Civic Intelligence

Rays Baseball Foundation Inc.

990 • Fiscal year 2023 • EIN 20-4103240

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 09, 2024

Tropicana Field One Tropicana DrivSt Petersburg, FL 33705

(727) 825-3145

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.09x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.08x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

37th percentile

-0.5%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

37th percentile

1.4%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

72%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,837,065

Up $37,918 (+1.4%) from 2022

Net Assets

Down

$2,570,727

Down $165,727 (-6.1%) from 2022

Liabilities

Up

$266,338

Up $203,645 (+325%) from 2022

Revenue

Up

$3,156,321

Up $1,320,922 (+72%) from 2022

Expenses

Up

$3,171,537

Up $1,515,419 (+92%) from 2022

Net Income

Down

-$15,216

Down $194,497 (-108%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $2,556,375Liabilities 2011: $6,143Net Assets 2011: $2,550,2322011Assets 2012: $3,217,170Liabilities 2012: $767,806Net Assets 2012: $2,449,3642012Assets 2013: $3,660,443Liabilities 2013: $747,793Net Assets 2013: $2,912,6502013Assets 2014: $3,830,943Liabilities 2014: $582,691Net Assets 2014: $3,248,2522014Assets 2015: $3,614,921Liabilities 2015: $510,122Net Assets 2015: $3,104,7992015Assets 2016: $3,355,844Liabilities 2016: $144,897Net Assets 2016: $3,210,9472016Assets 2017: $3,727,508Liabilities 2017: $65,201Net Assets 2017: $3,662,3072017Assets 2018: $3,611,691Liabilities 2018: $20,442Net Assets 2018: $3,591,2492018Assets 2019: $4,005,782Liabilities 2019: $146,917Net Assets 2019: $3,858,8652019Assets 2020: $2,825,787Liabilities 2020: $238,872Net Assets 2020: $2,586,9152020Assets 2021: $2,969,603Liabilities 2021: $148,934Net Assets 2021: $2,820,6692021Assets 2022: $2,799,147Liabilities 2022: $62,693Net Assets 2022: $2,736,4542022Assets 2023: $2,837,065Liabilities 2023: $266,338Net Assets 2023: $2,570,7272023Assets 2024: $2,802,158Liabilities 2024: $341,891Net Assets 2024: $2,460,2672024

Highlighted filing

2023

Assets$2,837,065
Liabilities$266,338
Net Assets$2,570,727

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $533,2522011Expenses 2012: $818,8512012Revenue 2013: $1,154,224Expenses 2013: $690,938Net Income 2013: $463,2862013Revenue 2014: $1,056,872Expenses 2014: $750,978Net Income 2014: $305,8942014Revenue 2015: $910,123Expenses 2015: $1,130,677Net Income 2015: -$220,5542015Revenue 2016: $772,931Expenses 2016: $862,526Net Income 2016: -$89,5952016Revenue 2017: $1,252,447Expenses 2017: $979,883Net Income 2017: $272,5642017Revenue 2018: $1,132,064Expenses 2018: $1,131,576Net Income 2018: $4882018Revenue 2019: $1,482,509Expenses 2019: $1,512,157Net Income 2019: -$29,6482019Revenue 2020: $827,098Expenses 2020: $1,982,166Net Income 2020: -$1,155,0682020Revenue 2021: $1,326,381Expenses 2021: $1,366,134Net Income 2021: -$39,7532021Revenue 2022: $1,835,399Expenses 2022: $1,656,118Net Income 2022: $179,2812022Revenue 2023: $3,156,321Expenses 2023: $3,171,537Net Income 2023: -$15,2162023Revenue 2024: $2,707,432Expenses 2024: $3,107,778Net Income 2024: -$400,3462024

Highlighted filing

2023

Revenue$3,156,321
Expenses$3,171,537
Net Income-$15,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 9, 2024
Return Version
2023v5.1
Gross Receipts
$5,133,009
Mission and Program Overview

Mission

The rays baseball foundation, which includes the rowdies soccer fund, is dedicated to improving the lives of those in need within our community, focusing primarily on education, youth development, wellness and social responsibility.

To support youth development, wellness, and education programs in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,003,335$1,302,533▲ $299,198
Investments in Publicly Traded Securities$1,313,998$1,242,793▼ $71,205
Cash and Non-Interest-Bearing Accounts$296,670$177,163▼ $119,507
Prepaid Expenses and Deferred Charges$28,500$65,000▲ $36,500
Accounts Receivable$42,266$31,342▼ $10,924
Land, Buildings, and Equipment, Net$13,816$13,369▼ $447
Pledges and Grants Receivable$100,562$4,865▼ $95,697
Total Assets$2,799,147$2,837,065▲ $37,918
Liabilities
Accounts Payable and Accrued Expenses$62,693$241,338▲ $178,645
Grants Payable-$25,000-
Total Liabilities$62,693$266,338▲ $203,645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,700,173$2,539,006▼ $161,167
Net Assets With Donor Restrictions$36,281$31,721▼ $4,560
Total Net Assets Fund Balance$2,736,454$2,570,727▼ $165,727
Total Liabilities and Net Assets / Fund Balance$2,799,147$2,837,065▲ $37,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,369$47,740$61,109
Compensation and Service Providers

Board Members and Trustees

NameTitle
John HigginsChairman/secretary/treasur
Bill WienerPresident
Jennifer TranVice President
Brian AuldDirector
Gary GoldringDirector
Matthew SilvermanDirector
Stephen ThomasDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bump Worldwide INCTechnology For 50/50 Raffle145 RICHMOND RD, Ottawa, ONTARIO, Ca$204,078
Revenue and Support

Revenue Composition

Contributions and Grants
$1,206,876
Program Service Revenue
$0
Investment Income
$213,103
Other Revenue
$1,736,342
All Other Contributions
$1,198,737
Change in Net Assets
$-15,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,155,827
Revenue Not Reported on Financial Statements
$494
Revenue Not Reported on Form 990
$163,891
Other Revenue Adjustments
$494
Total Revenue per Audited Statements
$3,319,718
Total Revenue per Form 990
$3,156,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,420,385
Other Expenses$751,152
Total Fundraising Expense$435,034
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,420,385--$2,420,385
Other Expenses--$403,759$403,759
Office Expenses$147,322$4,169$21,814$173,305
Conferences and Meetings$88,510--$88,510
Fees for Services Accounting-$33,410-$33,410
Fees for Services Other$20,655--$20,655
Advertising$13,895$2,500-$16,395
Depreciation Depletion-$3,966$9,461$13,427
Travel$1,463--$1,463
All Other Expenses-$228-$228
Total Functional Expenses$2,692,230$44,273$435,034$3,171,537

