Hoop Dreams Basketball Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 331189488 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Hoop Dreams Basketball Club Inc?

Hoop Dreams Basketball Club Inc, a nonprofit organization, is based on the mission of offering resources and opportunities for underprivileged individuals to excel in basketball and beyond. They achieve this through various initiatives such as sport clinics, workshops, conferences, leagues, and collaborations with other organizations. The club supplies necessary equipment and aid to empower these individuals, ensuring their success.


Official website here: www.hoopdreamers.com

Is Hoop Dreams Basketball Club Inc legitimate?

Hoop Dreams Basketball Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoop Dreams Basketball Club Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.hoopdreamers.com

What is the mission statement of Hoop Dreams Basketball Club Inc?

The Hoop Dreams Basketball Club Inc. is dedicated to offering underprivileged individuals a chance to grow through various sport-related activities. This is achieved by providing access to clinics, workshops, conferences, leagues, and other organizations. The club offers necessary equipment, resources, assistance, and support to ensure the individuals' success in these opportunities.


Official website here: www.hoopdreamers.com

Who is the CEO of Hoop Dreams Basketball Club Inc?

Michael Scott is the President of Hoop Dreams Basketball Club Inc.


Official website here: www.hoopdreamers.com

What is the revenue of Hoop Dreams Basketball Club Inc?

Hoop Dreams Basketball Club Inc's revenue in 2022 was $84,664.


Official website here: www.hoopdreamers.com

Who are the executives of Hoop Dreams Basketball Club Inc and what are their salaries?


Here are 5 key members and their salaries:


Michael Scott (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Scott (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Goins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Barr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hoopdreamers.com

Where can I find the form 990EZ for Hoop Dreams Basketball Club Inc?

Hoop Dreams Basketball Club Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.hoopdreamers.com

Learn more at the official website: www.hoopdreamers.com

Mission Statement of Hoop Dreams Basketball Club Inc

Hoop Dreams Basketball Club, a nonprofit organization, is committed to offering underprivileged individuals a chance to grow and succeed through sport clinics, workshops, conferences, leagues, and collaborations with other organizations. The club's mission is to provide these individuals with the necessary equipment, resources, assistance, and support they need to achieve success. Hoop Dreams Basketball Club strives to create an environment that fosters growth and development, ensuring that everyone who engages with the club has the opportunity to reach their full potential.

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Impact




October, 2024

Hoop Dreams Basketball Club Inc has made a significant impact in the lives of underprivileged individuals in Lexington, KY, by offering essential access to sports clinics, workshops, and leagues. The organization focuses on fostering growth and development through athletic opportunities, providing the necessary equipment and resources to ensure participants can thrive.

Through its comprehensive programs, Hoop Dreams empowers young athletes by not only enhancing their basketball skills but also instilling valuable life lessons such as teamwork, discipline, and perseverance. By creating a supportive environment, the club encourages personal development and helps individuals build confidence both on and off the court. This commitment to community enrichment ultimately contributes to improving the overall quality of life for participants and their families.




This information is meant to be a general summary of Hoop Dreams Basketball Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$84,664 (2022)
Expenses
$91,046 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $84,664
  • Gross Receipts: $84,664

Assets and Liabilities:

  • Total Assets: $5,043
  • Total Liabilities: $24,100
  • Net Assets: -$19,057

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Organization Details

Principal Officer

Michael Scott

Main Address

2414 PALUMBO DRIVE 175, LEXINGTON, KY, 40509

NTEE Category

Code: N62 - Recreation

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