Nonprofit · EIN 33-1189488
HOOP DREAMS BASKETBALL CLUB INC
Tax-exempt (reinstated) · LEXINGTON, KY 40509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $174,775 | $173,437 | $1,338 | $4,161 | $34,754 | -$30,593 |
| December 31, 2023 | 990-EZ | $89,095 | $101,969 | -$12,874 | $1,522 | $33,453 | -$31,931 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,000
- Program service revenue
- $163,775
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,693
- Occupancy
- $59,776
- Other expenses
- $108,968
- Program services (functional)
- $173,437
Balance sheet and other
- Total assets, start of year
- $1,522
- Total assets, end of year
- $4,161
- Total liabilities, end of year
- $34,754
- Net assets, end of year
- -$30,593
- Cash, savings and investments
- $4,161
- Gross receipts
- $174,775
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SCOTT | PRESIDENT | 2 | $0 |
| BETH SCOTT | SECRETARY | 2 | $0 |
| DAMEIAN MCPHERSON | DIRECTOR | 1 | $0 |
| LINDA GOINS | DIRECTOR | 1 | $0 |
| ROBERT BARR | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SCOTT | PRESIDENT | 2 | $0 |
| BETH SCOTT | SECRETARY | 2 | $0 |
| JAMES ALEXANDER | DIRECTOR | 2 | $0 |
| LINDA GOINS | DIRECTOR | 1 | $0 |
| ROBERT BARR | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2414 PALUMBO DRIVE 175, LEXINGTON, KY 40509-1117
- Signed the 990-EZ
- MIKE SCOTT, PRESIDENT
- Phone
- (410) 961-0030
- Website
- WWW.HOOPDREAMERS.COM
- Return prepared by
- HICKS & ASSOCIATES CPAS PLLC
Mission
TO PROVIDE THE UNDERPRIVILEGED WITH ACCESS TO SPORT CLINICS, WORKSHOPS, CONFERENCES, LEAGUES,AND OTHER ORGANIZATIONS. SERVICES INCLUDE BUT ARE NO LIMITED TO PROVIDING EQUIPMENT, RESOURCES, ASSISTANCE AND SUPPORT.
Program accomplishments
- TO PROVIDE THE UNDERPRIVILEGED WITH ACCESS TO SPORT CLINICS, WORKSHOPS, CONFERENCES, LEAGUES,AND OTHER ORGANIZATIONS. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING EQUIPMENT, RESOURCES, ASSISTANCE AND SUPPORT.Expenses $173,437
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 33-1189488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $4,161
- Income (IRS master file)
- $174,775
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective March 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $174,775 | $173,437 | $4,161 | XML |
| 990-EZ | December 2023 | $89,095 | $101,969 | $1,522 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-1189488).
Questions about HOOP DREAMS BASKETBALL CLUB INC
- What is the EIN of HOOP DREAMS BASKETBALL CLUB INC?
- The employer identification number (EIN) of HOOP DREAMS BASKETBALL CLUB INC is 33-1189488.
- Is HOOP DREAMS BASKETBALL CLUB INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective March 15, 2021.
- Are donations to HOOP DREAMS BASKETBALL CLUB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOOP DREAMS BASKETBALL CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOOP DREAMS BASKETBALL CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOOP DREAMS BASKETBALL CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of HOOP DREAMS BASKETBALL CLUB INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does HOOP DREAMS BASKETBALL CLUB INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $174,775, expenses of $173,437 and total assets of $4,161 at year end.
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