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← HOOPTEE CHARITIES INC

Form 990 for tax year 2024

Filed by HOOPTEE CHARITIES INC.

Totals

Total revenue
$323,048
Total expenses
$211,409
Contributions and grants received
$315,030
Grants paid
$96,914
Program service revenue
$0
Investment income
$10,457
Other revenue
-$2,439
Total assets, end of year
$838,791
Total liabilities, end of year
$267,479
Net assets or fund balances, end of year
$571,312
Program services expenses (Part IX)
$166,781
Management and general expenses
$44,628
Fundraising expenses
$0
Program service expenses (Part III)
$166,781

Program services were 78.9% 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.

  • 1c · Fundraising events

    $306,250

  • 1f · All other contributions, gifts and grants

    $8,780

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $10,281 · excluded $10,281

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $176

  • 7c · Gain or loss

    securities $176 · other assets $0

  • 7d · Net gain or loss

    total $176 · excluded $176

  • 8a · Fundraising events: gross income

    $312,700

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

    $306,250

  • 8b · Fundraising events: direct expenses

    $315,139

  • 8c · Net income from fundraising events

    total -$2,439 · excluded -$2,439

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,133 · program services $4,133

  • 2 · Grants to domestic individuals

    total $92,781 · program services $92,781

  • 11b · Fees: legal

    total $5,259 · management and general $5,259

  • 11g · Fees: other

    total $19,075 · program services $0 · management and general $19,075 · fundraising $0

  • 13 · Office expenses

    total $10,954 · program services $2,950 · management and general $8,004

  • 16 · Occupancy

    total $62,911 · program services $62,911

  • 23 · Insurance

    total $740 · management and general $740

  • 24a · Other expenses: STORAGE

    total $11,250 · management and general $11,250

  • 24b · Other expenses: EVENT MANAGEMENT EXPENSES

    total $2,500 · program services $2,500

  • 24c · Other expenses: SUPPLIES

    total $1,506 · program services $1,506

  • 24d · Other expenses: BANK FEES

    total $300 · management and general $300

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,400 · end of year $24,691

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $300,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,510 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $173,404 · end of year $199,567

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $520,551 · end of year $314,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $437,994 · end of year $267,479

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $139,000 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $344,871 · end of year $571,312

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

HOOPTEE CHARITIES, INC. IS ORGANIZED TO PROMOTE THE EDUCATION, HEALTH, PHYSICAL FITNESS, AND WELLBEING OF UNDERPRIVILEGED CHILDREN THROUGH SCHOLARSHIPS FOR CAMPS AND OTHER EDUCATION AND ATHLETIC PROGRAMS.

  • Scholarships and youth programs for the benefit of underprivileged children.

    Expenses $166,781 · Grants $96,914

As filed on the 2024 return.

Listed in Part VII

  • Eugene Ehmann

    Vice President, Secretary

    Total calculated
    $0
    Hours/week
    5
  • Fred A Whitfield

    President

    Total calculated
    $0
    Hours/week
    10
  • Jason Cipriani

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Andrea Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jesse Cureton

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kendall Alley

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kieth Cockrell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Malcomb Coley

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert Stevanovski

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sandra Holub

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Achievements Unlimited LLC

    Basketball School program · NC · income $0 · assets $19,544

    Directly controlled by Hooptee Charities Inc

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.1
Source object
202503029349300215

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