EIN: 20-5385517
Phone: 9366727743
Address: 31 LAURELHURST CIRCLE, THE WOODLANDS, TX 77382

Signing Officer

Name: William Burkholder
Title: President
Phone: 9366727743
Signed: 2015-11-20
Discuss with paid preparer: Yes

Preparer

Firm: Cloud CPA Firm LLC
Address: 1610 WOODSTEAD COURT SUITE 194, THE WOODLANDS, TX 77380
Preparer: Doris B Cloud
Phone: 2812924858

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 164 office expense 531 utilities 2,641 telephone 1,061 dues / subscriptions 479 entertainment 645 coaching & officiating 42,782 uniforms 16,930 bank charges 12 automobile expense 20 contributions 242 non-investment depreciation 366 total 65,873”

Form 990-ez, Part II, Line 24

“Notes receivable 840 711 equipment - av 29,958 0 less accumulated depreciation 29,439 0 equipment - computer 0 0 equipment - software 0 0 equipment - sports 0 0 furniture & fixtures 0 0 accumulated depreciation 0 0 total 1,359 711”

Form 990-ez, Part II, Line 26

“Current liabilities 0 222”

Form 990-ez, Part III

“Cutthenets is an innovative, alternative basketball organization striving to better the game through education and learning.”

Form 990-ez, Part III, Line 31

“To teach and mentor sportsmanship, competitive spirit, and life lessons through the game of basketball while providing an honest, safe, and productive environment for local youth basketball players.”

Raw XML Appendix132 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	WILLIAM BURKHOLDER
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	9366727443
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	31 LAURELHURST CIRCLE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	THE WOODLANDS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	77382
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	13932
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	3460
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	153
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-11342
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	3093
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	15291
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	4171
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	-153
IRS990EZ/GrossReceiptsAmt	0	59445
IRS990EZ/GroupExemptionNum	0	1155
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	15291
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	3949
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	15291
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	3949
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	1668
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	23500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	WILLIAM BURKHOLDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	1359
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	711
IRS990EZ/OtherExpensesTotalAmt	0	65873
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	CUTTHENETS IS AN INNOVATIVE, ALTERNATIVE BASKETBALL ORGANIZATION STRIVING TO BETTER THE GAME THROUGH EDUCATION AND LEARNING.
IRS990EZ/ProgramServiceRevenueAmt	0	59445
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TO TEACH AND MENTOR SPORTSMANSHIP, COMPETITIVE SPIRIT, AND LIFE LESSONS THROUGH THE GAME OF BASKETBALL WHILE PROVIDING AN HONEST, SAFE, AND PRODUCTIVE ENVIRONMENT FOR LOCAL YOUTH BASKETBALL PLAYERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	TO TEACH AND MENTOR SPORTSMANSHIP, COMPETITIVE SPIRIT, AND LIFE LESSONS THROUGH THE GAME OF BASKETBALL WHILE PROVIDING AN HONEST, SAFE, AND PRODUCTIVE ENVIRONMENT FOR LOCAL YOUTH BASKETBALL PLAYERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	45577
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	120
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	222
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	70634
IRS990EZ/TotalProgramServiceExpensesAmt	0	45697
IRS990EZ/TotalRevenueAmt	0	59292
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.CUTTHENETS.COM
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	59445
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	138665
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	116136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	138729
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	219469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	672444
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	672444
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	59445
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	138665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	116136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	138729
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	219469
IRS990ScheduleA/Total509Grp/TotalAmt	0	672444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	59445
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	138665
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	116136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	138729
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	219469
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	672444
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES ADVERTISING 164 OFFICE EXPENSE 531 UTILITIES 2,641 TELEPHONE 1,061 DUES / SUBSCRIPTIONS 479 ENTERTAINMENT 645 COACHING & OFFICIATING 42,782 UNIFORMS 16,930 BANK CHARGES 12 AUTOMOBILE EXPENSE 20 CONTRIBUTIONS 242 NON-INVESTMENT DEPRECIATION 366 TOTAL 65,873
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	NOTES RECEIVABLE 840 711 EQUIPMENT - AV 29,958 0 LESS ACCUMULATED DEPRECIATION 29,439 0 EQUIPMENT - COMPUTER 0 0 EQUIPMENT - SOFTWARE 0 0 EQUIPMENT - SPORTS 0 0 FURNITURE & FIXTURES 0 0 ACCUMULATED DEPRECIATION 0 0 TOTAL 1,359 711
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	CURRENT LIABILITIES 0 222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	CUTTHENETS IS AN INNOVATIVE, ALTERNATIVE BASKETBALL ORGANIZATION STRIVING TO BETTER THE GAME THROUGH EDUCATION AND LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	TO TEACH AND MENTOR SPORTSMANSHIP, COMPETITIVE SPIRIT, AND LIFE LESSONS THROUGH THE GAME OF BASKETBALL WHILE PROVIDING AN HONEST, SAFE, AND PRODUCTIVE ENVIRONMENT FOR LOCAL YOUTH BASKETBALL PLAYERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	WILLIAM BURKHOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	9366727743
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	CUTTHENETS
ReturnHeader/Filer/BusinessNameControlTxt	0	CUTT
ReturnHeader/Filer/EIN	0	205385517
ReturnHeader/Filer/PhoneNum	0	9366727743
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	31 LAURELHURST CIRCLE
ReturnHeader/Filer/USAddress/CityNm	0	THE WOODLANDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TX
ReturnHeader/Filer/USAddress/ZIPCd	0	77382
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	472605887
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	CLOUD CPA FIRM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1610 WOODSTEAD COURT SUITE 194
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	THE WOODLANDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	77380
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2812924858
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	DORIS B CLOUD
ReturnHeader/ReturnTs	0	2015-12-14T14:57:47-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-09-01
ReturnHeader/TaxPeriodEndDt	0	2015-08-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $4,171
Liabilities: $222
Net assets: $3,949
Revenue: $59,292
Expenses: $70,634
Net income: -$11,342

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2016Detailed filing. Detailed filing data is available for this year.	$0.00		$0.00	$0.38	$0.42	$0.04
2015Detailed filing. Detailed filing data is available for this year.	$0.04	$0.00	$0.04	$0.59	$0.71	$0.11
2014Detailed filing. Detailed filing data is available for this year.	$0.15		$0.15	$1.40	$1.40	$0.00
2013Summary only. Only limited summary data is available for this year.	$0.15	$0.00		$1.16	$1.14	$0.02
2012Summary only. Only limited summary data is available for this year.	$0.14	$0.01		$1.39	$1.51	$0.13
2011Summary only. Only limited summary data is available for this year.	$0.26	$0.00	$0.26	$2.19	$2.68	$0.49