Overview
What is New York Mets Foundation Inc?
The New York Mets Foundation Inc, located at Citi Field, Flushing, New York, is a charitable organization that contributes to various causes within the community. They grant funds to numerous organizations, including scholarship funds, public parks improvement projects, social service organizations, and other charitable entities. Their mission extends beyond financial support, as they also promote a range of educational, social, and athletic programs, enhancing the well-being of the community as a whole. For more specific details, refer to their schedule O.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (60%)
The New York Mets Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization reports a solid program expense ratio of 96.28%, which suggests that most of its resources are directed toward its mission, it struggles with governance aspects, particularly regarding board independence and transparency.
The foundation currently has no independent board members, which raises concerns about oversight and objectivity. Additionally, critical policies such as a whistleblower policy and document retention procedures are missing, further highlighting governance weaknesses. The absence of a website listed on the tax form and the failure to post its tax documents online also diminish its transparency.
Despite these limitations, the organization has demonstrated a lack of material diversion of assets, indicating financial integrity. To enhance its standing and better serve its mission, the foundation should address its governance issues and improve transparency practices moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is New York Mets Foundation Inc legitimate?
New York Mets Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Mets 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New York Mets Foundation Inc?
The New York Mets Foundation supports and funds a range of educational, social, and athletic programs, as well as other charitable causes. This organization promotes these initiatives by providing grants to various charitable organizations and causes. Their activities aim to benefit the community as a whole, encompassing community organizations, scholarship funds, public park improvement projects, social service organizations, and other organized charities. For more details, one may refer to their scheduled information.
Who is the CEO of New York Mets Foundation Inc?
Alexandra Cohen is the Trustee/ Exec Vp of New York Mets Foundation Inc.
What is the revenue of New York Mets Foundation Inc?
New York Mets Foundation Inc's revenue in 2022 was $9,912.
Who are the executives of New York Mets Foundation Inc and what are their salaries?
There 5 volunteers at New York Mets Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for New York Mets Foundation Inc?
New York Mets Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York Mets Foundation Inc
The New York Mets Foundation is committed to funding and promoting a variety of educational, social, and athletic programs, as well as other charitable causes. This nonprofit organization extends its support to a multitude of charitable organizations and causes, including community organizations, scholarship funds, public parks improvement projects, various social service organizations, and other organized charities that benefit the community as a whole. The New York Mets Foundation aims to contribute positively to the community by providing financial aid and promoting initiatives that foster growth and development.
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Impact
August, 2024
New York Mets Foundation Inc makes a significant impact by providing grants to various charitable organizations and causes that benefit the community as a whole. These grants support community organizations, scholarship funds, public parks improvement projects, social service organizations, and other organized charities. The foundation's mission is to fund and promote educational, social, and athletic programs, as well as other charitable causes, contributing to the well-being of the community.
This information is meant to be a general summary of New York Mets 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: $9,912
- Gross Receipts: $9,912
Assets and Liabilities:
- Total Assets: $1,646,492
- Total Liabilities: $0
- Net Assets: $1,646,492
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Organization Details
Founding Year
1963
Phone
(718) 507-6387Principal Officer
Alexandra Cohen
Main Address
CITI FIELD 41 SEAVER WAY, FLUSHING, NY, 11368
NTEE Category
Code: T30 - Philanthropy
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