Civic Intelligence

Fundamental Hoops Inc.

990 • Fiscal year 2015 • EIN 26-3443220

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 24, 2016

1925 Salem StNorth Andover, MA 01845

(978) 490-5479

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

54th percentile

4.9%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2015

Revenue Growth

61st percentile

8.3%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2015

Assets

Up

$41,196

Up $16,562 (+67%) from 2013

Net Assets

Up

$41,196

Up $16,562 (+67%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$126,134

Up $18,542 (+17%) from 2013

Expenses

Up

$119,906

Up $22,473 (+23%) from 2013

Net Income

Down

$6,228

Down $3,931 (-39%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2013: $24,634Liabilities 2013: $0Net Assets 2013: $24,6342013Assets 2015: $41,196Liabilities 2015: $0Net Assets 2015: $41,1962015Assets 2016: $46,979Liabilities 2016: $0Net Assets 2016: $46,9792016Assets 2018: $37,631Liabilities 2018: $0Net Assets 2018: $37,6312018Assets 2019: $21,058Liabilities 2019: $0Net Assets 2019: $21,0582019Assets 2020: $31,213Liabilities 2020: $0Net Assets 2020: $31,2132020Assets 2021: $31,213Liabilities 2021: $0Net Assets 2021: $31,2132021Assets 2022: $33,088Liabilities 2022: $0Net Assets 2022: $33,0882022Assets 2023: $52,482Liabilities 2023: $0Net Assets 2023: $52,4822023Assets 2024: $77,145Liabilities 2024: $0Net Assets 2024: $77,1452024

Highlighted filing

2015

Assets$41,196
Liabilities$0
Net Assets$41,196

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2013: $107,592Expenses 2013: $97,433Net Income 2013: $10,1592013Revenue 2015: $126,134Expenses 2015: $119,906Net Income 2015: $6,2282015Revenue 2016: $179,854Expenses 2016: $174,071Net Income 2016: $5,7832016Revenue 2018: $267,361Expenses 2018: $279,765Net Income 2018: -$12,4042018Revenue 2019: $304,981Expenses 2019: $321,554Net Income 2019: -$16,5732019Revenue 2020: $311,957Expenses 2020: $301,802Net Income 2020: $10,1552020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $499,058Expenses 2022: $497,183Net Income 2022: $1,8752022Revenue 2023: $607,529Expenses 2023: $588,135Net Income 2023: $19,3942023Revenue 2024: $573,301Expenses 2024: $548,638Net Income 2024: $24,6632024

Highlighted filing

2015

Revenue$126,134
Expenses$119,906
Net Income$6,228
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 24, 2016
Return Version
2015v2.1
Gross Receipts
$126,134
Mission and Program Overview

Mission

To provide instruction in leadership and teamwork through sport

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$34,968$41,196▲ $6,228
Cap Stk Tr Prin Current Funds$34,968$41,196▲ $6,228
Total Assets$34,968$41,196▲ $6,228
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,968$41,196▲ $6,228
Total Liabilities and Net Assets / Fund Balance$34,968$41,196▲ $6,228
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joshua PetersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$126,134
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$6,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,681--$30,681
Other Expenses$28,488--$28,488
All Other Expenses$16,717--$16,717
Insurance$704--$704
Total Functional Expenses$119,906$0$0$119,906
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Joshua Peters XXX-XX-XXXX

Governing body meeting documentation Part VI line 8A

Provide leadership training to local youth

Committee meeting documentation Part VI line 8B

Committee meets annually

Form 990 governing body review Part VI line 11

Body meets annually

Conflict of interest policy compliance Part VI line 12C

Policy held by director for inspection

Governing documents etc available to public Part VI line 19

Held by Director

Filing and Contact Details

Filer

Filer Name
Fundamental Hoops Inc
EIN
26-3443220
Address
1925 Salem St, North Andover, MA 01845

Signing Officer

Name
Joshua Peters
Title
Director
Phone
9784905479
Signed
2016-01-24
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Haddad Financial Group LLC
Address
PO Box 743, Newburyport, MA 01950
Preparer
William P Haddad
Phone
9784627529
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Held by director

List of other expenses Part IX line 24E

Held by director

Raw XML Appendix257 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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