Overview
What is Networks Inc?
Networks Inc is a nonprofit organization situated in Apex, North Carolina. Their primary mission is to offer basketball training for children, serving as a foundation for character development. The program provides a nurturing environment outside of school hours, fostering teamwork and instilling strong work ethics. Scholarships are offered to individuals who cannot afford the fees, ensuring inclusivity. With a team of three dedicated employees, Networks Inc strives to positively impact the lives of young basketball enthusiasts while promoting valuable life skills.
Official website here: www.networksbasketball.com
Is Networks Inc legitimate?
Networks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Networks Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $73,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,173
For more financial information, click here
Official website here: www.networksbasketball.com
What is the mission statement of Networks Inc?
Networks Inc, through its mission, focuses on providing basketball instruction for children as a foundation for character development. Scholarships are offered to individuals who cannot afford the costs. The organization conducts clinics to help children enhance their basketball skills, foster teamwork, and instill a strong work ethic. Networks Inc creates a safe and instructive environment outside of school hours, thereby providing an alternative avenue for children's growth beyond the classroom.
Official website here: www.networksbasketball.com
Who is the CEO of Networks Inc?
Michael Hollis is the Board Member of Networks Inc.
Official website here: www.networksbasketball.com
What is the revenue of Networks Inc?
Networks Inc's revenue in 2022 was $190,156.
Official website here: www.networksbasketball.com
Who are the executives of Networks Inc and what are their salaries?
The average compensation at Networks Inc during 2022 was $52,774. There are 3 employees and 4 volunteers at Networks Inc.
Here are 6 key members and their salaries:
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- Compensation: $73,150
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- Other: $0
Official website here: www.networksbasketball.com
Where can I find the form 990 for Networks Inc?
Networks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.networksbasketball.com
Learn more at the official website: www.networksbasketball.com
Mission Statement of Networks Inc
Networks Inc, a non-profit organization, is dedicated to providing basketball instruction for children as a foundation for character development. Their mission is to equip young individuals with the skills necessary for the sport, while simultaneously fostering qualities such as teamwork and work ethics. Recognizing that financial constraints may prevent some children from participating, Networks Inc offers scholarships to those in need. Through its clinics, the organization provides a safe and instructive environment outside of school hours, allowing children to develop their basketball abilities and cultivate essential life skills.
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Impact
October, 2024
Networks Inc significantly impacts the lives of children in Apex, NC, by providing basketball instruction that goes beyond just the sport. By focusing on character development, the organization offers a structured environment where children can learn essential life skills such as teamwork and individual work ethics. Through clinics designed to enhance basketball skills, participants not only improve in athletics but also gain confidence and a sense of community.
Additionally, Networks Inc addresses financial barriers by offering scholarships, ensuring that all children, regardless of their economic situation, have access to these valuable programs. This commitment to inclusivity fosters a diverse environment that enriches the experience for all participants. By promoting a safe and instructive space outside of school hours, Networks Inc plays a crucial role in youth development, helping children grow both on and off the court.
This information is meant to be a general summary of Networks Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3
- Program Service Revenue: $180,728
- Gross Receipts: $190,156
Assets and Liabilities:
- Total Assets: $9,165
- Total Liabilities: $946
- Net Assets: $8,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASKETBALL CLINICS
Revenue
$180,728
Organization Details
Founding Year
1993
Phone
(919) 233-8801Principal Officer
Michael Hollis
Main Address
PO BOX 448, APEX, NC, 275020448
Website
www.networksbasketball.comNTEE Category
Code: N62Z - Recreation
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