Hoop Dreams Foundation Inc
- Assets
- $16.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Meridian, ID
- Founding
- 02/2009
- Data as of
- 12/2020
- EIN
- 26-2758098
Organization Overview
Hoop Dreams Foundation Inc is located in Meridian, ID. The organization was established in 2009. 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. Hoop Dreams Foundation 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 12/2020, Hoop Dreams Foundation Inc generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $99.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HELPED YOUTH DEVELOP PERSONAL CHARACTER, WORK ETHIC, AND TEAMWORK SKILLS BY CONDUCTING BASKETBALL GAMES, TOURNAMENTS, AND CAMPS. FOUNDATION PROVIDES SCHOLARSHIPS AND FINANCIAL AID FOR ELIGIBLE PLAYERS.DURING 2021 YEAR, SEVENTY PLAYERS PARTICIPATED IN SPORTS PROGRAMS. DUE TO COVID, NO SUMMER BASKETBALL CAMPS WERE SCHEDULED.
THE ORGANIZATION HELPED YOUTH DEVELOP PERSONAL CHARACTER, WORK ETHIC, AND TEAMWORK SKILLS BY CONDUCTING BASKETBALL GAMES, TOURNAMENTS, AND CAMPS. FOUNDATION PROVIDES SCHOLARSHIPS AND FINANCIAL AID FOR ELIGIBLE PLAYERS.DURING 2020 YEAR, NINETY PLAYERS PARTICIPATED IN SPORTS PROGRAMS. DUE TO COVID, NO SUMMER BASKETBALL CAMPS WERE SCHEDULED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto C Bergersen Club Manager | 25 | $5,752 | |
Rhonda L Bergersen Business Manager | 25 | $5,752 | |
Brian Luekenga President | 1 | $0 | |
Amanda Hamilton Director | 1 | $0 | |
Cameron Keller Director | 1 | $0 | |
Will Bogan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,032 |
| Total Program Service Revenue | $58,010 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22,778 |
| Total Revenue | $83,820 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,211 |
| Professional fees and other payments to independent contractors | $23,359 |
| Occupancy, rent, utilities, and maintenance | $15,609 |
| Printing, publications, postage, and shipping | $123 |
| Other expenses | $25,076 |
| Total expenses | $99,378 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,635 |
| Other assets | $0 |
| Total assets | $16,812 |
| Total liabilities | $571 |
| Net assets or fund balances | $16,241 |
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