Texas Rangers Baseball Foundation
- Assets
- $32.0m
- Revenue
- $4.2m
- Investments
- $14.8m
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 10/1992
- Data as of
- 12/2020
- EIN
- 75-2404714
Organization Overview
Texas Rangers Baseball Foundation is located in Arlington, TX. The organization was established in 1992. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Rangers Baseball Foundation 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 12/2020, Texas Rangers Baseball Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2020. While expenses have increased by 6.0% per year over the past 6 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.
Since 2018, Texas Rangers Baseball Foundation has awarded 79 individual grants totaling $1,485,098. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE TEXAS RANGERS BASEBALL FOUNDATION IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN IN NEED WITHIN OUR COMMUNITY, AND PROVIDES FUNDING FOR CHILDREN, THE MILITARY AND FIRST RESPONDERS AND THEIR FAMILIES, EDUCATIONAL, HEALTH, AND ATHLETIC PROGRAMMING AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS RANGERS BASEBALL FOUNDATION CONDUCTS CHARITABLE ACTIVITIES IN THE DALLAS/FORT WORTH AREA, INCLUDING SEVERAL YOUTH PROGRAMS THAT PROVIDE HEALTH, WELLNESS, AND EXERCISE EDUCATION, AS WELL AS THE PROVISION OF RANGERS BASEBALL GAME TICKETS TO UNDERPRIVILEGED CHILDREN.
THE TEXAS RANGERS BASEBALL FOUNDATION OPERATES THE TEXAS RANGERS MLB YOUTH ACADEMY IN WEST DALLAS THAT PROVIDES BASEBALL AND SOFTBALL INSTRUCTION FOR MORE THAN 30,000 YOUNG PEOPLE AGES 7-18 EACH YEAR AND PROVIDES OFF THE FIELD EDUCATIONAL PROGRAMS.
THE TEXAS RANGERS BASEBALL FOUNDATION PROVIDES SCHOLARSHIPS FOR STUDENTS ACROSS NORTH TEXAS THROUGH SEVERAL SCHOLARSHIP PROGRAMS INCLUDING THE RICHARD GREENE SCHOLARS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellie L Fischer Treasurer | OfficerTrustee | 10 | $0 |
Neil Leibman Chairman | OfficerTrustee | 5 | $0 |
Katie Pothier Secretary | OfficerTrustee | 1 | $0 |
Karin Morris Executive Dir. | Officer | 2 | $0 |
Ken Hall Director | Trustee | 10 | $0 |
Rob Matwick Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,577,198 |
| Investment income | $630,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,452 |
| Net Income from Gaming Activities | $82,307 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,231,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $98,593 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $403,208 |
| Pension plan accruals and contributions | $12,686 |
| Other employee benefits | $54,702 |
| Payroll taxes | $31,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,879 |
| Fees for services: Accounting | $35,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,788 |
| 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 | $505,575 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,224,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,580,540 |
| Accounts receivable, net | $19,558 |
| 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 | $391,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,770,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,952,885 |
| Accounts payable and accrued expenses | $294,541 |
| Grants payable | $3,974 |
| Deferred revenue | $42,300 |
| 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 | $103,000 |
| Other liabilities | $2,598,209 |
| Total liabilities | $3,042,024 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $28,910,861 |
Grants Awarded
Over the last fiscal year, Texas Rangers Baseball Foundation has awarded $449,851 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Sherman Oaks, CA PURPOSE: GENERAL SUPPORT | $100,000 |
Towson, MD PURPOSE: GENERAL SUPPORT | $39,461 |
Arlington, TX PURPOSE: GENERAL SUPPORT | $30,000 |
Phoenix, AZ PURPOSE: GENERAL SUPPORT | $25,000 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $20,000 |
Arlington, TX PURPOSE: GENERAL SUPPORT | $18,960 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Texas Rangers Baseball Foundation has recieved totaling $955,336.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $800,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $31,330 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR THE RICHARD GREEN FOUNDATION FOR SCHOLARS | $25,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: TO SUPPORT THE RICHARD GREENE SCHOLARS PROGRAM | $25,000 |
Bill And Sharon Allen Familyfoundation Charlotte, NC PURPOSE: YOUTH HEALTH, FITNESS, AND EDUCATION PROGRAMS | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $13,475 |
Endowment Analysis
| Beg. Balance | $16,694,228 |
| Earnings | $1,810,474 |
| Net Contributions | $25,000 |
| Ending Balance | $18,529,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Library System Norman, OK | $5,931,448 | $15,507,691 |
Amigos Library Services Addison, TX | $13,779,793 | $13,572,299 |
Houston Academy Of Medicine Houston, TX | $57,192,263 | $9,726,228 |
Rosenberg Library Association Galveston, TX | $38,547,435 | $5,322,146 |
Texas Rangers Baseball Foundation Arlington, TX | $31,952,885 | $4,231,744 |
Texas Library Association Austin, TX | $3,885,906 | $2,023,532 |
Nicholas P Sims Library And Lyceum Waxahachie, TX | $6,016,321 | $1,456,902 |
T L L Temple Memorial Library & Archives Diboll, TX | $4,162,289 | $853,055 |
Jal Public Library Fund Jal, NM | $27,094,564 | $3,040,405 |
Mid-Continent Geological Library Inc Edmond, OK | $1,595,859 | $293,509 |
Bexar County Medical Library Association San Antonio, TX | $5,494,674 | $707,549 |
Baxter County Public Library Foundation Mountain Home, AR | $16,285,852 | $1,717,999 |