La84 Foundation
- Assets
- $190.2m
- Revenue
- $1.8m
- Investments
- $178.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1990
- Data as of
- 12/2020
- EIN
- 95-3792725
Organization Overview
La84 Foundation is located in Los Angeles, CA. The organization was established in 1990. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. La84 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 12/2020, La84 Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, La84 Foundation has awarded 270 individual grants totaling $20,950,021. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
MARKETING AND DEVELOPMENT- THE FOUNDATION DISTRIBUTES INFORMATION ABOUT PROMOTING SPORTS AND SUPPORTS SPORTS AWARDS PROGRAMS.
PUBLIC PROGRAMS AND OUTREACH- INCLUDES PLAY EQUIPMENT DISTRIBUTION, A PLAY DAY, AND A VIRTUAL SUMMIT TO SHARE AND PROMOTE INFORMATION ON CLOSING THE PLAY EQUITY GAP.
EDUCATION SERVICES - THE FOUNDATION OPERATES, ON ITS PREMISES, A SPORTS LIBRARY WHICH CONTAINS ARCHIVES OF PRINTED MATERIALS, FILMS AND VIDEOS RELATED TO SPORTS. THE FOUNDATION ALSO OPERATES A WEBSITE DEDICATED TO SPORTS RESEARCH. THE FOUNDATION CONDUCTS COACHING CLINICS THROUGHOUT THE YEAR FOR VARIOUS TEAM SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renata Simril President | 50 | $403,805 | |
Marcia Suzuki Treasurer | 50 | $180,000 | |
Oscar Delgado Vice President, Part | 50 | $140,501 | |
Richard Zeller Director, Marketing | 50 | $125,000 | |
Anne-Marie Jones Chief Strategy Offic | 50 | $103,100 | |
Nolan Ortiz Director, Grants And | 50 | $88,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Baker Group | 12/30/21 | $52,500 |
Zambezi Llc | 12/30/21 | $349,668 |
The Maloney Firm Apc | 12/30/21 | $146,549 |
Bza Pr | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,997 |
| Interest on Savings | $27,704 |
| Dividends & Interest | $1,703,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $5,001,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,363 |
| Total Revenue | $1,838,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $650,140 |
| Other employee salaries and wages | $1,165,969 |
| Pension plans, employee benefits | $376,968 |
| Interest | $0 |
| Taxes | $394,160 |
| Depreciation | $42,811 |
| Occupancy | $189,383 |
| Travel, conferences, and meetings | $15,034 |
| Printing and publications | $12,896 |
| Other expenses | $1,067,226 |
| Total operating and administrative expenses | $4,585,725 |
| Contributions, gifts, grants paid | $6,891,494 |
| Total expenses and disbursements | $11,477,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,567 |
| Savings and temporary cash investments | $9,987,912 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $7,215 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $129,414 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $295,110 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $98,643,026 |
| Net Land, buildings, and equipment | $750,856 |
| Other assets | $1,544 |
| Total assets | $190,219,767 |
| Accounts payable and accrued expenses | $1,163,885 |
| Grants payable | $4,451,350 |
| 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 | $5,615,235 |
Grants Awarded
Over the last fiscal year, La84 Foundation has awarded $3,544,074 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: YOUTH SPORTS | $1,100,000 |
Santa Ana, CA PURPOSE: YOUTH SPORTS | $317,128 |
Twentynine Palms, CA PURPOSE: YOUTH SPORTS | $250,000 |
STUDENTS RUN AMERICA DBA STUDENTS RUN LA PURPOSE: YOUTH SPORTS | $125,000 |
CHALLENGED ATHLETES FOUNDATION PURPOSE: YOUTH SPORTS | $125,000 |
Studio City, CA PURPOSE: YOUTH SPORTS | $118,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that La84 Foundation has recieved totaling $17,616.
| Awarding Organization | Amount |
|---|---|
Specialty Family Foundation El Segundo, CA PURPOSE: GENERAL | $10,000 |
Ueberroth Family Foundation Los Angeles, CA PURPOSE: FOUNDATION GOAL | $5,116 |
G A Fowler Family Foundation Irvine, CA PURPOSE: PROMOTING CULTURAL AWARENESS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |