Overview
What is Washington Nationals Philanthropies?
Washington Nationals Philanthropies is the charitable arm of the renowned baseball team, the Washington Nationals. Established as a successor to the Dream Foundation, this nonprofit entity aims to expand upon the foundation's previous achievements in Washington D.C. Its primary mission revolves around supporting the Youth Baseball Academy, yet it aspires to extend its reach beyond the academy's boundaries, fostering a cohesive platform for civic engagement. This platform aims to harness the energy and generosity of the Nationals fans, players, corporate partners, and community supporters, channeling their philanthropic goals towards Nationals Philanthropies for the betterment of the Washington region. The nonprofit also operates a brick-and-mortar academy, hosting three free youth sports development programs in the 7th and 8th wards of D.C., with a focus on assisting local youth.
Official website here: www.nats4good.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Washington Nationals Philanthropies has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial management and operational transparency. Although the organization scores well in areas like board independence and conflict of interest policies, it fails to meet expectations in critical financial metrics, such as program expense ratio and fundraising efficiency.
The organization allocates only 37.34% of its expenses directly to programs, which raises questions about the impact of its spending. Additionally, the fundraising efficiency ratio suggests that a considerable amount of funds raised goes toward administrative costs rather than the intended philanthropic efforts. The overall liabilities to assets ratio is concerning at 18.94%, indicating potential financial instability.
Despite some strong governance practices, such as having a fully independent board and well-documented policies, the absence of a whistleblower policy is a notable gap in accountability. The relatively high salaries of key personnel may also draw scrutiny, particularly in light of the organization's financial performance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Washington Nationals Philanthropies?
96% of 44 reviewers on Facebook recommend Washington Nationals Philanthropies. Here is a summary of their reviews:
Overall, supporters express strong approval for the organization, highlighting excellent facilities and a well-maintained field. Many mention the positive experience of attending games and appreciate the nonprofit's contributions to the community through its philanthropic efforts.
The sentiment is overwhelmingly positive, with many fans feeling that the organization effectively delivers on its commitment to enhancing community engagement and support. This alignment of their sports efforts with philanthropy resonates well with the public.
This AI summary has been generated from reviews found on Facebook.
Is Washington Nationals Philanthropies legitimate?
Washington Nationals Philanthropies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Nationals Philanthropies 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: $707,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,597,466
For more financial information, click here
Official website here: www.nats4good.org
What is the mission statement of Washington Nationals Philanthropies?
Washington Nationals Philanthropies, serving as the charitable arm of the Washington Nationals baseball team, aims to build upon the foundation's initial decade of success and advance to a more ambitious philanthropic vision. Aligning with the Youth Baseball Academy's work, their mission is to establish a cohesive platform for civic engagement that extends beyond the academy's boundaries. This platform aims to harness the energy and philanthropic goals of the team's players, corporate champions, and community partners, directing philanthropic dollars towards impactful initiatives that contribute to the greater good in the Washington region.
Official website here: www.nats4good.org
Who is the CEO of Washington Nationals Philanthropies?
Tal Alter is the Chairman of Washington Nationals Philanthropies. The CEO's salary of Washington Nationals Philanthropies is $227,955 and their total compensation is $268,609.
Official website here: www.nats4good.org
What is the revenue of Washington Nationals Philanthropies?
Washington Nationals Philanthropies's revenue in 2022 was $3,999,305.
Official website here: www.nats4good.org
Who are the executives of Washington Nationals Philanthropies and what are their salaries?
There 25 volunteers at Washington Nationals Philanthropies.
Here are 22 key members and their salaries (Washington Nationals Philanthropies's CEO's salary is $227,955 and their total compensation is $268,609):
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- Compensation: $227,955
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- Other: $11,844
- Compensation: $105,657
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- Other: $10,209
Official website here: www.nats4good.org
Where can I find the form 990 for Washington Nationals Philanthropies?
Washington Nationals Philanthropies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nats4good.org
Learn more at the official website: www.nats4good.org
Mission Statement of Washington Nationals Philanthropies
Washington Nationals Philanthropies, as the charitable arm of the Washington Nationals, aims to build upon the foundation's successful decade in the region and expand its philanthropic vision. With a more ambitious goal, the organization aspires to continue aligning its efforts with the Youth Baseball Academy while creating a cohesive platform for civic engagement that extends beyond the academy's walls. This enhanced platform aims to harness the energy and philanthropic goals of Nationals players, corporate champions, and community partners, channeling their resources to further promote good within the Washington region. By doing so, Washington Nationals Philanthropies aims to make a significant impact on the community, leveraging the passion and generosity of its supporters to bring about positive change.
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Impact
October, 2024
Washington Nationals Philanthropies makes a significant impact in the Washington, D.C. community through its enhanced philanthropic vision and commitment to youth development. By replacing the former Dream Foundation, it continues a legacy of support that aims to empower local youth, particularly in the 7th and 8th Wards of D.C.
The organization operates a brick-and-mortar youth baseball academy that offers three free sports development programs year-round, providing essential resources and opportunities to young people in the area. These programs focus on fostering athletic skills, teamwork, and personal growth, all while engaging the community in positive ways.
Moreover, Nationals Philanthropies seeks to harness the passion of Nationals fans, alongside the generosity of players and corporate partners, to create a cohesive platform for civic engagement. This collaborative effort extends beyond the academy itself, aiming to drive impactful change across the region. Through strategic investments and community-driven initiatives, Nationals Philanthropies fuels a vision of a better and more equitable Washington, inspiring future generations and enriching the lives of local youth.
This information is meant to be a general summary of Washington Nationals Philanthropies. 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: $56,044
- Program Service Revenue: $1,566,044
- Gross Receipts: $5,637,881
Assets and Liabilities:
- Total Assets: $7,027,954
- Total Liabilities: $1,331,647
- Net Assets: $5,696,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INITIATIVE REVENUE
Revenue
$1,566,044
Organization Details
Founding Year
2005
Phone
(202) 640-7456Principal Officer
Tal Alter
Main Address
1500 S CAPITOL STREET SE, WASHINGTON, DC, 200033599
Website
www.nats4good.orgNTEE Category
Code: O50 - Youth development
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