Overview
What is Socal Elite Sports Inc?
Socal Elite Sports Inc, established in 2007, is a nonprofit organization based in Irvine, California. Its primary mission is to provide educational and charitable services focused on basketball, catering to young boys and girls. This includes organizing seasonal leagues, which run for five to ten weeks, and hosting various basketball camps for beginners, intermediates, and experienced players, ranging from ages 6 to 18. The organization's activities aim to foster skill development and competitive tournament participation, contributing to the overall growth and enjoyment of the sport. Socal Elite Sports Inc operates with a team of five dedicated individuals, providing a platform for youth within the community to engage in basketball activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Socal Elite Sports Inc has received a rating of 79%, which equates to a Three-Star designation on Charity Navigator. This rating reflects a strong commitment to accountability and financial transparency, essential qualities for effective nonprofit organizations. The charity has demonstrated a solid financial management framework, with a program expense ratio of 89.47%, indicating that a substantial portion of its resources is directed towards its charitable programs rather than administrative costs.
One of the notable strengths of Socal Elite Sports Inc is its governance structure, characterized by 100% independent board members. This independence, along with a comprehensive conflict of interest policy and the presence of essential governance policies like whistleblower and document retention policies, enhances the organization's credibility and operational integrity. Additionally, there have been no reported material diversions of assets, further emphasizing its responsible management practices.
While the rating is commendable, it suggests that while the organization is performing well, there is room for improvement in certain areas to achieve a higher rating. Continuous evaluation of its financial strategies and operational practices could help Socal Elite Sports Inc enhance its impact and efficiency, ultimately serving its mission more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Socal Elite Sports Inc legitimate?
Socal Elite Sports Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Socal Elite Sports Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $184,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,231
For more financial information, click here
What is the mission statement of Socal Elite Sports Inc?
Socal Elite Sports Inc, established in 2007, was founded with educational and charitable objectives. Its primary focus is to offer basketball camps, clinics, training sessions, skill development programs, and competitive tournament activities for young boys and girls. The organization's mission is to provide an enriching environment for the growth and development of these young athletes, helping them enhance their basketball skills. Socal Elite Sports Inc conducts seasonal basketball leagues, each lasting between five to ten weeks, inviting participants from its own basketball academy and the local community. Additionally, the organization organizes various seasonal camps for beginners, intermediates, and experienced players, catering to a wide age range from 6 to 18 years.
Who is the CEO of Socal Elite Sports Inc?
Cary Lambeth is the Vp & Secretary of Socal Elite Sports Inc. The CEO's salary of Socal Elite Sports Inc is $92,000 and their total compensation is $100,373.
What is the revenue of Socal Elite Sports Inc?
Socal Elite Sports Inc's revenue in 2022 was $1,518,135.
Who are the executives of Socal Elite Sports Inc and what are their salaries?
The average compensation at Socal Elite Sports Inc during 2022 was $64,646. There are 5 employees and 61 volunteers at Socal Elite Sports Inc.
Here are 4 key members and their salaries (Socal Elite Sports Inc's CEO's salary is $92,000 and their total compensation is $100,373):
- Compensation: $92,000
- Related: $0
- Other: $36,330
- Compensation: $92,000
- Related: $0
- Other: $8,373
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Socal Elite Sports Inc?
Socal Elite Sports Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Socal Elite Sports Inc
Socal Elite Sports Inc was established in 2007 with a dual purpose of education and charity. Its primary mission is to offer basketball camps, clinics, training, skill development, and competitive tournament activities for young boys and girls. The organization aims to promote basketball among young individuals, nurturing their talent and providing them with opportunities to enhance their skills. Socal Elite Sports Inc conducts seasonal basketball leagues, each lasting between five to ten weeks. These leagues attract participants from Socal Elite Basketball Academy and other youth residents within the community. Additionally, the nonprofit organizes several seasonal camps for beginners, intermediates, and experienced players, catering to children aged between 6-18. These camps aim to foster a love for basketball and help players improve their techniques and strategies. Overall, Socal Elite Sports Inc leverages basketball as a tool for education and skill development, providing a fun and engaging environment for young individuals.
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Impact
October, 2024
Socal Elite Sports Inc significantly contributes to the development of youth basketball in the Irvine area and surrounding communities. Established in 2007, it offers a comprehensive range of basketball activities, including seasonal leagues and camps designed for participants aged 6 to 18.
Through its structured programs, Socal Elite provides young athletes with opportunities for skill development, training, and competitive play. The seasonal leagues, which last between five to ten weeks, cater to players from the Socal Elite Basketball Academy as well as other local youth, fostering a sense of community and teamwork among participants.
The organization places a strong emphasis on educational growth, combining athletic training with life skills, which instills a sense of discipline and focus in young athletes. By hosting clinics and tournaments, Socal Elite not only enhances the players' basketball skills but also builds their confidence and encourages sportsmanship.
Overall, Socal Elite Sports Inc plays a pivotal role in nurturing young talent, promoting physical fitness, and providing a positive and engaging environment for youth in the sport of basketball.
This information is meant to be a general summary of Socal Elite Sports Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,514,135
- Gross Receipts: $1,518,135
Assets and Liabilities:
- Total Assets: $1,055,937
- Total Liabilities: $493,956
- Net Assets: $561,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMIES
Revenue
$206,652
BASKETBALL LEAGUES
Revenue
$974,353
CLUBS
Revenue
$196,536
VOLLEYBALL YOUTH LEAGUES
Revenue
$136,594
Organization Details
Founding Year
2007
Phone
(949) 678-2949Principal Officer
Cary Lambeth
Main Address
13 LINCOLN, IRVINE, CA, 92604
NTEE Category
Code: N62 - Recreation
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