Naz Elite Inc
- Assets
- $22.4k
- Revenue
- $813.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2739055
Organization Overview
Naz Elite Inc is located in Flagstaff, AZ. The organization was established in 2015. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naz Elite Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Naz Elite Inc generated $813.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $973.5k during the year ending 12/2021. While expenses have increased by 19.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PROPER TRAINING ENVIRONMENT FOR PROFESSIONAL DISTANCE RUNNERS IN THEIR PURSUIT OF THE OLYMPIC GAMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN ATHLETES FOR THE OLYMPIC GAMES. SERVICES PROVIDED INCLUDE COACHING, HOUSING, PHYSICAL THERAPY, AND TRAVEL/LODGING ACCOMODATIONS FOR COMPETITIONS. STIPENDS ARE AWARDED BASED ON RACE PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Rosario President | OfficerTrustee | 60 | $199,378 |
Peter Abraham Board Member | Trustee | $0 | |
Sean Anthony Board Member | Trustee | $0 | |
Jen Rosario Treasurer/se | Trustee | $0 | |
Walt Taylor Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $910 |
| Total Program Service Revenue | $801,617 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,767 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,475 |
| Advertising and promotion | $8,473 |
| Office expenses | $6,644 |
| Information technology | $1,327 |
| Royalties | $0 |
| Occupancy | $21,980 |
| Travel | $102,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,040 |
| All other expenses | $4,400 |
| Total functional expenses | $973,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,418 |
| Accounts payable and accrued expenses | $74 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,629 |
| Total liabilities | $4,703 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,715 |
| Total liabilities and net assets/fund balances | $22,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Naz Elite Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Houston Marathon Foundation Inc Houston, TX PURPOSE: Support of amateur athletes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Organizing Committee For The Olympic And Paralympic Gam Los Angeles, CA | $21,819,265 | $21,974,824 |
United States Olympic And Paralympic Foundation Colorado Springs, CO | $53,358,562 | $49,946,245 |
United States Anti-Doping Agency Colorado Springs, CO | $14,726,457 | $27,194,020 |
United States Fencing Association Colorado Springs, CO | $3,808,524 | $11,566,627 |
Telluride Foundation Telluride, CO | $17,715,032 | $5,834,891 |
Usa Boxing Inc Colorado Springs, CO | $3,373,235 | $6,094,958 |
Usa Climbing Salt Lake City, UT | $1,081,889 | $3,858,260 |
Usa Cycling Development Foundation Colorado Springs, CO | $3,439,986 | $1,767,971 |
Naz Elite Inc Flagstaff, AZ | $22,418 | $813,294 |
California Rowing Club Oakland, CA | $2,120,229 | $319,693 |
Olympic Valley Freeride And Freestyle Team Olympic Valley, CA | $315,051 | $466,717 |
Usa Hockey Inc Scottsdale, AZ | $564,111 | $348,237 |