Reebok Foundation Inc
- Assets
- $368.2k
- Revenue
- $643.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 04-3073548
Organization Overview
Reebok Foundation Inc is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reebok Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Reebok Foundation Inc generated $643.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $502.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (35.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reebok Foundation Inc has awarded 164 individual grants totaling $2,773,436. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD OUR KIDS' SUCCESS (BOKS), THE PHILANTHROPIC INITIATIVE OF REEBOK INTERNATIONAL, IS A PHYSICAL ACTIVITY PROGRAM DESIGNED TO GET KIDS ACTIVE AND ESTABLISH A LIFELONG COMMITMENT TO HEALTH AND FITNESS. WE ARE ON A MISSION TO MAKE PHYSICAL ACTIVITY AND PLAY PART OF EVERY CHILD'S DAY BY PROVIDING FREE CURRICULA, TRAINING AND PROGRAMMATIC SUPPORT TO THOUSANDS OF SCHOOLS AND YOUTH ORGANIZATIONS AS WELL AS RESOURCES FOR FAMILIES TO USE AT HOME. ADDITIONALLY, BOKS PROVIDES GRANT FUNDING TO EMPOWER LOCAL UNDERSERVED SCHOOLS AND/OR YOUTH ORGANIZATIONS TO PROMOTE EQUITABLE ACCESS AND INSPIRATION TO GET KIDS MOVING ACROSS THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Bodenhofer Director And Secretary | 1 | $0 | |
Cory Silveira Director And Treasurer | 1 | $0 | |
Matt O'toole Director And President (until 9/1/22) | 1 | $0 | |
Lenka Patten Director (until 11/11/22) | 1 | $0 | |
Kathleen Tullie Executive Director (until 2/28/22) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
We Are On Purpose | 12/30/21 | $85,000 |
Idealist Consulting | 12/30/21 | $78,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $643,173 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $643,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $11,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,329 |
| Total operating and administrative expenses | $188,103 |
| Contributions, gifts, grants paid | $314,500 |
| Total expenses and disbursements | $502,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,180 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $368,180 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Reebok Foundation Inc has awarded $314,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF AMERICA PURPOSE: NATIONAL PARTNER DONATION | $150,000 |
PS 124 OSMOND A CHURCH PURPOSE: DEFENDER OF PHYSICAL ACTIVTY GRANT | $1,000 |
DISTRICT OF COLUMBIA PUBLIC SCHOOLS PURPOSE: DEFENDER OF PHYSICAL ACTIVTY GRANT | $2,000 |
BOSTON PUBLIC SCHOOLS PURPOSE: DEFENDER OF PHYSICAL ACTIVTY GRANT | $10,000 |
PS 212 LADY DEBORAH MOODY PURPOSE: 2021 + 2020 GRANT REISSUE | $4,000 |
PS 384Q PURPOSE: 2021 GRANT REISSUE | $2,000 |