Form 990 for tax year 2022

Totals

Total revenue

$2,758,776

Total expenses

$3,422,600

Contributions and grants received

$1,420,251

Grants paid

$439,089

Program service revenue

$0

Investment income

$32,801

Other revenue

$1,305,724

Total assets, end of year

$7,788,183

Total liabilities, end of year

$578,416

Net assets or fund balances, end of year

$7,209,767

Program services expenses (Part IX)

$2,824,098

Management and general expenses

$95,753

Fundraising expenses

$502,749

Program service expenses (Part III)

$2,824,098

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• THE P&G MLB CINCINNATI REDS YOUTH ACADEMY WAS ESTABLISHED IN 2009 AND OPERATED FOR FIVE YEARS AT A TEMPORARY LOCATION IN CONJUNCTION WITH CINCINNATI PUBLIC SCHOOLS. THE INDOOR TRAINING FACILITY IN ROSELAWN (OPENED IN 2014) HOSTS FREE, YEAR-ROUND BASEBALL AND SOFTBALL INSTRUCTION ALONG WITH EDUCATIONAL PROGRAMMING. PROGRAM GOALS INCLUDE INCREASING PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL, ENCOURAGING ACADEMIC ACHIEVEMENT AND EMPHASIZING GOOD CHARACTER DEVELOPMENT.

  Expenses $1,779,301 · Grants $439,089 · Revenue $19,703

• THE REDS COMMUNITY FUND'S FIELD RENOVATION PROGRAM UNDERWRITES THE EXPENSE FOR IMPROVEMENTS TO AREA YOUTH BASEBALL FIELDS THROUGHOUT REDS COUNTRY. UPGRADES INCLUDE NEW SOIL FOR THE INFIELDS, TURF UPGRADES IN THE OUTFIELDS, BACKSTOP REPAIRS, FENCING, DUGOUTS AND MORE. APPLICANTS WHO WISH TO RECEIVE FUNDING FOR A FIELD RENOVATION PROJECT MUST HAVE A SPECIFIC NEED AND COMPLETE AN ONLINE APPLICATION PROCESS PROVIDING INFORMATION ON THE PROJECT SUCH AS LOCATION, MAINTENANCE SCHEDULE AND MOST IMPORTANTLY, SCOPE OF USE FOR EACH FIELD.

  Expenses $465,860

• THE REDS COMMUNITY FUND YOUTH BASEBALL & SOFTBALL FUNDING INITIATIVE PROVIDES SUPPORT TO OVER 300 BOYS BASEBALL AND GIRLS SOFTBALL TEAMS. ORGANIZATIONS RECEIVE FUNDING TO PURCHASE UNIFORMS, EQUIPMENT AND COVER VARIOUS OPERATING EXPENSES. QUALIFYING ORGANIZATIONS MUST OPERATE IN "REDS COUNTRY," DEMONSTRATE FINANCIAL NEED, AND PARTICIPATE IN A MINIMUM OF THREE COMMUNITY SERVICE OR FUNDRAISING ACTIVITIES THROUGHOUT THE YEAR. SPECIFIC PROGRAMS THAT ARE SUPPORTED INCLUDE THE P&G MLB CINCINNATI REDS YOUTH ACADEMY, GREATER CINCINNATI KNOTHOLE, CINCINNATI PUBLIC SCHOOLS AND REVIVING BASEBALL IN INNER CITIES.

  Expenses $299,092

• REVIVING BASEBALL IN INNER CITIES (RBI) IS A MAJOR LEAGUE BASEBALL YOUTH OUTREACH PROGRAM DESIGNED TO: - INCREASE PARTICIPATION AND INTEREST IN BASEBALL AND SOFTBALL AMONG UNDERSERVED YOUTH - PROMOTE GREATER INCLUSION OF YOUTH WITH DIVERSE BACKGROUNDS INTO THE MAINSTREAM OF THE GAME - INCREASE NUMBER OF TALENTED ATHLETES PREPARED TO PLAY IN COLLEGE AND PROFESSIONALLY - ENCOURAGE ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND MODEL CITIZENSHIP - TEACH THE VALUE OF TEAMWORK

  Expenses $279,845

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• PITCH IN FOR BASEBALL & SOFTBALL

  $202,839

  PURCHASE OF BASEBALL & SOFTBALL EQUIPMENT

• FREESTORE FOODBANK INC

  $125,000

  PROVIDE BASEBALL & SOFTBALL FUNDING TO LOCAL YOUTH BASEBALL/SOFTBALL TEAMS

• CITY OF CINCINNATI

  $50,000

  FIELD SUPPLIES & RENOVATION OF BLAIR PARK BASEBALL FIELD

• ACTIVITIES BEYOND THE CLASSROOM

  $41,250

  PROVIDE BASEBALL & SOFTBALL FUNDING TO CINCINNATI PUBLIC HIGH SCHOOL TEAMS

• WILBERFORCE UNIVERSITY

  $20,000

  FIELD SUPPLIES & RENOVATION OF KEVIN C. BARNHILL MEMORIAL FIELD

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2022

Filed

10 November 2023

IRS schema version

2022v5.0

Source object

202343149349304174

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