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Syracuse Nets Ltd

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271256146 ✦ Camillus, NY ✦ Designated as a 501(c)(3)

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Overview

What is Syracuse Nets Ltd?

Syracuse Nets Ltd is a nonprofit organization that aims to empower student-athletes by offering a competitive basketball platform. Their mission is to establish an enriching environment where these athletes can enhance their skills at both local and national levels. By providing organized and competitive basketball programs, they give the youth in their community the opportunity to engage in this popular sport. This initiative not only fosters teamwork and sportsmanship but also encourages personal growth and development among its participants.


Official website here: www.syracusenets.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.

Syracuse Nets Ltd has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is primarily based on a single metric of accountability, where the organization excelled in several key areas, such as having a fully independent board and no material diversion of assets. The charity also demonstrates strong financial health with a program expense ratio of 93.72%, indicating that the majority of its funds are directed toward its mission-related activities.

However, the organization has notable limitations regarding its governance policies. Specifically, Syracuse Nets Ltd lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which detracts from its overall accountability score. While it has shown strengths in board independence and financial ratios, addressing these policy gaps could significantly enhance its governance framework and overall trustworthiness.

Overall, Syracuse Nets Ltd's financial accountability and commitment to directing funds toward its programs are commendable. Nonetheless, the absence of essential governance policies highlights areas for improvement that could strengthen the nonprofit's reputation and operational transparency.


This AI summary has been generated from information found on Charity Navigator.

Is Syracuse Nets Ltd legitimate?

Syracuse Nets Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syracuse Nets Ltd 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.syracusenets.com

What is the mission statement of Syracuse Nets Ltd?

Syracuse Nets Ltd is established with a mission to create and foster an environment that offers opportunities for student-athletes to enhance their basketball experience. This is achieved through participation in competitive athletic teams at both local and national levels. The organization aims to provide an organized and competitive basketball program, enabling youth in the community to engage in this sport.


Official website here: www.syracusenets.com

Who is the CEO of Syracuse Nets Ltd?

Deborah Lamphear is the Director of Syracuse Nets Ltd.


Official website here: www.syracusenets.com

What is the revenue of Syracuse Nets Ltd?

Syracuse Nets Ltd's revenue in 2022 was $10,923.


Official website here: www.syracusenets.com

Who are the executives of Syracuse Nets Ltd and what are their salaries?

There are 11 employees at Syracuse Nets Ltd.


Here are 4 key members and their salaries:


Scott Gantos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Lamphear (Vice Pres/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Lamphear (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Munson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.syracusenets.com

Where can I find the form 990 for Syracuse Nets Ltd?

Syracuse Nets Ltd's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.syracusenets.com

Learn more at the official website: www.syracusenets.com

Mission Statement of Syracuse Nets Ltd

Syracuse Nets Ltd, a nonprofit organization, is committed to establishing and promoting an environment that empowers student-athletes to enhance their basketball experience. This is achieved by offering them the opportunity to join competitive athletic teams at both local and national levels. By doing so, the youth in the community are given the chance to participate in a structured and competitive basketball program. This mission of Syracuse Nets Ltd aims to enrich the basketball journey for all its members, providing them with a platform to grow and excel in their passion for the sport.

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Impact




August, 2024

Syracuse Nets Ltd positively impacts the community by providing opportunities for student-athletes to enrich their basketball experience through participation on competitive athletic teams at both local and national levels. By offering organized and competitive basketball programs, Syracuse Nets Ltd not only helps develop the skills and talents of young athletes but also fosters a sense of community and teamwork among participants. Through their mission to create an environment that supports the growth and development of student-athletes, Syracuse Nets Ltd contributes to the overall well-being and enrichment of the youth in their community.




This information is meant to be a general summary of Syracuse Nets Ltd. 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.

Revenue
$10,923 (2022)
Expenses
$5,972 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1
  • Gross Receipts: $10,923

Assets and Liabilities:

  • Total Assets: $5,526
  • Total Liabilities: $395
  • Net Assets: $5,131

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Organization Details

Principal Officer

Deborah Lamphear

Main Address

4914 WEST GENESEE ST, CAMILLUS, NY, 13031

NTEE Category

Code: N62 - Recreation

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