Hoops League Inc
- Assets
- $85.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/2017
- Data as of
- 10/2022
- EIN
- 47-5503828
Organization Overview
Hoops League Inc is located in Montgomery, AL. The organization was established in 2017. 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. Hoops League Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2022, Hoops League Inc generated $119.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $109.1k during the year ending 10/2022. While expenses have increased by 42.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John David Barranco President | 5 | $9,996 | |
Brent Cherry Officer | 0 | $0 | |
Matthew Coblentz Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,477 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $61 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,538 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,996 |
| Professional fees and other payments to independent contractors | $45,655 |
| Occupancy, rent, utilities, and maintenance | $1,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,384 |
| Total expenses | $109,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,067 |
| Other assets | $0 |
| Total assets | $85,067 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Basketball Host Committee Inc Atlanta, GA | $206,440 | $2,456,960 |
Womens Basketball Coaches Assoc Lilburn, GA | $4,492,393 | $3,129,044 |
Peace Cdc Inc Miami, FL | $147,371 | $831,617 |
Atlanta Tip Off Club Inc Atlanta, GA | $927,333 | $681,924 |
Florida Collegiate Summer League Inc Longwood, FL | $124,980 | $434,402 |
Classic Basketball Inc Fort Myers, FL | $189,433 | $433,611 |
Team Griffin Foundation Atlanta, GA | $82,092 | $394,182 |
Jacksonville Beach Baseball Association Inc Jacksonville Beach, FL | $178,033 | $333,722 |
Youth Athletic Foundation Memphis, TN | $99,629 | $277,210 |
Southern Basketball Camps Homewood, AL | $50,938 | $326,330 |
East Marietta Basketball Inc Marietta, GA | $142,713 | $286,045 |
Boca Hoops Inc Boca Raton, FL | $57,862 | $304,347 |