Major League Baseball Charities Inc
- Assets
- $3.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 13-3348589
Organization Overview
Major League Baseball Charities Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Major League Baseball Charities 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 12/2022, Major League Baseball Charities Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Major League Baseball Charities Inc has awarded 825 individual grants totaling $60,623,090. 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
TO CONDUCT ACTIVITIES THAT FOSTER PARTICIPATION AND INTEREST IN NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAJOR LEAGUE BASEBALL CHARITIES INC. PROVIDES GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT A VARIETY OF EDUCATIONAL, HEALTH, & RECREATIONAL CAUSES. MAJOR LEAGUE BASEBALL CHARITIES PROVIDES ASSISTANCE TO FUND YOUTH GAME DEVELOPMENT PROGRAMS, SUCH AS THE RBI PROGRAM. THE RBI PROGRAM IS A YOUTH DEVELOPMENT PROGRAM TARGETED AT INNER-CITY, URBAN, AND AT-RISK YOUTH. MAJOR LEAGUE BASEBALL CHARITIES ALSO PROVIDES SCHOLARSHIP GRANTS TO INNER CITY, URBAN, AND AT-RISK YOUTHS. MLB CHARITIES INC. MAKES GRANTS AND PROVIDES ASSISTANCE TO NATIONAL, REGIONAL AND LOCAL AMATEUR SPORTS ORGANIZATIONS THAT ENCOURAGE AND DEVELOP AMATEUR ATHLETES FOR NATIONAL OR INTERNATIONAL COMPETITION IN AMATEUR BASEBALL AND OR AMATEUR SPORTS. MLB CHARITIES INC. MAKES GRANTS AND PROVIDES ASSISTANCE TO MUNICIPALITIES TO CONSTRUCT, MAINTAIN, AND PROMOTE PUBLIC PARKS THAT SPONSOR AND ENCOURAGE LOCAL COMMUNITIES TO ENGAGE IN AMATEUR BASEBALL AND OTHER AMATEUR SPORTS. MLB CHARITIES INC. ORGANIZES, SUPPORTS, AND ENCOURAGES THE DEVELOPMENT OF AMATEUR ATHLETES FOR LOCAL, NATIONAL OR INTERNATIONAL COMPETITION BY MEANS OF DIRECT GRANTS AND OTHER DIRECT PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President - Term Beg 4/2022 | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President - Term End 4/2022 | OfficerTrustee | 5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 3 | $0 |
Name Not Listed Board Member - Term End 4/2022 | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,946,226 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,843,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,789,299 |
| Total Program Service Revenue | $0 |
| Investment income | $348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,790,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,439,852 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $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 | $10,304 |
| Fees for services: Accounting | $42,247 |
| 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 | $25,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,696 |
| 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 | $8,577,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,964,160 |
| Savings and temporary cash investments | $36,894 |
| Pledges and grants receivable | $99,062 |
| Accounts receivable, net | $728,528 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,828,644 |
| Accounts payable and accrued expenses | $53,629 |
| Grants payable | $1,100,912 |
| 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 | $1,154,541 |
| Net assets without donor restrictions | $2,674,103 |
| 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 | $3,828,644 |
Grants Awarded
Over the last fiscal year, Major League Baseball Charities Inc has awarded $8,370,765 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
42 ANALYTICS EDUCATIONAL PURPOSE: General Operating Support | $30,000 |
AARON JUDGE ALL RISE FOUNDATION PURPOSE: General Operating Support | $25,000 |
ALL SECURE FOUNDATION PURPOSE: General Operating Support | $7,500 |
AMAZIN' METS FOUNDATION INC PURPOSE: General Operating Support | $22,500 |
AMERICAN DIABETES ASSOCIATION PURPOSE: General Operating Support | $25,000 |
AMERICAN RED CROSS PURPOSE: General Operating Support | $250,000 |