Civic Intelligence

Hoops for Friends Inc

EIN 95-4614623 • 501(c)3 • Torrance, CA

Profile

THIS CORPORATION IS A PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROMOTE EDUCATION AND MAKE CHARITABLE CONTRIBUTIONS, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE TAXCODE.

18045 Chanera AveTorrance, CA 90504

www.lvihoops.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

16th percentile

-41%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-7.9%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-48%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$73,956

Down $6,357 (-7.9%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$73,956

Down $6,357 (-7.9%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin16th percentile

Revenue

Down

$15,428

Down $14,115 (-48%) from 2023

Expenses

Up

$21,785

Up $3,311 (+18%) from 2023

Net Income

Down

-$6,357

Down $17,426 (-157%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $156,287Liabilities 2011: $02011Assets 2012: $151,711Liabilities 2012: $02012Assets 2013: $151,545Liabilities 2013: $02013Assets 2014: $172,658Liabilities 2014: $02014Assets 2015: $180,167Liabilities 2015: $02015Assets 2016: $169,700Liabilities 2016: $02016Assets 2017: $169,145Liabilities 2017: $02017Assets 2018: $172,214Net Assets 2018: $172,2142018Assets 2019: $151,889Net Assets 2019: $151,8892019Assets 2020: $122,571Net Assets 2020: $122,5712020Assets 2021: $75,307Net Assets 2021: $75,3072021Assets 2022: $69,244Net Assets 2022: $69,2442022Assets 2023: $80,313Net Assets 2023: $80,3132023Assets 2024: $73,956Net Assets 2024: $73,9562024

Highlighted filing

2024

Assets$73,956
Liabilities-
Net Assets$73,956
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $63,150Expenses 2011: $71,763Net Income 2011: -$8,6132011Revenue 2012: $63,364Expenses 2012: $67,940Net Income 2012: -$4,5762012Revenue 2013: $81,039Expenses 2013: $81,205Net Income 2013: -$1662013Revenue 2014: $87,306Expenses 2014: $66,193Net Income 2014: $21,1132014Revenue 2015: $80,834Expenses 2015: $73,325Net Income 2015: $7,5092015Revenue 2016: $71,251Expenses 2016: $81,718Net Income 2016: -$10,4672016Revenue 2017: $67,172Expenses 2017: $67,727Net Income 2017: -$5552017Revenue 2018: $74,010Expenses 2018: $70,941Net Income 2018: $3,0692018Revenue 2019: $65,693Expenses 2019: $86,018Net Income 2019: -$20,3252019Revenue 2020: -$9,584Expenses 2020: $19,734Net Income 2020: -$29,3182020Revenue 2021: -$6,533Expenses 2021: $40,731Net Income 2021: -$47,2642021Revenue 2022: $27,140Expenses 2022: $33,203Net Income 2022: -$6,0632022Revenue 2023: $29,543Expenses 2023: $18,474Net Income 2023: $11,0692023Revenue 2024: $15,428Expenses 2024: $21,785Net Income 2024: -$6,3572024

Highlighted filing

2024

Revenue$15,428
Expenses$21,785
Net Income-$6,357
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$73,956
Liabilities
-
Net assets
$73,956
Revenue
$15,428
Expenses
$21,785
Net income
-$6,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.74$0.15$0.22$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.80$0.30$0.18$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.69$0.27$0.33$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.75$0.07$0.41$0.47
2020Detailed filing. Detailed filing data is available for this year.$1.23$1.23$0.10$0.20$0.29
2019Detailed filing. Detailed filing data is available for this year.$1.52$1.52$0.66$0.86$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.72$1.72$0.74$0.71$0.03
2017Summary only. Only limited summary data is available for this year.$1.69$0.00$0.67$0.68$0.01
2016Summary only. Only limited summary data is available for this year.$1.70$0.00$0.71$0.82$0.10
2015Summary only. Only limited summary data is available for this year.$1.80$0.00$0.81$0.73$0.08
2014Summary only. Only limited summary data is available for this year.$1.73$0.00$0.87$0.66$0.21
2013Summary only. Only limited summary data is available for this year.$1.52$0.00$0.81$0.81$0.00
2012Summary only. Only limited summary data is available for this year.$1.52$0.00$0.63$0.68$0.05
2011Summary only. Only limited summary data is available for this year.$1.56$0.00$0.63$0.72$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$126,900
Mission and Program Overview

Mission

THIS CORPORATION IS A PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROMOTE EDUCATION AND MAKE CHARITABLE CONTRIBUTIONS, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE TAXCODE.

