Hoops4lyfe
- Assets
- $55.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 47-2258939
Organization Overview
Hoops4lyfe is located in Winston Salem, NC. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoops4lyfe 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, Hoops4lyfe generated $88.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $64.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Brent-Bownes Board Member | 1 | $0 | |
Ada Harshaw Treasurer | 2 | $0 | |
Teneal Mcmahan Board Member | 1 | $0 | |
Mark Duncan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,000 |
| Total Program Service Revenue | $2,511 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,511 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,450 |
| Professional fees and other payments to independent contractors | $10,018 |
| Occupancy, rent, utilities, and maintenance | $6,960 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,620 |
| Total expenses | $64,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,537 |
| Other assets | $0 |
| Total assets | $55,537 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hoops4lyfe has recieved totaling $60,257.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 3 GRANT(S) FOR VARYING PURPOSES | $60,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
Durham Childrens Initiative Durham, NC | $2,025,864 | $2,503,533 |
Camp Kudzu Inc Atlanta, GA | $2,213,204 | $2,347,555 |
Knowledge Quest Inc Memphis, TN | $3,965,485 | $3,163,026 |