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← MICHIGAN BASEBALL FOUNDATION INC

Form 990 for tax year 2023

Filed by MICHIGAN BASEBALL FOUNDATION INC.

Totals

Total revenue
$2,558,067
Total expenses
$2,997,211
Contributions and grants received
$1,637,409
Grants paid
$87,385
Program service revenue
$539,372
Investment income
$27,205
Other revenue
$354,081
Total assets, end of year
$32,233,209
Total liabilities, end of year
$3,085,735
Net assets or fund balances, end of year
$29,147,474
Program services expenses (Part IX)
$2,851,769
Management and general expenses
$138,717
Fundraising expenses
$6,725
Program service expenses (Part III)
$2,851,769

Program services were 95.1% 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

    $84,850

  • 1f · All other contributions, gifts and grants

    $1,552,559

  • 2a · Program service revenue: STADIUM RENTAL FEES

    total $503,872 · related or exempt $503,872

  • 2b · Program service revenue: PARKING LOT RENTAL FEES

    total $35,500 · related or exempt $35,500

  • 3 · Investment income

    total $27,205 · excluded $27,205

  • 8a · Fundraising events: gross income

    $105,724

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

    $84,850

  • 8b · Fundraising events: direct expenses

    $25,032

  • 8c · Net income from fundraising events

    total $80,692

  • 9a · Gaming: gross income

    $197,835

  • 9b · Gaming: direct expenses

    $134,425

  • 9c · Net income from gaming

    total $63,410 · excluded $63,410

  • 11a · Other revenue: OTHER INCOME

    total $124,788 · excluded $124,788

  • 11b · Other revenue: 81-4832431 DAVIS LODG. VII

    total $85,191 · related or exempt $85,191

  • 11e · Other revenue, total

    $209,979

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,385 · program services $87,385

  • 7 · Other salaries and wages

    total $455,717 · program services $388,207 · management and general $67,510

  • 8 · Pension plan contributions

    total $8,265 · program services $6,299 · management and general $1,966

  • 9 · Other employee benefits

    total $32,960 · program services $25,119 · management and general $7,841

  • 10 · Payroll taxes

    total $53,080 · program services $40,452 · management and general $12,628

  • 11c · Fees: accounting

    total $11,448 · management and general $11,448

  • 11g · Fees: other

    total $17,106 · program services $7,735 · management and general $9,371

  • 12 · Advertising and promotion

    total $2,241 · fundraising $2,241

  • 13 · Office expenses

    total $72,608 · program services $60,090 · management and general $12,300 · fundraising $218

  • 16 · Occupancy

    total $641,375 · program services $641,375

  • 22 · Depreciation, depletion and amortization

    total $1,461,484 · program services $1,461,484

  • 23 · Insurance

    total $46,278 · program services $33,663 · management and general $12,615

  • 24a · Other expenses: PROPERTY TAXES

    total $51,385 · program services $51,385

  • 24b · Other expenses: PARKING

    total $28,111 · program services $28,111

  • 24c · Other expenses: MERCHANT SERVICE FEES

    total $16,630 · program services $13,567 · management and general $3,038 · fundraising $25

  • 24d · Other expenses: PLAYOFF EXPENSES

    total $6,897 · program services $6,897

  • 24e · All other expenses

    total $4,241 · fundraising $4,241

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,380,598 · end of year $2,075,241

  • 4 · Accounts receivable

    beginning of year $783,176 · end of year $236,833

  • 9 · Prepaid expenses and deferred charges

    beginning of year $207,968 · end of year $222,483

  • 10a · Land, buildings and equipment: cost or other basis

    $48,912,916

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,266,137

  • 10c · Land, buildings and equipment, net

    beginning of year $29,164,402 · end of year $29,646,779

  • 15 · Other assets

    beginning of year $124,184 · end of year $51,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,226 · end of year $238,510

  • 18 · Grants payable

    beginning of year $177,750 · end of year $137,750

  • 19 · Deferred revenue

    beginning of year $6,375 · end of year $6,375

  • 23 · Secured mortgages and notes payable

    beginning of year $2,700,000 · end of year $2,700,000

  • 25 · Other liabilities

    beginning of year $3,100 · end of year $3,100

  • 27 · Net assets without donor restrictions

    beginning of year $29,067,877 · end of year $28,347,474

  • 28 · Net assets with donor restrictions

    beginning of year $600,000 · end of year $800,000

Mission and programs · 2023

Mission

THE MICHIGAN BASEBALL FOUNDATION WILL CREATE REGIONAL ECONOMIC DEVELOPMENT AND SUPPORT YOUTH ORGANIZATIONS THROUGH CREATIVE PARTNERSHIPS AND GRANTS BY OPERATING THE FINEST MINOR LEAGUE BASEBALL FACILITY AND EVENTS CENTER IN THE NATION.

  • TO LESSEN THE BURDENS UPON THE VARIOUS LOCAL GOVERNMENTS IN THE COUNTIES OF MIDLAND, BAY AND SAGINAW IN SUCH GOVERNMENTS' EFFORTS TO REVITALIZE AND REINVIGORATE ECONOMIC AND EMPLOYMENT OPPORTUNITIES IN THIS KEY AREA BY GREATLY DECREASING THE COST TO THE COUNTIES OF PROCURING AND SUSTAINING A PROFESSIONAL MINOR LEAGUE BASEBALL TEAM AND BUILDING AND OPERATING A STADIUM FOR THE TEAM; TO PROMOTE THE DEVELOPMENT OF THE SOUTHEAST PORTION OF THE CITY OF MIDLAND BY LOCATING THE STADIUM IN THAT AREA; TO SUPPORT AND COMPLEMENT EXISTING AND PROPOSED INFRASTRUCTURE IMPROVEMENTS ON WHICH THE CITY OF MIDLAND AND THE COUNTY OF MIDLAND ARE PLANNING AND/OR CURRENTLY WORKING; TO FURTHER PROMOTE AMATEUR BASEBALL IN PARTICULAR AND AMATEUR SPORTS IN GENERAL IN THE COUNTIES BY USING ANY EXCESS OF OPERATING REVENUES OVER EXPENSES TO PROVIDE ADDITIONAL FUNDING FOR EXISTING SPORTS PROGRAMS AND/OR TO INSTITUTE NEW SPORTS PROGRAMS IN LOCAL SCHOOLS AND/OR ON AN EXTRACURRICULAR BASIS; AND TO EXPAND EMPLOYMENT OPPORTUNITIES AND INCREASE THE GENERAL LEVEL OF PERSONAL INCOME IN THE COUNTIES; AND, IN GENERAL, TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COUNTIES AND THEIR PEOPLE.

    Expenses $2,763,150 · Grants $87,385 · Revenue $539,372

  • SUPPORT OF PUBLIC AND COMMERCIAL ECONOMIC DEVELOPMENT PROJECTS, SOME OF WHICH HAVE BEEN UNDER CONSIDERATION FOR YEARS, BY PROVIDING ADMINISTRATIVE ASSISTANCE, CONSULTATION, EXPERTISE AND ACCESS TO FUNDING. THESE PROJECTS CAN BE ANYWHERE IN MIDLAND, AND TODAY ARE FOCUSED MAINLY IN DOWNTOWN.

    Expenses $88,619 · Revenue $85,191

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Stavropoulos

    CHAIRMAN, CE

    Total calculated
    $0
    Hours/week
    1

  • Michael Hayes

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Jana Chotivkova

    TREASURER, C

    Total calculated
    $0
    Hours/week
    1

  • William Collins

    GENERAL COUN

    Total calculated
    $0
    Hours/week
    1

  • Robert Plishka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Rathbun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Howard Ungerleider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Barbeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Opperman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Ramaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lydia Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

  • GREATER MIDLAND COMMUNITY CENTERS

    $12,500

    RECREATIONAL

  • WINDOVER HIGH SCHOOL

    $12,000

    OPERATIONS

  • CITY OF AUBURN

    $6,800

    SPORTS OPERATIONS

  • SAGINAW CO YOUTH PROTECTION COUNCI

    $6,450

    RECREATIONAL

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.0
Source object
202422559349301817

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