Hoops for Hope INC EIN 11-3287137 Form 990 (PDF) Claim this org

Hoops for Hope INC

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Empowers youth in Southern Africa through educational and sports programs for schools and communities. For fiscal year 2024 it reported $209K in revenue, $225K in expenses, and $15K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
East Hampton, NY
Website
www.hoopsafrica.org
Filings
5 on file (2020–2024)
Revenue
$209KFY2024
Expenses
$225K
Net assets
$15K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  11-3287137 Public charity (501(c)(3)) East Hampton, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers youth in Southern Africa through educational and sports programs for schools and communities.
Leadership
Stephen Todres · Director
Money in and out
$209K revenue, $225K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$15K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▲ +3% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -32% vs prior filing year
Revenue trend
+7%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$209K
FY2024▲ +1%
Expenses
$225K
FY2024▲ +3%
Total assets
$41K
FY2024▼ -36%
Total liabilities
$26K
FY2024▼ -22%
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$15K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$41K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHoops for Hope INC
EINHdr · item D11-3287137
Principal addressHdr · item CEast Hampton, NY
WebsiteHdr · item Jwww.hoopsafrica.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N60)
Ruling yearIRS BMFJul 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $160K of program spending, described in the organization's own filed words · FY2024.
01

Provided educational and sports programs to youths in southern africa that included basketball clinics, HIV/AIDS awareness, and conflict mediation.

$160Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$209K
Total revenueLn 12$209K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$160K
Management & general29%$65K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$41K
Total liabilitiesLn 26$26K
Total net assetsLn 32$15K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $225K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $160K · Total expenses $225K
71%
Management & General
Management & general $65K · Total expenses $225K
29%
Fundraising
Fundraising $0 · Total expenses $225K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $207K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $209K · Total revenue $209K
100%
Government reliance
Government grants — · Total revenue $209K
Earned-income share
Program service revenue $0 · Total revenue $209K
0%
Investment reliance
Investment income $0 · Total revenue $209K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $225K
0%
Growth & trend
Revenue growth (YoY)
This year $209K · Prior year $207K
+1%
Revenue CAGR
FY2020 $158K · FY2024 $209K
+7%
Net-asset trend (YoY)
End of year $15K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $209K · Expenses $225K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $41K
Net-asset ratio
Net assets $15K · Total assets $41K
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $41K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephen Todres · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $225K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $225K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$13K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$209K revenue · viewing · ⤓ 990 PDF
FY2023$207K revenue · ⤓ 990 PDF
FY2022$208K revenue · ⤓ 990 PDF
FY2021$136K revenue · ⤓ 990 PDF
FY2020$158K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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