Diamond Sports Foundation
- Assets
- $25.1k
- Revenue
- $360.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Niantic, CT
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-2512885
Organization Overview
Diamond Sports Foundation is located in Niantic, CT. 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 12/2021, 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 12/2021, Diamond Sports Foundation generated $360.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $403.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING PROGRAM:THE PROGRAM IS FOR THE TRAINING, COACHING AND DEVELOPMENT OF TALENTED STUDENT-ATHLETES IN BASEBALL AND SOFTBALL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Casey Board Member | 1 | $0 | |
Kevin O'sullivan Board Member | 1 | $0 | |
Heather Ogg Treasurer | 5 | $0 | |
Timothy Fitzpatrick Chief Executive Officer | 40 | $0 | |
Tracy Smith Board Chair | 1 | $0 | |
Kaiulani Recchia Chief Of Staff | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $359,987 |
| Interest on Savings | $2 |
| 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 | $359,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $27,000 |
| Pension plans, employee benefits | $236 |
| Interest | $0 |
| Taxes | $3,360 |
| Depreciation | $3,220 |
| Occupancy | $19,038 |
| Travel, conferences, and meetings | $21,105 |
| Printing and publications | $0 |
| Other expenses | $286,319 |
| Total operating and administrative expenses | $388,831 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $403,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,088 |
| 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 | $8,538 |
| Other assets | $500 |
| Total assets | $25,126 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Major League Baseball Youth Foundation New York, NY | $13,010,715 | $5,223,219 |
The Baseball Inc Roxbury, MA | $2,393,613 | $3,601,318 |
South Shore Conference Inc Brockton, MA | $586,896 | $3,264,192 |
Mlb-Mlbpa Youth Development Foundation New York, NY | $18,472,845 | $3,947,682 |
303 Development Foundation Corp Staten Island, NY | $4,791,074 | $2,443,003 |
Cape Cod Baseball League Inc Cotuit, MA | $1,513,304 | $724,156 |
Little League Baseball Inc Melville, NY | $110,455 | $755,010 |
New England Baseball Club Inc Needham, MA | $75,068 | $719,972 |
Westport Baseball & Softball Inc Westport, CT | $1,343,398 | $769,405 |
Little League Baseball Inc Staten Island, NY | $302,109 | $589,081 |
Ct Capitals Baseball Organization Hartford, CT | $255,414 | $570,929 |
Merillon Sports Association Inc New Hyde Park, NY | $248,355 | $534,294 |