303 Development Foundation Corp
- Assets
- $4.8m
- Revenue
- $1.1m
- Investments
- $4.5m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 68-0655381
Organization Overview
303 Development Foundation Corp is located in Staten Island, NY. The organization was established in 2007. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, 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. 303 Development Foundation Corp 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 12/2023, 303 Development Foundation Corp generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF THE GAME OF BASEBALL FOR THE CHILDREN OF EAST AFRICA. THIS IS DONE BY SUPPORTING THE UGANDA LITTLE LEAGUE BASEBALL IN UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Copeland Vice President | 1 | $0 | |
Suzanne Fernandez Secretary | 0.25 | $0 | |
Barbara Salerno Treasurer | 0.25 | $0 | |
Richard Stanley President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $810,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $248,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,981 |
| Total Revenue | $1,100,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,175 |
| Total operating and administrative expenses | $97,007 |
| Contributions, gifts, grants paid | $1,580,331 |
| Total expenses and disbursements | $1,677,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,883 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $300,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,809,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |