Rays Baseball Foundation Inc
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-4103240
Organization Overview
Rays Baseball Foundation Inc is located in St Petersburg, FL. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rays Baseball Foundation 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, Rays Baseball Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 4.9% 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, Rays Baseball Foundation Inc has awarded 682 individual grants totaling $11,547,316. 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 SUPPORT YOUTH DEVELOPMENT, WELLNESS, AND EDUCATION PROGRAMS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RAYS BASEBALL FOUNDATION PROVIDED MORE THAN $1,200,000 TO LOCAL NONPROFITS IN THE TAMPA BAY REGION THROUGH VARIOUS GRANT PROGRAMS. THESE GRANTS HELP SUPPORT THEIR MISSIONS AND AREAS IN WHICH THEY EXCEL SUPPORTING OUR COMMUNITY.
FOLLOWING THE AFTERMATH OF THE DESTRUCTION CAUSED BY HURRICANE IAN, THE FOUNDATION COMMITTED $1,000,000 TO RECOVERY EFFORTS FOR THOSE DIRECTLY IMPACTED BY COLLABORATING WITH COMMUNITY PARTNERS AND NONPROFIT ORGANIZATIONS WITH EXPERTISE IN DELIVERING AID.
THE RAYS BASEBALL FOUNDATION AWARDED $195,000 IN SCHOLARSHIPS THROUGH NONPROFIT PARTNERS FOR STUDENTS IN HILLSBOROUGH, PINELLAS, PASCO, MANATEE, AND SARASOTA COUNTIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Higgins Chairman/secretary/treasur | OfficerTrustee | 0.25 | $0 |
Bill Wiener President | OfficerTrustee | 0.25 | $0 |
Jennifer Tran Vice President | OfficerTrustee | 0.25 | $0 |
Matthew Silverman Director | Trustee | 0.25 | $0 |
Brian Auld Director | Trustee | 0.25 | $0 |
Gary Goldring Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $754,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,033 |
| Total Program Service Revenue | $0 |
| Investment income | $20,902 |
| 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 | $1,055,464 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,835,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,583,864 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Fees for services: Accounting | $18,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,268 |
| Office expenses | $27,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $8,533 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,656,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,670 |
| Savings and temporary cash investments | $1,003,335 |
| Pledges and grants receivable | $100,562 |
| Accounts receivable, net | $42,266 |
| 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 | $28,500 |
| Net Land, buildings, and equipment | $13,816 |
| Investments—publicly traded securities | $1,313,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,799,147 |
| Accounts payable and accrued expenses | $62,693 |
| 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 | $0 |
| Total liabilities | $62,693 |
| Net assets without donor restrictions | $2,700,173 |
| Net assets with donor restrictions | $36,281 |
| 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 | $2,799,147 |
Grants Awarded
Over the last fiscal year, Rays Baseball Foundation Inc has awarded $2,174,560 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY PREP CENTER OF TAMPA PURPOSE: SCHOLARSHIP | $20,000 |
ACADEMY PREP CENTER OF ST PETERSBURG PURPOSE: SCHOLARSHIP | $20,000 |
ACADEMY PREP LAKELAND PURPOSE: SCHOLARSHIP | $20,000 |
ALL SPORTS & ACADEMIC PROGRAM INC PURPOSE: PARTNERSHIP GRANT | $15,000 |
ALS ASSOCIATION FL CHAPTER PURPOSE: PARTNERSHIP GRANT & RELIEVER GRANT | $30,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: RELIEVER GRANT | $10,000 |