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,239,869
Total Expenses per Form 990$3,171,537
Expenses per Audited Statements$3,171,043
Expenses Not Reported on Form 990$68,826
Expenses Not Reported on Financial Statements$494
Other Expense Adjustments$494
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charlotte Community FoundationPunta Gorda, FL501(c)(3)Hurricane/disaster Relief$500,000
United Way of Charlotte County IncPort Charlotte, FL501(c)(3)Hurricane/disaster Relief$250,000
Feeding America Tampa BayTampa, FL501(c)(3)Partnership Grant & Hurricane/disaster Relief Grant$150,000
Team RubiconLos Angeles, CA501(c)(3)Hurricane/disaster Relief$100,000
Big Brothers Big Sisters of Tampa BayTampa, FL501(c)(3)Partnership Grant$60,000
Mental Health for Heroes IncClearwater, FL501(c)(3)Reliever Grant$60,000
Hillsborough Education FoundationTampa, FL501(c)(3)Reliever Grant, Partnership Grant & Scholarship$52,660
Harry Chapin Food Bank of Southwest Florida IncFort Myers, FL501(c)(3)Hurricane/disaster Relief$50,000
Pinellas Education FoundationLargo, FL501(c)(3)Educational Storefronts & Scholarships$50,000
American Heart AssociationPrescott, AZ501(c)(3)Partnership Grant$40,000
Starting Right NowTampa, FL501(c)(3)Partnership Grant$40,000
Good Sports IncBraintree, MA501(c)(3)Youth Sports/rbi Program$35,000
Ronald Mcdonald HouseTampa, FL501(c)(3)Partnership Grant & Reliever Grant$35,000
The Poynter InstituteSt Petersburg, FL501(c)(3)Partnership Grant$35,000
Als Association Fl ChapterTampa, FL501(c)(3)Partnership Grant & Reliever Grant$30,000
Dr Carter G Woodson African American Museum IncSt Petersburg, FL501(c)(3)Partnership Grant & Reliever Grant$30,000
Pinellas County Urban LeagueSt Petersburg, FL501(c)(3)Partnership Grant$30,000
CHILDREN'S DREAM FUNDSt Petersburg, FL501(c)(3)Reliever Grant$26,000
Crisis Center of Tampa BayTampa, FL501(c)(3)Partnership Grant & Player Campaign Match$25,500
Junior AchievementTampa, FL501(c)(3)Partnership Grant$25,000
St Petersburg College Foundation IncSt Petersburg, FL501(c)(3)Scholarship & Racial Equity Grant$25,000
Tampa Bay Watch IncTierra Verde, FL501(c)(3)Partnership Grant$25,000
Police Athletic League of St PetersburgSt Petersburg, FL501(c)(3)Racial Equity Grant & Reliever Grant$21,500
Academy Prep Center of St PetersburgSt Petersburg, FL501(c)(3)Scholarship$20,000
Academy Prep Center of TampaTampa, FL501(c)(3)Scholarship$20,000
Academy Prep LakelandLakeland, FL501(c)(3)Scholarship$20,000
Community Tampa BaySt Petersburg, FL501(c)(3)Partnership Grant$20,000
Pro Youth Foundation IncPalmetto, FL501(c)(3)Youth Sports/rbi Program$20,000
United Negro College Fund IncWashington, DC501(c)(3)Racial Equity Grant$20,000
United Way of Suncoast IncTampa, FL501(c)(3)Racial Equity Grant$20,000
University Area CdcTampa, FL501(c)(3)Racial Equity Grant$20,000
CHILDREN'S CANCER CENTERTampa, FL501(c)(3)Player Campaign Match$18,600
All Sports & Academic Program IncThonotassa, FL501(c)(3)Partnership Grant$15,000
Boys & Girls Clubs of SuncoastClearwater, FL501(c)(3)Partnership Grant$15,000
Burg Baseball IncSt Petersburg, FL501(c)(3)Partnership Grant$15,000
CasaSt Petersburg, FL501(c)(3)Partnership Grant$15,000
Pasco Education FoundationLand O Lakes, FL501(c)(3)Scholarship$15,000
Take Stock in Children of ManateePalmetto, FL501(c)(3)Scholarship$15,000
Take Stock in Children of Sarasota County IncSarasota, FL501(c)(3)Scholarship$15,000
Buddy Baseball IncTemple Terrace, FL501(c)(3)Partnership Grant$14,900
The V Foundation Dick Vitale GalaSarasota, FL501(c)(3)Reliever Grant$12,500
Selah Freedom IncSarasota, FL501(c)(3)Mlb Program Grants$12,000
St Vincent De Paul CaresSt Petersburg, FL501(c)(3)Mlb Program Grants & Reliever Grant$11,000
American Cancer Society IncKennesaw, GA501(c)(3)Reliever Grant$10,000
City of St PetersburgSt Petersburg, FLGovernmentPartnership Grant$10,000
Florida Holocaust MuseumSt Petersburg, FL501(c)(3)Partnership Grant & Reliever Grant$10,000
Frameworks of Tampa Bay IncTampa, FL501(c)(3)Partnership Grant$10,000
Gulf Coast Jewish Family & Community ServicesClearwater, FL501(c)(3)Partnership Grant$10,000
Learn Tampa Bay IncPlant City, FL501(c)(3)Community Fund Grant$10,000
Operation Helping Hand IncTampa, FL501(c)(3)Mlb Program Grants$10,000
Tampa Bay WaveTampa, FL501(c)(3)Partnership Grant$10,000
Crohns & Colitis FoundationSaint Cloud, FL501(c)(3)Partnership Grant$7,500
Dawning Family ServicesTampa, FL501(c)(3)Community Fund Grant & Reliever Grant$7,500
Evergreen Life ServicesLargo, FL501(c)(3)Community Fund Grant & Reliever Grant$7,500
Old Florida FederationTampa, FL501(c)(3)Reliever Grant$7,500
Tampa Metropolitan Area YmcaTampa, FL501(c)(3)Partnership Grant$7,500
Ymca of Greater St PetersburgSt Petersburg, FL501(c)(3)Partnership Grant$7,500
Ymca of the SuncoastClearwater, FL501(c)(3)Partnership Grant$7,500
Tampa Bay Times Newspaper in EducationSt Petersburg, FL501(c)(3)Reading With the Rays$6,500
Baseball for All IncPasadena, CA501(c)(3)Reliever Grant$5,900
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$3,528,576
Gaming Direct Expenses$1,792,234
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

Rays baseball foundation, inc. Does not have any committees, so there are no meetings to document other than the board of directors meeting.

