Lafc Sports Foundation
- Assets
- $933.1k
- Revenue
- $676.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4683101
Organization Overview
Lafc Sports Foundation is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafc Sports Foundation 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, Lafc Sports Foundation generated $676.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lafc Sports Foundation has awarded 28 individual grants totaling $1,555,154. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAFC FOUNDATION FURTHERS OUR CLUB'S MISSION OF UNITING THE WORLD'S CITY THROUGH (SEE SCHEDULE O) THE WORLD'S GAME, BRINGING JOY TO PEOPLE, AND BEING A FORCE FOR GOOD IN OUR COMMUNITY BY SUPPORTING CRITICAL PROGRAMS AND BRINGING THE INDOMITABLE BLACK & GOLD SPIRIT WHEREVER WE GO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.TO SUPPORT UNDERSERVED LOS ANGELES YOUTH BY CREATING NEW SOCCER PITCHES, INCREASING ACCESS TO ATHLETIC PROGRAMS, SUPPORTING INNOVATIVE EDUCATIONAL PROGRAMS IN PUBLIC SCHOOLS, AND PROVIDING LEADERSHIP DEVELOPMENT AND MENTORSHIP SERVICES.BY LEVERAGING THE LAFC BRAND AND ITS DEDICATED, IMPASSIONED COMMUNITY OF FANS AND STAKEHOLDERS, THE FOUNDATION HAS POSITIVELY IMPACTED OVER 25,000 DISADVANTAGED PEOPLE AND UNDERSERVED YOUTH IN THE GREATER LOS ANGELES AREA. THIS INCLUDES THE DEVELOPMENT OF 30 FUTSAL COURTS BY END OF 2022, 6 COMPLETED IN 2022. OTHER PROGRAMS INCLUDE THE FUNDING OF THE YOUTH LEADERSHIP PROGRAM (YLP) AT THE BRESEE FOUNDATION, THE FALCON SCHOLARS PROGRAMS IN ADDITION TO PROVIDING ACCESS TO HEALTH AND WELLBEING SUPPORT THROUGH FREE SOCCER CLINICS, HOSTING BLOOD DRIVES, FOOD DRIVES, AND CAREER SESSIONS FOR YOUTH WITH LADWP. THE FOUNDATION ALSO SUPPORED THE ALLIANCE, COLLABORATION OF 12 PROFESSIONAL SPORTS TEAMS IN GREATER LA, TO PURSUE CHANGE IN COMMUNITIES OF COLOR BY DRIVING INVESTMENT AND IMPACT FOR SOCIAL JUSTICE THROUGH SPORT. AND WE'RE EVEN PROUDER THAT WE COULD HOST THE HUGELY SUCCESSFUL UNITY MARCH AND DIALOGUE LAST JULY AT THE BANC OF CALIFORNIA STADIUM.LASTLY, GIVEN THAT LAFC WAS IN THE MLS FINALS IN 2022, WE COMPLETED A LEGACY PROJECT TO COMMEMORATE THE MLS CUP. IN PARTNERSHIP WITH MLS WORKS, THE LEAGUE'S SOCIAL RESPONSIBILITY PLATFORM, AND BODYARMOR SPORTS DRINK WE UNVEILED A NEW STEM CLASSROOM AT THE WATTS EMPOWERMENT CENTER. THE CENTER PROVIDES RESOURCES FOR OVER 15,000 CHILDREN, YOUTH, AND FAMILIES IN NEED. THE CENTER'S NEW STEM CLASSROOM INCLUDED 22 NEW APPLE IMAC COMPUTERS WITH STEM SOFTWARE, AN INTERACTIVE TV WALL, AND 50 STEM EDUCATION KITS, AMONG OTHER RESOURCES FOR THE EMPOWERMENT AND ADVANCEMENT OF THE LOCAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Rosenthal Director | Trustee | 1 | $0 |
Larry Berg Treasurer | OfficerTrustee | 3 | $0 |
Allison Berg Director | Trustee | 1 | $0 |
Rico Jeffrey Garcia Director | Trustee | 1 | $0 |
Natasha Beck Director | Trustee | 1 | $0 |
Bennett Rosenthal Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $251,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,119 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$36,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $676,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $358,181 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,184 |
| Compensation of current officers, directors, key employees. | $111,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,890 |
| Payroll taxes | $15,089 |
| Fees for services: Management | $243,668 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $189,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,044,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,833 |
| Accounts receivable, net | $327,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $933,148 |
| Accounts payable and accrued expenses | $505,821 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $545,821 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $387,327 |
| Total liabilities and net assets/fund balances | $933,148 |
Grants Awarded
Over the last fiscal year, Lafc Sports Foundation has awarded $350,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
US SOCCER FOUNDATION PURPOSE: FUTSAL MINI-PITCHES | $150,000 |
PF BRESEE FOUNDATION PURPOSE: YOUTH LEADERSHIP PROGRAM | $50,000 |
THE PLAY EQUITY FUND PURPOSE: ALLIANCE: LA INITIATIVE | $100,000 |
THE FRIENDS OF EXPO CENTER PURPOSE: ANNUAL DONATION TO EXPO CENTER | $25,000 |
CITY YEAR INC PURPOSE: MENTORSHIP PROGRAM | $25,000 |