Civic Intelligence

Syracuse Nets Ltd.

990 • Fiscal year 2016 • EIN 27-1256146

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

Organization ProfileWWW.SYRACUSENETS.COM
4914 West Genesee StCamillus, NY 13031

(315) 468-6513

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.05x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.00x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Net Margin

53rd percentile

3.5%

Higher net margin than 53% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$14,205

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Asset Growth

87th percentile

50%

Faster asset growth than 87% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-9.0%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$20,876

Up $6,981 (+50%) from 2015

Net Assets

Up

$19,733

Up $10,165 (+106%) from 2015

Liabilities

Down

$1,143

Down $3,184 (-74%) from 2015

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin53rd percentile

Revenue

Down

$289,703

Down $28,641 (-9.0%) from 2015

Expenses

Down

$279,538

Down $38,262 (-12%) from 2015

Net Income

Up

$10,165

Up $9,621 (+1769%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$20K$0-$20KAssets 2011: $3,991Liabilities 2011: $21,500Net Assets 2011: -$17,5092011Assets 2012: $10,008Liabilities 2012: $22,494Net Assets 2012: -$12,4862012Assets 2013: $17,359Liabilities 2013: $12,443Net Assets 2013: $4,9162013Assets 2014: $16,947Liabilities 2014: $7,923Net Assets 2014: $9,0242014Assets 2015: $13,895Liabilities 2015: $4,327Net Assets 2015: $9,5682015Assets 2016: $20,876Liabilities 2016: $1,143Net Assets 2016: $19,7332016Assets 2017: $21,480Liabilities 2017: $13,437Net Assets 2017: $8,0432017Assets 2018: $17,381Liabilities 2018: $9,418Net Assets 2018: $7,9632018Assets 2019: $18,096Liabilities 2019: $5,304Net Assets 2019: $12,7922019Assets 2020: $9,233Liabilities 2020: $395Net Assets 2020: $8,8382020Assets 2021: $9,923Liabilities 2021: $11,317Net Assets 2021: -$1,3942021Assets 2022: $5,526Liabilities 2022: $395Net Assets 2022: $5,1312022Assets 2023: $587Liabilities 2023: $0Net Assets 2023: $5872023Assets 2024: $33,840Net Assets 2024: $33,8402024

Highlighted filing

2016

Assets$20,876
Liabilities$1,143
Net Assets$19,733
Open 2016 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2011: $251,2742011Expenses 2012: $330,7282012Revenue 2013: $380,078Expenses 2013: $362,674Net Income 2013: $17,4042013Revenue 2014: $374,530Expenses 2014: $370,422Net Income 2014: $4,1082014Revenue 2015: $318,344Expenses 2015: $317,800Net Income 2015: $5442015Revenue 2016: $289,703Expenses 2016: $279,538Net Income 2016: $10,1652016Revenue 2017: $227,836Expenses 2017: $239,526Net Income 2017: -$11,6902017Revenue 2018: $96,423Expenses 2018: $96,503Net Income 2018: -$802018Revenue 2019: $77,417Expenses 2019: $72,588Net Income 2019: $4,8292019Revenue 2020: $0Expenses 2020: $3,559Net Income 2020: -$3,5592020Revenue 2021: $18Expenses 2021: $10,250Net Income 2021: -$10,2322021Revenue 2022: $10,923Expenses 2022: $5,972Net Income 2022: $4,9512022Revenue 2023: $1Expenses 2023: $4,545Net Income 2023: -$4,5442023Revenue 2024: $88,819Expenses 2024: $72,320Net Income 2024: $16,4992024

Highlighted filing

2016

Revenue$289,703
Expenses$279,538
Net Income$10,165
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$289,703
Mission and Program Overview

Mission

The syracuse nets aau basketball club provides student athletes with advanced opportunities to develop their basketball skills while competing at high levels locally, regionally, and nationally. Our mission is to prepare and promote athletes for success both on and off the court, with a strong emphasis on college recruitment and exposure. The program supports academic accountability, leadership, and character development, helping young people reach their full potential. As one of the premier youth basketball programs in central new york, the syracuse nets play a vital role in strengthening our community by offering positive, structured opportunities that inspire excellence and create pathways to higher education. We are also proud to offer financial aid to student-athletes who need support, ensuring that cost is never a barrier to participation.

