Hoops Life Cares Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 20
- Location
- Mt Dora, FL
- Founding
- 08/2015
- Data as of
- 12/2020
- EIN
- 47-2652874
Organization Overview
Hoops Life Cares Inc is located in Mt Dora, FL. 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. As of 12/2020, Hoops Life Cares Inc employed 20 individuals. Hoops Life Cares 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 12/2020, Hoops Life Cares Inc generated $7.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $10.1k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
PROGRAMS WERE NOT CONDUCTED DURING 2020.
PROGRAMS WERE NOT CONDUCTED DURING 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Burke Vice President/secretary | 3 | $0 | |
Katrina H Dempsey JD Director | 1 | $0 | |
Patrick Burke President/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,985 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,985 |
| 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 | $4,088 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,037 |
| Total expenses | $10,125 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hoops Life Cares Inc has recieved totaling $8,750.
| Awarding Organization | Amount |
|---|---|
Mount Dora Community Trust Mount Dora, FL PURPOSE: BASKETBALL CAMP | $8,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Basketball Host Committee Inc Atlanta, GA | $206,440 | $2,456,960 |
Womens Basketball Coaches Assoc Lilburn, GA | $4,492,393 | $3,129,044 |
Peace Cdc Inc Miami, FL | $147,371 | $831,617 |
Atlanta Tip Off Club Inc Atlanta, GA | $927,333 | $681,924 |
Florida Collegiate Summer League Inc Longwood, FL | $124,980 | $434,402 |
Classic Basketball Inc Fort Myers, FL | $189,433 | $433,611 |
Team Griffin Foundation Atlanta, GA | $82,092 | $394,182 |
Jacksonville Beach Baseball Association Inc Jacksonville Beach, FL | $178,033 | $333,722 |
Southern Basketball Camps Homewood, AL | $50,938 | $326,330 |
East Marietta Basketball Inc Marietta, GA | $142,713 | $286,045 |
Boca Hoops Inc Boca Raton, FL | $57,862 | $304,347 |
Greater Georgia Basketball Officials Inc Smyrna, GA | $3,347 | $252,473 |