nonprofit logo

Metropolitan Oval Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134035082 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Metropolitan Oval Foundation Inc?

Metropolitan Oval Foundation Inc is a nonprofit organization situated in Brooklyn, New York, with a focus on promoting and fostering youth soccer development within the city. It operates primarily by training young individuals to excel in amateur soccer competitions, both locally and internationally. The foundation also plays a crucial role in preserving and maintaining The Metropolitan Oval, a soccer field located in Maspeth, New York. To fulfill its mission, the foundation leases the field to various educational institutions and youth organizations for their soccer activities. With a team of six dedicated employees, Metropolitan Oval Foundation Inc is committed to nurturing the love for soccer among the city's youth and providing them with the necessary resources to grow and succeed.


Official website here: www.metropolitanoval.org

Is Metropolitan Oval Foundation Inc legitimate?

Metropolitan Oval Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Oval Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $24,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $756,056

For more financial information, click here


Official website here: www.metropolitanoval.org

What is the mission statement of Metropolitan Oval Foundation Inc?

The Metropolitan Oval Foundation Inc's mission is centered around promoting, supporting, and fostering the growth of Youth Soccer within New York City. In pursuit of this objective, the foundation engages in various activities. Primarily, it aims to develop young soccer players, preparing them to compete in local, regional, and international amateur tournaments. Additionally, the foundation is committed to preserving a soccer field, known as The Metropolitan Oval, located in Maspeth, New York. As part of its development programs, the foundation rents out this field to high schools, colleges, and various youth organizations.


Official website here: www.metropolitanoval.org

Who is the CEO of Metropolitan Oval Foundation Inc?

Christopher Welch is the Director of Metropolitan Oval Foundation Inc.


Official website here: www.metropolitanoval.org

What is the revenue of Metropolitan Oval Foundation Inc?

Metropolitan Oval Foundation Inc's revenue in 2022 was $1,714,331.


Official website here: www.metropolitanoval.org

Who are the executives of Metropolitan Oval Foundation Inc and what are their salaries?

The average compensation at Metropolitan Oval Foundation Inc during 2022 was $130,070. There are 6 employees and 8 volunteers at Metropolitan Oval Foundation Inc.

Here are 7 key members and their salaries:

    Jeffrey Saunders (Director)
  • Compensation: $24,366
  • Related: $0
  • Other: $0

    • Kim Wyant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles S Jacob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Maffeo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Welch (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles R Jacob (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Valerie Jacob (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.metropolitanoval.org

    Where can I find the form 990 for Metropolitan Oval Foundation Inc?

    The Metropolitan Oval Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.metropolitanoval.org

    Learn more at the official website: www.metropolitanoval.org

    Mission Statement of Metropolitan Oval Foundation Inc

    Metropolitan Oval Foundation Inc, a nonprofit organization, is dedicated to promoting, supporting, and fostering the development of Youth Soccer in New York City. Their mission extends beyond just promoting the sport; they actively work towards providing opportunities for young individuals to compete in local, regional, and international amateur soccer tournaments. Additionally, the foundation is committed to preserving and maintaining The Metropolitan Oval, a soccer field located in Maspeth, New York. In line with its mission, the foundation also rents out the field to various high schools, colleges, and youth organizations for their soccer training programs, thereby contributing to the growth and development of youth soccer in the city.

    Impact

    This information is meant to be a general summary of Metropolitan Oval Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Metropolitan Oval Foundation Inc's impact is evident in its promotion, support, and development of youth soccer in New York City. Through their programs, they train young individuals to compete in amateur soccer at local, regional, and even international levels. Their efforts also include the preservation and maintenance of The Metropolitan Oval in Maspeth, New York, serving as a crucial soccer field for the community. Additionally, the foundation provides access to the field for high schools, colleges, and various youth organizations, further expanding its reach and impact on the local soccer community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $671
  • Program Service Revenue: $1,472,456
  • Gross Receipts: $1,714,331

    • Assets and Liabilities:
  • Total Assets: $2,289,775
  • Total Liabilities: $1,091,299
  • Net Assets: $1,198,476
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Field Rental

    Revenue

    $55,400

    Player Fees

    Revenue

    $1,417,056

    Organization Details

    Founding Year

    1998

    Principal Officer

    Christopher Welch

    Main Address

    238 Berkeley Place, Brooklyn, NY, 11217

    NTEE Category

    Code: N30 - Recreation

    If you are a representative of Metropolitan Oval Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.