Ridgewood Hoops Club Inc
- Assets
- $148.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 02-0579707
Organization Overview
Ridgewood Hoops Club Inc is located in Ridgewood, NJ. The organization was established in 2003. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood Hoops Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ridgewood Hoops Club Inc generated $113.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $102.5k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Daly Pres | 5 | $0 | |
Peter Thomas Secr | 2.5 | $0 | |
John Lettierri Tres | 5 | $0 | |
Carol Thomas Head Of Operations | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $0 |
| Membership dues | $109,590 |
| Investment income | $2,586 |
| Gain or Loss | $1,096 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,282 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,927 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,043 |
| Total expenses | $102,470 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $147,959 |
| Other assets | $0 |
| Total assets | $147,959 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Philadelphia Youth Basketball Inc Philadelphia, PA | $5,613,028 | $5,515,236 |
North Pittsburgh Youth Hockey Association Warrendale, PA | $437,392 | $1,288,322 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Renegades Southampton, PA | $191,636 | $540,042 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |
Ozanam Inc Pittsburgh, PA | $112,496 | $419,233 |
Mvp Basketball Camps Inc White Plains, NY | $162,806 | $376,016 |
Holcombe Rucker Community League Inc New York, NY | $577,066 | $46,158 |
Palisades Elite Stony Point, NY | $0 | $319,459 |
Mission 5 & 2 Ardmore, PA | $99 | $236,614 |