Cadet Hoops Basketball
Nonprofit profile at a glance
- EIN
- 814364715
- IRS 990-EZ coverage
- 2019–2020
- Forms available
- Form 990-EZ 2020
- Location
- Carteret, NJ, USA
- Phone
- 7329270071
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $9,969
- Expenses
- $7,600
- Assets
- $7,083
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- Robert Prioleau (Board Advisor)
- Katrena Perou (Board Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
NJ Non-Profit was established in 2016 and is a top instructional basketball program focusing on teaching the core fundamentals of the game in a fun, instructional and semi-competitive environment. All programs utilize basketball as a vehicle to teach school age youths the leadership, socialization and physical skills they need to be a better basketball player on the court by utilizing drill and station work along with full court structured games. Cadet Hoops Basketball Association aspires to be an outstanding common core aligned educational-athletic organization that provides a high-quality experience to every athlete. It is our goal to provide every coach with the tools to succeed as a Positive Coach. We are committed to creating a positive culture, in which coaches, parents, fans, officials and athletes work together to achieve our mission.
What it reported doing in 2020
Initial youth development skills and rec session finally started in September of 2020. total kids in the program = 80 kids Through the help and assistance of the Middlesex county health department we were able to re-open our doors in a much smaller capacity. We won a second Harmony Award for the most outstanding New Jersey program to bring all sections of a community together.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.3%; rating input score 63
- Program expense ratio: 83%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 23.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -33.6% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 98.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 63.3% of revenue deployed · 83% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2019 to 2020
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.