Friends Of Yogi Inc
- Assets
- $8.1m
- Revenue
- $775.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Little Falls, NJ
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 22-3548871
Organization Overview
Friends Of Yogi Inc, operating under the name Yogi Berra Museum & Learning Center, is located in Little Falls, NJ. The organization was established in 1998. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Yogi Berra Museum & Learning Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yogi Berra Museum & Learning Center 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, Yogi Berra Museum & Learning Center generated $775.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM OFFERS STEM, LANGUAGE ARTS, HISTORY AND SOCIAL JUSTICE PROGRAMS TO MIDDLE AND HIGH SCHOOL STUDENTS THROUGHOUT NEW JERSEY, WITH A PARTICULAR FOCUS ON UNDERSERVED COMMUNITIES, INCLUDING NEWARK, PATERSON AND ELIZABETH. THE MUSEUM IS A NONPROFIT 501(C)(3) ORGANIZATION. ALL MONEY RAISED THROUGH DONATIONS, GRANTS AND FUNDRAISING INITIATIVES ARE USED TO SUPPORT MUSEUM EXHIBITIONS AND PROGRAMS. THE MUSEUM'S YOUTH DEVELOPMENT PROGRAMS EXPOSE YOUNG PEOPLE TO YOGI'S VALUES, WHILE AT THE SAME TIME INTRODUCING BASEBALL TO CHILDREN WHO MIGHT OTHERWISE NEVER HAVE THE OPPORTUNITY TO EXPERIENCE THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM OFFERS A NUMBER OF PUBLIC PROGRAMS THAT CONNECT COMMUNITY AROUND A SHARED LOVE OF SPORTS, INCLUDING BOOK SIGNINGS, PANEL DISCUSSIONS AND EXHIBIT OPENINGS. THE MUSEUM'S BEST TEAMMATE AWARD HONORS A STUDENT ATHLETE FROM EACH OF THE 40 SCHOOLS IN THE SUPER ESSEX CONFERENCE, PAYING TRIBUTE TO THOSE YOUNG PEOPLE WHO MAY NOT BE THE BEST PERFORMERS ON THE FIELD, BUT WHO, LIKE YOGI, ARE THE BEST TEAMMATES. IN HONOR OF YOGI'S WWII SERVICE AT D-DAY, THE MUSEUM HOSTS MILITARY VETERANS AND THE GENERAL PUBLIC FOR AN ANNUAL JUNE 6TH PROGRAM THAT IS LIVE STREAMED BY THE US NAVY TO ALL ACTIVE SERVICE MEMBERS WORLD WIDE.
A RANGE OF IN-PERSON AND REMOTE STANDARDS-ALIGNED LEARNING EXPERIENCES, LEVERAGE SPORTS AND BASEBALL AS A VEHICLE TO ADDRESS IMPORTANT ACADEMIC SUBJECTS, AS WELL AS CHALLENGING SOCIAL ISSUES OF TODAY. THE PROGRAMS SERVED APPROXIMATELY 10,000 STUDENTS WITH FOCUS ON STEM, LANGUAGE ARTS, HISTORY AND SOCIAL STUDIES. ALL EDUCATION PROGRAMS ARE INFUSED WITH THE VALUES THAT DRIVE THE MUSEUM'S MISSION: RESPECT, TEAMWORK, DETERMINATION AND EXCELLENCE. EVEN AS THE PUBLIC HEALTH SITUATION HAS ALLOWED THE MUSEUM TO ONCE AGAIN HOST STUDENTS IN PERSON, THE EDUCATION TEAM CONTINUES TO OFFER VIRTUAL FIELD TRIPS, SO AS TO MAINTAIN THE EXTENDED REACH SUCH REMOTE PROGRAMMING ALLOWS THE ORGANIZATION.
THE MUSEUM OFFERS TWO CAMPS FOR SOFTBALL AND BASEBALL DURING THE SUMMER. APPROXIMATELY 40 ATTEND THE BASEBALL CAMP AND 30 ATTEND THE SOFTBALL CAMP. 50% OF THOSE ATTENDING ARE ON FULL SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Markowitz President | OfficerTrustee | 1 | $0 |
Julie Jackson Vice President And Treasurer | OfficerTrustee | 0.5 | $0 |
James T Seery Secretary | OfficerTrustee | 1 | $0 |
Lindsay Berra Trustee | Trustee | 3 | $0 |
Tom Blim Trustee | Trustee | 0.5 | $0 |
Kavitha A Davidson Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,135 |
| Fundraising events | $265,992 |
| Related organizations | $0 |
| Government grants | $65,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,930 |
| Noncash contributions included in lines 1a–1f | $19,733 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,807 |
| Total Program Service Revenue | $94,451 |
| Investment income | $89,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,301 |
| Net Gain/Loss on Asset Sales | $16,213 |
| Net Income from Fundraising Events | -$24,774 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,168 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $259,007 |
| Compensation of current officers, directors, key employees. | $113,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,115 |
| Pension plan accruals and contributions | $6,536 |
| Other employee benefits | $71,614 |
| Payroll taxes | $38,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,397 |
| Fees for services: Investment Management | $36,706 |
| Fees for services: Other | $18,744 |
| Advertising and promotion | $1,547 |
| Office expenses | $16,073 |
| Information technology | $6,685 |
| Royalties | $0 |
| Occupancy | $30,205 |
| 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 | $361,151 |
| Insurance | $32,098 |
| All other expenses | $17,193 |
| Total functional expenses | $1,285,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,626 |
| Savings and temporary cash investments | $309,506 |
| Pledges and grants receivable | $278,130 |
| Accounts receivable, net | $1,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,770 |
| Prepaid expenses and deferred charges | $16,267 |
| Net Land, buildings, and equipment | $3,040,543 |
| Investments—publicly traded securities | $4,280,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,101,665 |
| Accounts payable and accrued expenses | $44,920 |
| Grants payable | $0 |
| Deferred revenue | $42,500 |
| 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 | $87,420 |
| Net assets without donor restrictions | $8,007,916 |
| Net assets with donor restrictions | $6,329 |
| 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 | $8,101,665 |