Michigan Baseball Foundation Inc
- Assets
- $34.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 46
- Location
- Midland, MI
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 68-0619551
Organization Overview
Michigan Baseball Foundation Inc is located in Midland, MI. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Michigan Baseball Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan 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 12/2021, Michigan Baseball Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michigan Baseball Foundation Inc has awarded 32 individual grants totaling $947,972. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MICHIGAN BASEBALL FOUNDATION WILL CREATE REGIONAL ECONOMIC DEVELOPMENT AND SUPPORT YOUTH ORGANIZATIONS THROUGH CREATIVE PARTNERSHIPS AND GRANTS BY OPERATING THE FINEST MINOR LEAGUE BASEBALL FACILITY AND EVENTS CENTER IN THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LESSEN THE BURDENS UPON THE VARIOUS LOCAL GOVERNMENTS IN THE COUNTIES OF MIDLAND, BAY AND SAGINAW IN SUCH GOVERNMENTS' EFFORTS TO REVITALIZE AND REINVIGORATE ECONOMIC AND EMPLOYMENT OPPORTUNITIES IN THIS KEY AREA BY GREATLY DECREASING THE COST TO THE COUNTIES OF PROCURING AND SUSTAINING A PROFESSIONAL MINOR LEAGUE BASEBALL TEAM AND BUILDING AND OPERATING A STADIUM FOR THE TEAM; TO PROMOTE THE DEVELOPMENT OF THE SOUTHEAST PORTION OF THE CITY OF MIDLAND BY LOCATING THE STADIUM IN THAT AREA; TO SUPPORT AND COMPLEMENT EXISTING AND PROPOSED INFRASTRUCTURE IMPROVEMENTS ON WHICH THE CITY OF MIDLAND AND THE COUNTY OF MIDLAND ARE PLANNING AND/OR CURRENTLY WORKING; TO FURTHER PROMOTE AMATEUR BASEBALL IN PARTICULAR AND AMATEUR SPORTS IN GENERAL IN THE COUNTIES BY USING ANY EXCESS OF OPERATING REVENUES OVER EXPENSES TO PROVIDE ADDITIONAL FUNDING FOR EXISTING SPORTS PROGRAMS AND/OR TO INSTITUTE NEW SPORTS PROGRAMS IN LOCAL SCHOOLS AND/OR ON AN EXTRACURRICULAR BASIS; AND TO EXPAND EMPLOYMENT OPPORTUNITIES AND INCREASE THE GENERAL LEVEL OF PERSONAL INCOME IN THE COUNTIES; AND, IN GENERAL, TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COUNTIES AND THEIR PEOPLE.
SUPPORT OF PUBLIC AND COMMERCIAL ECONOMIC DEVELOPMENT PROJECTS, SOME OF WHICH HAVE BEEN UNDER CONSIDERATION FOR YEARS, BY PROVIDING ADMINISTRATIVE ASSISTANCE, CONSULTATION, EXPERTISE AND ACCESS TO FUNDING. THESE PROJECTS CAN BE ANYWHERE IN MIDLAND, AND TODAY ARE FOCUSED MAINLY IN DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William S Stavropoulos Chairman And | OfficerTrustee | 1 | $0 |
David Ramaker President | OfficerTrustee | 1 | $0 |
Michael D Hayes Vice Preside | OfficerTrustee | 1 | $0 |
Jana Chotivkova Vice Preside | Officer | 1 | $0 |
William Collins General Coun | Officer | 1 | $0 |
Donald J Bachand Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daktronics Inc Video Board | 12/30/18 | $230,158 |
Blasy Electric Inc Video Board | 12/30/18 | $100,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,971 |
| Total Program Service Revenue | $546,239 |
| Investment income | $4,421 |
| 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 | $33,378 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,046,440 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,742 |
| Payroll taxes | $41,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $12,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,423 |
| Office expenses | $33,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,578 |
| 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 | $1,433,872 |
| Insurance | $37,772 |
| All other expenses | $8,931 |
| Total functional expenses | $2,358,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,346,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,223,748 |
| 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 | $18,541 |
| Net Land, buildings, and equipment | $30,229,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,738 |
| Total assets | $33,974,034 |
| Accounts payable and accrued expenses | $58,009 |
| Grants payable | $177,750 |
| Deferred revenue | $6,375 |
| 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 | $2,700,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,885 |
| Total liabilities | $3,084,019 |
| Net assets without donor restrictions | $30,890,015 |
| 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 | $33,974,034 |
Grants Awarded
Over the last fiscal year, Michigan Baseball Foundation Inc has awarded $34,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, MI PURPOSE: COVID RELIEF & DEVEL | $14,500 |
Bay City, MI PURPOSE: COVID19 RELIEF | $10,000 |
Saginaw, MI PURPOSE: COVID19 RELIEF | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Michigan Baseball Foundation Inc has recieved totaling $116,522.
| Awarding Organization | Amount |
|---|---|
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $100,000 |
Patricia And David Kepler Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,000 |
Laura Ludington Hollenbeck Foundation Midland, MI PURPOSE: OPERATING FUND | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |
Wenonah Park Properties Inc Bay City, MI | $22,411,152 | $7,079,713 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Grand Rapids-Kent Cty Convention Center & Vistors Bureau Grand Rapids, MI | $10,130,209 | $9,465,987 |