Hoop Bus Inc

Nonprofit profile at a glance

EIN
844283689
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2020
Location
Van Nuys, CA, USA
Phone
3014014045
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$1,641,580
Expenses
$1,353,686
Assets
$467,572
Liabilities
$46,885

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • TOBIAS DIMARCO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • NICOLAS GAILLARD (FOUNDER & CREATIVE DIRECTOR): $78,000 total reported compensation
  • TOBIAS DIMARCO (EXECUTIVE DIRECTOR): $76,985 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 72
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.4%; rating input score 66
  • Program expense ratio: 80.5%; rating input score 81
  • Fundraising efficiency: $53.43 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.5%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 11.4%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 53.1% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 59.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 69.9% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 66.4% of revenue deployed · 80.5% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $78K · 4 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.