Form 990, Part VI, Section B, Line 11B

An electronic draft of form 990 is distributed via email to the board to review prior to filing the final version with the irs. One board member will be responsible for signing the final form 990. The final form 990 will be distributed to the board electronically and retained by the finance department.

Form 990, Part VI, Section B, Line 12C

The standard of behavior at the rays baseball foundation is that all board members, volunteers and associates scrupulously avoid any conflict of interest between the interests of the rays baseball foundation on one hand, and personal, familial, professional, and business interests on the other. This includes avoiding actual conflicts of interest as well as perceived conflicts of interest. The purposes of the policy is to protect the integrity of our organization's decision-making processes, to enable our customers and other partners to have confidence in our integrity, and to protect the integrity and reputation of our board of directors, volunteers and key associates. Upon or before election, or appointment, a full written disclosure of interests, relationships and holdings that could potentially result in a conflict of interest is required. This written disclosure is kept on file and is updated as necessary and at least on an annual basis. In the course of meetings or activities, disclosure of any interests in a transaction or decision where anyone (including business or other nonprofit affiliation, family and/or significant other, employer or close associates) could appear to receive a benefit or gain is discussed. It is understood the party will be asked to leave the room for the discussion and will not be permitted to vote on the question.

Form 990, Part VI, Section C, Line 19

The foundation's governing documents, conflict of interest policy, and financial statements are not made available to the public as disclosure of such documents is not required by law.

Filing and Contact Details

Filer

Filer Name
Rays Baseball Foundation Inc
EIN
20-4103240
Phone
7278253145
Address
TROPICANA FIELD ONE TROPICANA DRIV, ST PETERSBURG, FL 33705

Signing Officer

Name
John Higgins
Title
Chairman/secretary/treasurer
Phone
7278253145
Signed
2024-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Higgins
Formed
2005
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
1
Employees
0
Volunteers
45

Preparer

Firm
Cbiz Advisors LLC
Address
700 WEST 47TH STREET SUITE 1100, KANSAS CITY, MO 64112
Preparer
Lisa Burke
Phone
8169455500
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 1, LINE J:

The website for rays baseball foundation is: https://www.mlb.com/rays/community/

FORM 990, PART V, LINE 2A:

The rays baseball foundation is run by volunteers who are employees of rays baseball club llc, a disregarded entity of tampa bay rays baseball ltd, a related for-profit partnership (see schedule r). Rays baseball club compensates the employees and donates their time on an in-kind basis to the rays baseball foundation thus no compensation is reported by rays baseball foundation, inc.

FORM 990, PART XI, LINE 9:

Ppa - income tax accrual -245,576.

FORM 990, PART XII, LINE 2C:

The board of directors is responsible for the selection of the foundation's independent accountant and oversight of the financial statement audit. The board votes on the accountant every year before the audit is engaged. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation is a not-for-profit corporation organized under the laws of the state of florida and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. As such, the foundation is subject to income taxes on its unrelated business income, which is primarily income from gaming activities at fundraising events. Unrelated business income tax is reported net of fundraising events revenue in the accompanying statements of activities. For the years ended december 31, 2023 and 2022, federal and state unrelated business income tax was approximately $404,000 and $246,000, respectively. The internal revenue code provides for taxation of unrelated business income under certain circumstances. However, such status is subject to final determination upon examination of the related income tax returns by the appropriate taxing authorities. The foundation follows the guidance provided for in financial accounting standards board ("fasb") accounting standards codification ("asc") topic 740, income taxes. The guidance provided by asc topic 740 includes accounting requirements relating to uncertainty in income taxes. As of december 31, 2023, management does not believe it has taken any tax positions that are subject to a significant degree of uncertainty. When applicable, the foundation's policy is to recognize interest and penalties associated with uncertain tax positions as a component of tax expense. No penalties or interest were recognized in 2023 or 2022. The foundation's income tax filings are subject to examination by the internal revenue service generally for three years after they were filed. Tax filings for years after 2019 remain open for examination.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses net with revenue in the audit report 494.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses net with revenue in the audit report 494.

