Hoops Family Foundation Inc
- Assets
- $211.2k
- Revenue
- $17.5k
- Investments
- $206.2k
- Employees
- 0
- Location
- Milton, WV
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 81-0636348
Organization Overview
Hoops Family Foundation Inc is located in Milton, WV. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoops Family Foundation 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 12/2022, Hoops Family Foundation Inc generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $10.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hoops Family Foundation Inc has awarded 43 individual grants totaling $252,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery A Hoops Sr President | 0 | $0 | |
Patricia A Hoops Vice Preside | 0 | $0 | |
Brent T Walls CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $560 |
| Dividends & Interest | $7,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$230 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,069 |
| Contributions, gifts, grants paid | $9,400 |
| Total expenses and disbursements | $10,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,016 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $206,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $211,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hoops Family Foundation Inc has awarded $9,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DOE RIVER GORGE MINISTRIES PURPOSE: GENERAL FUND | $700 |
INDEPENDENT BAPTIST MISSION (WV) PURPOSE: MINISTRY OF DOUG MCCOMAS - HC63 | $7,000 |
APPALACHIAN BIBLE COLLEGE INC PURPOSE: GENERAL FUND | $700 |
CHARLESTON MOUNTAIN MISSION CHURCH PURPOSE: GENERAL FUND | $1,000 |