Ted Williams Museum and Hitters Hall of Fame INC EIN 59-3176953

Ted Williams Museum and Hitters Hall of Fame INC

EIN  59-3176953 Public charity (501(c)(3)) Hernando, FL
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/11/26 · see original filing: IRS
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Size
$1–10M
What they do
Educates the public about Ted Williams' significant contributions.
Leadership
David a McCarthy · Director · $141K
Money in and out
$1.9M revenue, $1.4M expenses
Bottom line
89% program efficiency

Educates the public about Ted Williams' significant contributions. For fiscal year 2024 it reported $1.9M in revenue, $1.4M in expenses, and $13.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$13.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $499K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
116.1mo
months of highly liquid reserves at operating expense rate▼ -63% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▼ -61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.9M
FY2024▲ +39%
Expenses
$1.4M
FY2024▲ +222%
Total assets
$13.7M
FY2024▲ +19%
Total liabilities
$0
FY2024
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$13.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$499K
Total assetsPt X · Ln 16$13.7M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

2 program services account for $388K of program spending, described in the organization's own filed words · FY2024.
01

The organization admitted thousands of people who were able to recognize and remember the contributions of ted williams to baseball, his country and society.

$388Kprogram expense
02

Education regarding the contributions of ted williams to baseball.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTed Williams Museum and Hitters Hall of Fame INC
EINHdr · item D59-3176953
Principal addressHdr · item CHernando, FL
WebsiteHdr · item Jwww.tedwilliamsmuseum.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFJun 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
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
$140,731Pt VII · Sec A
$93,962Pt VII · Sec A
Gaming Mgr/D
$11,550Pt VII · Sec A
CEO/Presiden
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Sec
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David a McCarthy’s $141K as Director is at the 62nd percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
David a McCarthy$140,731$99,000$121,593$128,962
Anthony Penna$93,962
Anthony Pena$54,475$80,000
Margaret S Monroe$11,550$13,205$18,286$3,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$833K · 44%
Other revenue$762K · 41%
Investment income$277K · 15%
Program service revenue44%$833K
Other revenue41%$762K
Investment income15%$277K
Contributions & grants$4K
Total revenueLn 12$1.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$1.2M
Management & general11%$146K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$774K
Total assetsLn 16$13.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$13.7M
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.3M · Operating expenses/yr $1.4M
116.1 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.4M
89%
Management & General
Management & general $146K · Total expenses $1.4M
11%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $19K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $1.9M
0%
Government reliance
Government grants — · Total revenue $1.9M
Earned-income share
Program service revenue $833K · Total revenue $1.9M
44%
Investment reliance
Investment income $277K · Total revenue $1.9M
+15%
Program self-sufficiency
Program service revenue $833K · Total expenses $1.4M
60%
Growth & trend
Revenue growth (YoY)
This year $1.9M · Prior year $1.3M
+39%
Revenue CAGR
FY2020 $142K · FY2024 $1.9M
+91%
Net-asset trend (YoY)
End of year $13.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.9M · Expenses $1.4M
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $13.7M
Net-asset ratio
Net assets $13.7M · Total assets $13.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.7M
92%
People & payroll
Highest Reported Total Compensation
Individual David a McCarthy · Reported title DIRECTOR · Highest reported compensation $141K · Total expenses $1.4M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $407K · Total expenses $1.4M
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 39%
Legal fee ratio 0%
Accounting fee ratio 0%

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
Total grants receivedfrom 1 funder$8K
Grants paid · 20 grants · $821K · 2020–2024
Orieles Charitable FoundationFY2024$86,098
Detroit Tigers FoundationFY2024$79,792
Unitemized GrantFY2024$50,000
Rays Baseball Foundation INCFL · FY2024$41,535
Jaguars FoundationFY2024$35,655
The Red Sox Foundation INCMA · FY2024$12,000
Jaguars FoundationFY2023$75,750
Detroit Tigers FoundationFY2023$59,610
Rays Baseball Foundation INCFL · FY2023$52,793
Orieles Charitable FoundationFY2023$38,923
The Red Sox Foundation INCMA · FY2023$15,259
Rays Baseball Foundation INCFL · FY2022$52,188
Jaguars FoundationFY2022$32,462
Detroit Tigers FoundationFY2022$25,261
The Red Sox Foundation INCMA · FY2022$20,000
American Girls BaseballFL · FY2022$9,916
Rays Baseball Foundation INCFL · FY2020$37,667
Rays Baseball Foundation INCFL · FY2020$37,667
See all 20 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)$1.9M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$565K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$142K 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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