Hoops for Friends Inc
Nonprofit profile at a glance
- EIN
- 954614623
- IRS 990-EZ coverage
- 2018–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Torrance, CA, USA
- Phone
- 3108361707
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $37,955
- Expenses
- $24,787
- Assets
- $87,124
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- GERALD MORITA (PRESIDENT)
People named in this filing
- GERALD MORITA (PRESIDENT)
- JOLENE MORITA (SEC / TREAS)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 69
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.7%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 3.51; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -20.7% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -13.7% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -12.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2018 to 2025
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.