Major League Baseball Youth Foundation
- Assets
- $13.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 33
- Location
- New York, NY
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 94-3398566
Organization Overview
Major League Baseball Youth Foundation is located in New York, NY. The organization was established in 2001. 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, Major League Baseball Youth Foundation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Major League Baseball Youth 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, Major League Baseball Youth Foundation generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Major League Baseball Youth Foundation has awarded 109 individual grants totaling $13,628,083. 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
THE ORGANIZATION PROVIDES RECREATIONAL & EDUCATIONAL OPPORTUNITIES FOR URBAN, MINORITY, AND AT-RISK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RECREATIONAL AND EDUCATIONAL OPPORTUNITIES FOR URBAN, MINORITY AND AT-RISK YOUTH. THE LARGEST PROGRAM EXPENSE IS THE COST OF RUNNING YEAR-ROUND BASEBALL AND SOFTBALL PROGRAMS AND EDUCATIONAL WORKSHOPS, LOCAL AND TRAVEL TOURNAMENT EXPENSES AS WELL AS GRANTS TO OTHER NON-PROFIT ORGANIZATIONS THAT FURTHER THE URBAN YOUTH FOUNDATION'S GAME DEVELOPMENT AND EDUCATION GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/vp/director | OfficerTrustee | 1 | $0 |
Name Not Listed President/director | OfficerTrustee | 40 | $426,763 |
Name Not Listed Treasurer/director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst Young Us Llp Auditing/tax Svcs | 12/30/14 | $105,900 |
Mounds More Field Maintenance | 12/30/14 | $250,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,278 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,966,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,042,445 |
| Total Program Service Revenue | $5,800 |
| 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 | -$54,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,222,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $653,487 |
| Grants and other assistance to domestic individuals. | $251,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $574,564 |
| Compensation of current officers, directors, key employees. | $574,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,097,602 |
| Pension plan accruals and contributions | $187,948 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $472 |
| Fees for services: Accounting | $38,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,673 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $441,711 |
| Travel | $1,481,962 |
| 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 | $758,516 |
| Insurance | $32,431 |
| All other expenses | $0 |
| Total functional expenses | $6,854,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,674 |
| 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 |
| Net Land, buildings, and equipment | $3,806,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,959,749 |
| Total assets | $13,167,746 |
| Accounts payable and accrued expenses | $515,061 |
| 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 | $555,604 |
| Total liabilities | $1,070,665 |
| Net assets without donor restrictions | $12,097,081 |
| 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 | $13,167,746 |
Grants Awarded
Over the last fiscal year, Major League Baseball Youth Foundation has awarded $643,487 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SPORTS INC PURPOSE: general support | $75,000 |
PITCH IN FOR BASEBALL PURPOSE: General support | $183,671 |
NATURAL HERITAGE TRUST PURPOSE: General Support | $24,816 |
DREAM PURPOSE: General Support | $350,000 |
THE ASTROS FOUNDATION PURPOSE: general support | $10,000 |