The Red Sox Foundation Inc.

Transcription

1 The Red Sox Foundation Inc. General Information 4 Yawkey Way Boston, MA 2215 (617) Website Organization Contact Gena Borson redsoxfoundation@redsox.com Year of Incorporation 22 1

2 Statements & Search Criteria Mission Statement The official team charity of the Boston Red Sox, the Red Sox Foundation s work is committed to using the passion fans have for this team to strengthen programs for at-risk children and families in our community. Our cornerstone charitable programs and initiatives include the Red Sox Scholars Program, RBI/Rookie Youth Baseball and Softball programs, New England Red Sox Service Scholarships, Massachusetts Little League Initiative, The Dimock Center in Roxbury, Red Sox Foundation and Massachusetts General Hospital Home Base Program and support for The Jimmy Fund. Background Statement The official team charity of the Boston Red Sox, the Red Sox Foundation has distributed over $75 million to support programs serving children and families across New England since 22. The Foundation s efforts are primarily focused on five cornerstone programs: the Red Sox Scholars Program, which provides tutoring, mentoring, enrichment programs and a college scholarship to academically talented but economically disadvantaged Boston public school students; the Red Sox Foundation's RBI and Rookie League youth baseball and softball programs serving more than 2, inner city teens each summer; the Red Sox Foundation and Massachusetts General Hospital Home Base Program for veterans returning from Iraq and Afghanistan with combat stress and traumatic brain injury; The Dimock Center in Roxbury, serving more than 8, low-income families in Boston s most disadvantaged neighborhoods; and The Jimmy Fund, supporting breakthrough cancer research at the Dana-Farber Cancer Institute.A 51(c)(3) nonprofit, the Red Sox Foundation raises funds through special events, corporate sponsorships, and grants. Founded and initially funded by Red Sox Principal Owner John Henry, Chairman Tom Werner, President/CEO Larry Lucchino and their partners, the Red Sox Foundation has won numerous awards for the impact of its innovative programs. In 21, the Foundation s Red Sox Scholars program was recognized by Major League Baseball with the first-ever MLB Commissioner s Award for Philanthropic Excellence. In 29, the Red Sox Foundation was honored by the Robert Wood Johnson Foundation and the Sports Philanthropy Project with the Patterson Award as the nation s Best Team Charity in Sports. For more information about the foundation, visit redsoxfoundation.org. 2

3 Impact Statement In 214, the Red Sox Foundation was proud to accomplish the following:1. Since 22, the Red Sox Foundation has awarded more than $75 million in grants and funding to charitable programs and operations in the communities we serve. This includes more than $3 million in support for the Red Sox Scholars Program, which was created in 23, and more than $4.6 million for children's athletic programs including RBI/Rookie Leagues, Lindos Suenos, Japan Exchange, and Massachusetts Little League. 2. The Red Sox Foundation was extremely proud to honor its first class of college graduates from the Red Sox Scholars Program. With the newest class of Scholars selected in 215, the Foundation has served 25 inner-city students from Boston Public Schools and Boston Public High Schools.3. In celebrating Little League's 75th Anniversary, the Red Sox Foundation was proud to sponsor Massachusetts leagues, which serve more than 67,5 children and offer boys and girls, aged 5 to 18, the opportunity to participate in baseball and softball regardless of their abilities. In 215, the Red Sox Foundation looks forward to: 1. Continuing to support thousands of charitable organizations helping children and families across New England (In 214, the Red Sox Foundation supported 4,9 accredited New England non-profits.); 2. Increasing revenue by $1, for Red Sox Scholars and RBI/Rookie League programs so we can further enhance and strengthen our cornerstone programs for inner-city youth in Boston; 3. And, conducting an internal review of the Red Sox Scholars program, which is entering its thirteenth year. As part of this review, our goal is to hire a Red Sox Foundation Fellow, a 2-year position as part of the pilot program, which is targeted at increasing the support services that we provide to our posthigh school Red Sox Scholars. Needs Statement The organization's top 5 most pressing needs includes, but is not limited to the following.from a staffing perspective:1. The creation of a Red Sox Foundation Fellow position to enhance and strengthen services for post-high school aged Red Sox Scholars, to not only help them to but also through college;2. And, the creation of a development position to increase the presence of the Red Sox Foundation. From a financial perspective: 3. The Red Sox Foundation does not have an endowment and therefore must continue to brainstorm new ways to fundraise for its programs. One of the challenges is coming up with new and innovative ways to engage fans, spread awareness, and raise monies for our programs. From a program perspective:4. Red Sox Scholars: As this program grows and more Scholars become college-aged (15 in 215), there is a pressing need to expand services for post-high school aged Scholars. This is part of a larger pilot program in which we are conducting an internal review of the program. 5. RBI/Rookie Leagues: The Red Sox Foundation is currently looking to implement a lifeskills day, in which RBI and Rookie players attend a variety of workshops. While our volunteer coaches provide a wealth of knowledge and lessons each day, we would like to support them in a more concrete way. Service Categories Scholarships & Student Financial Aid Baseball & Softball Geographic Areas Served The official team charity of the Boston Red Sox, the Red Sox Foundation s work is committed to using the passion fans have for this team to strengthen programs for at-risk children and families in New England. Please review online profile for full list of selected areas served. 3

