Supreme Hoops
- Assets
- $86.6k
- Revenue
- $258.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- Data as of
- 12/2022
- EIN
- 88-3482778
Organization Overview
Supreme Hoops is located in Lincoln, NE. 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. Supreme Hoops is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPREME HOOPS MISSION IS TO IMPROVE YOUTH COMMUNITY ACTIVITIES BY FACILITATING OUR STEP BY STEP EVENT PROCESS, MARKETING, REGISTRATIONS, AND PROPRIETARY BRACKETING SERVICES TO SUPPORT STRUCTURED, ELITE COMMUNITY BASKETBALL EVENTS. SUPREME HOOPS BELIEVES IN RALLYING OTHERS AROUND THE EVENTS, THEREFORE WE SET UP RELATIONSHIPS WITH LOCAL BASKETBALL CLUB ORGANIZATIONS WHO ARE THE EVENT STAFFING OPERATOR OF EACH EVENT. SUPREME HOOPS SECONDARY MISSION IS TO FINANCIALLY SUPPORT PLAYERS IN NEED OF FINANCIAL AID TO PLAY CLUB BASKETBALL AND SUPPORT CLUBS IN NEED OF FINANCIAL AID TO GET INVOLVED IN ORGANIZED BASKETBALL EVENTS TO IMPROVE THE QUALITY OF LIFE FOR YOUTH IN THEIR LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPREME HOOPS WAS ABLE TO ORGANIZE AND BRACKET 5 BASKETBALL EVENTS FOR YOUTH PLAYERS FROM OUR FOUNDING IN AUGUST 2022-DECEMBER 2022. SUPREME HOOPS WAS ALSO ABLE TO PROVIDE FINANCIAL ASSISTANCE TO PLAYERS IN FINANCIAL NEED BY DONATING TO LOCAL YOUTH NONPROFIT CLUBS. SUPREME HOOPS MISSION IS TO IMPROVE YOUTH COMMUNITY ACTIVITIES BY FACILITATING OUR STEP BY STEP EVENT PROCESS, MARKETING, REGISTRATIONS, AND PROPRIETARY BRACKETING SERVICES TO SUPPORT STRUCTURED, ELITE COMMUNITY BASKETBALL EVENTS. SUPREME HOOPS BELIEVES IN RALLYING OTHERS AROUND THE EVENTS, THEREFORE WE SET UP RELATIONSHIPS WITH LOCAL BASKETBALL CLUB ORGANIZATIONS WHO ARE THE EVENT STAFFING OPERATOR OF EACH EVENT. SUPREME HOOPS SECONDARY MISSION IS TO FINANCIALLY SUPPORT PLAYERS IN NEED OF FINANCIAL AID TO PLAY CLUB BASKETBALL AND SUPPORT CLUBS IN NEED OF FINANCIAL AID TO GET INVOLVED IN ORGANIZED BASKETBALL EVENTS TO IMPROVE THE QUALITY OF LIFE FOR YOUTH IN THEIR LOCAL COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cumro Vice Preside | Officer | 1 | $0 |
Anthony Harms Secretary | Officer | 1 | $0 |
Brian Willet President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $258,143 |
| 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 | $258,143 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $247,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,609 |
| Accounts payable and accrued expenses | $0 |
| 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 | $76,010 |
| Total liabilities | $76,010 |
| Net assets without donor restrictions | $10,599 |
| 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 | $86,609 |