Just Hoop Inc
- Assets
- $199.9k
- Revenue
- $662.7k
- Investments
- $0.0
- Employees
- 12
- Location
- San Leandro, CA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-5372012
Organization Overview
Just Hoop Inc is located in San Leandro, CA. The organization was established in 2017. As of 12/2022, Just Hoop Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Just Hoop 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 12/2022, Just Hoop Inc generated $662.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $724.3k during the year ending 12/2022. While expenses have increased by 61.1% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JUST HOOP INC. IS AN INNOVATIVE BASKETBALL AND FITNESS ORGANIZATION THAT USES THE SPORT OF BASKETBALL AND FITNESS TO DEVELOP OUR YOUTH COMMUNITY. OUR MISSION IS TO DEVELOP THE SKILLS AND MINDS OF YOUTH THROUGH INNOVATIVE AND FUN BASKETBALL AND FITNESS TRAINING PROGRAMS. OUR POSITIVE APPROACH ENCOURAGES CONFIDENCE, DEVELOPS LIFE SKILLS, AND PROMOTES TEAMWORK, ALL WHILE TAKING PLAYERS GAME TO THE NEXT LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUST HOOP, INC MADE A POSITIVE IMPACT ON THE YOUTH LIVES IN THE EAST BAY, CALIFORNIA AREA WHILE PIVOTING AND NAVIGATING THROUGH THE COVID-19 PANDEMIC THROUGH THEIR MISSION TO DEVELOP THE SKILLS AND MINDS OF THE YOUTH IN THEIR COMMUNITY THROUGH THE SPORT OF BASKETBALL. THEY DID THIS BY PROVIDING INCREASED OFFERING FOR PRIVATE AND SEMI-PRIVATE TRAINING AS AN ALTERNATIVE TO SOME OF THEIR REGULAR PROGRAM OFFERINGS THAT HAD TO BE STOP AND/OR POSTPONED DUE TO PANDEMIC. DURING THIS TIME JUST HOOP, INC ALSO OFFERED FREE ZOOM WORKOUTS FOR OUR COMMUNITY THAT SUFFERED FINANCIAL HARDSHIP THROUGHOUT THE YEAR. APPROXIMATELY 130 PLAYERS PARTICIPATED IN OUR CLUB TEAM PROGRAM IN WHICH HAD TO BE POSTPONED IN MARCH DUE TO COVID. 50 PLAYERS PARTICIPATED IN OUR PRIVATE/SEMI PRIVATE PROGRAM WHILE ANOTHER 150 WERE SERVED THROUGH OUR FREE ZOOM WORKOUTS THROUGHOUT THE YEAR. THIS PROVIDED A POSITIVE OUTLET FOR THE KIDS IN OUR COMMUNITY TO BE ABLE TO HAVE A HEALTHY OUTLET BOTH MENTALLY AND PHYSICALLY. THESE ACCOMPLISHMENT ARE A HUGE PILLAR TO THE JUST HOOP, INCS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Logan President & CEO | OfficerTrustee | 40 | $167,000 |
Lejoun Wilkerson Director | Trustee | 2 | $3,938 |
Jennifer Diaz Secretary | OfficerTrustee | 20 | $0 |
Alfred Logan Treasurer | OfficerTrustee | 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 | $15,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,300 |
| Total Program Service Revenue | $633,417 |
| 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 | $662,737 |
| 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. | $170,938 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,847 |
| Office expenses | $20,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,540 |
| Travel | $21,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,527 |
| Insurance | $3,884 |
| All other expenses | $86,848 |
| Total functional expenses | $724,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,885 |
| 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 | $196,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,890 |
| 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 | $182,460 |
| Other liabilities | $75,315 |
| Total liabilities | $257,775 |
| Net assets without donor restrictions | -$57,885 |
| 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 | $199,890 |