Civic Intelligence

Hoops and Homework Inc.

990 • Fiscal year 2022 • EIN 47-2577737

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 10, 2023

PO Box 5Framingham, MA 01704

(774) 578-9847

Siviq Scores

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

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$66,538

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

84th percentile

40%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

6.3%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$720,973

Up $207,126 (+40%) from 2021

Net Assets

Up

$710,739

Up $196,892 (+38%) from 2021

Liabilities

Up

$10,234

Up $10,234 from 2021

Revenue

Up

$533,063

Up $31,373 (+6.3%) from 2021

Expenses

Up

$340,345

Up $42,105 (+14%) from 2021

Net Income

Down

$192,718

Down $10,732 (-5.3%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $1Liabilities 2015: $11,2802015Assets 2016: $16,301Liabilities 2016: $0Net Assets 2016: $16,3012016Assets 2017: $26,206Liabilities 2017: $02017Assets 2018: $99,175Liabilities 2018: $0Net Assets 2018: $99,1752018Assets 2019: $86,881Liabilities 2019: $0Net Assets 2019: $86,8812019Assets 2020: $235,397Liabilities 2020: $0Net Assets 2020: $235,3972020Assets 2021: $513,847Liabilities 2021: $0Net Assets 2021: $513,8472021Assets 2022: $720,973Liabilities 2022: $10,234Net Assets 2022: $710,7392022Assets 2023: $865,859Liabilities 2023: $17,261Net Assets 2023: $848,5982023Assets 2024: $805,882Liabilities 2024: $14,670Net Assets 2024: $791,2122024

Highlighted filing

2022

Assets$720,973
Liabilities$10,234
Net Assets$710,739

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $89,904Expenses 2015: $101,184Net Income 2015: -$11,2802015Revenue 2016: $137,674Expenses 2016: $110,093Net Income 2016: $27,5812016Revenue 2017: $143,389Expenses 2017: $133,484Net Income 2017: $9,9052017Revenue 2018: $264,393Expenses 2018: $191,424Net Income 2018: $72,9692018Revenue 2019: $203,730Expenses 2019: $216,024Net Income 2019: -$12,2942019Revenue 2020: $396,100Expenses 2020: $268,191Net Income 2020: $127,9092020Revenue 2021: $501,690Expenses 2021: $298,240Net Income 2021: $203,4502021Revenue 2022: $533,063Expenses 2022: $340,345Net Income 2022: $192,7182022Revenue 2023: $590,283Expenses 2023: $452,424Net Income 2023: $137,8592023Revenue 2024: $524,830Expenses 2024: $582,216Net Income 2024: -$57,3862024

Highlighted filing

2022

Revenue$533,063
Expenses$340,345
Net Income$192,718
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$533,063
Mission and Program Overview

Mission

To provide educational and recreational services.

Hoops and homework is a safe and nurturing neighborhood-based after-school program which expands opportunities for youth in framingham.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$377,928-
Cash and Non-Interest-Bearing Accounts$393,408$212,597▼ $180,811
Land, Buildings, and Equipment, Net$120,439$117,542▼ $2,897
Accounts Receivable-$10,328-
Prepaid Expenses and Deferred Charges-$2,578-
Total Assets$513,847$720,973▲ $207,126
Liabilities
Accounts Payable and Accrued Expenses-$10,234-
Total Liabilities$0$10,234▲ $10,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$474,177$637,513▲ $163,336
Net Assets With Donor Restrictions$39,670$73,226▲ $33,556
Total Net Assets Fund Balance$513,847$710,739▲ $196,892
Total Liabilities and Net Assets / Fund Balance$513,847$720,973▲ $207,126

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$95,287$19,153$114,440
Other Land Buildings$13,739$4,275$18,014
Equipment$8,516$4,659$13,175
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin LopezExecutive DiFT$66,538$66,538

Board Members and Trustees

NameTitle
Tania CalderPresident
Phillip OttavianiVice Chair
Alexis RiveraDirector
Dennis MilesDirector
Donald TaggartDirector
Eireka DrosterDirector
John TzavarasDirector
Leslie White HarveyDirector
Philip JackDirector
Herb ChasanDirector & F
James RuscheClerk & Dire
Rebecca KannamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$473,502
Program Service Revenue
$56,893
Investment Income
$2,668
Other Revenue
$0
All Other Contributions
$363,084
Change in Net Assets
$192,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$533,063
Revenue Not Reported on Form 990
$48,000
Total Revenue per Audited Statements
$581,063
Total Revenue per Form 990
$533,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$181,283
Other Expenses$159,062
Total Fundraising Expense$7,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,135--$93,135
Current Officers, Directors, Trustees, and Key Employees$67,077--$67,077
Fees for Services Accounting-$23,032-$23,032
Payroll Taxes$21,071--$21,071
Depreciation Depletion$15,797--$15,797
Fees for Services Other$8,340$5,010-$13,350
Office Expenses-$11,803-$11,803
Insurance-$8,744-$8,744
Advertising--$1,141$1,141
Travel$314$46-$360
Other Expenses$1,418$117$6,058$117
Total Functional Expenses$284,394$48,752$7,199$340,345

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$388,345
Expenses per Audited Statements$340,345
Total Expenses per Form 990$340,345
Expenses Not Reported on Form 990$48,000
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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The members of the board review and approve the financial statements and information returns prior to their issuance.

Form 990, Page 6, Part VI, Line 12C

Board members and employees must annually disclose in writing any potential conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The members of the board decide the compensation for employees.

Form 990, Page 6, Part VI, Line 15B

The members of the board decide the compensation for employees.

Form 990, Page 6, Part VI, Line 19

The documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hoops and Homework Inc
EIN
47-2577737
Phone
7745789847
Address
PO BOX 5, FRAMINGHAM, MA 01704

Signing Officer

Name
James Rusche
Title
Clerk & Director
Phone
7745789847
Signed
2023-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tania Calder
Formed
2014
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
6
Volunteers
33

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY STE 201, CHELMSFORD, MA 01824-4187
Preparer
Jayne a Andrews
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization, incorporated under chapter 180 of the massachusetts general laws as a tax-exempt entity, has been granted tax-exemppt status under internal revenue code (irc) section 501(c)(3) and is classified as other than a private foundation as defined by section 509(a) of the irc. Therefore, it is generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. The organization is required by fasb asc 740-10, "accounting for uncertainty in income taxes," to evaluate and disclose tax positions that could have an effect on the oranization's financial statements. The organization reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for the period of three years after filing. Management believes it is no longer subject to review by taxing authorities for periods before 2019. Substantially all of the organization's income, expenditures, and activities relate to its exempt purpose. Therefore, management has determined that the organization is not subject to unrelated business income taxes and iwll continue to qualify as a tax-exempt not-for-profit entity.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX-EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED BY FASB ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR THE PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS BEFORE 2019. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND IWLL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE BOARD REVIEW AND APPROVE THE FINANCIAL STATEMENTS AND INFORMATION RETURNS PRIOR TO THEIR ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND EMPLOYEES MUST ANNUALLY DISCLOSE IN WRITING ANY POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE BOARD DECIDE THE COMPENSATION FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE BOARD DECIDE THE COMPENSATION FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES RUSCHE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CLERK & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07745789847
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-10

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