4 Programs Red Sox Scholars Description The Red Sox Scholars is a scholarship program run by the Red Sox Foundation, which provides mentoring, college access progamming, and extraordinary experiences on and off the baseball field. With the most recent class selected in 215, there are currently 25 Red Sox Scholars in the program ranging in age from 7th grade through college graduates. In addition, each Scholar receives a scholarship up to $1, upon graduation from high school. Budget 29 Category Population Served Education, General/Other Adolescents Only (13-19 years), College Aged (18-26 years), Program Short Term Success We are looking to accomplish the following in the short-term: (1) Number of Additional Scholarships - It's our goal to help Scholars find other scholarships to supplement and finance their education in addition to our scholarship. Goal: To establish three new scholarship partnerships with other foundations or area colleges/universities in 215. (2) College Graduation Rate - The inaugural Scholars class graduated from college in 214. Of the 25 Scholars in this class, 9 graduated and 9 will graduate by 217.* We're proud to honor our graduates and look forward to higher graduation rates with the addition of a Fellow. Goal: To increase the graduation rate by 25% for the classes of 24 and 25. *The remaining 7 Scholars are completing their GED, attending vocational school, or working. (3) Post-College Job Rate - The Fellow will connect Scholars with job opportunities postcollege. Goal: For 1% of college graduates to secure a full-time job within 6 months of graduating. (4) Number of Active Alumni - The Fellow will be responsible for building a solid alumni network. "Active Alumni" means Scholars a) graduated college, and b) agree to share contact information to help Scholars network and find jobs. Goal: For 1% of college graduates to be "Active Alumni" in 215. Program Long term Success Ideally,the Red Sox Scholars program aims for 1% high school and college graduation rates for our Scholars with the ultimate goal of helping all of our Scholars to be responsible and active community members who will make a positive impression. We realize, however, that college may not be the best fit for everyone and do our best to help these particular Scholars succeed via vocational or trade schools. Program Success Monitored By 4

5 Examples of Program Success With the newest class selected to the Red Sox Scholars Program in 215, the Red Sox Foundation has provided scholarships, programming, and resources to 25 students from Boston Public Schools and Boston Public Charter Schools. 5

6 RBI and Rookie League Youth Baseball/Softball Description Serving inner-city children and teens, the RBI & Rookie League programs use baseball and softball as a vehicle to help youngsters learn valuable life lessons including respect for others, teamwork, personal responsibility, healthy choices, nonviolent conflict resolution, good nutrition, among others. The Red Sox Foundation RBI program serves over 7 inner-city and at-risk Boston youth, ages 9 to 18 each year, while the Rookie League program introduces baseball and softball to some 1, youngsters, ages 5 to 12. Budget Category Population Served Program Short Term Success Program Long term Success Recreation & Sports, General/Other Children Only (5-14 years), Adolescents Only (13-19 years), To help achieve our long-term success goals, the Red Sox Foundation focuses on helping volunteer coaches, who work most closely with our players, to foster a positive, safe environment. We offer trainings for our coaches and are in the process of developing a more robust lifeskills workshop for our players, too. We believe the small day-to-day habits that volunteer coaches teach our players will help them develop into responsible community members. Our goal is to therefore offer at least 1 training and 1 lifeskill workshop for our coaches and players, respectively, per year to facilitate the development of these skills. We also aim for 1% games to be played per season in order to ensure the coaches and players are present on the field and fully taking advantage of the opportunities we are affording them. In addition, we provide all of our RBI & Rookie teams with uniforms. For RBI, we all provide teams with equipment and pay umpire fees. The long-term goal of the RBI & Rookie Youth Baseball & Softball Leagues is to increase participation in baseball and softball across Boston, encourage school attendance and achievement, and develop self-esteem, life skills and instill the value of teamwork to at-risk youth. Program Success Monitored By Examples of Program Success The RBI & Rookie Youth Baseball & Softball Leagues collectively serve approximately 2, inner-city children and youth each year. We are proud to offer these free leagues to youth, aged 5-18, to supply our RBI & Rookie teams with uniforms, and all RBI teams with equipment and umpires free-of-charge. In 215, we look forward to building a more robust lifeskills workshop to support the important work our volunteer coaches are doing on the field, off the field. 6

7 Other Programs Description In addition, the Red Sox Foundation also organizes and coordinates the Run to Home Base, an annual fundraiser for the Red Sox Foundation and Massachusetts General Hospital Home Base Program for veterans returning from Iraq and Afghanistan with combat stress and traumatic brain injury. The Red Sox Foundation's Run to Home Base 9K has raised $13 million of the $15 million that the Foundation has donated for research and treatment for these "invisible wounds of war." The program provides our veterans and their families with a most welcome touch of home. In addition, the Red Sox Foundation provides support to The Dimock Center in Roxbury, serving more than 8, low-income families in Boston's most disadvantaged neighborhoods; and The Jimmy Fund, supporting breakthrough cancer research at the Dana-Farber Cancer Institute. Budget Category Population Served Program Short Term Success Program Long term Success None of the above Veterans, Families, People/Families of People with Cancer Please visit for more information on these programs. Please visit for more information on these programs. Program Success Monitored By Examples of Program Success Please visit for more information on these programs. 7

8 New England Red Sox Service Scholarships Description Beyond the Red Sox Scholars program in Boston, the Red Sox Foundation will award 12 college scholarships to high school seniors throughout New England in 215. Recipients will each receive $1, in recognition of their community service. The program has grown from 1 scholarships in New Hampshire in 21, to 25 in 211, to 35 in 212 when it also added 1 in Rhode Island. In 213, 55 scholarships -- to 35 students in New Hampshire and 2 in Rhode Island -- were awarded, bringing the total number honored to 135. In 214, 95 recipients were awarded, including 4 from New Hampshire, 25 from Rhode Island, and 1 each from Connecticut, Maine, and Vermont. In 215, the Red Sox Foundation will honor a total of 12 recipients, including 45 from New Hampshire, 3 from Rhode Island, and 15 each from Connecticut, Maine, and Vermont. Budget Category Education, General/Other Population Served College Aged (18-26 years),, Program Short Term Success Program Long term Success To accomplish the long-term goal, the Red Sox Foundation continues to seek out funders for this unique program and add high schools in each state every year. The program began with 1 high schools in 21 and will award students at 12 high schools in 215 across New Hampshire, Rhode Island, Connecticut, Maine, and Vermont! The long-term goal of the New England Red Sox Service Scholarship program is to reach all public high schools in New Hampshire, Rhode Island, Connecticut, Maine, and Vermont. We hope to honor one (1) graduating high school senior each year in these schools in order to showcase the important community work our youth across New England are doing. Program Success Monitored By Examples of Program Success Since 21, the Red Sox Foundation has awarded a $1, college scholarship to 35 students, who have demonstrated academic talent and a commitment to community service, across New England. 8

