Pitcch in Foundation INC EIN 27-2988945 Form 990 (PDF) Claim this org

Pitcch in Foundation INC

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Boosts inner-city youth self-esteem through education and athletics. For fiscal year 2024 it reported $625K in revenue, $1.1M in expenses, and $555K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
New York, NY
Website
www.pitcch.org
Filings
5 on file (2020–2024)
Revenue
$625KFY2024
Expenses
$1.1M
Net assets
$555K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-2988945 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Boosts inner-city youth self-esteem through education and athletics.
Leadership
Cc Sabathia · Founder, President
Money in and out
$625K revenue, $1.1M expenses
Bottom line
63% program efficiency
Where the money goes · FY2024
Total revenue
$625K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$555K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$476K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Program efficiency
63%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
10.5mo
months of highly liquid reserves at operating expense rate▼ -52% vs prior filing year
Surplus margin
-76%
revenue over expenses, this year▼ -1726% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$625K
FY2024▼ -15%
Expenses
$1.1M
FY2024▲ +58%
Total assets
$880K
FY2024▼ -25%
Total liabilities
$325K
FY2024▲ +180%
Total revenue
$625K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$555K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$476K
Total assetsPt X · Ln 16$880K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $438K of program spending, described in the organization's own filed words · FY2024.
01

Grant Programs

Pitcch in provides grants to numerous organizations and individuals to provide support to the athletic department of vallejo high school as well as support for various youth baseball leagues.

$369Kprogram expense
02

Mentorship Program

Deepen the services pitcch in provides young people in the bronx, ny and vallejo, ca by providing a more holistic approach to their academic, emotional and physical development.

$56Kprogram expense
03

Youth Backpack Program

Provide children in vallejo, ca, the new york tri-state area, and other public schools in the bronx a new backpack filled with school supplies and ny yankees activity book to start the school year. The foundation has purchased 3,000 backpacks to distribute annually.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPitcch in Foundation INC
EINHdr · item D27-2988945
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.pitcch.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N63)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder, President
$0Pt VII · Sec A
Vice President & Co-Founde
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$722K · 115%
Investment income$126K · 20%
Program service revenue$22K · 3%
Contributions & grants115%$722K
Investment income20%$126K
Program service revenue3%$22K
Total revenueLn 12$625K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$695K
Management & general37%$406K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$315K
Total assetsLn 16$880K
Total liabilitiesLn 26$325K
Total net assetsLn 32$555K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $814K · Operating expenses (Pt IX) $1.1M · Less non-cash grants $169K · Cash operating expenses/yr $932K
10.5 months
Where the money goes
Program services
Program services $695K · Total expenses $1.1M
63%
Management & General
Management & general $406K · Total expenses $1.1M
37%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $731K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $722K · Total revenue $625K
115%
Government reliance
Government grants — · Total revenue $625K
Earned-income share
Program service revenue $22K · Total revenue $625K
3%
Investment reliance
Investment income $126K · Total revenue $625K
+20%
Program self-sufficiency
Program service revenue $22K · Total expenses $1.1M
2%
Growth & trend
Revenue growth (YoY)
This year $625K · Prior year $732K
-15%
Revenue CAGR
FY2020 $340K · FY2024 $625K
+16%
Net-asset trend (YoY)
End of year $555K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $625K · Expenses $1.1M
-76%
Liabilities-to-Assets
Total liabilities — · Total assets $880K
Net-asset ratio
Net assets $555K · Total assets $880K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $499K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $880K
57%
People & payroll
Highest Reported Total Compensation
Individual Cc Sabathia · Reported title FOUNDER, PRESIDENT · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $242K · Total expenses $1.1M
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Fundraising cost ratio 0%
Revenue growth -15%
Investment management fee ratio 0.3%
Accounting fee ratio 3%

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 11 funders →
Grants paid · 23 grants · $758K · 2020–2024
Cal Ripken SR Foundation INCMD · FY2024$250,000
Get in the GameNC · FY2024$25,000
Unitemized GrantFY2024$10,000
Vallejo High School Athletic ProgramFY2023$25,000
Unitemized GrantFY2023$10,000
Get in the GameNC · FY2023$10,000
Vallejo High School Athletic ProgramFY2022$25,000
New York Road Runners INCNY · FY2022$13,100
See all 23 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)$625K revenue · viewing · ⤓ 990 PDF
FY2023$732K revenue · ⤓ 990 PDF
FY2022$535K revenue · ⤓ 990 PDF
FY2021$469K revenue · ⤓ 990 PDF
FY2020$340K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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