Hoops League Inc
- Assets
- $107.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/2017
- Data as of
- 10/2023
- EIN
- 47-5503828
Organization Overview
Hoops League Inc is located in Montgomery, AL. The organization was established in 2017. 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. Hoops League Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Hoops League Inc generated $152.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $129.9k during the year ending 10/2023. While expenses have increased by 13.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Camp Director | 4 | $9,645 | |
Spencer Cantrell Director | 5 | $3,750 | |
John David Barranco President | 6 | $9,996 | |
Caroline Warren Key Employee | 4 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $152,250 |
| Membership dues | $0 |
| Investment income | $108 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $152,358 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,391 |
| Professional fees and other payments to independent contractors | $45,170 |
| Occupancy, rent, utilities, and maintenance | $4,700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,657 |
| Total expenses | $129,918 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,507 |
| Other assets | $0 |
| Total assets | $107,507 |
| Total liabilities | $0 |
| Net assets or fund balances | $107,507 |