NOVEL DREAMS ATHLETICS INC Aka Atlanta Nets
Nonprofit profile at a glance
- EIN
- 463805197
- IRS 990-EZ coverage
- 2015–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2014
- Location
- Lithia Springs, GA, USA
- Phone
- 6788716387
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Basketball
Reported finances
- Revenue
- $55,668
- Expenses
- $29,972
- Assets
- $25,050
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Calvin Nash (Director and President)
People named in this filing
- Calvin Nash (Director and President)
- Thayer Hickman (Assistant Director)
- Jernane Williams (Director of Basketball Operations)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to use the essential skills of discipline, hard-work, and perseverance, learned through the sport of basketball to nurture the student-athlete. Scholastics and athleticism can be instrumental in developing life-long skills that will lead to overall personal success.
What it reported doing in 2015
We had more than 50 youth athletes participate in our program during the Spring and Summer travel ball season. Our teams ranked in the top 10% of Nationally ranked teams in the United States Basketball Association (USBA). We started a Winter recreational league in the Douglasville, GA area, where fundamental basketball skills were taught and demonstrated in real basketball situations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 82
- Sustainability: 71
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.8%; rating input score 32
- Program expense ratio: 59.1%; rating input score 59
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 46.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0.84; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 31.8% of revenue deployed · 59.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $18K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.