Overview
What is Naz Elite Inc?
Naz Elite Inc, located in Flagstaff, Arizona, is a nonprofit organization dedicated to supporting professional distance runners in their pursuit of the Olympic Games. They offer a comprehensive training environment, providing coaching, housing, physical therapy, travel, and lodging accommodations for competitions. Merit-based stipends are awarded based on race performance to aid these athletes in their journey. The primary mission of Naz Elite Inc is to ensure these runners have the necessary resources and support to excel in their Olympic aspirations.
Official website here: www.nazelite.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Naz Elite Inc has received a low rating of 54%, which indicates significant concerns regarding its accountability and finance practices. While the organization has a fully independent board and demonstrates strong material asset management and program expense ratios, it fails to meet several critical governance requirements. Particularly, the absence of conflict of interest, whistleblower, and document retention policies raises red flags about its operational integrity.
Strengths of Naz Elite Inc include a fully independent board and effective management of program expenses, suggesting that funds are directed towards its mission. However, the charity's overall governance and financial practices are notably weak, as reflected by the low scores in essential areas such as liability management and policy implementation for transparency and accountability. These issues may hinder potential donors from feeling secure in their contributions.
Overall, while Naz Elite Inc shows dedication in some operational aspects, the lack of fundamental policies and governance measures could impact its effectiveness and trustworthiness in the nonprofit sector. Prospective supporters should consider these factors when evaluating the organization for donations or partnerships.
This AI summary has been generated from information found on Charity Navigator.
Is Naz Elite Inc legitimate?
Naz Elite Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naz Elite 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,789
For more financial information, click here
Official website here: www.nazelite.com
What is the mission statement of Naz Elite Inc?
Naz Elite Inc is committed to providing an optimal training environment for professional distance runners in their pursuit of the Olympic Games. Their mission is to offer coaching, housing, physical therapy, and travel/lodging accommodations for competitions. Stipends are awarded to athletes based on their race performance, aiming to support their journey towards Olympic success.
Official website here: www.nazelite.com
What is the revenue of Naz Elite Inc?
Naz Elite Inc's revenue in 2023 was $1,356,197.
Official website here: www.nazelite.com
Who are the executives of Naz Elite Inc and what are their salaries?
There 5 volunteers at Naz Elite Inc.
Here are 5 key members and their salaries:
- Compensation: $177,558
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nazelite.com
Where can I find the form 990 for Naz Elite Inc?
Naz Elite Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nazelite.com
Learn more at the official website: www.nazelite.com
Mission Statement of Naz Elite Inc
Naz Elite Inc, a distinguished organization, is dedicated to providing an optimal training environment for professional distance runners as they strive towards participating in the Olympic Games. Their mission is centered around offering comprehensive coaching, housing, physical therapy, and travel/lodging accommodations for competitions. This holistic approach aims to support these athletes in their pursuit of Olympic glory. In addition, stipends are awarded based on their race performance, further incentivizing their athletic achievements.
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Impact
July, 2024
Naz Elite Inc's impact can be seen in the support and opportunities it provides to professional distance runners aiming for the Olympic Games. By offering coaching, housing, physical therapy, and travel accommodations for competitions, as well as stipends based on race performance, Naz Elite Inc plays a crucial role in helping athletes pursue their Olympic dreams. This organization based in Flagstaff, AZ, contributes to the development and success of athletes in the field of distance running, enhancing their chances of reaching the pinnacle of their sport.
This information is meant to be a general summary of Naz Elite 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 2023.
- Program Service Revenue: $1,347,546
- Gross Receipts: $1,359,624
Assets and Liabilities:
- Total Assets: $50,112
- Total Liabilities: $42,218
- Net Assets: $7,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE STIPENDS
Revenue
$1,347,546
Organization Details
Founding Year
2015
Principal Officer
Benjamin Rosario
Website
www.nazelite.comNTEE Category
Code: N71 - Recreation
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