2019-09-13T13:32:11-05:00 2018-10-31 KPMG LLP 150 WEST JEFFERSON SUITE 1900 DETROIT MI 48226 990 2017-11-01 136159029 New York Mets Foundation Inc % LEONARD S LABITA NEWY 7185076387 CITI FIELD FLUSHING NY 11368 DAVID COHEN SECRETARY 7185654338 2019-09-13 true NICOLE A FITZMAURICE P01491005 3132303000 2019-09-12 167.68.102.5 13407320192565000266 2019-09-13 P F7E791049FCEE4943A341CCA4F642AE72B60D2A0 31462D7E604358D5493726803990907BCB83CB78 2017 2019-02-21 02:37:17Z JEFFREY WILPON CITI FIELD FLUSHING NY 11368 2500098 false X N/A X 1963 NY THE NEW YORK METS FOUNDATION FUNDS AND PROMOTES A VARIETY OF EDUCATIONAL, SOCIAL AND ATHLETIC PROGRAMS AND OTHER CHARITABLE CAUSES THAT BENEFIT CHILDREN AND OTHERS IN NEED. 3 0 0 5 0 0 1609667 2414858 0 0 0 0 -106104 -109746 1503563 2305112 829598 859042 0 0 0 0 0 0 0 0 36350 829598 895392 673965 1409720 3533025 5087373 0 0 3533025 5087373 X THE NEW YORK METS FOUNDATION FUNDS AND PROMOTES A VARIETY OF EDUCATIONAL, SOCIAL AND ATHLETIC PROGRAMS AND OTHER CHARITABLE CAUSES. FOR MORE INFORMATION, SEE SCHEDULE O. false false 369139 369139 SUPPORT FOR SUBURBAN, SANDLOT, PAL & ROOKIE LEAGUES ENCOURAGE INVOLVEMENT IN AMATEUR ATHLETICS AND BASEBALL BY SUPPLYING ATHLETIC EQUIPMENT AND CONTRIBUTING FINANCIAL SUPPORT TO LITTLE LEAGUES, BASEBALL AND OTHER SPORTS RELATED ORGANIZATIONS, CAUSES AND SIMILAR GROUPS. 526253 489903 GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND CAUSES INCLUDING COMMUNITY ORGANIZATIONS, SCHOLARSHIP FUNDS, PUBLIC PARKS IMPROVEMENT PROJECTS, VARIOUS SOCIAL SERVICE ORGANIZATIONS AND OTHER ORGANIZED CHARITIES THAT BENEFIT THE COMMUNITY AS A WHOLE. 895392 true true false false false false false false false false false false false false false true true false false false false false false false true false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false true true false false false false X 3 0 true false false false false false false true false false false false true false false false false false false false NY X LEONARD S LABITA 7185654338 CITI FIELD flushing NY 11368 SAUL KATZ TRUSTEE 2.0 48.0 X 0 0 0 FRED WILPON TRUSTEE 2.0 48.0 X 0 0 0 JEFFREY WILPON TRUSTEE/EXEC VP 2.0 48.0 X X 0 0 0 DAVID COHEN SECRETARY 2.0 48.0 X 0 0 0 MARK PESKIN TREASURER 2.0 48.0 X 0 0 0 0 0 0 0 false false false 0 638980 1775878 2414858 0 0 0 0 0 0 0 0 85240 638980 194986 -109746 -109746 0 0 0 0 0 0 0 2305112 0 -109746 859042 859042 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COMMUNITY SUPPORT PROGRAMS 36350 36350 895392 895392 0 0 3533025 5087373 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3533025 5087373 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2547491 3936229 985534 1151144 0 0 3533025 5087373 3533025 5087373 X 1409720 144628 X false true X true false X 794255 561662 1116566 1609667 2414858 6497008 0 0 794255 561662 1116566 1609667 2414858 6497008 3133318 3363690 0 0 0 6497008 439154 0.51773 0.51620 X 0 0 X 2644726 144628 144628 2500098 -194986 -194986 2305112 1090378 194986 194986 895392 895392 SCHEDULE D, PART X, LINE 2 TAX FOOTNOTE The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code). Nevertheless, income from activities not directly related to the Foundation's tax-exempt purpose may be subject to taxation as unrelated business income. The Foundation had no unrelated business income in fiscal year 2018. The Foundation's income tax returns are subject to examination by taxing authorities. The application of tax laws and regulations to many types of transactions is susceptible to varying interpretations, and accordingly, amounts and disclosures reported in the financial statements could be changed at a later date upon final determinations by the taxing authorities. H.R. 1, originally known as the Tax Cuts and Jobs Act (the Act or Tax Reform), was signed into law on December 22, 2017. The Act contains various provisions affecting not-for-profit entities. Tax-exempt entities are impacted in part by the inclusion of a new excise tax on excess compensation for covered employees and changes to unrelated business income. Management's assessment is that there is no impact on the financial statements as of October 31, 2018. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER 990 TO AUDITED FINANCIAL STATEMENTS $144,628 RECOVERIES OF PRIOR YEAR INVESTMENT LOSSES SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER 990 TO AUDITED FINANCIAL STATEMENTS ($194,986) DIRECT FUNDRAISING EXPENSES SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENES PER 990 TO AUDITED FINANCIAL STATEMENTS $194,986 DIRECT FUNDRAISING EXPENSES WELCOME HOME 724220 638980 85240 84155 110831 0 724220 638980 85240 84155 110831 194986 -109746 true National September 11 Memorial & Museum 200 Liberty Street 16th Fl New York NY 10281 383678458 501(C)(3) 100000 Supporting Amateur/ Youth Athletics Pitch In for Baseball & Softball 1565 Gehman Road Harleysville PA 19438 861141299 501(C)(3) 94200 Supporting Amateur/ Youth Athletics Dream 1991 Second Avenue New York NY 10029 134025290 501(C)(3) 46869 Support Amateur / Youth Athletics New York City Police Foundation INC 555 5th Ave NEW YORK NY 10017 132711338 501(C)(3) 33000 Community Support American Heart Association PO Box 50075 Prescott AZ 863045075 135613797 501(C)(3) 25000 Community Support New York Cares 65 Broadway 19th Floor NEW YORK NY 10006 133444193 501(C)(3) 25000 Community Support NY Police & Fire Widows' Children's Benefit Fund 156 W 56th Street 901 New York NY 10019 133340675 501(C)(3) 25000 Community Support Prospect Park Alliance 95 Prospect Park West Brooklyn NY 11215 112843763 501(C)(3) 37500 Support Amateur/ Youth Athletics The Jackie Robinson Foundation 75 Varick Street 201 NEW YORK NY 10013 132896345 501(C)(3) 25000 Supporting Amateur/ Youth Athletics The Police Athletic League 34 1/2 East 12th Street New York NY 10003 135596811 501(C)(3) 25000 Supporting Amateur / Youth Athletics YMCA of Greater New York 5 West 63rd Street 6th Floor NEW YORK NY 10023 131624228 501(C)(3) 22600 Support Amateur / Youth Athletics Broward Education Foundation 600 SE 3rd Avenue 1st Floor Fort Lauderdale FL 10001 592359433 501(C)(3) 18070 Support Educational and Social Programs National September 11 Memorial & Museum 200 Liberty Street 16th Fl New York NY 10281 383678458 501(C)(3) 20050 Community Support PS191 Mayflower 85-15 258th St Queens NY 11001 136400434 NEW YORK CITY 0 17000 FMV UNIFORMS Community Support St Francis Food Pantries and Shelters 450 Seventh Avenue New York NY 10123 800458866 501(C)(3) 39000 Community Support Mayor's Fund to Advance New York City 253 Broadway New York NY 10007 133783906 501(C)(3) 15000 Community Support Citizens Union Foundation 299 Broadway Suite 700 NEW YORK NY 10007 135549188 501(C)(3) 14000 Community Support MC LEF 273 Columbus Ave 10 Tuckahoe NY 10707 223357410 501(C)(3) 13000 Community Support FDNY Foundation 9 Metrotech Center RM 5E-6 Brooklyn NY 11201 112632404 501(C)(3) 15500 Community Support March of Dimes 515 Madison Avenue 20th Fl NEW