The purpose of the organization is to create and foster an environment which provides opportunities for all student-athletes to enrich their basketball experience through participation on athletic teams which are competitive at the local and national level. It allows the youth in our community to participate in an organixed and competitive basketball program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,895$20,876▲ $6,981
Total Assets$13,895$20,876▲ $6,981
Liabilities
Unsecured Notes Loans Payable$4,143$1,143▼ $3,000
Accounts Payable and Accrued Expenses$184--
Total Liabilities$4,327$1,143▼ $3,184
Net Assets / Fund Balance
Unrestricted Net Assets$9,568$19,733▲ $10,165
Total Net Assets Fund Balance$9,568$19,733▲ $10,165
Total Liabilities and Net Assets / Fund Balance$13,895$20,876▲ $6,981
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MunsonPresidentPT$14,205$14,205
Deborah LamphearVice PresidePT$8,707$8,707

Board Members and Trustees

NameTitle
Louis LamphearDirector
Scott GantosDirector
Elizabeth LordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$289,703
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,346
Salaries, Compensation, and Employee Benefits$56,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,049--$28,049
All Other Expenses$24,912--$24,912
Current Officers, Directors, Trustees, and Key Employees$14,205$8,707-$22,912
Other Expenses$22,686--$22,686
Fees for Services Accounting$10,330--$10,330
Insurance$8,770--$8,770
Office Expenses$7,773--$7,773
Payroll Taxes$5,231--$5,231
Occupancy$3,074--$3,074
Travel$1,646--$1,646
Advertising$770--$770
Fees for Services Legal$50--$50
Total Functional Expenses$270,831$8,707$0$279,538
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization is organized with stockholders”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed with the board prior to filing and any questions are answered.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Syracuse Nets Ltd
EIN
27-1256146
Phone
3154686513
Address
4914 WEST GENESEE ST, CAMILLUS, NY 13031

Signing Officer

Name
Deborah Lamphear
Title
Vice President
Phone
3154686513
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Lamphear
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
32

Preparer

Firm
Philip E Pellizzari CPA
Address
4914 WEST GENESEE ST, CAMILLUS, NY 13031
Preparer
Philip E Pellizzari
Phone
3154880099
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose of the organization is to create and foster an environment which provides opportunities for all student-athletes to enrich their basketball experience through participation on athletic teams which are competitive at the local and national level. It allows the youth in our community to participate in an organixed and competitive basketball program.”

Form 990, Page 2, Part III, Line 4D

“BASKETBALL PROGRAMS”

Raw XML Appendix308 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ORGANIZATION IS TO CREATE AND FOSTER AN ENVIRONMENT WHICH PROVIDES OPPORTUNITIES FOR ALL STUDENT-ATHLETES TO ENRICH THEIR BASKETBALL EXPERIENCE THROUGH PARTICIPATION ON ATHLETIC TEAMS WHICH ARE COMPETITIVE AT THE LOCAL AND NATIONAL LEVEL. IT ALLOWS THE YOUTH IN OUR COMMUNITY TO PARTICIPATE IN AN ORGANIXED AND COMPETITIVE BASKETBALL PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BASKETBALL PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS ORGANIZED WITH STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED WITH THE BOARD PRIOR TO FILING AND ANY QUESTIONS ARE ANSWERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09568
IRS990/UnrestrictedNetAssetsGrp/EOYAmt019733
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt04143
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01143
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 DUCHESS LANE
IRS990/USAddress/CityNm0SYRACUSE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013219
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SYRACUSENETS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH LAMPHEAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03154686513
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYRACUSE NETS LTD
ReturnHeader/Filer/BusinessNameControlTxt0SYRA
ReturnHeader/Filer/EIN0271256146
ReturnHeader/Filer/PhoneNum03154686513
ReturnHeader/Filer/USAddress/AddressLine1Txt04914 WEST GENESEE ST
ReturnHeader/Filer/USAddress/CityNm0CAMILLUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013031
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EC3CFB9FF873EC89FAAF1F420748751FA338FCC8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0809B6D88A1FA15D5C95C60BC66B77CE8A0606362
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161174070
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PHILIP E PELLIZZARI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04914 WEST GENESEE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMILLUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013031
ReturnHeader/PreparerPersonGrp/PhoneNum03154880099
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILIP E PELLIZZARI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-13T17:48:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,876
Liabilities
$1,143
Net assets
$19,733
Revenue
$289,703
Expenses
$279,538
Net income
$10,165
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.34$0.89$0.72$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.05$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.05$0.11$0.06$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.11$0.01$0.00$0.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.00$0.04$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.05$0.13$0.77$0.73$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.09$0.08$0.96$0.97$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.13$0.08$2.28$2.40$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$2.90$2.80$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.04$0.10$3.18$3.18$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.08$0.09$3.75$3.70$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.17$0.12$0.05$3.80$3.63$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.22$0.12$3.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.22$0.18$2.51