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Nonprofit · EIN 87-4104292

GILBERT HOOPS CLUB FOUNDATION

Tax-exempt · GILBERT, AZ 85234

Financials

$28K$24K2024$108K$88K2025
Revenue Expenses · by fiscal year end
Financials of GILBERT HOOPS CLUB FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$107,745$88,455$19,290$26,941$0$26,941
December 31, 2024990-EZ$27,755$23,819$3,936$7,667$16$7,651
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$60,016
Program service revenue
$46,839
Other revenue
$890

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$6,761
Occupancy
$25,969
Other expenses
$55,725
Program services (functional)
$79,841

Balance sheet and other

Total assets, start of year
$7,667
Total assets, end of year
$26,941
Total liabilities, end of year
$0
Net assets, end of year
$26,941
Cash, savings and investments
$12,346
Gross receipts
$107,745

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
JASON E LAKECHAIRMAN OF THE BOARD6$0
JARED SUSINITREASURER3$0
ADAM BICKERSTAFFSECRETARY0.5$0
990-EZ for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
JASON E LAKECHAIRMAN OF THE BOARD6$0
JARED SUSINITREASURER3$0
ADAM BICKERSTAFFSECRETARY0.5$0

Address and contacts

Address (IRS master file)
2537 E PAGE CT, GILBERT, AZ 85234-1311
In care of
% JASON E LAKE
Mailing address (990-N for 2023)
2537 E PAGE CT, GILBERT AZ 85234
Principal officer (990-N for 2023)
JASON E LAKE, 2537 E PAGE CT, GILBERT AZ 85234
Signed the 990-EZ
JASON E LAKE, CHAIRMAN OF THE BOARD
Phone
(480) 964-2408
Return prepared by
WALLACE PLESE DREHER LLP

Mission

OUR MISSION IS TO PROMOTE LIFE SKILL DEVELOPMENT OF YOUTH THROUGH BASKETBALL BY EMPHASIZING SELF-IMPROVEMENT, TEAMWORK, AND MOST IMPORTANTLY ENJOYING THE PROCESS. WE ALSO INTEND TO PROVIDE THIS OPPORTUNITY REGARDLESS OF LEVEL OF INCOME. WE CAN DO THIS THROUGH OUR FOUNDATION (GILBERT HOOPS CLUB FOUNDATION), AN IRS 501(C)(3) TAX-EXEMPT PUBLIC CHARITY. GHC HOPES TO CHANGE THE LIFE PATH OF YOUTH THROUGH BASKETBALL IN HOPES THAT THEY PAY IT FORWARD LATER IN LIFE THROUGH SERVICE AND/OR CHARITY WORK.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • PREPARE YOUTH FOR THE NEXT STAGE OF LIFE THROUGH SPORTS. LEARN CONCEPTS OF DELAYED GRATIFICATION, COMMITMENT, TEAMWORK, WINING/LOSING, LEARNING HOW TO BE COACHED IN LIFE. KEEPING THEM FOCUSED ON RELATIONSHIPS AND PHYSICAL AND MENTAL HEALTH AND EXPOSURE TO POSITIVE ROLE MODELS.
    Expenses $79,841

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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
87-4104292
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$26,941
Income (IRS master file)
$107,745

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$107,745$88,455$26,941XML
990-EZDecember 2024$27,755$23,819$7,667XML
990-N for 2023
Officer: JASON E LAKE
December 31, 2023≤ $50,000 receipts––e-Postcard
990-EZDecember 2022–––IRS
990-N for 2021
Officer: JASON E LAKE
December 31, 2021≤ $50,000 receipts––e-Postcard

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 87-4104292).

Questions about GILBERT HOOPS CLUB FOUNDATION

What is the EIN of GILBERT HOOPS CLUB FOUNDATION?
The employer identification number (EIN) of GILBERT HOOPS CLUB FOUNDATION is 87-4104292.
Is GILBERT HOOPS CLUB FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to GILBERT HOOPS CLUB FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GILBERT HOOPS CLUB FOUNDATION 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 GILBERT HOOPS CLUB FOUNDATION 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 GILBERT HOOPS CLUB FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of GILBERT HOOPS CLUB FOUNDATION?
The 990-N for 2023 names JASON E LAKE.
Who are the officers and directors of GILBERT HOOPS CLUB FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does GILBERT HOOPS CLUB FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $107,745, expenses of $88,455 and total assets of $26,941 at year end.

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