Hoops Family Foundation
- Assets
- $67.6k
- Revenue
- $112.8k
- Investments
- $5.8k
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-1225430
Organization Overview
Hoops Family Foundation is located in Boulder, CO. The organization was established in 2011. 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 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 generated $112.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hoops Family Foundation has awarded 62 individual grants totaling $612,061. 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
THE FOUNDATION IS INVOLVED IN THE UNDERWRITING AND SELECTION OF VARIOUS CHARITABLE ACTIVIES INCLUDING RELIGIOUS, WELFARE, EDUCATION AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hoops Treasurer/ S | 0 | $0 | |
Traci Hoops President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,394 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $165 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $120,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,760 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,609 |
| 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 has awarded $120,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IMPACT CHARITABLE PURPOSE: 501(C)(3) CHARITABLE PURPOSE | $50,000 |
JUSTICE DEFENDERS PURPOSE: 501 (C)(3) CHARITABLE PURPOSE | $20,000 |
ZUMI LTD PURPOSE: 501(C)(3) CHARITABLE PURPOSE | $50,000 |