Civic Intelligence

Profound Basketball Academy

990EZ • Fiscal year 2023 • EIN 92-1599460

Sep 01, 2022 to Aug 31, 2023 • Filed on Jan 16, 2024

Organization ProfilePROFOUNDBASKETBALLACADEMY.NET
16023 91st Ave SESnohomish, WA 98296

(425) 922-7003

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

61st percentile

9.8%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$10,654

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

$17,953

No earlier filing loaded for comparison.

Net Assets

$17,953

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin61st percentile

Revenue

$105,811

No earlier filing loaded for comparison.

Expenses

$95,440

No earlier filing loaded for comparison.

Net Income

$10,371

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20K$15K$10K$5.0K$0Assets 2023: $17,953Liabilities 2023: $0Net Assets 2023: $17,9532023

Highlighted filing

2023

Assets$17,953
Liabilities$0
Net Assets$17,953
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2023: $105,811Expenses 2023: $95,440Net Income 2023: $10,3712023

Highlighted filing

2023

Revenue$105,811
Expenses$95,440
Net Income$10,371
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jan 16, 2024
Return Version
2022v5.0
Gross Receipts
$110,517
Mission and Program Overview

Mission

At profound basketball academy, our goal is to help our players find their inner professional. We strive to promote a positive culture and teach our players the physical and psychological skills to succeed in basketball and beyond.

Program Services

DescriptionGrantsExpenses
PROFOUND BASKETBALL ACADEMY IS A HOLISTIC YOUTH BASKETBALL PROGRAM WITH A SPECIFIC EMPHASIS ON DEVELOPING PLAYERS' PHYSICAL AND PSYCHOLOGICAL SKILL SETS. DURING OUR SEASON, PLAYERS COMPLETE A MULTI-WEEK CURRICULUM, WHICH IS UNIQUELY DESIGNED TO HELP BUILD NEW PSYCHOLOGICAL SKILLS AND GAIN A BROADER PERSPECTIVE. PLAYERS AND PARENTS BOTH HAVE THE OPPORTUNITY TO PARTICIPATE IN PROGRAM-WIDE SPORT PSYCHOLOGY SESSIONS WHERE WE DISCUSS THE BEST WAYS TO IMPROVE OUR MINDS AND SUPPORT OUR KIDS.$0$95,440
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSH REISMANDirector Of Basketball OperationsPT$10,654-$10,654
JOHN WYGANTPresident/Executive DirectorPT$8,000-$8,000
Filing and Contact Details

Filer

Filer Name
Profound Basketball Academy
EIN
92-1599460
Phone
4259227003
Address
16023 91ST AVE SE, SNOHOMISH, WA 98296

Signing Officer

Name
John Wygant
Title
Executive Director
Phone
4259227003
Signed
2024-01-16
Discuss with paid preparer
Yes

Preparer

Firm
Toomey & Toomey Cpas Pllc
Address
PO BOX 1370, BURLINGTON, WA 98233-0617
Preparer
Daniel J Toomey
Phone
3604240833
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest. Amount: 8.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising and social media. Amount: 2,977. Description: fundraising expenses. Amount: 159. Description: bank fees and service charges. Amount: 150. Description: membership and subscriptions. Amount: 771. Description: supplies and materials. Amount: 818. Description: tournament fees. Amount: 14,357. Description: travel. Amount: 865. Description: uniforms. Amount: 8,664. Total to form 990-ez, line 16: 28,761.”

Raw XML Appendix141 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0JOHN WYGANT
IRS990EZ/BooksInCareOfDetail/PhoneNum04259227003
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt016023 91ST AVE SE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SNOHOMISH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098296
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07582
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt017953
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt04706
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt010371
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt034101
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07582
IRS990EZ/Form990TotalAssetsGrp/EOYAmt017953
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-2081
IRS990EZ/GrossReceiptsAmt0110517
IRS990EZ/GroupExemptionNum01155
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/InvestmentIncomeAmt08
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07582
IRS990EZ/NetAssetsOrFundBalancesEOYAmt017953
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07582
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt017953
IRS990EZ/OccupancyRentUtltsAndMaintAmt010738
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt18.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt08000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110654
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN WYGANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOSH REISMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR OF BASKETBALL OPERATIONS
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt028761
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0AT PROFOUND BASKETBALL ACADEMY, OUR GOAL IS TO HELP OUR PLAYERS FIND THEIR INNER PROFESSIONAL. WE STRIVE TO PROMOTE A POSITIVE CULTURE AND TEACH OUR PLAYERS THE PHYSICAL AND PSYCHOLOGICAL SKILLS TO SUCCEED IN BASKETBALL AND BEYOND.
IRS990EZ/PrintingPublicationsPostageAmt03186
IRS990EZ/ProgramServiceRevenueAmt0107884
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROFOUND BASKETBALL ACADEMY IS A HOLISTIC YOUTH BASKETBALL PROGRAM WITH A SPECIFIC EMPHASIS ON DEVELOPING PLAYERS' PHYSICAL AND PSYCHOLOGICAL SKILL SETS. DURING OUR SEASON, PLAYERS COMPLETE A MULTI-WEEK CURRICULUM, WHICH IS UNIQUELY DESIGNED TO HELP BUILD NEW PSYCHOLOGICAL SKILLS AND GAIN A BROADER PERSPECTIVE. PLAYERS AND PARENTS BOTH HAVE THE OPPORTUNITY TO PARTICIPATE IN PROGRAM-WIDE SPORT PSYCHOLOGY SESSIONS WHERE WE DISCUSS THE BEST WAYS TO IMPROVE OUR MINDS AND SUPPORT OUR KIDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt095440
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt018654
IRS990EZ/SaleOfAssetsGrossAmt02625
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt095440
IRS990EZ/TotalProgramServiceExpensesAmt095440
IRS990EZ/TotalRevenueAmt0105811
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0PROFOUNDBASKETBALLACADEMY.NET
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0107884
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0107884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0107884
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0107884
IRS990ScheduleA/Total509Grp/TotalAmt0107884
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0107892
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0107892
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 8.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING AND SOCIAL MEDIA. AMOUNT: 2,977. DESCRIPTION: FUNDRAISING EXPENSES. AMOUNT: 159. DESCRIPTION: BANK FEES AND SERVICE CHARGES. AMOUNT: 150. DESCRIPTION: MEMBERSHIP AND SUBSCRIPTIONS. AMOUNT: 771. DESCRIPTION: SUPPLIES AND MATERIALS. AMOUNT: 818. DESCRIPTION: TOURNAMENT FEES. AMOUNT: 14,357. DESCRIPTION: TRAVEL. AMOUNT: 865. DESCRIPTION: UNIFORMS. AMOUNT: 8,664. TOTAL TO FORM 990-EZ, LINE 16: 28,761.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN WYGANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04259227003
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROFOUND BASKETBALL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PROF
ReturnHeader/Filer/EIN0921599460
ReturnHeader/Filer/PhoneNum04259227003
ReturnHeader/Filer/USAddress/AddressLine1Txt016023 91ST AVE SE
ReturnHeader/Filer/USAddress/CityNm0SNOHOMISH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098296
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823884698
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOOMEY & TOOMEY CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0982330617
ReturnHeader/PreparerPersonGrp/PhoneNum03604240833
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J TOOMEY
ReturnHeader/ReturnTs02024-01-16T11:21:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WYGANT
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,953
Liabilities
$0
Net assets
$17,953
Revenue
$105,811
Expenses
$95,440
Net income
$10,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$1.06$0.95$0.10