YORK NY 10022 131846366 501(C)(3) 11250 Community Support Birthright Israel Foundation 521 Fifth Ave 27th FLR New York NY 10175 134092050 501(C)(3) 10000 SUPPORT EDU & SOCIAL PGMS Children's Hospital of the Kings Daughters Development Office 601 Childrens NORFOLK VA 23507 540506321 501(C)(3) 10000 COMMUNITY SUPPORT Citizens Budget Commission Two Penn Plaza 5th Floor NEW YORK NY 10121 130576141 501(C)(3) 10000 Community Support Queens Library Foundation 89-11 Merrick Boulevard Jamaica N JAMAICA NY 11432 113009405 501(C)(3) 10000 SUPPORT EDU & SOCIAL PGMS Tim Tebow Foundation 2220 Country Road 210 West Suite 1 JACKSONVILLE FL 32259 274345913 501(C)(3) 10000 Community Support JDRF 26 Broadway 15th Floor New York NY 10004 231907729 501(C)(3) 9500 Support Educational and Social Programs Memorial Sloan Kettering Cancer Center 885 2nd Avenue 8th Floor NEW YORK NY 10017 131924236 501(C)(3) 9270 Community Support River Fund New York Inc 8911 Lefferts BLVD JAMAICA NY 11418 113450363 501(C)(3) 9000 Community Support Project Sunshine 211 East 43rd Street Suite 401 New York NY 10017 223607512 501(C)(3) 13500 Support Amateur / Youth Athletics AHRC NYC Foundation 83 Maiden Lane 8th Floor NEW YORK NY 10038 133779611 501(C)(3) 7500 Support Educational and Social Programs Pajama Program 114 East 39th Street NEW YORK NY 10016 020588068 501(C)(3) 8000 Community Support The Child Center of NY 118-35 Queens Boulevard Sixth Floo FOREST HILLS NY 11375 111733454 501(C)(3) 7500 Community Support PBSF 3914 Corte Cancion THOUSAND OAKS CA 91360 481294418 501(C)(3) 6500 Support Amateur / Youth Athletics 32 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. TRUSTEES REVIEW AND APPROVE ALL GRANTS AND SIGN ALL CHECKS. FORM 990, PART III, LINE 1 ORGANIZATION MISSION THE NEW YORK METS FOUNDATION FUNDS AND PROMOTES A VARIETY OF EDUCATIONAL, SOCIAL AND ATHLETIC PROGRAMS AND OTHER CHARITABLE CAUSES THAT BENEFIT CHILDREN AND OTHERS IN NEED. A REGISTERED 501(C)(3) CHARITY, THE METS FOUNDATION TAKES NO PORTION OF THE FUNDS RAISED TO OFFSET INTERNAL COSTS EXCEPT FOR EXPENSES DIRECTLY RELATED TO THE ORGANIZATION'S ONE FUNDRAISING EVENT AND EXPENSES DIRECTLY RELATED TO OTHER COMMUNITY SUPPORT PROGRAMS. RELATED ORGANIZATIONS PAY 100% OF THE FOUNDATION'S OVERHEAD TO ENSURE THAT THE MAJORITY OF A DONATION IS DIRECTED TOWARD HELPING OTHERS. FORM 990, PART VI, LINE 2 BUSINESS & FAMILY RELATIONSHIPS THE FOLLOWING TRUSTEES HAVE A FAMILY RELATIONSHIP: FRED WILPON, JEFFREY WILPON, AND SAUL KATZ THE FOLLOWING TRUSTEES AND OFFICERS HAVE A BUSINESS RELATIONSHIP: FRED WILPON, JEFFREY WILPON, SAUL KATZ, MARK PESKIN AND DAVID COHEN FORM 990, PART VI, LINE 8B COMMITTEE MEETING DOCUMENTATION LINE 8B IS NOT APPLICABLE, AS THE BOARD OF TRUSTEES DOES NOT HAVE SEPRATELY IDENTIFIED COMMITTEES. FORM 990, PART VI, LINE 11 FORM 990 REVIEW FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM UTILIZING INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO FILING WITH THE IRS, RETURNS ARE REVIEWED BY MANAGEMENT AND BOTH THE SECRETARY AND TREASURER OF THE BOARD OF TRUSTEES. FORM 990, PART VI, LINE 19 DOCUMENT AVAILABILITY THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS $ 144,628 RECOVERIES OF PRIOR YEAR INVESTMENT LOSSES STERLING METS LP CITI FIELD FLUSHING NY 11368 112834957 BASEBALL NY NA STERLING EQUITIES ASSOCIATES LLC 111 GREAT NECK ROAD GREAT NECK NY 11021 132749022 REAL ESTATE NY NA false false false false false false false false false false false true true true false false false false