Hit The Books Inc
- Assets
- $1.3m
- Revenue
- $627.2k
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-2795993
Organization Overview
Hit The Books Inc is located in New York, NY. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Hit The Books Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hit The Books 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 12/2021, Hit The Books Inc generated $627.2k in total revenue. All expenses for the organization totaled $691.3k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIT THE BOOKS ("HTB") AIMS TO BRING ADDITIONAL EDUCATIONAL RESOURCES TO UNDERSERVED COMMUNITIES THROUGH A SPORTS-BASED DEVELOPMENT APPROACH. SEE FULL MISSION IN SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE CHARITABLE PURPOSES OF PROVIDING UNDERPRIVILEGED YOUTH WITH AFTER-SCHOOL BOXING CLASSES, EDUCATIONAL PROGRAMS SUCH AS ACADEMIC TUTORING, AND MENTORSHIP IN ORDER TO HELP THEM DEVELOP OUTSIDE OF THE CLASSROOM PHYSICALLY, INTELLECTUALLY, AND EMOTIONALLY; PROVIDING THEM WITH EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES THAT MAY OTHERWISE PASS THEM BY THROUGH FOSTERING AN ENVIRONMENT OF EDUCATIONAL EQUALITY; AND DEVELOPING INTO A COMMUNITY WITHIN A COMMUNITY WHERE THEY FEEL SAFE AND VIEW THE GYM AS A SECOND HOME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kazz Pinkard Executive Director | Officer | 40 | $130,988 |
Justin Haber President | OfficerTrustee | 15 | $0 |
Zachary Levy Vice President | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,042 |
| Noncash contributions included in lines 1a–1f | $20,737 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,242 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,469 |
| Compensation of current officers, directors, key employees. | $7,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,251 |
| Pension plan accruals and contributions | $4,007 |
| Other employee benefits | $22,337 |
| Payroll taxes | $20,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215 |
| Fees for services: Accounting | $7,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,673 |
| Advertising and promotion | $39,800 |
| Office expenses | $10,734 |
| Information technology | $1,390 |
| Royalties | $0 |
| Occupancy | $242,944 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,554 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $691,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $651 |
| Net Land, buildings, and equipment | $114,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $983,039 |
| Total assets | $1,278,065 |
| Accounts payable and accrued expenses | $31,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $952,610 |
| Total liabilities | $983,615 |
| Net assets without donor restrictions | $294,450 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,278,065 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hit The Books Inc has recieved totaling $48,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $22,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,500 |
Weisfeld Family Foundation Inc New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |