Overview
What is New Jersey Scholars Elite?
New Jersey Scholars Elite is a nonprofit organization situated in Princeton, New Jersey, predominantly focusing on youth basketball participants between grades 4 and 12. Their comprehensive program extends beyond just basketball, encompassing academic achievement, support, civic engagement, financial literacy, and emotional health programs. The aim is to prepare these young individuals to thrive and reach their full potential. With a strong presence in New Jersey and beyond, they participate in over 400 games annually across various states. Their affiliation with Nike, particularly the Nike Elite Basketball League (EYBL), significantly elevates their brand and provides valuable opportunities for their sponsors. The EYBL, a renowned amateur development, training, and exposure program, has a history of nurturing top NBA draft picks and NCAA Division I athletes. New Jersey Scholars Elite proudly leverages this recognition to further support and empower the communities they serve.
Official website here: www.scholarsbasketball.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
New Jersey Scholars Elite has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. This rating is primarily based on the organization's performance in Accountability & Finance, which received a perfect score for several metrics such as independent board members and a conflict of interest policy. The high program expense ratio of 92.28% indicates a strong focus on its mission-driven activities.
The organization demonstrates commendable governance, with a fully independent board and comprehensive policies in place for whistleblowing and conflict of interest. Additionally, there are no reported material diversions of assets, which further underscores its financial integrity. The transparency in documenting board meeting minutes also contributes positively to its accountability measures.
While the rating showcases New Jersey Scholars Elite's strengths in governance and finance, the overall rating is solely derived from the Accountability & Finance category. There may be opportunities for the organization to enhance its impact ratings or other performance metrics, but its current standing reflects a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is New Jersey Scholars Elite legitimate?
New Jersey Scholars Elite is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey Scholars Elite 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scholarsbasketball.org
What is the mission statement of New Jersey Scholars Elite?
New Jersey Scholars Elite's mission is centered around helping young adults and their families achieve excellence in various aspects of their lives. They accomplish this by utilizing competitive basketball as a platform. This pursuit of excellence encompasses academic achievement, citizenship, and sportsmanship. The organization offers a year-round, comprehensive basketball program for youth participants from grades 4 to 12, focusing not only on basketball skills but also on academic support, civic engagement, financial literacy, and emotional health programs. The goal is to prepare these individuals to succeed and grow, meeting their true potential. New Jersey Scholars is part of Nike's Elite Basketball League (EYBL), which is highly regarded for developing, training, and exposing top amateur basketball players. This affiliation provides an opportunity to attract and engage participants in their program and contribute to the communities they serve.
Official website here: www.scholarsbasketball.org
Who is the CEO of New Jersey Scholars Elite?
Martin Whitfield is the Chairperson of New Jersey Scholars Elite.
Official website here: www.scholarsbasketball.org
What is the revenue of New Jersey Scholars Elite?
New Jersey Scholars Elite's revenue in 2022 was $751,000.
Official website here: www.scholarsbasketball.org
Who are the executives of New Jersey Scholars Elite and what are their salaries?
There 6 volunteers at New Jersey Scholars Elite.
Here are 6 key members and their salaries:
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Official website here: www.scholarsbasketball.org
Where can I find the form 990 for New Jersey Scholars Elite?
New Jersey Scholars Elite's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarsbasketball.org
Learn more at the official website: www.scholarsbasketball.org
Mission Statement of New Jersey Scholars Elite
New Jersey Scholars Elite, a renowned organization, is committed to helping young adults and their families pursue excellence in all aspects of their lives. They achieve this goal by utilizing competitive basketball as a platform. This pursuit of excellence encompasses not only academic achievement and support, but also civic engagement, financial literacy, and emotional health programs. The organization's comprehensive basketball academy, catering to youth participants in grades 4-12, goes beyond just basketball, focusing on preparing them to succeed and grow to meet their true potential.
New Jersey Scholars Elite offers a unique opportunity for youth basketball enthusiasts, extending beyond the state of New Jersey. Their teams currently represent five different age groups and participate in over 400 games across roughly 40 different venues in a dozen states. This extensive exposure not only benefits the participants but also provides value to their sponsors. The organization's affiliation with Nike significantly expands their brand, and their inclusion in Nike's prestigious Elite Basketball League (EYBL) further enhances their reputation. This recognition allows New Jersey Scholars Elite to expand their efforts in developing local youth and supporting the communities they serve. The Nike affiliation, coupled with their extensive track record, aids in attracting and engaging participants in their program.
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Impact
July, 2024
New Jersey Scholars Elite's impact is significant in empowering young adults and their families to pursue excellence in academics, citizenship, and sportsmanship. Through their comprehensive basketball academy, they not only focus on developing basketball skills but also emphasize academic achievement, civic engagement, financial literacy, and emotional health programs. By being affiliated with Nike's Elite Basketball League, they provide a unique opportunity for youth participants to compete at the highest level, gaining exposure and recognition. This affiliation demonstrates their commitment to developing local youth and supporting communities, making a positive impact on the lives they touch.
This information is meant to be a general summary of New Jersey Scholars Elite. 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.
- Gross Receipts: $751,000
Assets and Liabilities:
- Total Assets: $44,394
- Total Liabilities: $0
- Net Assets: $44,394
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Organization Details
Founding Year
2019
Phone
(973) 547-8600Principal Officer
Martin Whitfield
Main Address
182 NASSAU ST 201, PRINCETON, NJ, 08542
Website
www.scholarsbasketball.orgNTEE Category
Code: N60 - Recreation
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