Jacket Hoop Boosters Inc

Nonprofit profile at a glance

EIN
411732734
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024
Location
Cambridge, MN, USA
Phone
7635166776
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$98,377
Expenses
$84,855
Assets
$61,589

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JEREMY BICKFORD (PRESIDENT)

People named in this filing

  • JEREMY BICKFORD (PRESIDENT)
  • BRAD SCHREIFELS (VICE PRESIDE)
  • CHERIE LUNDEEN (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Relieve the burden of government & provide basketball programs for area youth

What it reported doing in 2024

The hoop boosters provide funds for cambridge isanti basketball to allow youth to participate in various tournaments and competitions. The organization supports 4th through 8th grade travel programs that consist of 14 girls and boys teams. The organization also provides support for boys and girls varsity events. Other fundraising events are held to reduce the costs of tournament fees so the youth can participate in additional athletic competitions. Some of the additional events held support the purchase of shirts for coaches, uniforms for players, & meals and travel expenses when the kids compete in areas that require overnight stays. Funds are also used each year to support two student athletes, one male and one female.

Operating model

Revenue model
Earned-program. 82% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.6%; rating input score 83
  • Program expense ratio: 95.8%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 13.7%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 38; 38th 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: 4.2% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 82.6% of revenue deployed · 95.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $81K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.