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Nonprofiteer
← SPOKANE HOOPFEST ASSOCIATION

Form 990 for tax year 2023

Filed by SPOKANE HOOPFEST ASSOCIATION.

Totals

Total revenue
$2,892,118
Total expenses
$2,645,293
Contributions and grants received
$1,256,363
Grants paid
$117,599
Program service revenue
$1,180,294
Investment income
$70,664
Other revenue
$384,797
Total assets, end of year
$2,449,692
Total liabilities, end of year
$525,464
Net assets or fund balances, end of year
$1,924,228
Program services expenses (Part IX)
$2,435,783
Management and general expenses
$209,510
Fundraising expenses
$0
Program service expenses (Part III)
$2,435,783

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,256,363

  • 1g · Noncash contributions included above

    $33,000

  • 2a · Program service revenue: Player and team registrations

    total $1,180,294 · related or exempt $1,180,294 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $70,664 · related or exempt $0 · unrelated business $0 · excluded $70,664

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $306,989

  • 10b · Cost of goods sold

    $149,477

  • 10c · Net income from sales of inventory

    total $157,512 · related or exempt $157,512 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Beverage sales

    total $13,825 · related or exempt $13,825 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Food booth vendors

    total $125,351 · related or exempt $125,351 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Sponsor in-kind advertising services

    total $67,900 · related or exempt $67,900 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $20,209 · related or exempt $20,209 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $227,285

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $117,599 · program services $117,599

  • 5 · Compensation of officers, directors and key employees

    total $139,503 · program services $111,602 · management and general $27,901

  • 6 · Compensation of disqualified persons

    total $501,630 · program services $408,038 · management and general $93,592

  • 8 · Pension plan contributions

    total $10,887 · program services $8,710 · management and general $2,177

  • 9 · Other employee benefits

    total $38,085 · program services $30,468 · management and general $7,617

  • 10 · Payroll taxes

    total $57,947 · program services $47,016 · management and general $10,931

  • 11b · Fees: legal

    total $30,678 · management and general $30,678

  • 12 · Advertising and promotion

    total $18,889 · program services $18,870 · management and general $19

  • 13 · Office expenses

    total $83,531 · program services $66,825 · management and general $16,706

  • 14 · Information technology

    total $85,288 · program services $75,242 · management and general $10,046

  • 16 · Occupancy

    total $118,350 · program services $108,507 · management and general $9,843

  • 17 · Travel

    total $23,361 · program services $23,361

  • 23 · Insurance

    total $53,399 · program services $53,399

  • 24a · Other expenses: Event & site costs

    total $1,366,146 · program services $1,366,146 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $467,187 · end of year $41,590

  • 2 · Savings and temporary cash investments

    beginning of year $1,610,563 · end of year $2,202,494

  • 4 · Accounts receivable

    beginning of year $8,127 · end of year $23,425

  • 8 · Inventories for sale or use

    beginning of year $195,625 · end of year $98,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,491 · end of year $83,287

  • 10a · Land, buildings and equipment: cost or other basis

    $1,148,934

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,148,934

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,122 · end of year $112,684

  • 19 · Deferred revenue

    beginning of year $493,977 · end of year $393,298

  • 25 · Other liabilities

    beginning of year $163,491 · end of year $19,482

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $500,000 · end of year $1,000,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,177,403 · end of year $924,228

Mission and programs · 2023

Mission

We strive to inspire, connect, and grow basketball in the greater Spokane community by offering the best and most inclusive basketball experiences on earth. This includes the largest 3 on 3 tournaments in the world, youth leagues, building/maintaining outdoor community courts and sponsoring a Spokane basketball hall of fame in Spokane's River Front Park

Activities or mission (Part I)

WE STRIVE TO INSPIRE, CONNECT, AND GROW BASKETBALL IN THE GREATER SPOKANE COMMUNITY BY OFFERING THE BEST AND MOST INCLUSIVE BASKETBALL EXPERIENCES ON EARTH.

  • Hoopfest Weekend Basketball Tournament - the tournament was held in 2024 with approximately 4,700 teams, an increase of about 500 teams from 2023

    Expenses $1,434,023 · Revenue $705,002

  • HYL basketball league - was established in approximately 20 school districts and operated by HYL LLC, a wholly owned subsidiary of Spokane Hoopfest. The league operated from October through January and served about 3,200 children.

    Expenses $501,298 · Revenue $323,495

  • Youth Basketball tournaments were held in November, December, January and February serving approximately 242 teams

    Expenses $145,405 · Revenue $109,100

  • Other basketball related programs related to operating an Jr high club league, Spokane Basketball Hall of fame, Fitz High school tournament and other basketball related events. The costs of these events are largely supported by sponsorships and donations

    Expenses $355,057 · Revenue $42,697

As filed on the 2023 return.

Listed in Part VII

  • Riley Stockton

    Executive Director

    Total calculated
    $142,866
    From this org
    $132,000
    From related orgs
    $0
    Other
    $10,866
    Hours/week
    40

  • Rick Betts

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Hubert Langenhorst

    Director

    Total calculated
    $0
    Hours/week
    2

  • Danny Beard

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tom Psomas

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rob Hartman

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mike Nilson

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Shelbie Rabe

    Director

    Total calculated
    $0
    Hours/week
    2

  • Helen Higgs

    Director

    Total calculated
    $0
    Hours/week
    2

  • Scott Jones

    Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Brandon Haugen

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • Special Olympics of Washington

    $30,000

    To fund Special Olympics sports programs

  • Spokane Park Department

    $9,869

    Funding related to updating of the Hooptown Hall of Fame and maintenance of the Riverfront court complex, and other park community basketball courts

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Hooptown Youth League LLC

    501(c)(3) · School based grade school basketball league · WA

    Directly controlled by Spokane Hoopfest Association

Provenance

Return type
form_990
Tax year
2023
Filed
20 November 2024
IRS schema version
2023v5.0
Source object
202433259349300838

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