Civic Intelligence

Jacket Hoop Boosters Inc.

990EZ • Fiscal year 2023 • EIN 41-1732734

Aug 01, 2022 to Jul 31, 2023 • Filed on May 20, 2024

PO Box 82Cambridge, MN 55008

(763) 516-6776

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

26th percentile

-11%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

22nd percentile

-22%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

7.4%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$30,948

Down $8,938 (-22%) from 2022

Net Assets

Down

$30,948

Down $8,938 (-22%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$79,942

Up $5,486 (+7.4%) from 2022

Expenses

Up

$88,881

Up $37,927 (+74%) from 2022

Net Income

Down

-$8,939

Down $32,441 (-138%) from 2022

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $8,186Liabilities 2011: $02011Assets 2013: $1,307Liabilities 2013: $02013Assets 2014: $9,098Liabilities 2014: $02014Assets 2015: $12,822Liabilities 2015: $02015Assets 2016: $14,507Liabilities 2016: $0Net Assets 2016: $14,5072016Assets 2017: $14,910Liabilities 2017: $0Net Assets 2017: $14,9102017Assets 2018: $21,678Liabilities 2018: $0Net Assets 2018: $21,6782018Assets 2019: $22,827Liabilities 2019: $0Net Assets 2019: $22,8272019Assets 2020: $15,954Liabilities 2020: $0Net Assets 2020: $15,9542020Assets 2021: $16,385Liabilities 2021: $0Net Assets 2021: $16,3852021Assets 2022: $39,886Liabilities 2022: $0Net Assets 2022: $39,8862022Assets 2023: $30,948Liabilities 2023: $0Net Assets 2023: $30,9482023Assets 2024: $48,068Net Assets 2024: $48,0682024

Highlighted filing

2023

Assets$30,948
Liabilities$0
Net Assets$30,948

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $42,369Expenses 2011: $43,985Net Income 2011: -$1,6162011Revenue 2013: $31,824Expenses 2013: $32,854Net Income 2013: -$1,0302013Revenue 2014: $40,734Expenses 2014: $32,943Net Income 2014: $7,7912014Revenue 2015: $38,783Expenses 2015: $35,059Net Income 2015: $3,7242015Revenue 2016: $48,790Expenses 2016: $47,105Net Income 2016: $1,6852016Revenue 2017: $62,714Expenses 2017: $62,311Net Income 2017: $4032017Revenue 2018: $78,492Expenses 2018: $71,724Net Income 2018: $6,7682018Revenue 2019: $61,054Expenses 2019: $59,905Net Income 2019: $1,1492019Revenue 2020: $59,098Expenses 2020: $65,973Net Income 2020: -$6,8752020Revenue 2021: $28,362Expenses 2021: $27,930Net Income 2021: $4322021Revenue 2022: $74,456Expenses 2022: $50,954Net Income 2022: $23,5022022Revenue 2023: $79,942Expenses 2023: $88,881Net Income 2023: -$8,9392023Revenue 2024: $96,386Expenses 2024: $79,267Net Income 2024: $17,1192024

Highlighted filing

2023

Revenue$79,942
Expenses$88,881
Net Income-$8,939
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
May 20, 2024
Return Version
2022v5.0
Gross Receipts
$89,880
Mission and Program Overview

Mission

Relieve the burden of government & provide basketball programs for area youth

Program Services

DescriptionGrantsExpenses
THE HOOP BOOSTERS PROVIDE FUNDS FOR CAMBRIDGE ISANTI BASKETBALL TO ALLOW YOUTH TO PARTICIPATE IN VARIOUS TOURNAMENTS AND COMPETITIONS. THE ORGANIZATION SUPPORTS 4TH THROUGH 8TH GRADE TRAVEL PROGRAMS THAT CONSIST OF 14 GIRLS AND BOYS TEAMS. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR BOYS AND GIRLS VARSITY EVENTS. OTHER FUNDRAISING EVENTS ARE HELD TO REDUCE THE COSTS OF TOURNAMENT FEES SO THE YOUTH CAN PARTICIPATE IN ADDITIONAL ATHLETIC COMPETITIONS. SOME OF THE ADDITIONAL EVENTS HELD SUPPORT THE PURCHASE OF SHIRTS FOR COACHES, UNIFORMS FOR PLAYERS, & MEALS AND TRAVEL EXPENSES WHEN THE KIDS COMPETE IN AREAS THAT REQUIRE OVERNIGHT STAYS. FUNDS ARE ALSO USED EACH YEAR TO SUPPORT TWO STUDENT ATHLETES, ONE MALE AND ONE FEMALE.-$83,264
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEREMY BICKFORDPresident-$0--
ERIC WILTROUTVice Preside-$0--
CHERIE LUNDEENSecretary-$0--
AMANDA THORESONTreasurer-$0--
SHAWN BLOCHDirector-$0--
CHUCK CARSTENSENDirector-$0--
BRAD SCHREIFELSDirector-$0--
EMMA GROSSDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concessions$13,673$13,673$621$13,052
Total Events$13,673$13,673$621$13,052
Filing and Contact Details

