Overview
What is New York Elite Volleyball Inc?
New York Elite Volleyball Inc is a nonprofit organization situated in Poughkeepsie, New York. Their primary mission is to cultivate and improve volleyball skills in junior Olympic athletes. They accomplish this by promoting sportsmanship and instilling respect for the game's rules. The organization strives to foster friendship in a competitive environment, enabling youth to participate in tournaments with teams from various regions, states, and areas. Currently, their activities are funded through participant fees from the general public, and they plan to secure future funding through grants and donations from the public. With a dedicated workforce of 36 individuals, New York Elite Volleyball Inc is committed to nurturing and encouraging young volleyball talents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%, Zero-Star out of Four Star rating.
New York Elite Volleyball Inc has received a low rating of 49%, indicating significant concerns regarding its accountability and financial practices. This score reflects the absence of independent board members and several missing policies related to governance, such as conflict of interest, whistleblower, and document retention policies. Despite these issues, the organization has demonstrated a sound financial footing with a liabilities to assets ratio of 0.00%, highlighting its ability to manage debts effectively.
On the positive side, the organization allocates a reasonable portion of its budget to program expenses, with a program expense ratio of 66.67%. This suggests that a majority of its funds are directed toward its mission-related activities, which is a crucial factor for evaluating its impact. However, the lack of transparency and governance structures raises questions about its overall effectiveness and sustainability.
Overall, while New York Elite Volleyball Inc shows some strengths in its financial ratios, the significant governance shortcomings and lack of independent oversight may limit its credibility and effectiveness in serving its community. Prospective donors and partners may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is New York Elite Volleyball Inc legitimate?
New York Elite Volleyball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Elite Volleyball 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: $93,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,570
For more financial information, click here
What is the mission statement of New York Elite Volleyball Inc?
New York Elite Volleyball Inc is an organization committed to the development and training of junior Olympic athletes in volleyball. Their mission is to enhance the skills of these athletes, foster sportsmanship, and instill respect for the game's rules. They strive to inspire a sense of camaraderie in a competitive environment, achieving this by facilitating youth participation in tournaments with teams from various local regions, states, and areas. Currently, their activities are funded through participant fees from the general public, and they aim to secure future funding through grants and donations from the public.
Who is the CEO of New York Elite Volleyball Inc?
Dean Lombardo is the Co-President of New York Elite Volleyball Inc.
What is the revenue of New York Elite Volleyball Inc?
New York Elite Volleyball Inc's revenue in 2023 was $457,674.
Who are the executives of New York Elite Volleyball Inc and what are their salaries?
The average compensation at New York Elite Volleyball Inc during 2023 was $5,374. There are 36 employees at New York Elite Volleyball Inc.
Here are 2 key members and their salaries:
- Compensation: $47,150
- Related: $0
- Other: $0
- Compensation: $46,750
- Related: $0
- Other: $0
Where can I find the form 990 for New York Elite Volleyball Inc?
New York Elite Volleyball Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New York Elite Volleyball Inc
New York Elite Volleyball Inc is an organization dedicated to the development and training of junior Olympic athletes. Their mission is to nurture and enhance the volleyball skills of these athletes, fostering sportsmanship, and inspiring a deep respect for the rules of the game. By doing so, they aim to cultivate camaraderie in a competitive environment, providing an opportunity for young individuals to participate in tournaments with teams from various local regions, states, and areas. This organization achieves its objectives by relying on participant fees from the general public at present, with plans to secure further funding through grants and donations from the public in the future.
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Impact
July, 2024
New York Elite Volleyball Inc's impact is significant in the development and training of junior Olympic athletes. They strive to train and develop athletes in volleyball skills, promote sportsmanship, inspire respect for the rules of the game, and foster friendships in a competitive environment. By organizing youth participation in tournaments with teams from the local region and beyond, they provide valuable opportunities for growth and competition. This organization's activities are currently funded through participant fees and will be supported in the future by grants and donations.
This information is meant to be a general summary of New York Elite Volleyball 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.
- Gross Receipts: $457,674
Assets and Liabilities:
- Total Assets: $23,999
- Total Liabilities: $0
- Net Assets: $23,999
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Organization Details
Founding Year
2016
Principal Officer
Dean Lombardo
Main Address
1 COLONIAL KNOLLS, Poughkeepsie, NY, 12603
NTEE Category
Code: N60 - Recreation
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