New England Hoops Academy
- Assets
- $3.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Andover, MA
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 82-1558946
Organization Overview
New England Hoops Academy is located in North Andover, MA. The organization was established in 2019. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. New England Hoops Academy 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 12/2023, New England Hoops Academy generated $86.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $89.8k during the year ending 12/2023. While expenses have increased by 14.3% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE BASKETBALL SKILLS AND DRILLS INSTRUCTION. COMPETE IN LOCAL BASKETBALL TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Nault President/vice President/t | 10 | $0 | |
Kathleen Goulet Director | 2 | $0 | |
Keyshla Penalo Clerk | 2 | $0 | |
Ron Peck Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,540 |
| Total Program Service Revenue | $58,469 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,009 |
| 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 | $6,917 |
| Occupancy, rent, utilities, and maintenance | $8,725 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,158 |
| Total expenses | $89,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,505 |
| Other assets | $0 |
| Total assets | $3,505 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,505 |