Hip Hop Has Heart Inc
- Assets
- $83.5k
- Revenue
- $35.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 13-3775021
Organization Overview
Hip Hop Has Heart Inc is located in Indianapolis, IN. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hip Hop Has Heart 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 12/2023, Hip Hop Has Heart Inc generated $35.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $5.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary - Term End 01/2023 | 1 | $0 | |
Name Not Listed Treasurer - Term End 01/2023 | 1 | $0 | |
Name Not Listed President | 1 | $0 | |
Name Not Listed Vice President And Secretary | 1 | $0 | |
Name Not Listed Vice President And Treasurer | 1 | $0 | |
Name Not Listed Vice President - Term Beg 01/2023 | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $797 |
| Total Revenue | $35,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $35 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $5,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,534 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $83,534 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hip Hop Has Heart Inc has awarded $18,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES PURPOSE: SPONSORSHIP DONATION | $2,500 |
NEW YORK CARES INC PURPOSE: COAT DRIVE | $1,000 |
WQHT PURPOSE: SECURING THE FUTURE CONTEST | $15,000 |