Florida State League Of Professional Baseball Clubs
- Assets
- $221.8k
- Revenue
- $251.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Vero Beach, FL
- Founding
- 07/1981
- Data as of
- 12/2020
- EIN
- 59-0248215
Organization Overview
Florida State League Of Professional Baseball Clubs is located in Vero Beach, FL. The organization was established in 1981. 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 12/2020, Florida State League Of Professional Baseball Clubs employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida State League Of Professional Baseball Clubs is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Florida State League Of Professional Baseball Clubs generated $251.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $262.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FLORIDA STATE LEAGUE OF PROFESSIONAL BASEBALL CLUBS INC IS FLORIDA HEADQUARTERS & EXECUTIVE OFFICE FOR STATEWIDE GROUP OF MINOR LEAGUE (CLASS A) PROFESSIONAL BASEBALL TEAMS (12 CLUBS). THE LEAGUE PROVIDES UMPIRES FOR ALL GAMES (OVER 1000 PER SEASON), MANAGES PLAYOFF & ALLSTAR GAMES, OTHER LEAGUE ACTIVITIES, & ANNUALLY PROVIDES 12 EDUCATIONAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPERVISE THE OPERATION OF ITS 12 MEMBER TEAMS THROUGHOUT THE STATE OF FLORIDA TO ENSURE THAT THEY CONFORM TO THE LEAGUE'S BY-LAWS AND THE RULES OF PROFESSIONAL BASEBALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Reynolds President/treasurer | OfficerTrustee | 40 | $125,000 |
John Timberlake Executive Vice President | OfficerTrustee | 2 | $0 |
Mike Bauer Vice President | OfficerTrustee | 2 | $0 |
Ron Myers Vice President | OfficerTrustee | 2 | $0 |
Steve Smith General Council | Trustee | 1 | $0 |
David Freeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $251,222 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,222 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,822 |
| Payroll taxes | $12,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,146 |
| Fees for services: Accounting | $1,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,237 |
| Advertising and promotion | $416 |
| Office expenses | $8,634 |
| Information technology | $546 |
| Royalties | $0 |
| Occupancy | $3,282 |
| Travel | $2,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $262,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,616 |
| Savings and temporary cash investments | $60,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $131,820 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161 |
| Total assets | $221,798 |
| Accounts payable and accrued expenses | $6,469 |
| 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 | $6,469 |
| Net assets without donor restrictions | $215,329 |
| 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 | $221,798 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida State League Of Professional Baseball Clubs has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Softball Federation Plant City, FL | $767,134 | $425,442 |
Fit Kids Of America Corp Miami, FL | $1,788,443 | $2,592,545 |
Ecb Inc Canton, GA | $5,748,500 | $937,291 |
Quogue Sports Institute Delray Beach, FL | $51,063 | $849,156 |
Buckhead Baseball Inc Atlanta, GA | $1,323,731 | $666,103 |
W G Warriors Inc Carrollton, GA | $161,398 | $825,046 |
Vipers Baseball Club Inc Palm Beach Gardens, FL | $65,372 | $673,647 |
Pitcch In Foundation Inc Miami, FL | $1,232,050 | $469,313 |
Our World At Hope Park Inc Mcdonough, GA | $232,275 | $633,039 |
Murphey Candler Little League Inc Atlanta, GA | $217,822 | $566,920 |
Mountain Brook Athletics Inc Birmingham, AL | $348,472 | $577,230 |
Birmingham Thunderbolts Birmingham, AL | $674,667 | $388,720 |