Hooptee Charities INC

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HoopTee Charities, Inc is organized to promote the education, health, physical fitness, and well-being of underprivileged children through scholarships for camps and other education and athletic programs.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2186758) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $72K a year · 27% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
18.4 mo
of spending, in cash
18.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $73K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$267K
32% of total assets
Liabilities are 32% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$323K
-0.2% vs prior year
Spent
$211K
To programs
79%
Net assets
$571K
By yearFY2020–FY2024
Revenue
$323K
FY2024-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$142K
FY2021$108K
FY2022$426K
FY2023$324K
FY2024$323K
Expenses
$211K
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$106K
FY2022$309K
FY2023$168K
FY2024$211K
Net assets
$571K
FY2024▲ +66%
Tap a bar for its year
Net assets by fiscal year
FY2020$436K
FY2021$453K
FY2022$539K
FY2023$345K
FY2024$571K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $167K Management & general 21% · $45K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President, Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Hooptee Charities INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships for underprivileged children's camps and athletic programs.

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1 program · $167K · in their own filed words · FY2024
01

Scholarships and youth programs for the benefit of underprivileged children.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-2186758) · Dispute this line
$167Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 28 grants · $395K · 2020–2024
Unitemized GrantFY2024$33,531
Unitemized GrantFY2024$31,250
Unitemized GrantFY2024$28,000
Unitemized GrantFY2023$31,250
Unitemized GrantFY2023$25,993
Bennett CollegeNC · FY2023$10,000
Guilford CollegeNC · FY2023$8,415
Unitemized GrantFY2023$2,223
Unitemized GrantFY2023$1,000
Metro School PTO INCNC · FY2022$15,000
Carolina Youth CoalitionNC · FY2022$15,000
Umba Bright StarsNC · FY2022$15,000
The Knothole Foundation INCNC · FY2022$10,000
Alexander Youth NetworkNC · FY2022$10,000
Unitemized GrantFY2022$7,536
The Salvation ArmyGA · FY2022$7,500
See all 28 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$323K
Ln 12
Gifts and grantsLn 1h$315K
Investment incomeLn 3$10K
Money outPt IX
$211K
Ln 25
Programscol B$167K
Managementcol C$45K
Owns and owesPt X
$571K
net assets · Ln 32
Cash and savingsLn 1–2$325K
Total assetsLn 16$839K
LiabilitiesLn 26$267K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$315K
Fundraising eventsLn 1c$306K
Investment incomeLn 3$10K
Gains on assetsLn 7$176
Total revenueLn 12$323K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$300K
Cash and savings togetherLn 1–2$325K
InvestmentsLn 11–13$200K
Other assetsLn 15$315K
Total assetsLn 16$839K
LiabilitiesLn 26$267K
Net assetsLn 32$571K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$325K
InvestmentsLn 11–13$173K$200K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$922K$839K
LiabilitiesLn 26$577K$267K
Net assetsLn 32$345K$571K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$93K$93K
Legal feesLn 11b$5K$5K
Other fees for servicesLn 11g$19K$0$19K$0
Office expensesLn 13$11K$3K$8K
OccupancyLn 16$63K$63K
InsuranceLn 23$740$740
Other expenses (24a–d)Ln 24$16K$4K$12K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$211K$167K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 29, 2025 $323K$211K$112K$571K 990 PDF
FY2023Filed with the IRS Oct 3, 2024 $324K$168K$156K$345K 990 PDF
FY2022Filed with the IRS Oct 9, 2023 $426K$309K$117K$539K 990 PDF
FY2021Filed with the IRS Aug 12, 2022 $108K$106K$2K$453K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $142K$166K−$25K$436K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $323,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $301,015$315,030
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $26,841$10,457
I-11 Other revenuePrior year −$4,241−$2,439
I-12 Total revenuePrior year $323,615$323,048
I-13 Grants and similar amounts paidPrior year $90,793$96,914
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $76,913$114,495
I-18 Total expensesPrior year $167,706$211,409
I-19 Revenue less expensesPrior year $155,909$111,639
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $323,048 across 7 lines filed
VIII-1c Fundraising events$306,250
VIII-1f All other contributions, gifts and grants$8,780
VIII-1h Total contributions, gifts and grants$315,030
VIII-3 Investment incomeExcluded from tax $10,281$10,281
VIII-7 Net gain or loss on sales of assetsExcluded from tax $176$176
VIII-8 Net income from fundraising eventsExcluded from tax −$2,439−$2,439
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,018$323,048
Part IX · Statement of functional expenses $211,409 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $4,133$4,133
IX-2 Grants to domestic individualsPrograms $92,781$92,781
IX-11b Legal feesManagement $5,259$5,259
IX-11g Other fees for servicesPrograms $0 · Management $19,075 · Fundraising $0$19,075
IX-13 Office expensesPrograms $2,950 · Management $8,004$10,954
IX-16 OccupancyPrograms $62,911$62,911
IX-23 InsuranceManagement $740$740
IX-24 Other expenses (24a–d)Programs $4,006 · Management $11,550$15,556
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $166,781 · Management $44,628 · Fundraising $0$211,409
Part X · Balance sheet $838,791 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $207,400$24,691
X-2 Savings and temporary cash investmentsStart of year $0$300,000
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $20,510$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $173,404$199,567
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $520,551$314,533
X-16 Total assetsStart of year $921,865$838,791
X-17 Accounts payable and accrued expensesStart of year $437,994$267,479
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $139,000$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $576,994$267,479
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $344,871$571,312
X-32 Total net assets or fund balancesStart of year $344,871$571,312
X-33 Total liabilities and net assetsStart of year $921,865$838,791
Part XI · Reconciliation of net assets $571,312 net assets at year end
XI-1 Total revenue$323,048
XI-2 Total expenses$211,409
XI-3 Revenue less expenses$111,639
XI-4 Net assets at start of year$344,871
XI-5 Net unrealized gains (losses) on investments$45,819
XI-8 Prior period adjustments$68,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$571,312

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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