Palisades Elite

Organization Overview

Palisades Elite is located in Stony Point, NY. The organization was established in 2016. According to its NTEE Classification (N62) the organization is classified as: Basketball, 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. Palisades Elite 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 12/2022, Palisades Elite generated $319.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $308.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE GOAL OF PALISADES ELITE IS TO DEVELOP EACH ATHLETES BASKETBALL ABILITIES AND COURT SENSE AS WELL AS THEIR COGNITIVE ABILITIES. WE HAVE BUILT A BRAND ON THAT SUCCESS. PALISADES ELITE PLAYERS ARE STUDENT ATHLETES, MAKING AN IMPACT ON AND OFF THE COURT. PALISADES ELITE COACHES WORK WITH BOTH INDIVIDUALS AND THE TEAM TO SET AND MEET PERSONAL AND COLLECTIVE GOALS. ALONGSIDE EXCELLENT COACHING, WE STRIVE TO INSTILL CONFIDENCE AND A STRONG WORK ETHIC THROUGH POSITIVE REINFORCEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PALISADES ELITE IS CURRENTLY A CORPORATION, AND FILING A 503C FOR THE STATUS OF BEING NON-PROFIT. THIS STATUS WILL ALLOW US TO USE FUNDING SOURCES TO SERVE CHILDREN IN OUR COMMUNITY WHO MAY NEED FINANCIAL ASSISTANCE. THROUGH GRANTS AND DONATIONS, WE WILL HIRE TUTORS WHO WILL BE ASSIGNED TO TEAMS TO ASSIST WITH HOMEWORK,PREPARE FOR TESTS, AND CHECK GRADES.


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
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 $0
Miscellaneous Revenue$0
Total Revenue $319,459

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Palisades Elite has recieved totaling $8,865.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$8,865
View Grant Recipient Profile

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