Overview
What is Michigan Baseball Foundation Inc?
Michigan Baseball Foundation Inc is a nonprofit organization situated in Midland, Michigan. Its primary objective is to ease the financial burden on local governments in Midland, Bay, and Saginaw counties by significantly reducing the cost associated with procuring and maintaining a professional minor league baseball team and constructing a stadium for the team. The foundation aims to stimulate economic development in Midland's southeast area by establishing the stadium there and supporting existing or proposed infrastructure enhancements in the city and county. In addition, Michigan Baseball Foundation Inc intends to promote amateur baseball and sports in general in these counties by utilizing any surplus operating revenue to boost existing sports programs or launch new ones in local schools or on an extracurricular basis. Lastly, the foundation seeks to create employment opportunities and increase overall income levels in the counties, ultimately contributing to the common good and well-being of the communities and their residents. To achieve these goals, the foundation plans to operate a top-notch minor league baseball facility and events center, fostering creative partnerships and grant programs to support youth organizations.
Official website here: www.michiganbaseballfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Michigan Baseball Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation's score is based on a thorough evaluation of its financial practices, showcasing a high level of transparency and fiscal responsibility, as evidenced by its 95% Accountability & Finance score.
Strengths of the organization include a fully independent board with strong oversight, a robust program expense ratio of 94.86%, and exceptional fundraising efficiency. The organization has no material diversion of assets and maintains a low liabilities to assets ratio, indicating a solid financial foundation. Moreover, the foundation adheres to key governance policies, with most documentation accessible and compliant.
However, the absence of a whistleblower policy is noted as a limitation. While this does not overshadow the organization's overall strong performance, it is an area where improvement could enhance its governance framework. Overall, the Michigan Baseball Foundation Inc demonstrates a commendable commitment to its mission and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Baseball Foundation Inc legitimate?
Michigan Baseball Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Baseball 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: $409,733
For more financial information, click here
Official website here: www.michiganbaseballfoundation.org/
What is the mission statement of Michigan Baseball Foundation Inc?
The Michigan Baseball Foundation aims to stimulate regional economic growth and support youth organizations by establishing creative partnerships and grants. This is achieved by operating an exceptional minor league baseball facility and events center, which reduces the financial burden on local governments. By locating the stadium in a specific area, the foundation promotes development in that region and supports existing and proposed infrastructure improvements. Additionally, the foundation uses any surplus operating revenue to fund existing sports programs or introduce new ones in local schools and communities, ultimately increasing employment opportunities and personal income. The organization's primary goal is to contribute positively to the common good and general welfare of the community.
Official website here: www.michiganbaseballfoundation.org/
Who is the CEO of Michigan Baseball Foundation Inc?
William Stavropoulos is the Chairman, Ce of Michigan Baseball Foundation Inc.
Official website here: www.michiganbaseballfoundation.org/
What is the revenue of Michigan Baseball Foundation Inc?
Michigan Baseball Foundation Inc's revenue in 2022 was $2,041,614.
Official website here: www.michiganbaseballfoundation.org/
Who are the executives of Michigan Baseball Foundation Inc and what are their salaries?
The average compensation at Michigan Baseball Foundation Inc during 2022 was $7,879. There are 52 employees and 35 volunteers at Michigan Baseball Foundation Inc.
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Official website here: www.michiganbaseballfoundation.org/
Where can I find the form 990 for Michigan Baseball Foundation Inc?
Michigan Baseball Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michiganbaseballfoundation.org/
Learn more at the official website: www.michiganbaseballfoundation.org/
Mission Statement of Michigan Baseball Foundation Inc
Michigan Baseball Foundation's mission is centered around fostering regional economic development and supporting youth organizations through strategic partnerships and grants. By operating an exceptional minor league baseball facility and events center, the foundation aims to significantly reduce the financial burden on local governments in their efforts to revitalize and invigorate economic and employment opportunities. This initiative will also promote the development of a specific area of a city, complement existing infrastructure improvements, and enhance amateur sports programs in local schools or on an extracurricular basis. Moreover, the foundation seeks to expand employment opportunities and increase the overall level of personal income in the region, ultimately contributing to the common good and general welfare of the communities and their people.
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Impact
July, 2024
Michigan Baseball Foundation Inc's impact can be seen in the revitalization and economic development of the Midland, Bay, and Saginaw counties in Michigan. By operating a top-tier minor league baseball facility and events center, the foundation has significantly reduced the financial burden on local governments while boosting economic and employment opportunities in the region.
Furthermore, the foundation's support for youth organizations through creative partnerships and grants underscores its commitment to fostering amateur baseball and sports programs in the community. By using excess operating revenues to enhance existing sports programs and introduce new initiatives in local schools, the foundation is directly contributing to the well-being and development of the counties' residents.
Through its mission to promote regional economic growth, support youth organizations, and enhance community infrastructure, Michigan Baseball Foundation Inc is making a tangible and positive impact on the common good and general welfare of the communities it serves.
This information is meant to be a general summary of Michigan Baseball 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: $11,850
- Program Service Revenue: $548,575
- Gross Receipts: $2,205,607
Assets and Liabilities:
- Total Assets: $32,660,328
- Total Liabilities: $2,992,451
- Net Assets: $29,667,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STADIUM RENTAL FEES
Revenue
$513,075
PARKING LOT RENTAL FEES
Revenue
$35,500
Organization Details
Founding Year
2006
Phone
(989) 837-2255Principal Officer
William Stavropoulos
Main Address
825 E MAIN STREET, MIDLAND, MI, 48640
NTEE Category
Code: S30 - Community improvement
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