Spokane Hoopfest Association
- Assets
- $2.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Spokane, WA
- Founding
- 01/1995
- Data as of
- 09/2022
- EIN
- 91-1505510
Organization Overview
Spokane Hoopfest Association is located in Spokane, WA. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Spokane Hoopfest Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Hoopfest Association 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 09/2022, Spokane Hoopfest Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.0m during the year ending 09/2022. While expenses have increased by 2.0% per year over the past 7 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.
Since 2015, Spokane Hoopfest Association has awarded 18 individual grants totaling $535,438. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE STRIVE TO INSPIRE, CONNECT, AND GROW BASKETBALL IN THE GREATER SPOKANE COMMUNITY BY OFFERING THE BEST AND MOST INCLUSIVE BASKETBALL EXPERIENCES ON EARTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOOPFEST WEEKEND BASKETBALL TOURNAMENT
AAU BASKETBALL LEAGUE & TOURNAMENTS
HYL YOUTH BASKETBALL LEAGUE PREPARATION FOR OCT LAUNCH AND ADULT BASKETBALL LEAGUE
OTHER BASKETBALL RELATED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hubert Langenhorst Past Chair | OfficerTrustee | 2 | $0 |
Shelbie Rabe Secretary/treasurer | OfficerTrustee | 2 | $0 |
Rick Betts Chair | OfficerTrustee | 20 | $0 |
Scott Jones Vice Chair | OfficerTrustee | 2 | $0 |
Riley Stockton Executive Director | Officer | 40 | $0 |
Tom Psomas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,152 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,214,201 |
| Noncash contributions included in lines 1a–1f | $15,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,227,353 |
| Total Program Service Revenue | $779,271 |
| Investment income | $2,848 |
| 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 | $150,516 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,339,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $287,857 |
| 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 | $423,404 |
| Pension plan accruals and contributions | $10,611 |
| Other employee benefits | $13,193 |
| Payroll taxes | $40,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,248 |
| 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 | $32,131 |
| Office expenses | $80,011 |
| Information technology | $80,176 |
| Royalties | $0 |
| Occupancy | $152,923 |
| Travel | $8,547 |
| 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 | $24,670 |
| Insurance | $36,748 |
| All other expenses | $799,490 |
| Total functional expenses | $1,996,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,552 |
| Savings and temporary cash investments | $1,253,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,114 |
| Prepaid expenses and deferred charges | $104,766 |
| Net Land, buildings, and equipment | $37,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,144,034 |
| Accounts payable and accrued expenses | $118,148 |
| Grants payable | $0 |
| Deferred revenue | $437,959 |
| 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 | $181,660 |
| Total liabilities | $737,767 |
| Net assets without donor restrictions | $0 |
| 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 | $1,406,267 |
| Total liabilities and net assets/fund balances | $2,144,034 |
Grants Awarded
Over the last fiscal year, Spokane Hoopfest Association has awarded $370,438 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPOKANE PARK DEPARTMENT PURPOSE: PARK COURT CONSTRUCTION | $155,219 |
SPOKANE PARK DEPARTMENT PURPOSE: PARK COURT CONSTRUCTION | $155,219 |
Seattle, WA PURPOSE: PROGRAM ASSISTANCE | $30,000 |
Seattle, WA PURPOSE: PROGRAM ASSISTANCE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spokane Hoopfest Association has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Cancer Association Portland, OR | $5,324,937 | $6,576,998 |
Alaska Arts Southeast Inc Sitka, AK | $19,555,486 | $2,984,564 |
Spokane Hoopfest Association Spokane, WA | $2,144,034 | $2,339,102 |
Wallowa Resources Enterprise, OR | $1,481,576 | $2,430,712 |
West African Community Council Seattle, WA | $926,641 | $1,845,270 |
Gay City Health Project Seattle, WA | $677,625 | $1,817,689 |
Holocaust Center For Humanity Seattle, WA | $3,908,413 | $2,174,062 |
Foundation For Healthy Relationships Seattle, WA | $8,055,489 | $2,267,956 |
Broadway Bound Childrens Theatre Seattle, WA | $120,014 | $981,054 |
Whidbey Institute Clinton, WA | $5,224,693 | $1,663,695 |
Downtown Walla Walla Foundation Walla Walla, WA | $302,632 | $525,813 |
Native Peoples Action Community Fund Anchorage, AK | $1,033,782 | $1,072,148 |