Overview
What is New York Yankees Tampa Foundation Inc?
The New York Yankees Tampa Foundation Inc, established in Florida, is a charitable organization with a mission to assist non-profit entities that cater to the needs of the Tampa Bay community. This foundation primarily makes cash contributions to these organizations, aiming to provide essential support within the area. The organization's purpose, as stated in its formation, encompasses promoting, organizing, and holding amateur athletic events, but its primary focus lies in charitable contributions. With this vision, the New York Yankees Tampa Foundation Inc works tirelessly to uplift and empower those in need within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The New York Yankees Tampa Foundation Inc has received an 86% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This rating is derived from a comprehensive evaluation of various metrics, all contributing to a single beacon score focused on financial integrity. An 86% score indicates a reliable financial structure and governance practices, particularly in how resources are allocated and managed.
The organization demonstrates robust governance with 100% of its board members being independent, which enhances transparency and accountability. Additionally, the foundation has a strong financial oversight mechanism in place, evidenced by its perfect scores in areas such as audit and oversight committee operations and the absence of material diversion of assets. Furthermore, the program expense ratio of 85.89% suggests that a significant portion of its funds is directed towards its mission-driven activities.
While the foundation showcases a solid performance in financial accountability, it is important for potential supporters or beneficiaries to keep in mind that this rating is solely based on financial metrics, without an assessment of programmatic effectiveness or impact. Thus, while the financial health appears strong, further information may be needed to evaluate the foundation's overall program success and community influence.
This AI summary has been generated from information found on Charity Navigator.
Is New York Yankees Tampa Foundation Inc legitimate?
New York Yankees Tampa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Yankees Tampa 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New York Yankees Tampa Foundation Inc?
The New York Yankees Tampa Foundation Inc., established under Florida's laws, was incorporated with the primary purpose of promoting, arranging, and hosting amateur athletic competitions. Additionally, the foundation aims to contribute financially to non-profit organizations that provide support to individuals in need within the Tampa Bay community. The foundation fulfills its mission by making cash contributions to these non-profit organizations.
Who is the CEO of New York Yankees Tampa Foundation Inc?
Derrick Baio is the President/Director of New York Yankees Tampa Foundation Inc.
What is the revenue of New York Yankees Tampa Foundation Inc?
New York Yankees Tampa Foundation Inc's revenue in 2022 was $500,622.
Who are the executives of New York Yankees Tampa Foundation Inc and what are their salaries?
There 18 volunteers at New York Yankees Tampa Foundation Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for New York Yankees Tampa Foundation Inc?
New York Yankees Tampa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York Yankees Tampa Foundation Inc
The New York Yankees Tampa Foundation Inc, established under Florida's laws, is committed to promoting and organizing amateur athletic contests, exhibitions, and competitions. However, its primary mission extends beyond sports. This philanthropic organization aims to contribute financially to non-profit organizations that provide support for individuals in need within the Tampa Bay community. By making cash contributions, the New York Yankees Tampa Foundation Inc plays a significant role in uplifting local communities and assisting those in need.
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Impact
July, 2024
The New York Yankees Tampa Foundation Inc has a significant impact on the Tampa Bay community by providing cash contributions to non-profit organizations that support those in need. The foundation's mission focuses on promoting and arranging amateur athletic contests while also giving back to the community through charitable donations. Through their support, they contribute towards improving the lives of individuals in the Tampa Bay area, making a positive difference in the community.
This information is meant to be a general summary of New York Yankees Tampa 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: $3
- Program Service Revenue: $11,795
- Gross Receipts: $916,130
Assets and Liabilities:
- Total Assets: $846,461
- Total Liabilities: $674,152
- Net Assets: $172,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPRINT TO SPRINT
Revenue
$10,000
FAN MARQUEE
Revenue
$1,795
Organization Details
Founding Year
1993
Phone
(813) 875-7753Principal Officer
Derrick Baio
Main Address
1 STEINBRENNER DRIVE, TAMPA, FL, 33614
NTEE Category
Code: N11 - Recreation
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