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Hoops For Friends Inc

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

EIN: 954614623 ✦ Torrance, CA ✦ Designated as a 501(c)(3)

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Overview

What is Hoops For Friends Inc?

Hoops For Friends Inc is a nonprofit organization, primarily established to oversee an annual basketball tournament. The main objective is to generate funds through this event, which are then allocated towards fulfilling the corporation's purposes. The specifics of these purposes are not provided in the information, but the tournament serves as the primary means of achieving the organization's goals. The corporation operates independently and does not rely on any mentioned partnerships or affiliations.


Official website here: www.lvihoops.org

Is Hoops For Friends Inc legitimate?

Hoops For Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoops For Friends 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.lvihoops.org

What is the mission statement of Hoops For Friends Inc?

Hoops For Friends Inc's primary mission revolves around organizing an annual basketball tournament. The earnings from this event are intended to support the corporation's objectives. In essence, the organization's purpose is to utilize the basketball tournament as a fundraising platform, channeling the proceeds towards various undertakings. It's important to note that the specific objectives or causes supported by Hoops For Friends Inc through these funds are not specified in the provided information.


Official website here: www.lvihoops.org

Who is the CEO of Hoops For Friends Inc?

Gerald Morita is the President of Hoops For Friends Inc.


Official website here: www.lvihoops.org

What is the revenue of Hoops For Friends Inc?

Hoops For Friends Inc's revenue in 2022 was $27,140.


Official website here: www.lvihoops.org

Who are the executives of Hoops For Friends Inc and what are their salaries?


Here are 2 key members and their salaries:


Gerald Morita (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Morita (Sec / Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lvihoops.org

Where can I find the form 990EZ for Hoops For Friends Inc?

Hoops For Friends Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.lvihoops.org

Learn more at the official website: www.lvihoops.org

Mission Statement of Hoops For Friends Inc

Hoops For Friends Inc is a nonprofit organization primarily dedicated to organizing and conducting an annual basketball tournament. The primary objective of this tournament is to raise funds that will be utilized to support the organization's purposes. By hosting this event, Hoops For Friends Inc aims to generate proceeds that will contribute to its mission. The specific nature of the organization's purposes is not disclosed in the provided information.

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Impact




August, 2024

Hoops For Friends Inc's impact can be seen through their annual basketball tournament, which serves as a platform to raise funds for their philanthropic endeavors. Through this event, the organization is able to support various causes and make a positive difference in the community. Their mission of combining sports with philanthropy not only promotes teamwork and healthy competition but also contributes to the betterment of society.




This information is meant to be a general summary of Hoops For Friends 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
$27,140 (2022)
Expenses
$33,203 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $172
  • Gross Receipts: $112,891

Assets and Liabilities:

  • Total Assets: $69,244
  • Total Liabilities: $0
  • Net Assets: $69,244

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Organization Details

Principal Officer

Gerald Morita

Main Address

18045 CHANERA AVE, TORRANCE, CA, 90504

NTEE Category

Code: T99 - Philanthropy

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