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Nonprofiteer
← NEW YORK YANKEES FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW YORK YANKEES FOUNDATION INC.

Totals

Total revenue
$5,507,074
Total expenses
$3,982,666
Contributions and grants received
$2,529,824
Grants paid
$2,730,480
Program service revenue
$2,019,495
Investment income
$0
Other revenue
$957,755
Total assets, end of year
$6,664,114
Total liabilities, end of year
$2,226,693
Net assets or fund balances, end of year
$4,437,421
Program services expenses (Part IX)
$3,817,804
Management and general expenses
$62,362
Fundraising expenses
$102,500
Program service expenses (Part III)
$3,817,804

Program services were 95.9% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $2,262,006

  • 1f · All other contributions, gifts and grants

    $267,818

  • 2a · Program service revenue: STADIUM GUIDED TOURS

    total $1,901,682 · related or exempt $1,901,682

  • 2b · Program service revenue: SCOREBOARD-FAN MARQUEE

    total $116,930 · related or exempt $116,930

  • 2c · Program service revenue: YANKEE UNIVERSE

    total $883 · related or exempt $883

  • 8a · Fundraising events: gross income

    $211,995

  • 8a · Fundraising events: contributions included on line 1c

    $2,262,006

  • 8b · Fundraising events: direct expenses

    $739,214

  • 8c · Net income from fundraising events

    total -$527,219 · excluded -$527,219

  • 9a · Gaming: gross income

    $3,325,838

  • 9b · Gaming: direct expenses

    $1,850,864

  • 9c · Net income from gaming

    total $1,474,974 · excluded $1,474,974

  • 11a · Other revenue: OTHER INCOME

    total $10,000 · related or exempt $10,000

  • 11e · Other revenue, total

    $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,678,230 · program services $2,678,230

  • 2 · Grants to domestic individuals

    total $52,250 · program services $52,250

  • 11c · Fees: accounting

    total $62,362 · management and general $62,362

  • 11e · Fees: professional fundraising services

    total $102,500 · fundraising $102,500

  • 24a · Other expenses: STADIUM TOURS

    total $850,024 · program services $850,024

  • 24b · Other expenses: CHARITY FUNCTIONS

    total $237,300 · program services $237,300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,832,008 · end of year $4,971,650

  • 3 · Pledges and grants receivable

    beginning of year $1,157,765 · end of year $1,229,075

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,418 · end of year $463,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $204,078 · end of year $693,490

  • 18 · Grants payable

    beginning of year $219,050 · end of year $223,622

  • 19 · Deferred revenue

    beginning of year $815,050 · end of year $1,309,581

  • 27 · Net assets without donor restrictions

    beginning of year $2,888,013 · end of year $4,437,421

  • 28 · Net assets with donor restrictions

    beginning of year $25,000 · end of year $0

Mission and programs · 2024

Mission

PROVIDING ASSISTANCE IN THE FORMS OF GIFTS, CONTRIBUTIONS, GRANTS, DONATIONS, SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO SUPPORT FOR PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS LOCATED IN THE BRONX, NEW YORK, THE NEW YORK METROPOLITAN AREA, THE VARIOUS STATES, COMMONWEALTHS OR POSSESSIONS OF THE UNITED STATES AND ELSEWHERE TO THE EXTENT PERMITTED UNDER THE LAWS OF NEW YORK AND APPLICABLE FEDERAL LAWS.

Activities or mission (Part I)

PROVIDING ASSISTANCE TO SUPPORT NON-FOR-PROFIT ORGANIZATIONS TO THE EXTENT PERMITTED UNDER THE LAWS OF NEW YORK AND APPLICABLE FEDERAL LAWS.

  • THE NEW YORK YANKEES ARE COMMITTED TO PROMOTING AND SUSTAININGCORDIAL AND COOPERATIVE RELATIONSHIPS WITH OUR NEIGHBORS ANDCOMMUNITY PARTNERS, WORKING IN CONJUNCTION WITH THEM TO ENHANCETHE QUALITY OF LIFE THROUGHOUT THE SURROUNDING COMMUNITIES. ON AMONTHLY BASIS, THE NEW YORK YANKEES FOUNDATION ALLOCATES GRANTS TOVARIOUS COMMUNITY-BASED ORGANIZATIONS, WHICH PROVIDE POSITIVEEDUCATIONAL, RECREATIONAL, AND SOCIAL OUTLETS.

    Expenses $2,730,480 · Grants $2,730,480

  • THE NEW YORK YANKEES FOUNDATION AND MEMORIAL SLOAN-KETTERINGCANCER CENTER PARTNERED TO ESTABLISH THE YANKEES UNIVERSE FUND. APORTION OF THE PROCEEDS GENERATED FROM THE SALE OF YANKEESUNIVERSE MERCHANDISE AND TEAM FAN CLUB PACKAGES ARE DEDICATED TOTHE CANCER CENTER'S PROGRAMS IN PEDIATRIC PATIENT CARE, RESEARCHAND EDUCATION.

    Revenue $883

  • ON A CONSISTENT BASIS, THE NEW YORK YANKEES OFFER GUIDED TOURS ATYANKEE STADIUM. TICKETS CAN BE PURCHASED BY THE GENERAL PUBLIC,AND A PORTION OF THE PROCEEDS ARE ALLOCATED TO THE NEW YORKYANKEES FOUNDATION.

    Expenses $850,024 · Revenue $1,901,682

  • SCOREBOARD FAN MARQUEE

    Revenue $116,930

  • CHARITY FUNCTIONS

    Expenses $237,300

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JENNIFER STEINBRENNER SWINDAL

    PRESIDENT/ DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • HAROLD Z STEINBRENNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • RANDY LEVINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • DERRICK BAIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • ANTHONY BRUNO

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • BRIAN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • DEBBIE TYMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JASON ZILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL TUSIANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JULIA STEINBRENNER

    PRESIDENT/ DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • HALEY TANTLEFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • KENNY LEANDRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 March 2026
IRS schema version
2024v5.5
Source object
202600759349300020

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