Hoop Avenues Elite
- Assets
- $65.6k
- Revenue
- $214.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 38-3954786
Organization Overview
Hoop Avenues Elite is located in Evanston, IL. The organization was established in 2015. 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 Avenues Elite 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 12/2021, Hoop Avenues Elite generated $214.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $207.0k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POWERHOUSE SPORTS CORPORATION PROVIDES STUDENT-ATHLETES WITH THE BEST INSTRUCTIONS, COMPETITION, AND EXPOSURE. TOGETHER, WITH OUR AFFILIATE, HOOP AVENUES ATHLETICS, WE PROVIDE A SKILL DEVELOPMENT AND TECHNICAL BASED APPROACH. POWERHOUSE SPORTS CORPORATION PROVIDES EACH AND EVERY TEAM WITH AN OPPORTUNITY TO COMPETE AT THE HIGHEST LEVELS OF PLAY, BOTH REGIONALLY AND NATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUIDED BY RELENTLESS FOCUS ON THE YOUTH OF THE COMMUNITY, POWERHOUSE SPORTS CORPORATION PROVIDES A PROGRAM WHICH PRIDES ITSELF ON TEACHING NOT ONLY THE SKILLS NEEDED FOR BASKETBALL, SPORTSMANSHIP, OR PHYSICAL ACTIVITY, BUT MOST IMPORTANTLY CHARACTER DEVELOPMENT. OUR PROGRAM SUPPLIES THE OPPORTUNITY FOR YOUNG STUDENT ATHLETES TO DEVELOP EVERLASTING FRIENDSHIPS AND RELATIONSHIPS, BUT ALSO THE OPPORTUNITY TO CONTINUE TO REACH AND SURPASS THEIR BASKETBALL ASPIRATION.POWERHOUSE SPORTS CORPORATION HAS INCREASED IT'S REVENUE FROM ACTIVITIES PROVIDING COACHING AND COMPETITION IN THE SPORT OF BASKEBTALL TO THE COMMUNITY OF EVANSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph Meo President | OfficerTrustee | 5 | $17,500 |
Jetter Gibson Director | OfficerTrustee | 5 | $17,500 |
Gordon Rosenberg Coach | Trustee | 5 | $7,650 |
Dan Marchan Coach | Trustee | 5 | $7,000 |
Travis Jameson Coach | Trustee | 5 | $6,580 |
Adrian Dejesus Coach | Trustee | 5 | $5,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $214,410 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $286 |
| Fees for services: Accounting | $3,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $375 |
| Office expenses | $6,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,598 |
| Total functional expenses | $207,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,560 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $65,560 |
| Total liabilities and net assets/fund balances | $65,560 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hoop Avenues Elite has recieved totaling $6,532.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Forum Of Christian Leaders Wheaton, IL | $307,653 | $1,435,931 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Kentucky Cobras Inc Florence, KY | $27,896 | $450,667 |
Ignite Hoops Arlington Heights, IL | $158,269 | $413,630 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
Kentucky All A Classic Inc Mt Washington, KY | $190,769 | $310,106 |
24up Inc New Berlin, WI | $173,156 | $373,384 |