New York Yankees Foundation Inc
- Assets
- $662.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 01/1963
- Data as of
- 04/2022
- EIN
- 13-6089577
Organization Overview
New York Yankees Foundation Inc is located in Bronx, NY. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Yankees Foundation Inc 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 04/2022, New York Yankees Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.4m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Yankees Foundation Inc has awarded 552 individual grants totaling $12,144,951. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ASSISTANCE TO SUPPORT NON-FOR-PROFIT ORGANIZATIONS TO THE EXTENT PERMITTED UNDER THE LAWS OF NEW YORK AND APPLICABLE FEDERAL LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW YORK YANKEES ARE COMMITTED TO PROMOTING AND SUSTAININGCORDIAL AND COOPERATIVE RELATIONSHIPS WITH OUR NEIGHBORS ANDCOMMUNITY PARTNERS, WORKING IN CONJUNCTION WITH THEM TO ENHANCETHE QUALITY OF LIFE THROUGHOUT THE SURROUNDING COMMUNITIES. ON AMONTHLY BASIS, THE NEW YORK YANKEES FOUNDATION ALLOCATES GRANTS TOVARIOUS COMMUNITY-BASED ORGANIZATIONS, WHICH PROVIDE POSITIVEEDUCATIONAL, RECREATIONAL, AND SOCIAL OUTLETS.
THE NEW YORK YANKEES FOUNDATION AND MEMORIAL SLOAN-KETTERINGCANCER CENTER PARTNERED TO ESTABLISH THE YANKEES UNIVERSE FUND. APORTION OF THE PROCEEDS GENERATED FROM THE SALE OF YANKEESUNIVERSE MERCHANDISE AND TEAM FAN CLUB PACKAGES ARE DEDICATED TOTHE CANCER CENTER'S PROGRAMS IN PEDIATRIC PATIENT CARE, RESEARCHAND EDUCATION.
ON A CONSISTENT BASIS, THE NEW YORK YANKEES OFFER GUIDED TOURS ATYANKEE STADIUM. TICKETS CAN BE PURCHASED BY THE GENERAL PUBLIC,AND A PORTION OF THE PROCEEDS ARE ALLOCATED TO THE NEW YORKYANKEES FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Steinbrenner Swindal President/ Director | OfficerTrustee | 2 | $0 |
Anthony Bruno Treasurer/director | OfficerTrustee | 0.1 | $0 |
Robert Brown Treasurer/director Through 12/31/21 | OfficerTrustee | 0.1 | $0 |
Harold Z Steinbrenner Director | Trustee | 0.1 | $0 |
Randy Levine Director | Trustee | 0.1 | $0 |
Derrick Baio Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $751,335 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,105,288 |
| Total Program Service Revenue | $201,918 |
| 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 | $6,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,313,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $762,602 |
| Grants and other assistance to domestic individuals. | $70,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $95,000 |
| Fees for services: Investment Management | $5,576 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,385,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $428,912 |
| Pledges and grants receivable | $138,705 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $662,617 |
| Accounts payable and accrued expenses | $84,548 |
| Grants payable | $45,392 |
| Deferred revenue | $33,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $163,540 |
| Net assets without donor restrictions | $499,077 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $662,617 |
Grants Awarded
Over the last fiscal year, New York Yankees Foundation Inc has awarded $526,922 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Troy, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Tampa, FL PURPOSE: GENERAL SUPPORT | $30,922 |
Washington, DC PURPOSE: GENERAL SUPPORT | $25,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York Yankees Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
David W Hearst Jr Foundation San Diego, CA PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |