Diamond Sports Foundation

Organization Overview

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.

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.


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Financial Statements

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

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