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 10/2022, Hoops League Inc generated $119.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $109.1k during the year ending 10/2022. While expenses have increased by 42.1% per year over the past 6 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John David Barranco President | 5 | $9,996 | |
Brent Cherry Officer | 0 | $0 | |
Matthew Coblentz Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $119,477 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $61 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $119,538 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $9,996 |
Professional fees and other payments to independent contractors | $45,655 |
Occupancy, rent, utilities, and maintenance | $1,100 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $52,384 |
Total expenses | $109,135 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $85,067 |
Other assets | $0 |
Total assets | $85,067 |
Total liabilities | $0 |
Net assets or fund balances | $85,067 |
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