Diamond Sports Foundation
- Assets
- $5.9k
- Revenue
- $177.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Pittsburgh, PA
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-2512885
Organization Overview
Diamond Sports Foundation is located in Pittsburgh, PA. The organization was established in 2016. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Diamond Sports Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Sports Foundation 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 12/2022, Diamond Sports Foundation generated $177.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $196.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.3%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELP STUDENT-ATHLETES DEVELOP AND ADVANCE THROUGH TECHNOLOGY AND EMPOWER OUR YOUTH WITH THE SKILLS AND MINDSET TO CREATE A WINNING FUTURE FOR THEMSELVES. WE SUPPORT BOTH DEVELOPMENT AND SHOWCASE-LEVEL PLAYERS FROM A VARIETY OF SOCIOECONOMIC BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Ogg Director | 5 | $0 | |
Timothy Fitzpatrick Chief Executive Officer | 40 | $92,308 | |
Heather Ogg Treasurer | 10 | $0 | |
Pat Casey Director | 1 | $0 | |
Michele Smith Director | 1 | $0 | |
Tracy Smith Board Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $177,030 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $177,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,308 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,520 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,486 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,900 |
| Printing and publications | $0 |
| Other expenses | $26,038 |
| Total operating and administrative expenses | $161,775 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $196,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,052 |
| Other assets | $500 |
| Total assets | $5,882 |
| 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 |
Grants Awarded
Over the last fiscal year, Diamond Sports Foundation has awarded $34,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA BULLS BASEBALL INC PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $5,000 |
NY NIGHTHAWKS SOFTBALL PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $7,000 |
POWER BASEBALL FOUNDATION INC PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $5,000 |
TEAM ELITE BASEBALL PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $5,000 |
CANES BASEBALL PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $5,000 |
GARCIAPARRA BASEBALL GROUP LLC PURPOSE: TO SUPPORT FUND FOR DEVELOPING STUDENT-ATHLETES. | $5,000 |