Civic Intelligence

Hoop Bus Inc.

990 • Fiscal year 2021 • EIN 84-4283689

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 25, 2022

705 5th Avenue BVenice, CA 90291

(310) 383-1538

Siviq Scores

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

Liabilities / Assets

91st percentile

0.63x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

85th percentile

$21,396

Higher top officer pay than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

1034%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$55,491

Up $50,598 (+1034%) from 2020

Net Assets

Up

$20,649

Up $34,134 (+253%) from 2020

Liabilities

Up

$34,842

Up $16,464 (+90%) from 2020

Revenue

Down

$0

Down $55,379 (-100%) from 2020

Expenses

Down

$0

Down $67,698 (-100%) from 2020

Net Income

Up

$0

Up $12,319 (+100%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2020: $4,893Liabilities 2020: $18,378Net Assets 2020: -$13,4852020Assets 2021: $55,491Liabilities 2021: $34,842Net Assets 2021: $20,6492021Assets 2022: $42,166Liabilities 2022: $51,533Net Assets 2022: -$9,3672022Assets 2023: $181,639Liabilities 2023: $48,846Net Assets 2023: $132,7932023Assets 2024: $467,572Liabilities 2024: $46,885Net Assets 2024: $420,6872024

Highlighted filing

2021

Assets$55,491
Liabilities$34,842
Net Assets$20,649

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $55,379Expenses 2020: $67,698Net Income 2020: -$12,3192020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $681,249Expenses 2022: $694,382Net Income 2022: -$13,1332022Revenue 2023: $1,630,201Expenses 2023: $1,507,826Net Income 2023: $122,3752023Revenue 2024: $1,641,580Expenses 2024: $1,353,686Net Income 2024: $287,8942024

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 25, 2022
Return Version
2021v4.1
Gross Receipts
$0
Mission and Program Overview

Mission

To foster a national amature sports competition and provide free transportation

To foster natl amature sports competition providing complimentary transportation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,893$37,491▲ $32,598
Land, Buildings, and Equipment, Net-$18,000-
Total Assets$4,893$55,491▲ $50,598
Liabilities
Accounts Payable and Accrued Expenses$18,378$34,842▲ $16,464
Total Liabilities$18,378$34,842▲ $16,464
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-13,485$20,649▲ $34,134
Total Net Assets Fund Balance$-13,485$20,649▲ $34,134
Total Liabilities and Net Assets / Fund Balance$4,893$55,491▲ $50,598

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,000$2,000-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelley KoskiOtherFT$9,000$12,396$21,396
Dan MoroniExecutive DirectorFT$9,000-$9,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
Filing and Contact Details

Filer

Filer Name
Hoop Bus Inc
EIN
84-4283689
Address
705 5TH AVENUE B, VENICE, CA 90291

Signing Officer

Name
Dan Moroni
Title
Executive Director
Phone
6505768854
Signed
2022-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Moroni
Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
2

Preparer

Firm
Untaxers Ltd
Address
552 E Carson St Ste 104286, Carson, CA 90745
Preparer
Penelopy Jordan
Phone
2132057007
Supplemental Narrative

Additional Explanations

Part 1

Other expenses - see list

Part 2

Other liabilities - accounts payable

Part 3

Purpose statement - foster national amateur sports competit- ion providing free transportation

Part 7 Section B

There were no independent contractors paid over $100000

Raw XML Appendix250 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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