Overview
What is Padres Foundation?
The Padres Foundation, in conjunction with the San Diego Padres, is a nonprofit organization based in San Diego, California. Their primary focus lies in funding initiatives related to children's health, education, fitness, and youth baseball/softball. The foundation operates through various activities, such as organizing youth baseball camps that directly benefit the foundation. In 2022, 1,157 participants participated in these camps. In addition, the Padres Foundation collaborates with the San Diego Padres to put on an annual event called Fan Fest, which includes a garage sale of unique baseball memorabilia and equipment, with all proceeds directly benefiting the foundation. They also host a fundraising event featuring a seated dinner, live entertainment, and a live auction. The Padres Foundation's mission extends beyond sports, as they also aim to serve the community in the areas of first responders and the military. Their work is a significant source of funding for the Padres Club's outreach initiatives in these areas.
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The Padres Foundation has received a solid rating of 77%, demonstrating a commendable level of accountability and financial health. This score highlights the organization's commitment to maintaining transparent operations and effective governance, as evidenced by its perfect scores in independent board composition and conflict of interest policies.
One of the foundation's strengths is its high program expense ratio of 85.66%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 14.23%, further reflecting its sound financial management practices.
While the foundation has established robust policies and shows strong financial health, the single beacon score may limit the assessment of its overall impact and effectiveness in fulfilling its mission. Future evaluations could benefit from a broader examination of its programmatic outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Padres Foundation legitimate?
Padres Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Padres Foundation 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
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
What is the mission statement of Padres Foundation?
The Padres Foundation, a primary funder of the Padres Club's community initiatives, is committed to serving the community in areas such as children's health, education, youth baseball/softball, first responders, and the military. In alignment with the San Diego Padres, the foundation organizes youth baseball camps, with proceeds directly benefiting their initiatives. They also collaborate with the Padres for events like Fan Fest, where unique baseball memorabilia and equipment are sold to raise funds. Annual fundraising events, featuring a seated dinner and live auction, further contribute to their mission, with proceeds supporting the foundation's goals.
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
Who is the CEO of Padres Foundation?
Tom Seidler is the President/ Director of Padres Foundation. The CEO's salary of Padres Foundation is $0 and their total compensation is $0.
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
What is the revenue of Padres Foundation?
Padres Foundation's revenue in 2022 was $2,536,332.
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
Who are the executives of Padres Foundation and what are their salaries?
There 350 volunteers at Padres Foundation.
Here are 3 key members and their salaries (Padres Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
Where can I find the form 990 for Padres Foundation?
Padres Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sandiego.padres.mlb.com/sd/community/padre
Learn more at the official website: www.sandiego.padres.mlb.com/sd/community/padre
Mission Statement of Padres Foundation
The Padres Foundation, a significant funding source for the Padres Club's community initiatives, is dedicated to serving the community in various sectors. Its primary areas of focus include children's health, education, youth baseball/softball, and first responders and the military. The foundation, in conjunction with the San Diego Padres, actively engages in initiatives that align with these areas.
One of the primary ways the Padres Foundation carries out its mission is through youth baseball camps. These camps not only provide an enjoyable experience for the participants but also generate funds directly for the foundation. In 2022, a total of 1,157 children participated in these camps. The foundation also collaborates with the San Diego Padres to organize Fan Fest, an annual event that raises funds for the foundation. The foundation conducts a garage sale of unique baseball memorabilia and equipment, with all proceeds benefiting the organization. Additionally, the San Diego Padres and the Padres Foundation host a fundraising event featuring a seated dinner, live entertainment, and a live auction. The net proceeds from these events contribute significantly to the Padres Foundation's efforts.
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Impact
July, 2024
The Padres Foundation has a significant impact on the community by supporting children's health, education, youth baseball/softball, first responders, and the military. Through various initiatives such as youth baseball camps, fan fest events, fundraising dinners, and auctions, the foundation raises funds to directly benefit these important causes. In 2022 alone, over 1,000 participants were engaged in the baseball camps, and proceeds from events like the fan fest and fundraising dinners go towards supporting the foundation's mission. This proactive approach to philanthropy allows the Padres Foundation to make a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Padres Foundation. 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.
- Gross Receipts: $5,263,042
Assets and Liabilities:
- Total Assets: $3,961,899
- Total Liabilities: $230,084
- Net Assets: $3,731,815
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Organization Details
Founding Year
2016
Phone
(619) 795-5000Principal Officer
Tom Seidler
Main Address
100 PARK BLVD, SAN DIEGO, CA, 92101
NTEE Category
Code: T12 - Philanthropy
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