Kennebunk Hoops
- Assets
- $8.4k
- Revenue
- $12.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennebunk, ME
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 45-1016072
Organization Overview
Kennebunk Hoops is located in Kennebunk, ME. The organization was established in 2020. 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. Kennebunk Hoops 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, Kennebunk Hoops generated $12.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $8.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTRATION FEES EQUIPMENT ETC.
1000 SCHOLARSHIP TO PASSED HOOPS PLAYERS GRADUATING AND ATTENDING COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Menard Treasurer | 2 | $0 | |
Doug Sanborn VP | 2 | $0 | |
Michael Therrien President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $12,689 |
| Total Revenue | $12,689 |
| 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 | $7,350 |
| Total operating and administrative expenses | $7,470 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $8,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,404 |
| 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 | $8,404 |
| 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, Kennebunk Hoops has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DELANEY ROCHE PURPOSE: SCHOLARSHIP | $500 |
ZACHARY STANHOPE PURPOSE: SCHOLARSHIP | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bedford Basketball League Bedford, NH | $120,274 | $142,915 |
New England Crusaders Inc Manchester, NH | $69,950 | $0 |
Salem Basketball Organization Salem, NH | $51,781 | $0 |
Winter Foundation Auburn, ME | $426,055 | $19,410 |
Maine United Basketball New Gloucester, ME | $824 | $14,644 |
Kennebunk Hoops Kennebunk, ME | $8,404 | $12,689 |