Filer

Filer Name
Jacket Hoop Boosters Inc
EIN
41-1732734
Phone
7635166776
Address
PO BOX 82, CAMBRIDGE, MN 55008

Signing Officer

Name
Amanda Thoreson
Title
Treasurer
Phone
6127019326
Signed
2024-05-20
Discuss with paid preparer
Yes

Preparer

Firm
Myslajek Kemp & Spencer Ltd
Address
1000 SHELARD PARKWAY 6TH FLOOR, ST LOUIS PARK, MN 55426
Preparer
Jacob J Leech CPA
Phone
9525444147
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,097 1,117 409 awards & banquets 5,550 tournaments & league 40,399 uniforms 6,560 referees & stipends 8,395 misc 7,301 taxes & licenses 25 summer expense 2,000 scholarship 2,168 basketball supplies 8,732 training 1,500 credit card fees 238 total 87,491

Form 990-ez, Part II, Line 24

47,460 47,460 less accumulated depreciation 47,460 47,460 total 0 0

Form 990-ez, Part III

Relieve the burden of government & provide basketball programs for area youth

Form 990-ez, Part III, Line 28

The hoop boosters provide funds for cambridge isanti basketball to allow youth to participate in various tournaments and competitions. The organization supports 4th through 8th grade travel programs that consist of 14 girls and boys teams. The organization also provides support for boys and girls varsity events. Other fundraising events are held to reduce the costs of tournament fees so the youth can participate in additional athletic competitions. Some of the additional events held support the purchase of shirts for coaches, uniforms for players, & meals and travel expenses when the kids compete in areas that require overnight stays. Funds are also used each year to support two student athletes, one male and one female.

Raw XML Appendix161 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 3,097 1,117 409 AWARDS & BANQUETS 5,550 TOURNAMENTS & LEAGUE 40,399 UNIFORMS 6,560 REFEREES & STIPENDS 8,395 MISC 7,301 TAXES & LICENSES 25 SUMMER EXPENSE 2,000 SCHOLARSHIP 2,168 BASKETBALL SUPPLIES 8,732 TRAINING 1,500 CREDIT CARD FEES 238 TOTAL 87,491
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt147,460 47,460 LESS ACCUMULATED DEPRECIATION 47,460 47,460 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RELIEVE THE BURDEN OF GOVERNMENT & PROVIDE BASKETBALL PROGRAMS FOR AREA YOUTH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE HOOP BOOSTERS PROVIDE FUNDS FOR CAMBRIDGE ISANTI BASKETBALL TO ALLOW YOUTH TO PARTICIPATE IN VARIOUS TOURNAMENTS AND COMPETITIONS. THE ORGANIZATION SUPPORTS 4TH THROUGH 8TH GRADE TRAVEL PROGRAMS THAT CONSIST OF 14 GIRLS AND BOYS TEAMS. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR BOYS AND GIRLS VARSITY EVENTS. OTHER FUNDRAISING EVENTS ARE HELD TO REDUCE THE COSTS OF TOURNAMENT FEES SO THE YOUTH CAN PARTICIPATE IN ADDITIONAL ATHLETIC COMPETITIONS. SOME OF THE ADDITIONAL EVENTS HELD SUPPORT THE PURCHASE OF SHIRTS FOR COACHES, UNIFORMS FOR PLAYERS, & MEALS AND TRAVEL EXPENSES WHEN THE KIDS COMPETE IN AREAS THAT REQUIRE OVERNIGHT STAYS. FUNDS ARE ALSO USED EACH YEAR TO SUPPORT TWO STUDENT ATHLETES, ONE MALE AND ONE FEMALE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-20
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ReturnHeader/ReturnTs02024-06-25T11:25:51-04:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

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