New York Mets Foundation Inc
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 08/1964
- Data as of
- 10/2020
- EIN
- 13-6159029
Organization Overview
New York Mets Foundation Inc is located in Flushing, NY. The organization was established in 1964. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Mets 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 10/2020, New York Mets Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.7m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Mets Foundation Inc has awarded 250 individual grants totaling $6,788,474. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW YORK METS FOUNDATION FUNDS AND PROMOTES A VARIETY OF EDUCATIONAL, SOCIAL AND ATHLETIC PROGRAMS AND OTHER CHARITABLE CAUSES THAT BENEFIT CHILDREN AND OTHERS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND CAUSES INCLUDING COMMUNITY ORGANIZATIONS, SCHOLARSHIP FUNDS, PUBLIC PARKS IMPROVEMENT PROJECTS, VARIOUS SOCIAL SERVICE ORGANIZATIONS AND OTHER ORGANIZED CHARITIES THAT BENEFIT THE COMMUNITY AS A WHOLE.
SUPPORT FOR SUBURBAN, SANDLOT, PAL & ROOKIE LEAGUES ENCOURAGE INVOLVEMENT IN AMATEUR ATHLETICS AND BASEBALL BY SUPPLYING ATHLETIC EQUIPMENT AND CONTRIBUTING FINANCIAL SUPPORT TO LITTLE LEAGUES, BASEBALL AND OTHER SPORTS RELATED ORGANIZATIONS, CAUSES AND SIMILAR GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Wilpon Trustee/exec VP | OfficerTrustee | 2 | $0 |
David Cohen Secretary | Officer | 2 | $0 |
Mark Peskin Treasurer | Officer | 2 | $0 |
Fred Wilpon Trustee | Trustee | 2 | $0 |
Saul Katz Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,306,699 |
| Investment income | $11,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,313,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $303,112 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,746,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,242,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,242,253 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,242,253 |
Grants Awarded
Over the last fiscal year, New York Mets Foundation Inc has awarded $2,215,995 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Community Support | $150,000 |
Westbury, NY PURPOSE: Community Support | $150,000 |
New York, NY PURPOSE: Community Support | $150,000 |
Harleysville, PA PURPOSE: Supporting Amateur / Youth Athletics | $146,163 |
MTA - NYC TRANSIT PURPOSE: Community Support | $118,750 |
NYS PURPOSE: Community Support | $118,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New York Mets Foundation Inc has recieved totaling $162,344.
| Awarding Organization | Amount |
|---|---|
Pitch In For Baseball Harleysville, PA PURPOSE: PROGRAM EXPANSION AND FUNDED PROGRAM | $73,672 |
Pitch In For Baseball Harleysville, PA PURPOSE: PROGRAM EXPANSION AND FUNDED PROGRAM | $73,672 |
Major League Baseball Charities Inc New York, NY PURPOSE: GENERAL PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Lacrosse League Inc Philadelphia, PA | $5,401,015 | $9,351,322 |
New York Mets Foundation Inc Flushing, NY | $3,242,253 | $1,313,694 |
International Boxing Federation Inc Springfield, NJ | $5,145,772 | $1,464,151 |
Flyers Voorhees Youth Hockey Club Inc Sicklerville, NJ | $329,831 | $561,649 |
Atlantic East Conference Association Lancaster, PA | $94,546 | $259,274 |
Little League Baseball Inc Brick, NJ | $105,285 | $277,227 |
National Intercollegiate Lacrosse Officials Assn Inc Topsfield, MA | $60,601 | $0 |
Community For Pittsburgh Ultimate Pittsburgh, PA | $87,416 | $103,223 |
Kennett Community Wrestling Club Kennett Square, PA | $17,725 | $0 |
Pop Warner Little Scholars Inc New Fairfield, CT | $15,042 | $0 |
Freeport Area Soccer Association Sarver, PA | $17,856 | $0 |
Colchester Youth Basketball League Inc Colchester, CT | $41,549 | $0 |