Diamond Sports Foundation is located in Niantic, CT. The organization was established in 2016. 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 12/2021, Diamond Sports Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Sports 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 12/2021, Diamond Sports Foundation generated $360.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $403.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 3 years. 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
TRAINING PROGRAM:THE PROGRAM IS FOR THE TRAINING, COACHING AND DEVELOPMENT OF TALENTED STUDENT-ATHLETES IN BASEBALL AND SOFTBALL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Timothy Fitzpatrick Chief Executive Officer | 40 | $0 | |
Kaiulani Recchia Chief Of Staff | 20 | $0 | |
Heather Ogg Treasurer | 5 | $0 | |
Pat Casey Board Member | 1 | $0 | |
Michele Smith Board Member | 1 | $0 | |
Tracy Smith Board Chair | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $359,987 |
Interest on Savings | $2 |
Dividends & Interest | $0 |
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 | $0 |
Total Revenue | $359,989 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $27,000 |
Pension plans, employee benefits | $236 |
Interest | $0 |
Taxes | $3,360 |
Depreciation | $3,220 |
Occupancy | $19,038 |
Travel, conferences, and meetings | $21,105 |
Printing and publications | $0 |
Other expenses | $286,319 |
Total operating and administrative expenses | $388,831 |
Contributions, gifts, grants paid | $14,500 |
Total expenses and disbursements | $403,331 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,088 |
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 | $8,538 |
Other assets | $500 |
Total assets | $25,126 |
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 |
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Mlb-Mlbpa Youth Development Foundation New York, NY | $18,472,845 | $3,947,682 |
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 |
Little League Baseball Inc Melville, NY | $110,455 | $755,010 |
New England Baseball Club Inc Needham, MA | $75,068 | $719,972 |
Westport Baseball & Softball Inc Westport, CT | $1,343,398 | $769,405 |
Little League Baseball Inc Staten Island, NY | $302,109 | $589,081 |
Ct Capitals Baseball Organization Hartford, CT | $255,414 | $570,929 |
Merillon Sports Association Inc New Hyde Park, NY | $248,355 | $534,294 |