Foundation For Learning Athletics And Growth
- Assets
- $99.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4119025
Organization Overview
Foundation For Learning Athletics And Growth is located in Torrance, CA. 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. Foundation For Learning Athletics And Growth 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 12/2023, Foundation For Learning Athletics And Growth generated $122.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $126.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ANNUAL CHARITY GOLF TOURNAMENTTHE HACK IS AN ANNUAL CHARITY GOLF TOURNAMENT THAT HOSTS 72 PLAYERS AND AN ADDITIONAL 100 ATTENDEES AND VOLUNTEERS. CLIENTS / SPONSORS ARE COMMERCIAL REAL ESTATE PROFESSIONALS (INDUSTRIAL FOCUS). PROCEEDS GO TO SUPPORT NICKS KIDS YOUTH SOCCER PROGRAM. IMPACTS 80 PEOPLE, 45 KIDS, SCHOLARSHIPS FOR PRIVATE SCHOOL AND PROGRAM OVERHEAD / EVENTS.2ND ANNUAL CHARITY CORNHOLE TOURNAMENTTHE SACK IS AN ANNUAL CHARITY CORNHOLE TOURNAMENT THAT HOSTS 48 PLAYERS AND AN ADDITIONAL 60 ATTENDEES AND VOLUNTEERS. CLIENTS / SPONSORS ARE COMMERCIAL REAL ESTATE PROFESSIONALS (OFFICE, INDUSTRIAL, RETAIL FOCUSED). PROCEEDS GO TO SUPPORT RUCK FOR VETS PROGRAM. IMPACTS 30 PEOPLE, PROGRAM EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Sorenson CEO | 8 | $0 | |
Richard Myerson CFO | 1 | $0 | |
Adam Deierling Secretary | 5 | $0 | |
Greg Martin Board Member | 0 | $0 | |
Rob Antrobius Board Member | 0 | $0 | |
Rusty Smith Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,129 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$60,489 |
| Other Revenue | $0 |
| Total Revenue | $122,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,457 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,132 |
| Other expenses | $11,384 |
| Total expenses | $125,979 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,994 |
| Other assets | $0 |
| Total assets | $98,994 |
| Total liabilities | $7,974 |
| Net assets or fund balances | $91,020 |