Overview
What is Metropolitan Oval Foundation Inc?
Metropolitan Oval Foundation Inc is a nonprofit organization situated in Brooklyn, New York, with a focus on promoting and fostering youth soccer development within the city. It operates primarily by training young individuals to excel in amateur soccer competitions, both locally and internationally. The foundation also plays a crucial role in preserving and maintaining The Metropolitan Oval, a soccer field located in Maspeth, New York. To fulfill its mission, the foundation leases the field to various educational institutions and youth organizations for their soccer activities. With a team of six dedicated employees, Metropolitan Oval Foundation Inc is committed to nurturing the love for soccer among the city's youth and providing them with the necessary resources to grow and succeed.
Official website here: www.metropolitanoval.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Metropolitan Oval Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily based on its Accountability & Finance metrics. With a score of 82 in this category, the organization demonstrates a strong commitment to financial health, evidenced by a low liabilities to assets ratio and a high program expense ratio of nearly 90%. This indicates that a significant portion of its resources is directed towards its programs rather than administrative costs.
Key strengths include a fully independent board with no potential conflicts of interest, which bodes well for governance and oversight. The foundation has also shown diligence in its financial management, as indicated by the absence of any material diversion of assets and a thorough audit process. These factors suggest that the organization is operating with a high level of integrity and accountability.
However, there are notable limitations, particularly regarding the absence of important governance policies such as a conflict of interest policy, whistleblower policy, and document retention guidelines. Furthermore, the organization has not made its tax form available on its website, which could hinder transparency efforts. Addressing these issues could enhance the foundation’s overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Oval Foundation Inc legitimate?
Metropolitan Oval Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Oval Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $24,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $756,056
For more financial information, click here
Official website here: www.metropolitanoval.org
What is the mission statement of Metropolitan Oval Foundation Inc?
The Metropolitan Oval Foundation Inc's mission is centered around promoting, supporting, and fostering the growth of Youth Soccer within New York City. In pursuit of this objective, the foundation engages in various activities. Primarily, it aims to develop young soccer players, preparing them to compete in local, regional, and international amateur tournaments. Additionally, the foundation is committed to preserving a soccer field, known as The Metropolitan Oval, located in Maspeth, New York. As part of its development programs, the foundation rents out this field to high schools, colleges, and various youth organizations.
Official website here: www.metropolitanoval.org
Who is the CEO of Metropolitan Oval Foundation Inc?
Christopher Welch is the Director of Metropolitan Oval Foundation Inc.
Official website here: www.metropolitanoval.org
What is the revenue of Metropolitan Oval Foundation Inc?
Metropolitan Oval Foundation Inc's revenue in 2022 was $1,714,331.
Official website here: www.metropolitanoval.org
Who are the executives of Metropolitan Oval Foundation Inc and what are their salaries?
The average compensation at Metropolitan Oval Foundation Inc during 2022 was $130,070. There are 6 employees and 8 volunteers at Metropolitan Oval Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $24,366
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.metropolitanoval.org
Where can I find the form 990 for Metropolitan Oval Foundation Inc?
Metropolitan Oval Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metropolitanoval.org
Learn more at the official website: www.metropolitanoval.org
Mission Statement of Metropolitan Oval Foundation Inc
Metropolitan Oval Foundation Inc, a nonprofit organization, is dedicated to promoting, supporting, and fostering the development of Youth Soccer in New York City. Their mission extends beyond just promoting the sport; they actively work towards providing opportunities for young individuals to compete in local, regional, and international amateur soccer tournaments. Additionally, the foundation is committed to preserving and maintaining The Metropolitan Oval, a soccer field located in Maspeth, New York. In line with its mission, the foundation also rents out the field to various high schools, colleges, and youth organizations for their soccer training programs, thereby contributing to the growth and development of youth soccer in the city.
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Impact
October, 2024
Metropolitan Oval Foundation Inc significantly enhances youth soccer in New York City by providing training opportunities for young athletes to compete at local, regional, and international levels. It focuses on developing skills and fostering a competitive spirit among youth, ensuring they have the resources and support necessary to excel in the sport.
The foundation also plays a crucial role in preserving and maintaining the historic Metropolitan Oval field in Maspeth, New York, which serves as a vital training and competition venue. By renting this field to high schools, colleges, and various youth organizations, it creates accessible spaces for young players to hone their skills and engage in structured soccer programs.
In addition to its impact on individual athletes, the foundation cultivates a sense of community through soccer, bringing together diverse groups and encouraging teamwork and camaraderie. Through these initiatives, Metropolitan Oval Foundation Inc is not only shaping the future of youth soccer in NYC but also contributing to the overall growth of healthy, active lifestyles among young people.
This information is meant to be a general summary of Metropolitan Oval Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $671
- Program Service Revenue: $1,472,456
- Gross Receipts: $1,714,331
Assets and Liabilities:
- Total Assets: $2,289,775
- Total Liabilities: $1,091,299
- Net Assets: $1,198,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Field Rental
Revenue
$55,400
Player Fees
Revenue
$1,417,056
Organization Details
Founding Year
1998
Phone
(212) 336-3504Principal Officer
Christopher Welch
Main Address
238 Berkeley Place, Brooklyn, NY, 11217
Website
www.metropolitanoval.orgNTEE Category
Code: N30 - Recreation
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