Washington Nationals Philanthropies
- Assets
- $11.1m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2005
- Data as of
- 12/2023
- EIN
- 34-2034830
Organization Overview
Washington Nationals Philanthropies is located in Washington, DC. The organization was established in 2005. 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. Washington Nationals Philanthropies 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 12/2023, Washington Nationals Philanthropies generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $5.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington Nationals Philanthropies has awarded 121 individual grants totaling $3,222,508. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS THE OFFICIAL CHARITABLE ARM OF THE WASHINGTON NATIONALS, NATIONALS PHILANTHROPIES IS A NEW ENTITY THAT REPLACES THE DREAM FOUNDATION. BUILDING ON THE SUCCESS OF THE FOUNDATION'S FIRST DECADE IN WASHINGTON, WE ASPIRE TO AN EVEN BOLDER, MORE AMBITIOUS PHILANTHROPIC VISION THAT CONTINUES TO ALIGN WITH THE WORK OF THE YOUTH BASEBALL ACADEMY WHILE BUILDING AN ENHANCED AND COHESIVE PLATFORM FOR CIVIC ENGAGEMENT THAT EXTENDS FAR BEYOND THE ACADEMY WALLS.THIS NEW PLATFORM WILL CATALYZE THE ENERGY OF NATIONALS FANS, AND THE GENEROSITY AND PHILANTHROPIC GOALS OF NATIONALS PLAYERS, CORPORATE CHAMPIONS, AND COMMUNITY PARTNERS TO INVEST PHILANTHROPIC DOLLARS WITH, THROUGH, AND TO NATIONALS PHILANTHROPIES - FUELING EVEN GREATER GOOD FOR A BETTER WASHINGTON REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON NATIONALS PHILANTHROPIES HAS A BRICK AND MORTAR ACADEMY THAT HOSTS THREE FREE YOUTH SPORTS DEVELOPMENT PROGRAMS. THE PROGRAMS ARE YEAR ROUND AND AIMS TO HELP YOUTH IN THE 7TH AND 8TH WARDS OF DC.
GRANTS TO COMMUNITY-BASED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Schifter Chair | OfficerTrustee | 4 | $0 |
Dhani Jones Board Member | Trustee | 4 | $0 |
Tim Gillis Board Member | Trustee | 4 | $0 |
Alison Kutler Board Member | Trustee | 4 | $0 |
Skip Spriggs Board Member | Trustee | 4 | $0 |
Tony Lewis Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keystone Sports Construction Field Construction And Maintenance | 12/30/23 | $547,824 |
Rsm Us Llp Accounting Services | 12/30/23 | $218,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,832 |
| Related organizations | $0 |
| Government grants | $2,495,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,740,607 |
| Noncash contributions included in lines 1a–1f | $226,616 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,287,439 |
| Total Program Service Revenue | $603,568 |
| Investment income | $64,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150,574 |
| Net Gain/Loss on Asset Sales | -$16,285 |
| Net Income from Fundraising Events | -$222,648 |
| Net Income from Gaming Activities | $321,389 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,212,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,790 |
| Grants and other assistance to domestic individuals. | $41,827 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $524,903 |
| Compensation of current officers, directors, key employees. | $99,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,473,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,774 |
| Payroll taxes | $154,071 |
| Fees for services: Management | $36,499 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $228,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,632 |
| Fees for services: Other | $56,457 |
| Advertising and promotion | $0 |
| Office expenses | $156,068 |
| Information technology | $124,292 |
| Royalties | $0 |
| Occupancy | $175,533 |
| Travel | $69,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,700,760 |
| Insurance | $14,822 |
| All other expenses | $43,414 |
| Total functional expenses | $5,653,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,193,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,599 |
| Prepaid expenses and deferred charges | $58,395 |
| Net Land, buildings, and equipment | $924,896 |
| Investments—publicly traded securities | $2,473,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,108,527 |
| Accounts payable and accrued expenses | $415,836 |
| Grants payable | $0 |
| Deferred revenue | $250,000 |
| 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 | $665,836 |
| Net assets without donor restrictions | $2,942,050 |
| Net assets with donor restrictions | $7,500,641 |
| 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 | $11,108,527 |
Grants Awarded
Over the last fiscal year, Washington Nationals Philanthropies has awarded $167,540 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BREAST CARE FOR WASHINGTON DC PURPOSE: GENERAL OPERATING SUPPORT | $35,600 |
PEACE FOR DC PURPOSE: GENERAL OPERATING SUPPORT | $37,330 |
FOLDS OF HONOR FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $6,310 |
THE AMYOTROPHIC LATERAL SCLEROSIS ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $16,000 |
DIGITAL PIONEERS ACADEMY PUBLIC CHARTER SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
THE PREVIVOR FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $33,000 |