Totals
- Total revenue
- $1,026,509
- Total expenses
- $1,082,873
- Contributions and grants received
- $1,026,509
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $730,731
- Total liabilities, end of year
- $473,133
- Net assets or fund balances, end of year
- $257,598
- Program services expenses (Part IX)
- $1,015,548
- Management and general expenses
- $67,325
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,015,548
Program services were 93.8% 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
$61,978
-
1e · Government grants (contributions)
$52,557
-
1f · All other contributions, gifts and grants
$911,974
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$41,400
-
8a · Fundraising events: contributions included on line 1c
$61,978
-
8b · Fundraising events: direct expenses
$41,400
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $171,949 · program services $171,949 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $356,410 · program services $356,410
-
8 · Pension plan contributions
total $7,295 · program services $7,295
-
9 · Other employee benefits
total $43,555 · program services $43,555
-
10 · Payroll taxes
total $50,081 · program services $50,081
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $18,980 · management and general $18,980
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $35,768 · management and general $35,768
-
12 · Advertising and promotion
total $738 · management and general $738
-
13 · Office expenses
total $22,602 · program services $22,602
-
14 · Information technology
total $10,345 · program services $10,345
-
15 · Royalties
total $0
-
16 · Occupancy
total $261,883 · program services $261,883
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $19,081 · program services $19,081
-
23 · Insurance
total $3,846 · program services $177 · management and general $3,669
-
24a · Other expenses: TRAINING SUPPLIES & EQUIPMENT
total $7,382 · program services $7,382
-
24b · Other expenses: CREDIT CARD AND OTHER FEES
total $16,852 · program services $8,682 · management and general $8,170
-
24c · Other expenses: STUDENT MEALS AND ACTIVITIES
total $56,106 · program services $56,106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $192,900 · end of year $167,362
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $15,834 · 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
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,840 · end of year $8,185
-
10a · Land, buildings and equipment: cost or other basis
$163,674
-
10b · Land, buildings and equipment: accumulated depreciation
$72,705
-
10c · Land, buildings and equipment, net
beginning of year $96,775 · end of year $90,969
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $641,506 · end of year $464,215
-
17 · Accounts payable and accrued expenses
beginning of year $18,273 · end of year $30,321
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · 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 $622,620 · end of year $442,812
-
27 · Net assets without donor restrictions
beginning of year $313,962 · end of year $257,598
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
SEE SCHEDULE O FOR THE MISSION STATEMENT AND ORGANIZATIONAL VALUES.
Activities or mission (Part I)
Hit the Books ("HTB") aims to bring additional educational resources to underserved communities through a sports-based development approach. See full mission in Schedule O
-
For the charitable purposes of providing underprivileged youth with after-school boxing classes, educational programs such as academic tutoring, and mentorship in order to help them develop outside of the classroom physically, intellectually, and emotionally; providing them with educational and professional opportunities that may otherwise pass them by through fostering an environment of educational equality; and developing into a community within a community where they feel safe and view the gym as a second home.
Expenses $1,015,548
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jhae Thompson
Board Member/ Exec Director
- Total calculated
- $171,949
- From this org
- $151,481
- From related orgs
- $0
- Other
- $20,468
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,481
- Bonus
- $10,000
- Other
- $0
- Deferred
- $2,196
- Nontaxable benefits
- $18,272
- Filer's total
- $171,949
-
Justin Haber
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Zachary levy
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Victor Boadum
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mark Bai
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sushma Chennubhotla
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tushar Khadloya
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kazz Pinkard
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512259349300416
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