Program Services

DescriptionGrantsExpenses
The primary activity of the corporation will be to organize and conduct an annual basketball tournament, the proceeds from which will fund the purposes of the corporation. The tournament itself promotes friendly competition for the Asian-American community and an opportunity for social gathering under the vehicle of sports in general.Please refer to the attached statement showing the donee/recipients of donations and scholarships awarded by Hoops for Friends, Inc. during the 2020 tax year.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GERALD MORITAPresidentPT$0--
JOLENE MORITASec / TreasPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Las Vegas Basketball Tournament$116,483$116,483$71,467$45,016
Total Events$116,483$116,483$111,472$5,011
Filing and Contact Details

Filer

Filer Name
Hoops for Friends Inc
EIN
95-4614623
Phone
3108361707
Address
18045 CHANERA AVE, TORRANCE, CA 90504

Signing Officer

Name
Gerald Morita
Title
President
Signed
2025-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Kiyohara & Takahashi LLP
Address
13300 Crossroads Pkwy N Ste 100, City of Industry, CA 91746
Preparer
Bourne Jin CPA
Phone
3232781300
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: SEE ATTACHED SCHEDULE | Donee's Address: VARIOUS DONEES - SEE SCHEDULE TORRANCE CA 90504 | Cash Amount Given: $20750”

Other Expenses.1

“CORPORATE EXPENSES $775”

Other Expenses.2

“BANK CHARGES $260”

Raw XML Appendix152 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0GERALD MORITA
IRS990EZ/BooksInCareOfDetail/PhoneNum03105233860
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt018045 CHANERA AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TORRANCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090504
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt080313
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt073956
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt09883
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6357
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt080313
IRS990EZ/Form990TotalAssetsGrp/EOYAmt073956
IRS990EZ/FundraisingGrossIncomeAmt0116483
IRS990EZ/GrantsAndSimilarAmountsPaidAmt020750
IRS990EZ/GrossReceiptsAmt0126900
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0534
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt080313
IRS990EZ/NetAssetsOrFundBalancesEOYAmt073956
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt080313
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt073956
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt18.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GERALD MORITA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOLENE MORITA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SEC / TREAS
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01035
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THIS CORPORATION IS A PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROMOTE EDUCATION AND MAKE CHARITABLE CONTRIBUTIONS, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE TAXCODE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The primary activity of the corporation will be to organize and conduct an annual basketball tournament, the proceeds from which will fund the purposes of the corporation. The tournament itself promotes friendly competition for the Asian-American community and an opportunity for social gathering under the vehicle of sports in general.Please refer to the attached statement showing the donee/recipients of donations and scholarships awarded by Hoops for Friends, Inc. during the 2020 tax year.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt0111472
IRS990EZ/SpecialEventsNetIncomeLossAmt05011
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt021785
IRS990EZ/TotalRevenueAmt015428
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0www.lvihoops.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06198
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06778
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt022859
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0170
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0172
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0116483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0115506
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0105941
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0337930
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0876
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0360789
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0126366
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0121704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0112719
IRS990ScheduleA/Total509Grp/TotalAmt0360789
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0126900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0121874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0112891
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0361665
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0111472
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL LAS VEGAS BASKETBALL TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0116483
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0116483
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0116483
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0116483
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05011
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt071467
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt071467
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt040005
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt040005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: SEE ATTACHED SCHEDULE | Donee's Address: VARIOUS DONEES - SEE SCHEDULE TORRANCE CA 90504 | Cash Amount Given: $20750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORPORATE EXPENSES $775
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES $260
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD MORITA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-07
ReturnHeader/DisasterReliefTxt0LOS ANGELES COUNTY WILDFIRES
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOOPS FOR FRIENDS INC
ReturnHeader/Filer/BusinessNameControlTxt0HOOP
ReturnHeader/Filer/EIN0954614623
ReturnHeader/Filer/PhoneNum03108361707
ReturnHeader/Filer/USAddress/AddressLine1Txt018045 CHANERA AVE
ReturnHeader/Filer/USAddress/CityNm0TORRANCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090504
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954806079
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kiyohara & Takahashi LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013300 Crossroads Pkwy N Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0City of Industry
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091746
ReturnHeader/PreparerPersonGrp/PhoneNum03232781300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bourne Jin CPA
ReturnHeader/ReturnTs02025-11-07T14:00:21-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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