Fast-D Hoops Inc
- Assets
- $1.9k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Berkley, MI
- Founding
- 04/2014
- Data as of
- 12/2017
- EIN
- 46-1070885
Organization Overview
Fast-D Hoops Inc is located in Berkley, MI. The organization was established in 2014. 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. Fast-D Hoops 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 12/2017, Fast-D Hoops Inc generated $25.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $25.4k during the year ending 12/2017. While expenses have increased by 2.4% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO TEACH LIFE SKILLS TO THE YOUTH USING BASKETBALL AND THE POSITIVE VALUES OF TEAMWORK, DISCIPLINE, SPORTSMANSHIP, AND LEADERSHIP THE SPORT ENCOURAGES TO COMBAT COMMUNITY DETERIORATION AND JUVENILE DELIQUENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM FEBRUARY 2017 TO JUNE 2017, FAST-D HOOPS ORGANIZED BAKETBALL CLINICS AND LEAGUES FOR THE AREA YOUTH. FROM JUNE 2017 TO SEPTEMBER 2017, THE ORGANIZATION ALSO SPONSORED YOUTH TEAMS TO PARTICIPATE IN THE FILIPINO BASKETBALL ASSOCIATION OF NORTH AMERICA INTER CITY BASKETBALL TOURNAMENT HELD IN DETROIT, MICHIGAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gani Ricarte Executive Board Member | Officer | 0 | $0 |
Lito Apigo Executive Board Member | Officer | 15 | $0 |
Arthur Orzame Executive Board Member | Officer | 15 | $0 |
Ron Gayta Executive Board Member | Officer | 15 | $0 |
Maria Apigo Executive Board Member | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,861 |
| Total Program Service Revenue | $9,760 |
| 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 | -$66 |
| Net Income from Gaming Activities | $12,933 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,488 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $640 |
| Office expenses | $14 |
| Information technology | $220 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $25,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,926 |
| 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 | $1,926 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Cat Basketball League South Lyon, MI | $48,125 | $336,283 |
Wisconsin Basketball Coaches Association Cuba City, WI | $470,993 | $294,847 |
24up Inc New Berlin, WI | $173,156 | $373,384 |
Wisconsin Blizzard Basketball Inc Greenville, WI | $47,098 | $270,677 |
Gym Rats Inc Fort Wayne, IN | $64,648 | $177,008 |
Pewaukee Basketball Club Inc Pewaukee, WI | $183,485 | $313,004 |
Distinxion Incorporated Washington, IN | $139,664 | $256,666 |
Hse Fishers Boys Basketball Inc Fishers, IN | $77,394 | $252,385 |
Massillon Youth Sports Association Inc Massillon, OH | $25,778 | $221,869 |
Jackson Youth Basketball Association Canton, OH | $99,095 | $171,175 |
The Big Hoopla Inc Dayton, OH | $537,311 | $13,150 |
Indiana Basketball Coaches Association Inc Avon, IN | $181,580 | $276,217 |