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Vegas Elite Basketball Club

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

EIN: 870814370 ✦ Las vegas, NV ✦ Designated as a 501(c)(3)

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Overview

What is Vegas Elite Basketball Club?

The Vegas Elite Basketball Club, located at 12029 Abbraccia Ave, Las Vegas, Nevada 89138, is a nonprofit organization with a primary focus on educating children in the art of basketball and fostering team spirit. Their mission extends beyond the court, aiming to keep children engaged and away from idleness. The club provides a welcoming environment where children can learn the fundamentals of the game, enhancing their skills and teamwork abilities.


Official website here: www.vegaselite.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 52%

Vegas Elite Basketball Club has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 52% overall, reflecting a lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies. Furthermore, the absence of financial statements on their website raises transparency issues.

Despite these governance shortcomings, the club demonstrates a strong commitment to its programs, with an impressive program expense ratio of 88.71%. This suggests that a large majority of its funding is directed towards its basketball initiatives, which is a positive aspect for potential donors who prioritize program effectiveness. However, the lack of independent oversight could lead to questions about long-term sustainability and operational integrity.

Overall, while Vegas Elite Basketball Club shows dedication to its mission through its programming, significant improvements are needed in its governance structures and financial transparency to enhance stakeholder confidence. Prospective donors should weigh these factors carefully before contributing.


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

Is Vegas Elite Basketball Club legitimate?

Vegas Elite Basketball Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vegas Elite Basketball Club 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: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vegaselite.org

What is the mission statement of Vegas Elite Basketball Club?

The Vegas Elite Basketball Club's mission is centered around keeping children engaged and fostering personal development. Its primary objective is to introduce children to the sport of basketball and the concept of playing as a team. In a broader sense, the club aims to divert children away from idleness by providing them with a structured and team-oriented activity. The club's mission is aligned with teaching basketball skills, promoting teamwork, and potentially offering children an alternative to unproductive leisure time.


Official website here: www.vegaselite.org

Who is the CEO of Vegas Elite Basketball Club?

Unavailable


Official website here: www.vegaselite.org

What is the revenue of Vegas Elite Basketball Club?

Vegas Elite Basketball Club's revenue in 2022 was $831,654.


Official website here: www.vegaselite.org

Who are the executives of Vegas Elite Basketball Club and what are their salaries?


There is 1 key member and their salary:


Brian Sitter (Executive Direc)
  • Compensation: $48,000
  • Related: $0
  • Other: $0


Official website here: www.vegaselite.org

Where can I find the form 990 for Vegas Elite Basketball Club?

Vegas Elite Basketball Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vegaselite.org

Learn more at the official website: www.vegaselite.org

Mission Statement of Vegas Elite Basketball Club

Vegas Elite Basketball Club, a nonprofit organization, is committed to a twofold mission. Firstly, it seeks to instill the sport of basketball in children, providing them with an opportunity to engage in team sports. Secondly, the club aims to keep children away from the streets, offering them a positive outlet for their energy and time. By teaching basketball and teamwork, Vegas Elite Basketball Club strives to contribute positively to the lives of young individuals, fostering their growth and development in a safe and supportive environment.

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Impact




July, 2024

Vegas Elite Basketball Club has a significant impact on the community by providing children in Las Vegas with the opportunity to learn and play the sport of basketball. By engaging youth in team sports, the club contributes to getting children off the streets and fostering important life skills such as teamwork, discipline, and healthy competition. Through its mission of teaching basketball and promoting recreational activities, Vegas Elite Basketball Club positively influences the lives of young individuals in the community.




This information is meant to be a general summary of Vegas Elite Basketball Club. 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
$831,654 (2022)
Expenses
$766,920 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $831,654

Assets and Liabilities:

  • Total Assets: $182,200
  • Total Liabilities: $0
  • Net Assets: $182,200

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Organization Details

Founding Year

2009

Main Address

12029 ABBRACCI AVE, LAS VEGAS, NV, 89138

NTEE Category

Code: N62 - Recreation

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