Is Cedarburg Basketball Club Inc Legit?

Cedarburg Basketball Club Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $100,000 to $140,000 in recent years. The organization has shown growth in its net assets, increasing from $29,695 in 2016 to $127,341 in 2023, indicating sound financial management and accumulation of resources. Their latest reported assets are $193,656 against a latest revenue of $177,099, suggesting a healthy asset base relative to their annual income. The organization's spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most recent years (e.g., $139,190 revenue vs. $113,494 expenses in 2023). A key indicator of their operational efficiency and commitment to mission is the reported 0% officer compensation across all filings, which suggests that leadership is likely volunteer-based, minimizing administrative overhead. This practice significantly contributes to a higher proportion of funds being directed towards program services. Transparency is high given the consistent filing of IRS Form 990s over 12 periods, providing a clear historical financial record. The absence of officer compensation also simplifies financial scrutiny, as there are no complex executive pay structures to analyze. Overall, Cedarburg Basketball Club Inc appears to be a financially healthy and efficiently run organization with a strong commitment to its program, supported by its consistent asset growth and lack of executive compensation.