Buckets Basketball Academy

“The organization incurred additional programmatic and administrative expenditures during the year that were not separately listed on Form 990. These costs supported the operation of the youth basketball program and organization activities. League Registration Fees: $19,622.20 was allocated for team participation within organized youth basketball leagues. Tournament Fees: $2,922.92 was expended for entry into competitive basketball tournaments. Uniforms and Equipment: $4,907.64 supported the procurement of basketball uniforms, practice attire, and equipment utilized by teams and players. Team Programs and Events: $710.53 funded activities and events aimed at fostering player development and engagement. Software: $1,180.43 covered software solutions for program management, registration, scheduling, and communication. Storage and Equipment Housing: $516.63 was dedicated to the storage of basketball equipment and other program materials. Promotional Apparel (Marketing): $61.99 was spent on branded apparel intended to promote the organization. Bank and Credit Card Fees: $328.23 accounted for payment processing and banking service charges. Staff/Volunteer Expenses: $47.96 for background checks. Miscellaneous Expenses: $437.35 represented minor operational costs linked to the routine functioning of the organization.”

“Current Liabilities Credit Card Payable This balance reflects outstanding charges on the business credit card at period end, used for program and administrative expenses such as registration fees, rentals, uniforms, equipment, storage, software, and operations. Payment will be made from regular cash flows.”