Cadet Hoops Basketball
- Assets
- $7.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carteret, NJ
- Founding
- 08/2019
- Data as of
- 12/2020
- EIN
- 81-4364715
Organization Overview
Cadet Hoops Basketball is located in Carteret, NJ. The organization was established in 2019. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Cadet Hoops Basketball 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, Cadet Hoops Basketball generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $7.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.0%) per year over the past 2 years. 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
INITIAL YOUTH DEVELOPMENT SKILLS AND REC SESSION FINALLY STARTED IN SEPTEMBER OF 2020. TOTAL KIDS IN THE PROGRAM = 80 KIDS THROUGH THE HELP AND ASSISTANCE OF THE MIDDLESEX COUNTY HEALTH DEPARTMENT WE WERE ABLE TO RE-OPEN OUR DOORS IN A MUCH SMALLER CAPACITY. WE WON A SECOND HARMONY AWARD FOR THE MOST OUTSTANDING NEW JERSEY PROGRAM TO BRING ALL SECTIONS OF A COMMUNITY TOGETHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Prioleau Board Advisor | 2 | $0 | |
Katrena Perou Board Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $7,969 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,969 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $7,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $7,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,083 |
| Other assets | $0 |
| Total assets | $7,083 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cadet Hoops Basketball has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
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