Nonprofit · EIN 56-2237520
BASKETBALL CLUB OF WNC INC
Tax-exempt · ASHEVILLE, NC 28814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $163,575 | $158,641 | $4,934 | $9,663 | $25,000 | -$15,337 |
| December 31, 2023 | 990-EZ | $169,667 | $165,410 | $4,257 | $5,326 | $25,597 | -$20,271 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $124,015
- Program service revenue
- $39,560
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $760
- Occupancy
- $20,857
- Printing, publications and postage
- $2,410
- Other expenses
- $134,614
- Program services (functional)
- $143,688
Balance sheet and other
- Total assets, start of year
- $5,326
- Total assets, end of year
- $9,663
- Total liabilities, end of year
- $25,000
- Net assets, end of year
- -$15,337
- Cash, savings and investments
- $9,663
- Gross receipts
- $163,575
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY FERGUSON | PRESIDENT | 5 | $0 |
| JOE CARRINGTON | V-P | 15 | $0 |
| COLLEEN THOMPSON | SECTY/TREAS | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY FERGUSON | PRESIDENT | 5 | $0 |
| JOE CARRINGTON | V-P | 15 | $0 |
| COLLEEN THOMPSON | SECTY/TREAS | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8666, ASHEVILLE, NC 28814-8666
- In care of
- % B B MASSAGEE III
- Signed the 990-EZ
- JOSEPH CARRINGTON, VICE PRESIDENT
- Phone
- (828) 251-5107
- Website
- www.ladyroyals.org
- Return prepared by
- LE BLANC CPA LIMITED
Mission
TO FOSTER THE PHYSICAL, MENTAL AND EMOTIONAL GROWTH AND DEVELOPEMENT OF THE CHILDREN IN WESTERN NORTH CAROLINA THROUGH AMATEUR BASKETBALL UNDER AMATEUR ATHELETIC UNION AND
Program accomplishments
- PROVIDED BASKETBALL TEAM COACHING, UNIFORMS, GYM FACILITIESAND TOURNAMENT MANAGEMENT FOR OVER 294 MEMBERS AGES8 TO 18 IN WESTERN NORTH CAROLINA.Expenses $143,688
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2237520
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $9,663
- Income (IRS master file)
- $163,575
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $163,575 | $158,641 | $9,663 | IRS |
| 990-EZ | December 2023 | $169,667 | $165,410 | $5,326 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2237520).
Questions about BASKETBALL CLUB OF WNC INC
- What is the EIN of BASKETBALL CLUB OF WNC INC?
- The employer identification number (EIN) of BASKETBALL CLUB OF WNC INC is 56-2237520.
- Is BASKETBALL CLUB OF WNC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to BASKETBALL CLUB OF WNC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BASKETBALL CLUB OF WNC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BASKETBALL CLUB OF WNC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BASKETBALL CLUB OF WNC INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of BASKETBALL CLUB OF WNC INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BASKETBALL CLUB OF WNC INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $163,575, expenses of $158,641 and total assets of $9,663 at year end.
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