Nonprofit · EIN 50-0004933
EDUCATION-N-HOOPS INC
Tax-exempt · HOUSTON, TX 77018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $135,020 | $118,782 | $16,238 | $34,698 | $0 | $34,698 |
| December 31, 2023 | 990-EZ | $135,020 | $116,560 | $18,460 | $18,460 | $0 | $18,460 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $135,020
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $30,000
- Professional fees and payments to contractors
- $4,000
- Occupancy
- $44,900
- Other expenses
- $39,882
Balance sheet and other
- Total assets, start of year
- $18,460
- Total assets, end of year
- $34,698
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,698
- Cash, savings and investments
- $34,698
- Gross receipts
- $135,020
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 |
|---|---|---|---|
| Monica Sheppard | PresidentCEO | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Monica Sheppard | PresidentCEO | 0 | $27,500 |
Address and contacts
- Address (IRS master file)
- 5122 PROSPERITY CIR, HOUSTON, TX 77018-2042
- In care of
- % MONICA SHEPPARD
- Mailing address (990-N for 2025)
- 1631 S Texas 6 C3, Houston TX 77077
- Principal officer (990-N for 2025)
- Monica D Sheppard, 5122 Prosperity Circle, Houston TX 77018
- Signed the 990-EZ
- MONICA SHEPPARD PRESIDENT, President
- Website
- Www.moneemakers.com
- Return prepared by
- Oasis Tax LLC
Mission
Provide basketball training
Program accomplishments
- Provide basketball training to the inner city youth
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 | 990-N 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
- 50-0004933
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $34,698
- Income (IRS master file)
- $135,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Monica D Sheppard | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $135,020 | $116,560 | $18,460 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about EDUCATION-N-HOOPS INC
- What is the EIN of EDUCATION-N-HOOPS INC?
- The employer identification number (EIN) of EDUCATION-N-HOOPS INC is 50-0004933.
- Is EDUCATION-N-HOOPS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to EDUCATION-N-HOOPS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATION-N-HOOPS 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 EDUCATION-N-HOOPS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATION-N-HOOPS INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of EDUCATION-N-HOOPS INC?
- The 990-N for 2025 names Monica D Sheppard.
- Who are the officers and directors of EDUCATION-N-HOOPS INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does EDUCATION-N-HOOPS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $135,020, expenses of $118,782 and total assets of $34,698 at year end.
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