Overview
What is Elite 3 Sports Ventures?
Elite 3 Sports Ventures is a nonprofit organization dedicated to promoting national amateur sports competitions. They achieve this by organizing recreational sports teams and activities for their members, thus fostering a competitive spirit among participants. Their mission is to unite individuals across the nation in the enjoyment of sports, providing a platform for camaraderie and friendly competition.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects a focus solely on the organization's accountability and finance, which is a crucial aspect of evaluating nonprofits. The score indicates some strengths but also highlights areas for consideration regarding overall effectiveness and impact.
Elite 3 Sports Ventures demonstrates strong governance with a fully independent board and a favorable liabilities to assets ratio of 5.80%. The organization also excels in accountability measures, including documenting board meeting minutes and showing no material diversions of assets. Additionally, it has a high program expense ratio of 99.89%, suggesting that most of its funds are directed towards its programs.
However, the overall score being a Two-Star rating implies that while financial accountability is commendable, there may be limitations in other areas of performance that could affect its overall effectiveness and impact on the community it serves. Further information on program outcomes and transparency would provide a more complete picture of the organization’s success and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Elite 3 Sports Ventures legitimate?
Elite 3 Sports Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elite 3 Sports Ventures 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: $50,000
For more financial information, click here
What is the mission statement of Elite 3 Sports Ventures?
Elite 3 Sports Ventures, as an organization, is committed to promoting national amateur sports competition. They achieve this by establishing recreational sports teams and organizing related activities for its members, thereby fostering a competitive spirit among participants. By doing so, Elite 3 Sports Ventures contributes to the development of sportsmanship and camaraderie among its members, encouraging a healthy and active lifestyle. The organization's primary objective is to provide an opportunity for individuals to engage in sports at an amateur level, fostering a sense of community and shared interests.
Who is the CEO of Elite 3 Sports Ventures?
Alan Stefek is the Director of Elite 3 Sports Ventures.
What is the revenue of Elite 3 Sports Ventures?
Elite 3 Sports Ventures's revenue in 2022 was $479,175.
Who are the executives of Elite 3 Sports Ventures and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Elite 3 Sports Ventures?
Elite 3 Sports Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elite 3 Sports Ventures
Elite 3 Sports Ventures, an organization dedicated to national amateur sports competition, fulfills its mission by organizing recreational sports teams and activities for its members. The primary goal of this venture is to foster a competitive environment within the realm of amateur sports, promoting camaraderie and sportsmanship among its participants. By organizing various sporting events, Elite 3 Sports Ventures aims to provide an outlet for individuals who share a passion for sports, encouraging them to engage in healthy and enjoyable activities. The organization's mission is to serve as a platform that nurtures talent, fosters teamwork, and promotes a spirit of friendly competition among its members, ultimately contributing to the growth and development of amateur sports in the country.
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Impact
July, 2024
Elite 3 Sports Ventures fosters national amateur sports competition through organizing recreational sports teams and activities for its members in Hutto, TX. Their impact can be seen in the promotion of physical activity, teamwork, and community engagement among participants. Through their efforts, individuals have the opportunity to participate in sports, stay active, and build relationships with others who share similar interests. This not only benefits the individuals involved but also contributes to a more active and connected community.
This information is meant to be a general summary of Elite 3 Sports Ventures. 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.
- Investment Income: $29
- Program Service Revenue: $517,070
- Gross Receipts: $519,126
Assets and Liabilities:
- Total Assets: $108,568
- Total Liabilities: $17,000
- Net Assets: $91,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$517,070
Organization Details
Founding Year
2016
Phone
(512) 680-2134Principal Officer
Alan Stefek
Main Address
207 MORNINGSIDE CIRCLE, HUTTO, TX, 78634
NTEE Category
Code: N63 - Recreation
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