Civic Intelligence

Syracuse Nets Ltd.

990 • Fiscal year 2017 • EIN 27-1256146

Jan 01, 2017 to Dec 31, 2017 • 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

94th percentile

0.63x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.06x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Net Margin

27th percentile

-5.1%

Higher net margin than 27% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$8,310

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2017 filings • NTEE N • <$500k nonprofits • Source year 2017

Asset Growth

50th percentile

2.9%

Faster asset growth than 50% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • NTEE N • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$21,480

Up $604 (+2.9%) from 2016

Net Assets

Down

$8,043

Down $11,690 (-59%) from 2016

Liabilities

Up

$13,437

Up $12,294 (+1076%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin27th percentile

Revenue

Down

$227,836

Down $61,867 (-21%) from 2016

Expenses

Down

$239,526

Down $40,012 (-14%) from 2016

Net Income

Down

-$11,690

Down $21,855 (-215%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2017

Assets$21,480
Liabilities$13,437
Net Assets$8,043
Open 2017 Filing

Operations Trend

Revenue Growth16th 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

2017

Revenue$227,836
Expenses$239,526
Net Income-$11,690
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2017
Return Version
2017v2.3
Gross Receipts
$227,836
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$20,876$21,480▲ $604
Total Assets$20,876$21,480▲ $604
Liabilities
Other Liabilities-$11,019-
Accounts Payable and Accrued Expenses-$2,418-
Unsecured Notes Loans Payable$1,143--
Total Liabilities$1,143$13,437▲ $12,294
Net Assets / Fund Balance
Unrestricted Net Assets$19,733$8,043▼ $11,690
Total Net Assets Fund Balance$19,733$8,043▼ $11,690
Total Liabilities and Net Assets / Fund Balance$20,876$21,480▲ $604
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MunsonPresidentPT$8,310$8,310
Deborah LamphearVice Pres/trPT$4,612$4,612
Scott GantosDirectorPT$2,936$2,936
Louis LamphearDirectorPT$2,436$2,436
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,836
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-11,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,487
Salaries, Compensation, and Employee Benefits$42,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,113--$39,113
All Other Expenses$26,783--$26,783
Other Expenses$23,347--$23,347
Fees for Services Accounting$9,143--$9,143
Insurance$8,003--$8,003
Occupancy$2,998--$2,998
Payroll Taxes$2,926--$2,926
Office Expenses$2,682--$2,682
Advertising$1,981--$1,981
Travel$693--$693
Fees for Services Legal$50--$50
Total Functional Expenses$239,526$0$0$239,526
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$10,625
Employee Savings$394
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 Pres/treasurer
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
22

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”

Form 990, Part IX, Line 24E

“Training 10,410 0 0 membership fees 4,682 0 0 trophies 3,955 0 0 supplies 3,671 0 0 bank charges & credit fee 1,915 0 0 scorekeepers 1,415 0 0 payroll service 735 0 0 total 26,783 0 0”

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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/ExplanationTxt5TRAINING 10,410 0 0 MEMBERSHIP FEES 4,682 0 0 TROPHIES 3,955 0 0 SUPPLIES 3,671 0 0 BANK CHARGES & CREDIT FEE 1,915 0 0 SCOREKEEPERS 1,415 0 0 PAYROLL SERVICE 735 0 0 TOTAL 26,783 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0227836
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021480
IRS990/TravelGrp/ProgramServicesAmt0693
IRS990/TravelGrp/TotalAmt0693
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt019733
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08043
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01143
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IRS990/USAddress/CityNm0SYRACUSE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013219
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IRS990/VotingMembersIndependentCnt04
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ReturnHeader/BusinessOfficerGrp/PhoneNum03154686513
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ReturnHeader/Filer/PhoneNum03154686513
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:25:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161174070
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMILLUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013031
ReturnHeader/PreparerPersonGrp/PhoneNum03154880099
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILIP E PELLIZZARI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-11T16:25:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,480
Liabilities
$13,437
Net assets
$8,043
Revenue
$227,836
Expenses
$239,526
Net income
-$11,690
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