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IRS990/Form990PartVIISectionAGrp/PersonNm1BILL WIENER
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IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW SILVERMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm5GARY GOLDRING
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MissionDesc0THE RAYS BASEBALL FOUNDATION, WHICH INCLUDES THE ROWDIES SOCCER FUND, IS DEDICATED TO IMPROVING THE LIVES OF THOSE IN NEED WITHIN OUR COMMUNITY, FOCUSING PRIMARILY ON EDUCATION, YOUTH DEVELOPMENT, WELLNESS, AND SOCIAL RESPONSIBILITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FOLLOWING THE AFTERMATH OF THE DESTRUCTION CAUSED BY HURRICANE IAN, THE FOUNDATION COMMITTED $1,000,000 TO RECOVERY EFFORTS FOR THOSE DIRECTLY IMPACTED BY COLLABORATING WITH COMMUNITY PARTNERS AND NONPROFIT ORGANIZATIONS WITH EXPERTISE IN DELIVERING AID.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE RAYS BASEBALL FOUNDATION AWARDED $195,000 IN SCHOLARSHIPS THROUGH NONPROFIT PARTNERS FOR STUDENTS IN HILLSBOROUGH, PINELLAS, PASCO, MANATEE, AND SARASOTA COUNTIES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0RAYS JERSEY PROGRAMSINCE 2014, THE RAYS JERSEY PROGRAM HAS OUTFITTED MORE THAN 95,000 TAMPA BAY AREA TEE-BALL PLAYERS AND COACHES WITH JERSEYS AND CAPS. THE PROGRAM COVERS MORE THAN 80 DIFFERENT LEAGUES IN NINE AREA COUNTIES AND HAS SAVED THE LEAGUES MORE THAN $1 MILLION DOLLARS IN EQUIPMENT COSTS. AS A RESULT OF THESE SAVINGS, OFFICIALS FROM SOME OF THE PARTICIPATING LEAGUES HAVE NOTED THAT THEY NOW HAVE THE ABILITY TO PASS THESE SAVINGS ALONG TO PARTICIPANT FAMILIES. THEY HAVE ALSO BEEN ABLE TO REPAIR THEIR SCOREBOARDS, PROVIDE UPGRADES TO DUGOUTS, ADD FENCING FOR FIELDS, PURCHASE ADDITIONAL EQUIPMENT AND GROUNDS CREW SUPPLIES AND REPAIR CONCESSION STANDS AND OTHER AREAS OF THEIR FACILITIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1BIG GAME JAMES CLUBTHE BIG GAME JAMES CLUB, FORMERLY KNOWN AS THE HOME RUN CLUB, CONTINUES TO OFFER A SENSE OF STABILITY AND BELONGING TO HUNDREDS OF FOSTER CHILDREN AND ADOPTIVE FAMILIES THROUGHOUT TAMPA BAY. EACH SEASON, WITH THE HELP OF FAMILY SUPPORT SERVIES, FAMILY RESOURCES, GUARDIAN AD LITEM, THE HEART GALLERY, READY FOR LIFE AND YOUTH ALTERNATIVES, OVER 500 FOSTER CHILDREN HAVE BECOME CLUB MEMBERS AND ATTENDED A SERIES OF HOME GAMES IN THE SUITE. FURTHERING THE ORGANIZATION'S SUPPORT FOR FOSTER CHILDREN AND FAMILIES, THE BALLPARK ALSO PLAYS HOST TO A PERMANENT HEART GALLERY EXHIBIT, DISPLAYING PROFESSIONAL PORTRAITS AND PERSONAL BIOGRAPHIES OF CHILDREN WAITING TO BE ADOPTED. THE TEAM ALSO HOSTED 24 FAMILIES FINALIZING THEIR ADOPTIONS AT TROPICANA FIELD.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2READING WITH THE RAYSSINCE 2006, THE RAYS BASEBALL FOUNDATION'S SUMMER READING PROGRAM, READING WITH THE RAYS PRESENTED BY SUNCOAST CREDIT UNION, HAS ENCOURAGED KIDS TO AVOID SUMMER READING LOSS BY PARTICIPATING IN A FUN AND INTERACTIVE READING PROGRAM OVER THE SUMMER MONTHS. MORE THAN 500,000 TAMPA BAY AREA STUDENTS FROM NINE SURROUNDING COUNTIES HAVE PARTICIPATED SINCE ITS INCEPTION. THE PROGRAM IS MADE POSSIBLE THROUGH A PARTNERSHIP WITH THE TAMPA BAY TIMES NEWSPAPER IN EDUCATION, THE RAYS AND PUBLIC LIBRARY SYSTEMS IN CHARLOTTE, CITRUS, HERNANDO, HILLSBOROUGH, MANATEE, PASCO, PINELLAS, POLK AND SARASOTA COUNTIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3TEAM