Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

HOOPS AND DREAMS FOUNDATION INC is a nonprofit organization focused on basketball training while also providing instruction on essential life skills, including education, social skills, career planning, and community involvement. With an operating budget of $170.3K and total revenue of $206.2K for the filing year 2025, the foundation demonstrates a strong financial scale, although it relies on multiple funders rather than a single source for 50% or more of its revenue. More information about their programs and initiatives can be found on their website at https://hoopsanddreamsct.com/.

Mission Statement

Our organization's primary purpose is to provide basketball training with instruction on life skills such as educational tips, social skills, career planning, and community involvement and good citizenship.
Revenues
$206.3K
Expenses
$170.3K
Net Income:
+$35.9K
Assets
$43.8K
Liabilities
$0
Net Assets:
+$43.8K
Operating Budget
$170.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$2.5K
Largest grant received
$3.5K
F
Frank Oleynick
Board Member
R
Reginald Walker
Board Member
P
Peter Perillo
Board Member

Frequently Asked Questions

What is HOOPS AND DREAMS FOUNDATION INC’s budget?
In 2025, HOOPS AND DREAMS FOUNDATION INC reported an annual operating budget of around $170 thousand. More detailed financial information is available to registered users.
What causes does HOOPS AND DREAMS FOUNDATION INC support?
HOOPS AND DREAMS FOUNDATION INC supports work in Basketball.
Where does HOOPS AND DREAMS FOUNDATION INC operate?
HOOPS AND DREAMS FOUNDATION INC is headquartered in Bridgeport, CT.
Who funded HOOPS AND DREAMS FOUNDATION INC recently?
In 2024, HOOPS AND DREAMS FOUNDATION INC received grants from COLON FAMILY EDUCATION FOUNDATION INC, BAIRD FOUNDATION INC, and COLON FAMILY EDUCATION FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant HOOPS AND DREAMS FOUNDATION INC received in 2024?
The largest grant to HOOPS AND DREAMS FOUNDATION INC in 2024 exceeds $3,500.
What is HOOPS AND DREAMS FOUNDATION INC’s reliance on government grants?
HOOPS AND DREAMS FOUNDATION INC relied on government grants for more than 60% of their total revenue in 2025.