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New York Elite Fc Inc

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

EIN: 331159834 ✦ Ballston spa, NY ✦ Designated as a 501(c)(3)

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Overview

What is New York Elite Fc Inc?

New York Elite FC Inc, situated in Ballston Spa, New York, is a dedicated nonprofit organization that aims to promote soccer as a sport. Their mission involves establishing both boys' and girls' soccer teams that compete at various local, regional, state, and national levels. They provide essential support and training to foster the development of amateur soccer athletes. Furthermore, New York Elite FC Inc encourages competition in soccer through organizing team competitions and soccer tournaments.


Official website here: www.nyelitefc.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69%, Two-Star out of Four Star rating.

New York Elite FC Inc has earned a Two-Star rating due to its 69% score, which focuses entirely on Accountability & Finance. The organization demonstrates strong governance with a fully independent board and no material diversion of assets, reflecting responsible financial management. The program expense ratio is commendable, standing at 99.77%, indicating that nearly all funds are used for its intended programs.

However, there are significant areas for improvement. The organization lacks a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which are essential for transparency and accountability. These missing elements contributed to the lower overall score, suggesting that while the financial aspects of the organization are solid, governance policies need to be strengthened to enhance trust and operational effectiveness.


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

Is New York Elite Fc Inc legitimate?

New York Elite Fc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Elite Fc 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: $14,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nyelitefc.com

What is the mission statement of New York Elite Fc Inc?

New York Elite FC Inc is dedicated to promoting soccer as a sport. They establish both boys and girls soccer teams that compete at various levels, including local, regional, state, and national competitions. The organization provides support and training to develop amateur soccer athletes, aiming to foster a competitive environment through team competitions and soccer tournaments.


Official website here: www.nyelitefc.com

Who is the CEO of New York Elite Fc Inc?

Gary Sweeney is the Co-Treasurer of New York Elite Fc Inc.


Official website here: www.nyelitefc.com

What is the revenue of New York Elite Fc Inc?

New York Elite Fc Inc's revenue in 2023 was $851,936.


Official website here: www.nyelitefc.com

Who are the executives of New York Elite Fc Inc and what are their salaries?

There 15 volunteers at New York Elite Fc Inc.


Here are 3 key members and their salaries:


Blair Downie (Co-Treasurer)
  • Compensation: $7,000
  • Related: $0
  • Other: $0
Gary Sweeney (Ex Dir/Co-Tr)
  • Compensation: $7,000
  • Related: $0
  • Other: $0
Paul Rogan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nyelitefc.com

Where can I find the form 990 for New York Elite Fc Inc?

New York Elite Fc Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nyelitefc.com

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

Mission Statement of New York Elite Fc Inc

New York Elite FC Inc, a dedicated organization, is committed to promoting soccer as a sport. Their primary objective is to establish both boys' and girls' soccer teams that compete on various levels, including locally, regionally, statewide, and nationally. Beyond this, they provide essential support and training to develop amateur soccer athletes, fostering a competitive spirit through team competitions and soccer tournaments. By doing so, New York Elite FC Inc aims to nurture the love for soccer and cultivate talent within the sport.

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Impact




October, 2024

New York Elite FC Inc significantly enhances the soccer landscape by promoting the sport at multiple competitive levels, from local to national. The organization's establishment of both boys' and girls' teams creates inclusive opportunities for young athletes to engage with soccer, fostering skill development and a passion for the game. Through structured support and training programs, the organization nurtures amateur soccer players, helping them reach their potential while instilling values of teamwork, discipline, and sportsmanship.

Additionally, by organizing team competitions and soccer tournaments, New York Elite FC Inc cultivates a vibrant community around soccer, encouraging healthy competition and camaraderie among participants. This approach not only helps athletes develop their skills but also builds a sense of belonging and pride within the community, ultimately strengthening the local sports culture. The impact of New York Elite FC Inc is evident in the growth of soccer participation and the development of future stars in the sport.




This information is meant to be a general summary of New York Elite Fc 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.

Revenue
$851,936 (2023)
Expenses
$804,419 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $851,936
  • Gross Receipts: $851,936

Assets and Liabilities:

  • Total Assets: $248,708
  • Total Liabilities: $0
  • Net Assets: $248,708

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CLUB DUES

Revenue

$851,936

Organization Details

Founding Year

2007

Principal Officer

Gary Sweeney

Main Address

1115 LAURAL LANE, BALLSTON SPA, NY, 12020

NTEE Category

Code: N50 - Recreation

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