Nonprofit · EIN 95-4614623
HOOPS FOR FRIENDS INC
Tax-exempt · TORRANCE, CA 90504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $37,955 | $24,787 | $13,168 | $87,124 | – | $87,124 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,170
- Investment income
- $1,764
- Net income from fundraising events
- $31,021
Expenses
- Grants and similar amounts paid
- $23,975
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $812
Balance sheet and other
- Total assets, start of year
- $73,956
- Total assets, end of year
- $87,124
- Total liabilities, end of year
- –
- Net assets, end of year
- $87,124
- Cash, savings and investments
- $87,124
- Gross receipts
- $161,506
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GERALD MORITA | PRESIDENT | 8 | $0 |
| JOLENE MORITA | SEC / TREAS | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 18045 CHANERA AVE, TORRANCE, CA 90504-5109
- In care of
- % GERALD MORITA
- Mailing address (990-N for 2021)
- 18045 Chanera Ave, Torrance CA 90504
- Principal officer (990-N for 2021)
- Gerald Morita, 18045 Chanera Ave, Torrance CA 90504
- Signed the 990-EZ
- GERALD MORITA, President
- Phone
- (310) 836-1707
- Website
- lvihoops.org
- Return prepared by
- Kiyohara & Takahashi LLP
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 accomplishments
- 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 2020 tax year.
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-EZ 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
- 95-4614623
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $87,124
- Income (IRS master file)
- $161,506
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $29,543 | $18,474 | $80,313 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Gerald Morita | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 HOOPS FOR FRIENDS INC
- What is the EIN of HOOPS FOR FRIENDS INC?
- The employer identification number (EIN) of HOOPS FOR FRIENDS INC is 95-4614623.
- Is HOOPS FOR FRIENDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to HOOPS FOR FRIENDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOOPS FOR FRIENDS 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 HOOPS FOR FRIENDS 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 HOOPS FOR FRIENDS INC 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 HOOPS FOR FRIENDS INC?
- The 990-N for 2021 names Gerald Morita.
- Who are the officers and directors of HOOPS FOR FRIENDS INC?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does HOOPS FOR FRIENDS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $37,955, expenses of $24,787 and total assets of $87,124 at year end.
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