303 Development Foundation Corp
- Assets
- $4.8m
- Revenue
- $2.4m
- Investments
- $4.8m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 68-0655381
Organization Overview
303 Development Foundation Corp is located in Staten Island, NY. The organization was established in 2007. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 303 Development Foundation Corp 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, 303 Development Foundation Corp generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF THE GAME OF BASEBALL FOR THE CHILDREN OF EAST AFRICA. THIS IS DONE BY SUPPORTING THE UGANDA LITTLE LEAGUE BASEBALL IN UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Copeland Vice President | 1 | $0 | |
Suzanne Fernandez Secretary | 0.25 | $0 | |
Barbara Salerno Treasurer | 0.25 | $0 | |
Richard Stanley President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,747,161 |
| Interest on Savings | $0 |
| Dividends & Interest | $243,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $452,187 |
| Total Revenue | $2,443,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,694 |
| Total operating and administrative expenses | $66,194 |
| Contributions, gifts, grants paid | $1,735,000 |
| Total expenses and disbursements | $1,801,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,042 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,791,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 303 Development Foundation Corp has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Major League Baseball Youth Foundation New York, NY | $13,010,715 | $5,223,219 |
Baldwin Emergency Medical Service Pittsburgh, PA | $3,805,310 | $3,984,374 |
Babe Ruth League Inc Hamilton, NJ | $13,342,354 | $4,098,031 |
Pittsburgh Three Rivers Marathon Inc Pittsburgh, PA | $3,549,532 | $3,806,189 |
The Baseball Inc Roxbury, MA | $2,393,613 | $3,601,318 |
South Shore Conference Inc Brockton, MA | $586,896 | $3,264,192 |
Mlb-Mlbpa Youth Development Foundation New York, NY | $18,472,845 | $3,947,682 |
Pitch In For Baseball Harleysville, PA | $4,184,425 | $3,556,948 |
303 Development Foundation Corp Staten Island, NY | $4,791,074 | $2,443,003 |
Cape Cod Baseball League Inc Cotuit, MA | $1,513,304 | $724,156 |
Pony Baseball Inc Washington, PA | $2,680,551 | $1,084,013 |
Little League Baseball Inc Melville, NY | $110,455 | $755,010 |