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Classic Basketball Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 650243879 ✦ Fort myers, FL ✦ Designated as a 501(c)(3)

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Overview

What is Classic Basketball Inc?

Classic Basketball Inc, based in Fort Myers, Florida, is a nonprofit organization primarily focused on organizing, operating, and promoting the City of Palms Classic Boys' High School Basketball Tournament. Their mission encompasses the planning and execution of this renowned event, which brings together high school basketball teams from various regions. The organization plays a significant role in fostering competitive spirit and camaraderie among young athletes, contributing to the development of their skills and passion for the sport.


Official website here: www.cityofpalmsclassic.com

What do the Facebook reviews say about Classic Basketball Inc?

96% of 56 reviewers on Facebook recommend Classic Basketball Inc. Here is a summary of their reviews:

Many participants have fond memories associated with the tournaments organized by Classic Basketball Inc., recalling experiences from as far back as 1998. Users appreciate the high level of competition and the opportunity to play alongside or against notable players. The overall sentiment suggests that attendees cherish their time spent at the tournaments, indicating strong engagement and positive experiences related to the organization.

This sense of nostalgia and enjoyment highlights the lasting impact that Classic Basketball Inc. has had on its participants, with many expressing a desire for the tournaments to continue. Overall, it's clear that the nonprofit delivers valuable experiences for basketball enthusiasts.


This AI summary has been generated from reviews found on Facebook.

Is Classic Basketball Inc legitimate?

Classic Basketball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Classic Basketball 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cityofpalmsclassic.com

What is the mission statement of Classic Basketball Inc?

Classic Basketball Inc's mission is centered around organizing, managing, and promoting the City of Palms Classic Boys' High School Basketball Tournament. Their primary goal is to ensure the successful operation of this annual event, which brings together high school basketball teams for friendly competition. By organizing this tournament, they contribute to the growth and development of young basketball players, offering them a platform to showcase their skills and talent. The event also serves as an opportunity for community engagement and fostering a shared love for the sport.


Official website here: www.cityofpalmsclassic.com

Who is the CEO of Classic Basketball Inc?

Brad A Shipley is the President of Classic Basketball Inc.


Official website here: www.cityofpalmsclassic.com

What is the revenue of Classic Basketball Inc?

Classic Basketball Inc's revenue in 2022 was $433,611.


Official website here: www.cityofpalmsclassic.com

Who are the executives of Classic Basketball Inc and what are their salaries?


Here are 12 key members and their salaries:


William C Pollock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald E Wilkie Jr (Vice President)
  • Compensation: $41,400
  • Related: $0
  • Other: $0
Dwight R Sedgwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray C Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Atkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Whitley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Shipley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Mazzara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Doragh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brennan Whitley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Pollock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John B Naylor (Executive Director)
  • Compensation: $58,603
  • Related: $0
  • Other: $0


Official website here: www.cityofpalmsclassic.com

Where can I find the form 990 for Classic Basketball Inc?

Classic Basketball Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cityofpalmsclassic.com

Learn more at the official website: www.cityofpalmsclassic.com

Mission Statement of Classic Basketball Inc

Classic Basketball Inc, as an organization, is dedicated to overseeing, managing, and promoting the City of Palms Classic Boys' High School Basketball Tournament. This tournament serves as the primary focus of the nonprofit, with the aim of organizing, operating, and marketing this notable event in the world of high school basketball. By doing so, Classic Basketball Inc plays a significant role in showcasing top-tier athletic talent and fostering a sense of camaraderie and competition among participating teams.

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Impact




October, 2024

Classic Basketball Inc significantly enhances the community through its organization, operation, and promotion of the City of Palms Classic Boy's High School Basketball Tournament. This event not only showcases young athletic talent but also fosters a sense of community pride and engagement in Fort Myers, Florida. By bringing together teams from various schools, it creates opportunities for healthy competition, sportsmanship, and camaraderie among players, coaches, and fans.

The tournament serves as a platform for high school athletes to gain recognition and exposure, potentially leading to scholarships and advancements in their basketball careers. Additionally, the event attracts families, local businesses, and sports enthusiasts, stimulating the local economy and promoting recreational activities within the area. Overall, Classic Basketball Inc plays a crucial role in enhancing youth sports, community cohesion, and local culture through this celebrated basketball tournament.




This information is meant to be a general summary of Classic Basketball 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.

Revenue
$433,611 (2022)
Expenses
$458,218 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,965
  • Program Service Revenue: $407,646
  • Gross Receipts: $433,611

Assets and Liabilities:

  • Total Assets: $189,433
  • Total Liabilities: $0
  • Net Assets: $189,433

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CITY OF PALMS CLASSIC

Revenue

$407,646

Organization Details

Founding Year

1991

Principal Officer

Brad A Shipley

Main Address

5249 SUMMERLIN COMMONS BLVD 100, FORT MYERS, FL, 33907

NTEE Category

Code: N62Z - Recreation

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