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Nonprofit · EIN 84-4283689

HOOP BUS INC

Tax-exempt · VAN NUYS, CA 91406

Financials

$1.6M$1.5M2023$1.6M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of HOOP BUS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,641,580$1,353,686$287,894$467,572$46,885$420,687
December 31, 2023990$1,630,201$1,507,826$122,375$181,639$48,846$132,793
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,641,580
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$76,985
Other salaries and wages
$117,180
Salaries, compensation and benefits (total)
$211,304
Professional fundraising fees
$0
Accounting fees
$60,420
Occupancy
$12,742
Travel
$136,857
Depreciation
$15,358
Program services (functional)
$1,090,213
Management and general (functional)
$232,748
Fundraising (functional)
$30,725

Balance sheet and other

Total assets, start of year
$181,639
Total assets, end of year
$467,572
Total liabilities, end of year
$46,885
Net assets, end of year
$420,687
Land, buildings and equipment
$86,051
Net assets without donor restrictions
$273,187
Net assets with donor restrictions
$147,500
Gross receipts
$1,641,580
Employees
6
Volunteers
0
Year formed
2020
State of legal domicile
CA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
NICOLAS GAILLARDFOUNDER & CREATIVE DIRECTOR
Trustee or director, Officer
40$78,000
TOBIAS DIMARCOEXECUTIVE DIRECTOR
Officer
40$76,985
ELLIOT ROBINSONBOARD MEMBER
Trustee or director, Officer
0$0
NATE KELLYBOARD MEMBER
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
DAN MORONIEXECUTIVE DI
Former
40$85,111
ROSALIE CEBREROSPROGRAMS DIR
Officer
40$63,347
CHIKAKO HORIIACCOUNTING S
Officer
40$39,496
TOBIAS DIMARCOEXECUTIVE DI
Officer
40$30,934
KELLY KOSKICREATIVE SER
Officer
40$24,061
KASSANDRA CUMMINGSPROGRAM COOR
Officer
40$6,853

Address and contacts

Address (IRS master file)
6910 HAYVENHURST AVE STE 103, VAN NUYS, CA 91406-4633
In care of
% NATHANIEL KELLY
Mailing address (990-N for 2020)
1220 INNES AVE APT 2, LOS ANGELES CA 90026
Principal officer (990 for 2024)
TOBIAS DIMARCO, 6910 Hayvenhurst Ave, Van Nuys, CA 91406
Principal officer (990-N for 2020)
NATE KELLY, 1220 INNES AVE APT 2, LOS ANGELES CA 90026
Signed the 990
TOBIAS DIMARCO, EXECUTIVE DIRECTOR
Phone
(301) 401-4045
Return prepared by
MNB Accountancy

Mission

Hoopbus is rooted in the belief that basketball has the power to transform lives, build bridges, and uplift communities. Our mission is to spread love and build community through basketball, creating unforgettable experiences from local blocks to global cities and bringing the game where it's needed most.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024, Hoopbus served communities by hosting programs and events in more than fifty cities. Our program services revolve around addressing three key impact pillars: youth programming, community revitalization projects, and resource distribution. Our primary youth program - the P.E. Takeover - reached an estimated 29,750 students across 85 programs run. It features a workshop and school assembly for elementary to high schoolers teaching gratitude, teamwork, discipline and self-love. Hoopbus ran or participated in 154 grassroots community events reaching an estimated 77,000 individuals. Hoopbus piloted a nine week mentorship program addressing the bridge between traditional education and lifeskills, teaching healthy lifestyles, creative entrepreneurship, expression through creativity, financial literacy, and leadership & confidence modules to 64 program graduates at Simon Tech in Watts. Lastly, Hoopbus hosted 94 public exhibition events with partners including the Knicks, the Celtics, When We All Vote, Meta, and The Mavericks bringing tournaments, dunk shows and clinics to an estimated 141,000 individuals. Our Court Refurbishment program revitalized three courts, Woodruff Place Baptist Church, Newcomer Middle School, and Oak Cliff Park, leaving behind upgraded equipment, art murals, and experiences and memories from court inauguration events.Throughout the course of the year, Hoopbus donated more than 10,000 basketballs and 2,000 pairs of shoes to our program participants and in-need organizational partners.
    Expenses $1,090,213

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-4283689
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$467,572
Income (IRS master file)
$1,641,580

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,630,201$1,507,826$181,639IRS
990December 2022$681,249$694,382$42,166IRS
990December 2021–––IRS
990-N for 2020
Officer: NATE KELLY
December 31, 2020≤ $50,000 receipts––e-Postcard
990-EZDecember 2020–––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 HOOP BUS INC

What is the EIN of HOOP BUS INC?
The employer identification number (EIN) of HOOP BUS INC is 84-4283689.
Is HOOP BUS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to HOOP BUS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOOP BUS 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 BUS 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 BUS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HOOP BUS INC?
The 990 for the year ended December 31, 2024 names TOBIAS DIMARCO.
Who are the officers and directors of HOOP BUS INC?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $78,000 (NICOLAS GAILLARD, FOUNDER & CREATIVE DIRECTOR).
How much revenue does HOOP BUS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,641,580, expenses of $1,353,686 and total assets of $467,572 at year end.

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