Euskaltel-Euskadi
Normally I would consider any sort of organization that only permits people from a certain ethnic background to be elitist at best. However I make an exception for the Euskaltel-Euskadi cycling team.
For those of you who do not know, Euskaltel-Euskadi is a UCI ProTour cycling team from the Basque region of Spain. Their "A" level sponsors are a Basque telephone company (Euskaltel) and the Basque government (Euskadi).

So why do I like this? Why do I make them the exception to the rule? I do so because I respect what they are doing for cycling in Spain. As far as I can tell they're not attempting to be racist in how they operate. For one, they are not declaring that they are supreme because they are Spanish, instead their mission is to improve cycling in Spain.
I also like they support more than just cyclists from their country/region, they also support and publicize business that relate to cycling from their area. They ride Orbea bikes, made in the Basque Country, wear Etxe-Ondo apparel also from the Basque region and wear Catlike helmets from Yelca.
Above all, though, is their dedication to training young riders from Spain (mainly Basque Country) in order to improve the general quality of cycling in Spain. There are other teams that do this: Garmin-Transitions has a u23 team called Team Holowesko Partners and Radio Shack has one called Trek-LIVESTRONG. However Euskaltel-Euskadi is specifically for Spanish riders and only for Spanish riders. It amazes me the level of commitment they have. Even beyond the crazy fans:

The region's government sees it worth while to support this team. This is a breath of fresh air in a time where public organizations seem to become more and more indifferent about supporting endurance sports and investing in their own future.