SMILE:SINCE 2018, THE RAYS HAVE PARTNERED WITH TEAM SMILE, AN ADVOCACY GROUP THAT PARTNERS DENTAL PROFESSIONALS WITH PROFESSIONAL ATHLETIC ORGANIZATIONS TO PROVIDE LIFE-CHANGING DENTAL CARE TO UNDERSERVED CHILDREN IN THEIR COMMUNITIES. IN 2018-19, THE RAYS HOSTED MORE THAN 400 CHILDREN FROM THE BOYS & GIRLS CLUBS OF THE SUNCOAST AND LOCAL FOSTER CARE GROUPS FOR A FREE DENTAL DAY AT TROPICANA FIELD. IN 2023, TEAM SMILE PROVIDED FREE DENTAL CARE TO CHILDREN FROM CAMPBELL PARK ELEMENTARY AND JOHN HOPKINS MIDDLE SCHOOL. THE CHILDREN RECEIVED DENTAL WORK COMPLETELY FREE OF CHARGE, INCLUDING X-RAYS, SCREENING AND EDUCATIONAL MATERIAL ON HOW TO PROTECT THEIR TEETH. THE VALUE OF CARE PROVIDED SINCE 2018 HAS TOTALED NEARLY $225,000.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4ROWDIESTHE ROWDIES SOCCER FUND IS DEDICATED TO IMPROVING THE LIVES OF THOSE IN NEED WITHIN OUR COMMUNITY, FOCUSING PRIMARILY ON EDUCATION, YOUTH DEVELOPMENT, WELLNESS AND SOCIAL RESPONSIBILITY. THROUGH PROGRAMMING AND NONPROFIT GIVING THE ROWDIES SOCCER FUND STRIVES TO ENERGIZE OUR COMMUNITY THROUGH THE MAGIC OF ROWDIES SOCCER.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5WEEK OF GIVINGDURING THE WEEK OF DECEMBER 11TH, THE FOUNDATION SHARED THE MAGIC OF RAYS BASEBALL AND ROWDIES SOCCER WITH A WEEK OF HOLIDAY DONATIONS AND EVENTS FOR LOCAL NONPROFITS AND FAMILIES IN NEED THIS HOLIDAY SEASON. STAFF VOLUNTEERED AT FEEDING TAMPA BAY, AND METROPOLITAN MINISTRIES TAMPA. THE FRONT OFFICE HOSTED A TOY DRIVE AND DONATED HUNDREDS OF TOYS TO THE HISPANIC SERVICE COUNCIL. IN CONJUNCTION WITH GOOD SPORTS, THE CLUB DONATED SPORTS EQUIPMENT TO CHARLOTTE HIGH SCHOOL. STAFF MEMBERS FROM THE RAYS, ROWDIES, AND BAYFRONT HEALTH ASSEMBLED CARE PACKAGES WITH OPERATION MILITARY MATTERS FOR MILITARY MEMBERS OVERSEAS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc6STEMRAYS BASEBALL OPERATIONS STAFF TAUGHT STEM CURRICULUM AT ACADEMY PREP CAMPUSES IN LAKELAND, TAMPA AND ST. PETERSBURG. ACROSS FIVE DAYS AT EACH CAMPUS, STAFF MEMBERS TAUGHT OVER 1,400 HOURS OF LESSONS FROM THE RAYS SCIENCE OF BASEBALL PROGRAM, WHICH INCLUDES SUBJECTS SUCH AS GEOMETRY, PHYSIOLOGY AND STATISTICS. THE PROGRAM CULMINATED WITH A CAREER DAY AT TROPICANA FIELD.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE FOUNDATION QUALIFIES AS PUBLICLY SUPPORTED UNDER THE 10% FACTS AND CIRCUMSTANCES TEST BASED ON THE FOLLOWING CRITERIA:1. PUBLIC SUPPORT IS GREATER THAN 10%.2. THE FOUNDATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS AND MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITING FUNDS.3. THE PERTINENT FACTS BELOW INDICATE THAT THE FOUNDATION IS PUBLICLY SUPPORTED.A. THE 10% TEST IS SATISFIED BY SUPPORT FROM A NUMBER OF UNRELATED DONORS.B. THE BOARD OF DIRECTORS REPRESENTS THE BROAD INTEREST OF THE PUBLIC.C. MEMBERS OF THE PUBLIC PARTICIPATE AND/OR SPONSOR THE PROGRAMS OF THE ORGANIZATION.D. THE FOUNDATION PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUOUS BASIS.E. THE FOUNDATION MAINTAINS DEFINITIVE PROGRAMS FOR ACCOMPLISHING ITS CHARITABLE WORK IN THE COMMUNITY. SEE FORM 990, PART III, FOR THE DESCRIPTIONS OF THE VARIOUS PROGRAM SERVICES OFFERED BY THE FOUNDATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ITS UNRELATED BUSINESS INCOME, WHICH IS PRIMARILY INCOME FROM GAMING ACTIVITIES AT FUNDRAISING EVENTS. UNRELATED BUSINESS INCOME TAX IS REPORTED NET OF FUNDRAISING EVENTS REVENUE IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, FEDERAL AND STATE UNRELATED BUSINESS INCOME TAX WAS APPROXIMATELY $404,000 AND $246,000, RESPECTIVELY. THE INTERNAL REVENUE CODE PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. HOWEVER, SUCH STATUS IS SUBJECT TO FINAL DETERMINATION UPON EXAMINATION OF THE RELATED INCOME TAX RETURNS BY THE APPROPRIATE TAXING AUTHORITIES. THE FOUNDATION FOLLOWS THE GUIDANCE PROVIDED FOR IN FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES. THE GUIDANCE PROVIDED BY ASC TOPIC 740 INCLUDES ACCOUNTING REQUIREMENTS RELATING TO UNCERTAINTY IN INCOME TAXES. AS OF DECEMBER 31, 2023, MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. WHEN APPLICABLE, THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS A COMPONENT OF TAX EXPENSE. NO PENALTIES OR INTEREST WERE RECOGNIZED IN 2023 OR 2022. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. TAX FILINGS FOR YEARS AFTER 2019 REMAIN OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NET WITH REVENUE IN THE AUDIT REPORT 494.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NET WITH REVENUE IN THE AUDIT REPORT 494.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/ExplanationIfNoTxt0GAMES CONSIST OF RAFFLE DRAWINGS AND RAFFLE SCRATCH-OFFS, BOTH OF WHICH ARE NOT CARD GAMES AND DO NOT REQUIRE STATE LICENSURE.
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IRS990ScheduleG/GamingManagerCompensationAmt00
IRS990ScheduleG/GamingManagerPersonNm0WILLIAM WETZEL
IRS990ScheduleG/GamingManagerServicesProvTxt0SEE PART IV
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0REBECCA RAY
IRS990ScheduleG/LicensedInd00
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0ONE TROPICANA DR
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0ST PETERSBURG
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0FL
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd033705
IRS990ScheduleG/StatesWhereGamingConductedCd0FL
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0THE GAMING MANAGER IS AN EMPLOYEE OF RAYS BASEBALL CLUB LLC. SERVICES ARE PROVIDED TO THE FOUNDATION ON AN IN-KIND BASIS. WILLIAM WETZEL SERVES AS MANAGER OF COMMUNITY DEVELOPMENT. THE MANAGER OVERSEES THE OPERATIONS OF ALL FOUNDATION FUNDRAISERS.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED:
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.34$2.46$2.71$3.11$0.40
2023Detailed filing. Detailed filing data is available for this year.$2.84$0.27$2.57$3.16$3.17$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.06$2.74$1.84$1.66$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.97$0.15$2.82$1.33$1.37$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.83$0.24$2.59$0.83$1.98$1.16
2019Detailed filing. Detailed filing data is available for this year.$4.01$0.15$3.86$1.48$1.51$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.61$0.02$3.59$1.13$1.13$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.73$0.07$3.66$1.25$0.98$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.36$0.14$3.21$0.77$0.86$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.61$0.51$3.10$0.91$1.13$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.83$0.58$3.25$1.06$0.75$0.31
2013Detailed filing. Detailed filing data is available for this year.$3.66$0.75$2.91$1.15$0.69$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.77$2.45$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.01$2.55$0.53