Hooptee Charities INC FY2020 filing

Tax-deductible

Matthews, NC501(c)(3)Foundations & GrantmakersEIN 27-2186758Revenue $142K in FY2020

On file with the IRShooptee.comPo Box 1432, 28106-1432 · Matthews, NCTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $73K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$698
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$142K
Spent
$166K
To programs
65%
Net assets
$436K
By yearFY2020–FY2024
Revenue
$142K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$142K
FY2021$108K
FY2022$426K
FY2023$324K
FY2024$323K
Expenses
$166K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$106K
FY2022$309K
FY2023$168K
FY2024$211K
Net assets
$436K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$436K
FY2021$453K
FY2022$539K
FY2023$345K
FY2024$571K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

65 cents of each dollar spent went to programs.

Program services 65% · $108K Management & general 11% · $19K Fundraising 24% · $39K

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

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Who runs it and what they're paid

8 people listed on the 990.

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

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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.

Questions for Hooptee Charities INC

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Provided by the organization

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1 program · $108K · in their own filed words · FY2020
01

Annual basketball camp and youth programs for the benefit of underprivileged children.

$108Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$142K
Ln 12
Gifts and grantsLn 1h$121K
Other incomeLn 4–11$19K
Investment incomeLn 3$2K
Money outPt IX
$166K
Ln 25
Programscol B$108K
Managementcol C$19K
Fundraisingcol D$39K
Owns and owesPt X
$436K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$437K
LiabilitiesLn 26$698
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fundraising eventsLn 1c$58K
Investment incomeLn 3$2K
Other incomeLn 4–11$19K
Total revenueLn 12$142K
Assets in detailPt X, end of year
CashLn 1$287K
SavingsLn 2$0
Cash and savings togetherLn 1–2$287K
InvestmentsLn 11–13$149K
Total assetsLn 16$437K
LiabilitiesLn 26$698
Net assetsLn 32$436K
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 FY20End FY20
Cash and savingsLn 1–2$321K$287K
InvestmentsLn 11–13$123K$149K
Total assetsLn 16$444K$437K
LiabilitiesLn 26$0$698
Net assetsLn 32$444K$436K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Management feesLn 11a$3K$0$0$3K
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$1K$0$0$1K
Office expensesLn 13$2K$0$2K$0
Other expenses (24a–d)Ln 24$15K$0$15K$0
All other expensesLn 24e$35K$0$0$35K
Total functional expensesLn 25$166K$108K$19K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $323K$211K$112K$571K 990 PDF
FY2023 $324K$168K$156K$345K 990 PDF
FY2022 $426K$309K$117K$539K 990 PDF
FY2021 $108K$106K$2K$453K 990 PDF
FY2020 Viewing $142K$166K−$25K$436K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $141,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $405,180$120,656
I-9 Program service revenuePrior year $22,640$0
I-10 Investment incomePrior year $3,000$2,301
I-11 Other revenuePrior year $222,895$18,691
I-12 Total revenuePrior year $653,715$141,648
I-13 Grants and similar amounts paidPrior year $28,752$107,850
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $435,969$58,386
I-18 Total expensesPrior year $464,721$166,236
I-19 Revenue less expensesPrior year $188,994−$24,588
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $141,648 across 7 lines filed
Lines not itemized here account for $265 of total revenue; see the IRS return.
VIII-1c Fundraising events$57,914
VIII-1f All other contributions, gifts and grants$62,742
VIII-1h Total contributions, gifts and grants$120,656
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,301$2,301
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $18,426$18,426
VIII-12 Total revenueRelated to mission $265 · Unrelated business $0 · Excluded from tax $20,727$141,648
Part IX · Statement of functional expenses $166,236 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $107,850$107,850
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $2,706$2,706
IX-11c Accounting feesPrograms $0 · Management $1,775 · Fundraising $0$1,775
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $1,309$1,309
IX-13 Office expensesPrograms $0 · Management $2,306 · Fundraising $0$2,306
IX-24 Other expenses (24a–d)Programs $0 · Management $14,817 · Fundraising $0$14,817
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $35,473$35,473
IX-25 Total functional expensesPrograms $107,850 · Management $18,898 · Fundraising $39,488$166,236
Part X · Balance sheet $436,714 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $320,563$287,264
X-2 Savings and temporary cash investmentsStart of year $0$0
X-12 Other securitiesStart of year $123,257$149,450
X-16 Total assetsStart of year $443,820$436,714
X-17 Accounts payable and accrued expensesStart of year $0$0
X-25 Other liabilitiesStart of year $0$698
X-26 Total liabilitiesStart of year $0$698
X-32 Total net assets or fund balancesStart of year $443,820$436,016
X-33 Total liabilities and net assetsStart of year $443,820$436,714
Part XI · Reconciliation of net assets $436,016 net assets at year end
XI-1 Total revenue$141,648
XI-2 Total expenses$166,236
XI-3 Revenue less expenses−$24,588
XI-4 Net assets at start of year$443,820
XI-5 Net unrealized gains (losses) on investments$16,784
XI-10 Net assets at end of year$436,016

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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