9 Massachusetts Little League Initiative Description In celebrating Little League's 75th Anniversary, the Red Sox Foundation sponsored Massachusetts leagues, which serve more than 67,5 children. Little League offers boys and girls between ages 5 and 18 the opportunity to participate in baseball and softball, regardless of their athletic abilities. Budget Category Recreation & Sports, General/Other Population Served Children Only (5-14 years),, Program Short Term Success Program Long term Success To help accomplish this important goal of youth participation and exposure in baseball and softball, the Red Sox Foundation strives to support as many Massachusetts Little Leagues as possible. In 214, the Red Sox Foundation was able to sponsor over 13 teams. Our goal is to increase this number in 215, and expand to other New England states in the future. The long-term goal of the Massachusetts Little League Initiative is to expand to each of the New England states. We strive to support the important work that Little League does for our youth, thereby encouraging more youth to play baseball and softball. Program Success Monitored By Examples of Program Success Through this new initiative, the Red Sox Foundation was able to sponsor over 13 Massachusetts Little League teams, honor a volunteer coach of the year, and help sponsor the Massachusetts Little League State Tournament. We are honored to work with the Massachusetts Little League and use the megaphone of the Red Sox to help encourage youngsters to play baseball and softball at an early age. 9

10 Management CEO/Executive Director Executive Director Mr. Tom Werner Term Start Jan 22 Experience Boston Red Sox Chairman (Current) Chairman (Current) Co-CEO Co-CEO Ms. Gena Borson Experience Red Sox Foundation Executive Director (Current) Former CEOs Name Term Ms. Meg Vaillancourt Jan 22 - Dec 212 Staff Information Full Time Staff Part Time Staff Volunteers Contractors Staff Demographics - Ethnicity African American/Black 1 Asian American/Pacific Islander 1 Caucasian 5 Hispanic/Latino 1 Native American/American Indian Other Staff Demographics - Gender Male Female Unspecified 3 5 1

11 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Under Development Under Development 11

12 Board & Governance Board Chair Board Chair Mr. Tom Werner Company Affiliation Boston Red Sox Term Jan 22 to Board s Name Affiliation Status Ms. Joan Alfond Mr. Michael Egan Mr. David Friedman Mr. Chad Gifford Mr. Michael Gordon Mr. Larry Lucchino Mr. Sean McGrail Ms. Linda Pizzuti Henry Ms. Charlotte Wagner Mr. Tom Werner Ms. Linda Whitlock Chairman Board Demographics - Ethnicity African American/Black 1 Asian American/Pacific Islander Caucasian 1 Hispanic/Latino Native American/American Indian Other Board Demographics - Gender Male Female

13 Unspecified Board Information Number of Full Board Meetings Annually Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation 3 Under Development 5% No 13

14 Financials Fiscal Year Fiscal Year Start Jan 1, 215 Fiscal Year End Dec 31, 215 Projected Revenue $7,1,. Projected Expenses $6,9,. Endowment? No Credit Line? No Reserve Fund? No Months Reserve Fund Covers Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $7,684,271 $7,146,688 $9,63,372 Total Expenses $7,385,76 $8,43,976 $6,329,74 Revenue Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $ $ $ Federal State Local Unspecified Individual Contributions $2,96,24 $2,895,58 $2,82,424 Indirect Public Support Earned Revenue Investment Income, Net of Losses $36,62 $29,837 ($3,114) ship Dues Special Events $3,678,172 $3,525,599 $5,97,798 Revenue In-Kind Other $1,63,473 $695,744 $887,264 14

15 Expense Allocation Fiscal Year Program Expense $6,482,511 $7,527,49 $5,735,376 Administration Expense $629,679 $38,349 $259,64 Fundraising Expense $272,886 $496,218 $334,688 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 88% 9% 91% Fundraising Expense/Contributed Revenue 4% 8% 4% Assets and Liabilities Fiscal Year Total Assets $1,551,954 $1,95,193 $11,12,237 Current Assets $5,433,668 $5,325,221 $9,748,519 Long-Term Liabilities $ $ $ Current Liabilities $2,799,458 $2,724,141 $2,572,46 Total Net Assets $7,752,496 $7,371,52 $8,547,777 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets % % % Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? No Comments Foundation Staff Comments Financial summary data in the charts and graphs above are per the organization's IRS Form 99s. Contributions from foundations and corporations are listed under individuals when the breakout was not available. Created Copyright 219 The Boston Foundation 15