PRINCETON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW JERSEY SCHOLARS ELITE, founded in 2019, is a small nonprofit that reported $641K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.
NEW JERSEY SCHOLARS EXISTS TO HELP YOUNG ADULTS AND THEIR FAMILIES PURSUE EXCELLENCE IN ALL FACETS OF THEIR LIVES BY USING COMPETITIVE BASKETBALL AS A PLATFORM. THIS PURSUIT OF EXCELLENCE ENCOMPASSES ACADEMICS, CITIZENSHIP AND SPORTSMANSHIP.
BASKETBALL ACADEMYA YEAR-ROUND, COMPREHENSIVE PROGRAM FOR YOUTH PARTICIPANTS GRADES 4-12. THE PROGRAM FOCUSES NOT ONLY ON BASKETBALL BUT ACADEMIC ACHIEVEMENT AND SUPPORT, CIVIC ENGAGEMENT, FINANCIAL...
BASKETBALL ACADEMYA YEAR-ROUND, COMPREHENSIVE PROGRAM FOR YOUTH PARTICIPANTS GRADES 4-12. THE PROGRAM FOCUSES NOT ONLY ON BASKETBALL BUT ACADEMIC ACHIEVEMENT AND SUPPORT, CIVIC ENGAGEMENT, FINANCIAL LITERACY AND EMOTIONAL HEALTH PROGRAMS TO HELP PREPARE THEM TO SUCCEED AND GROW TO MEET THEIR TRUE AND DESIRED POTENTIAL. THE NEW JERSEY SCHOLARS REPRESENT A VERY UNIQUE OPPORTUNITY TO TAP INTO YOUTH BASKETBALL AT THE HIGHEST AND MOST VISIBLE LEVEL POSSIBLE WITHIN NEW JERSEY AND BEYOND. OUR TEAMS CURRENTLY REPRESENT FIVE DIFFERENT AGE GROUPS AND WILL PLAY IN AN AGGREGATE OF MORE THAN 400 GAMES IN ROUGHLY 40 DIFFERENT VENUES ACROSS A DOZEN STATES. OUR AFFILIATION WITH NIKE SIGNIFICANTLY EXPANDS OUR BRAND AND CREATES VALUE FOR OUR SPONSORS.NIKE INVITED THE NJ SCHOLARS ACADEMY INTO ITS HIGHLY PRESTIGIOUS NIKE ELITE BASKETBALL LEAGUE (EYBL). IT IS THE MOST HIGHLY REGARDED AMATEUR DEVELOPMENT, TRAINING AND EXPOSURE PROGRAM OR "CIRCUIT" IN THE UNITED STATES. FOR EXAMPLE, IN THE 2018 NBA DRAFT, 12 OF THE TOP 14 NBA DRAFT CHOICES WERE NIKE EYBL ALUMNI. OUT OF THE TOP 100 RANKED AMATUER BASKETBALL PLAYERS IN THE COUNTRY, APPROXIMATELY 80 OF THOSE PLAYERS WILL PARTICIPATE IN THE EYBL. ALMOST ALL PLAYERS IN THE EYBL EVENTUALLY COMPETE AS NCAA DIVISION I ATHLETES. THE NIKE EYBL ONLY ALLOWS 35 ELITE BASKETBALL TEAMS IN THE COUNTRY TO PARTICIPATE IN THEIR LEAGUE AND OCCASIONALLY PERMITS NEW TEAMS EVERY FEW YEARS. WE ARE PROUD OF THIS RECOGNITION AND WILL USE IT TO EXPAND OUR EFFORTS TO DEVELOP LOCAL YOUTH AND SUPPORT, ENHANCE, ENLIGHTEN AND EMPOWER THE UNDERLYING COMMUNITIES THAT WE SERVE. THE NIKE AFFILIATION, ALONG WITH OUR EXTENSIVE TRACK RECORD, WILL ALLOW US TO BETTER ATTRACT AND ENGAGE PARTICIPANTS IN OUR PROGRAM.
MIDDLE SCHOOL BASKETBALL LEAGUERISING SCHOLARS IS A COMMUNITY BASED PROGRAM THAT CONNECTS MIDDLE SCHOOL BOYS AND GIRLS WITH MENTORS THROUGH BASKETBALL. THE FOCUS OF THE PROGRAM IS TO PROMOTE FITNESS...
MIDDLE SCHOOL BASKETBALL LEAGUERISING SCHOLARS IS A COMMUNITY BASED PROGRAM THAT CONNECTS MIDDLE SCHOOL BOYS AND GIRLS WITH MENTORS THROUGH BASKETBALL. THE FOCUS OF THE PROGRAM IS TO PROMOTE FITNESS, NUTRITION, TEAMWORK, EDUCATION, CONFIDENCE AND MENTAL HEALTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $640,915 | $751,000 | -0.1% |
| Expenses | $669,488 | $738,599 | -0.1% |
| Net Income | $-28,573 | $12,401 | -3.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES RUNCIE | CHAIRPERSON | 3.00 |
Director
|
$0 | $0 | $0 |
| TODD PERRY | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN MIRENDA | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN MARTINI | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| MARC MORIAL | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS FELMLEE | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $640,915 | $669,488 | $15,821 | $-28,573 |
| 2022 | $751,000 | $738,599 | $44,394 | $12,401 |
| 2021 | $394,357 | $463,899 | $31,993 | $-69,542 |
| 2020 | $221,957 | $120,422 | $101,535 | $101,535 |
Compare NEW JERSEY SCHOLARS ELITE with other nonprofits in New Jersey and across the country.