Jacket Hoop Boosters Inc
- Assets
- $30.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MN
- Founding
- 05/1993
- Data as of
- 07/2023
- EIN
- 41-1732734
Organization Overview
Jacket Hoop Boosters Inc is located in Cambridge, MN. The organization was established in 1993. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Jacket Hoop Boosters 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 07/2023, Jacket Hoop Boosters Inc generated $79.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $88.9k during the year ending 07/2023. While expenses have increased by 9.5% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE HOOP BOOSTERS PROVIDE FUNDS FOR CAMBRIDGE ISANTI BASKETBALL TO ALLOW YOUTH TO PARTICIPATE IN VARIOUS TOURNAMENTS AND COMPETITIONS. THE ORGANIZATION SUPPORTS 4TH THROUGH 8TH GRADE TRAVEL PROGRAMS THAT CONSIST OF 14 GIRLS AND BOYS TEAMS. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR BOYS AND GIRLS VARSITY EVENTS. OTHER FUNDRAISING EVENTS ARE HELD TO REDUCE THE COSTS OF TOURNAMENT FEES SO THE YOUTH CAN PARTICIPATE IN ADDITIONAL ATHLETIC COMPETITIONS. SOME OF THE ADDITIONAL EVENTS HELD SUPPORT THE PURCHASE OF SHIRTS FOR COACHES, UNIFORMS FOR PLAYERS, & MEALS AND TRAVEL EXPENSES WHEN THE KIDS COMPETE IN AREAS THAT REQUIRE OVERNIGHT STAYS. FUNDS ARE ALSO USED EACH YEAR TO SUPPORT TWO STUDENT ATHLETES, ONE MALE AND ONE FEMALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Bickford President | 2 | $0 | |
Eric Wiltrout Vice Preside | 1 | $0 | |
Cherie Lundeen Secretary | 0.75 | $0 | |
Amanda Thoreson Treasurer | 2 | $0 | |
Shawn Bloch Director | 2 | $0 | |
Chuck Carstensen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,094 |
| Total Program Service Revenue | $70,652 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,185 |
| Other Revenue | $0 |
| Total Revenue | $79,942 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,390 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,491 |
| Total expenses | $88,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,948 |
| Other assets | $0 |
| Total assets | $30,948 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,948 |