Rays Baseball Foundation INC

Tax-deductible

St Petersburg, FL501(c)(3)Youth DevelopmentEIN 20-4103240Revenue $2.7M in FY2024

On file with the IRS1 Tropicana Dr, 33705-1703 · St Petersburg, FLTax-exempt since May 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To support youth development, wellness, and education programs in our community.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 45 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $286K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $62K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$342K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 8 voting members
Worth a look: 1 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-14% vs prior year
Spent
$3.1M
To programs
89%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$827K
FY2021$1.3M
FY2022$1.8M
FY2023$3.2M
FY2024$2.7M
Expenses
$3.1M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.4M
FY2022$1.7M
FY2023$3.2M
FY2024$3.1M
Net assets
$2.5M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$2.7M
FY2023$2.6M
FY2024$2.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.8M Management & general 1% · $30K Fundraising 10% · $316K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman/Secretary/Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
President (term End 1/11/2024)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (term Start 1/11/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (term Start 1/11/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rays Baseball Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds youth development, wellness, and education programs, and awards college scholarships to students across Tampa Bay area counties.

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Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2024
01

Community grantsthe rays baseball foundation provided more than $1,200,000 to local nonprofits in the tampa bay region through various grant programs. These grants help support their missions and areas in which they excel supporting our community.

$1.3Mprogram expense
02

Disaster reliefthe rays baseball foundation committed $1 million to hurricane relief efforts in the wake of the destruction caused by hurricanes helene and milton, collaborating with community partners and non-profit organizations serving the area with expertise in delivering aid.

$904Kprogram expense
03

Scholarshipsthe rays baseball foundation awarded $205,000 in scholarships through nonprofit partners for students in hillsborough, pinellas, pasco, manatee, and sarasota counties.

$205Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 347 grants · $8.1M · 2020–2024
See all 347 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Other incomeLn 4–11$1.4M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$61K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.8M
Managementcol C$30K
Fundraisingcol D$316K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.8M
LiabilitiesLn 26$342K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$14K
Fundraising eventsLn 1c$172K
Investment incomeLn 3$61K
Other incomeLn 4–11$1.4M
Gains on assetsLn 7−$2K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$896K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$2.8M
LiabilitiesLn 26$342K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$1.0M
InvestmentsLn 11–13$1.2M$1.6M
Land, buildings, equipmentLn 10c$13K$12K
Total assetsLn 16$2.8M$2.8M
LiabilitiesLn 26$266K$342K
Net assetsLn 32$2.6M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Grants and assistance to foreign recipientsLn 3$54K$54K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$203K$170K$3K$30K
TravelLn 17$18K$18K
Conferences, conventions and meetingsLn 19$110K$110K
Depreciation, depletion and amortizationLn 22$11K$7K$3K
Other expenses (24a–d)Ln 24$283K$283K
All other expensesLn 24e$578$578
Total functional expensesLn 25$3.1M$2.8M$30K$316K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$3.1M−$400K$2.5M 990 PDF
FY2023 $3.2M$3.2M−$15K$2.6M 990 PDF
FY2022 $1.8M$1.7M$179K$2.7M 990 PDF
FY2021 $1.3M$1.4M−$40K$2.8M 990 PDF
FY2020 $827K$2.0M−$1.2M$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,707,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,206,876$1,210,198
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $213,103$61,272
I-11 Other revenuePrior year $1,736,342$1,435,962
I-12 Total revenuePrior year $3,156,321$2,707,432
I-13 Grants and similar amounts paidPrior year $2,420,385$2,442,774
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $751,152$665,004
I-18 Total expensesPrior year $3,171,537$3,107,778
I-19 Revenue less expensesPrior year −$15,216−$400,346
Part VI · Governance 1 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,707,432 across 8 lines filed
Lines not itemized here account for $1,398,685 of total revenue; see the IRS return.
VIII-1c Fundraising events$171,915
VIII-1e Government grants$14,291
VIII-1f All other contributions, gifts and grants$1,023,992
VIII-1h Total contributions, gifts and grants$1,210,198
VIII-3 Investment incomeExcluded from tax $62,991$62,991
VIII-7 Net gain or loss on sales of assetsUnrelated business −$560 · Excluded from tax −$1,159−$1,719
VIII-8 Net income from fundraising eventsExcluded from tax $37,277$37,277
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,321,992 · Excluded from tax $175,242$2,707,432
Part IX · Statement of functional expenses $3,107,778 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,388,762$2,388,762
IX-3 Grants and assistance to foreign recipientsPrograms $54,012$54,012
IX-11c Accounting feesManagement $19,376$19,376
IX-11g Other fees for servicesPrograms $10,935$10,935
IX-12 Advertising and promotionPrograms $8,832$8,832
IX-13 Office expensesPrograms $170,138 · Management $3,028 · Fundraising $29,834$203,000
IX-17 TravelPrograms $18,164$18,164
IX-19 Conferences, conventions and meetingsPrograms $110,083$110,083
IX-22 Depreciation, depletion and amortizationManagement $7,437 · Fundraising $3,422$10,859
IX-24 Other expenses (24a–d)Fundraising $283,177$283,177
IX-24e All other expensesManagement $578$578
IX-25 Total functional expensesPrograms $2,760,926 · Management $30,419 · Fundraising $316,433$3,107,778
Part X · Balance sheet $2,802,158 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $177,163$110,156
X-2 Savings and temporary cash investmentsStart of year $1,302,533$895,804
X-3 Pledges and grants receivableStart of year $4,865$0
X-4 Accounts receivableStart of year $31,342$31,798
X-9 Prepaid expenses and deferred chargesStart of year $65,000$200,614
X-10c Land, buildings and equipment, netStart of year $13,369$12,026
X-11 Publicly traded securitiesStart of year $1,242,793$1,551,760
X-16 Total assetsStart of year $2,837,065$2,802,158
X-17 Accounts payable and accrued expensesStart of year $241,338$326,783
X-18 Grants payableStart of year $25,000$0
X-19 Deferred revenue$15,108
X-26 Total liabilitiesStart of year $266,338$341,891
X-27 Net assets without donor restrictionsStart of year $2,539,006$2,339,465
X-28 Net assets with donor restrictionsStart of year $31,721$120,802
X-32 Total net assets or fund balancesStart of year $2,570,727$2,460,267
X-33 Total liabilities and net assetsStart of year $2,837,065$2,802,158
Part XI · Reconciliation of net assets $2,460,267 net assets at year end
XI-1 Total revenue$2,707,432
XI-2 Total expenses$3,107,778
XI-3 Revenue less expenses−$400,346
XI-4 Net assets at start of year$2,570,727
XI-5 Net unrealized gains (losses) on investments$289,886
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,460,267

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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