Overview
What is Arizona Diamondbacks Foundationinc?
The Arizona Diamondbacks Foundationinc is a charitable organization based in Phoenix, Arizona, with a focus on supporting local causes. Their primary areas of concern include homelessness, indigent healthcare, and various children's programs. The foundation raises funds to address these needs, engaging in initiatives such as renovating youth baseball and softball fields, providing outreach, and supplying necessary equipment. Additionally, they have strategic programs aimed at addressing the needs of specific community members, including veterans, law enforcement personnel, firefighters, and educators.
Official website here: www.mlb.com/dbacks/community
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Arizona Diamondbacks Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and financial management. With a score of 83% in Accountability & Finance and 17% in Culture & Community, the organization demonstrates a strong commitment to using its resources effectively, as evidenced by a high program expense ratio of 99.34%. This suggests that a significant portion of the funds raised is allocated directly to its mission-related activities.
The foundation's liabilities to assets ratio stands at 14.89%, which reflects a manageable level of debt compared to its assets. However, the low fundraising efficiency ratio of $0.01 indicates that the organization spends a substantial amount to raise funds, which may raise concerns about its fundraising practices. Additionally, the working capital ratio of 0.49 years suggests potential challenges in maintaining sufficient liquidity for operations.
Overall, while the Arizona Diamondbacks Foundation showcases strong programmatic spending and effective accountability practices, there are areas for improvement, particularly in fundraising efficiency. These insights can help donors make informed decisions about supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Arizona Diamondbacks Foundationinc legitimate?
Arizona Diamondbacks Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona Diamondbacks Foundationinc 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:
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For more financial information, click here
Official website here: www.mlb.com/dbacks/community
What is the mission statement of Arizona Diamondbacks Foundationinc?
The Arizona Diamondbacks Foundation's mission is centered around supporting three primary areas of need: homelessness, indigent healthcare, and various children's programs. This encompasses initiatives such as education and youth baseball and softball field renovations, outreach, and equipment provision. Additionally, the foundation has established strategic programs aimed at addressing the needs of their community, including those serving veterans, law enforcement personnel, firefighters, and teachers.
Official website here: www.mlb.com/dbacks/community
Who is the CEO of Arizona Diamondbacks Foundationinc?
Derrick Hall is the President of Arizona Diamondbacks Foundationinc.
Official website here: www.mlb.com/dbacks/community
What is the revenue of Arizona Diamondbacks Foundationinc?
Arizona Diamondbacks Foundationinc's revenue in 2022 was $5,515,145.
Official website here: www.mlb.com/dbacks/community
Who are the executives of Arizona Diamondbacks Foundationinc and what are their salaries?
There 650 volunteers at Arizona Diamondbacks Foundationinc.
Here are 15 key members and their salaries:
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Official website here: www.mlb.com/dbacks/community
Where can I find the form 990 for Arizona Diamondbacks Foundationinc?
Arizona Diamondbacks Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mlb.com/dbacks/community
Learn more at the official website: www.mlb.com/dbacks/community
Mission Statement of Arizona Diamondbacks Foundationinc
The Arizona Diamondbacks Foundation, Inc. is committed to supporting three primary areas of need in the community: homelessness, indigent healthcare, and various children's programs. Their mission is to make a significant impact in these areas, extending their support to education and youth baseball and softball initiatives, as well as outreach and equipment provision. In addition to these focus areas, the foundation has established strategic programs that address the varying needs of their community, including those serving veterans, police officers, firefighters, and teachers. The Arizona Diamondbacks Foundation, Inc. is dedicated to enhancing the lives of those in need, demonstrating a broad-ranging approach to community support.
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Impact
July, 2024
The Arizona Diamondbacks Foundation Inc raises funds to support critical areas of need in the community, focusing on homelessness, indigent healthcare, and children's programs. Their strategic programs also extend support to veterans, police, firefighters, and teachers. By granting funds to local charities and engaging in various initiatives, the foundation positively impacts individuals and families by providing essential resources and services. Additionally, their efforts in education and youth baseball and softball field renovations contribute to enhancing the quality of life for community members, demonstrating a commitment to addressing diverse needs and fostering a stronger, more supportive society.
This information is meant to be a general summary of Arizona Diamondbacks Foundationinc. 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: $3,326
- Gross Receipts: $8,078,055
Assets and Liabilities:
- Total Assets: $2,720,830
- Total Liabilities: $405,257
- Net Assets: $2,315,573
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Organization Details
Founding Year
1997
Phone
(602) 462-6500Principal Officer
Derrick Hall
Main Address
401 E JEFFERSON STREET, PHOENIX, AZ, 85004
Website
www.mlb.com/dbacks/communityNTEE Category
Code: A57 - Arts
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