Civic Intelligence

Hoops for Friends Inc.

990EZ • Fiscal year 2019 • EIN 95-4614623

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

18045 Chanera AveTorrance, CA 90504

(310) 836-1707

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

12th percentile

-31%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

27th percentile

-12%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$151,889

Down $20,325 (-12%) from 2018

Net Assets

Down

$151,889

Down $20,325 (-12%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$65,693

Down $8,317 (-11%) from 2018

Expenses

Up

$86,018

Up $15,077 (+21%) from 2018

Net Income

Down

-$20,325

Down $23,394 (-762%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$151,889
Liabilities-
Net Assets$151,889

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$65,693
Expenses$86,018
Net Income-$20,325
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$166,489
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 2019 tax year.$597$85,421
Compensation and Service Providers

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$115,689$115,689$76,523$39,166
Total Events$115,689$115,689$100,796$14,893
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
2020-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Kiyohara & Takahashi LLP
Address
6055 E Washington Blvd Ste 690, Commerce, CA 90040
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: $85421

Other Expenses.1

CORPORATE EXPENSES $580

Other Expenses.2

BANK CHARGES $17

Raw XML Appendix167 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/ExplanationTxt0| Donee's Name: SEE ATTACHED SCHEDULE | Donee's Address: VARIOUS DONEES - SEE SCHEDULE TORRANCE CA 90504 | Cash Amount Given: $85421
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORPORATE EXPENSES $580
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES $17
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
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ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD MORITA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
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/PreparerFirmGrp/PreparerFirmEIN0954806079
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kiyohara & Takahashi LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06055 E Washington Blvd Ste 690
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Commerce
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090040
ReturnHeader/PreparerPersonGrp/PhoneNum03232781300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bourne Jin CPA
ReturnHeader/ReturnTs02020-11-15T20:18:43-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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