Rays Baseball Foundation INC EIN 20-4103240

Rays Baseball Foundation INC FY2020 filing

EIN  20-4103240 Public charity (501(c)(3)) St Petersburg, FL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/31/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds youth development, wellness, and education programs, and awards college scholarships to students across Tampa Bay area counties.
Leadership
Bill Wiener · President
Money in and out
$827K revenue, $2.0M expenses
Bottom line
97% program efficiency

Funds youth development, wellness, and education programs, and awards college scholarships to students across Tampa Bay area counties. For fiscal year 2020 it reported $827K in revenue, $2.0M in expenses, and $2.6M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$827K
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.2M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.01 Fundraising $0.01
Program efficiency
97%
of spending reaches programs
Operating runway
16.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-140%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$827K
FY2020
Expenses
$2.0M
FY2020
Total assets
$2.8M
FY2020
Total liabilities
$239K
FY2020
Total revenue
$827K
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2020.
01

Reliever grant funding is used to provide relief to little league and other youth baseball initiatives. During 2020 funding was used to make grants to other non-profits who were negatively impacted by COVID-19.

$695Kprogram expense
02

Partnership grants are given to local rays baseball foundation partners to support their charitable efforts in our community that coincide with the foundation's mission statement.

$662Kprogram expense
03

Through various scholarship programs, the rays baseball foundation supports student scholars in hillsborough, pinellas, pasco, manatee, and sarasota counties.

$218Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRays Baseball Foundation INC
EINHdr · item D20-4103240
Principal addressHdr · item CSt Petersburg, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Chairman/Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rays Baseball Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$539K · 65%
Investment income$305K · 37%
Contributions & grants65%$539K
Investment income37%$305K
Total revenueLn 12$827K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.01 Fundraising $0.01
Program services97%$1.9M
Management & general1%$25K
Fundraising1%$27K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$2.8M
Total liabilitiesLn 26$239K
Total net assetsLn 32$2.6M
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $2.0M
16.9 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.0M
97%
Management & General
Management & general $25K · Total expenses $2.0M
1%
Fundraising
Fundraising $27K · Total expenses $2.0M
1%
Cost to raise $1
Fundraising expense $27K · Solicited contributions $539K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $539K · Total revenue $827K
65%
Government reliance
Government grants — · Total revenue $827K
Earned-income share
Program service revenue $0 · Total revenue $827K
0%
Investment reliance
Investment income $305K · Total revenue $827K
+37%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.0M
0%
Growth & trend
Revenue growth (YoY)
This year $827K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $827K · Expenses $2.0M
-140%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
Net-asset ratio
Net assets $2.6M · Total assets $2.8M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.8M
36%
People & payroll
Highest Reported Total Compensation
Individual Bill Wiener · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $2.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.0M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 1%
Fundraising cost ratio 5%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.7M revenue · ⤓ 990 PDF
FY2023$3.2M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$827K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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