La Clippers Foundation
- Assets
- $1.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 95-4493310
Organization Overview
La Clippers Foundation is located in Bellevue, WA. The organization was established in 1994. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Clippers 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 06/2021, LA Clippers Foundation generated $3.5m 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 (4.8%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, LA Clippers Foundation has awarded 288 individual grants totaling $39,023,044. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND SUPPORT COMMUNITY OUTREACH PROGRAMS & ACTIVITIES WITH POSITIVE EDUCATIONAL, CIVIC, ENVIRONMENTAL AND HUMANITARIAN VALUES THAT BENEFIT & ENHANCE THE LIVES OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READ TO ACHIEVE: THE READ TO ACHEIVE PROGRAM PROMOTES THE IMPORTANCE OF LITERACY BY PROVIDING GREATER ACCESS TO BOOKS AND TECHNOLOGY WHILE ENCOURAGING FAMILIES AND ADULTS TO READ REGULARLY WITH YOUNG CHILDREN.
STAY-IN-SCHOOL SCHOLARSHIPS: ASSISTS HIGH SCHOOL SENIORS LIVING IN THE GREATER LOS ANGELES AREA WHO ARE PLANNING TO ATTEND FOUR-YEAR COLLEGES.
PALMDALE COURT PROJECTS: THIS PROGRAM EXISTS TO STIMULATE AND SUSTAIN THE INTEREST OF PALMDALE'S YOUTH IN BASKETBALL, AND IS COMMITTED TO PROVIDING NEW BASKETBALL COURTS TO THE GENERAL PUBLIC IN THE CITY OF PALMDALE IN VISIBLE LOCATIONS WHICH STRIVES TO ADDRESS UNDERSERVED POPULATIONS IN PALMDALE, CALIFORNIA WHILE ALSO FOSTERING A COMMUNITY OF PHYSICALLY ACTIVE YOUTH.
READ TO ACHIEVE: THE READ TO ACHEIVE PROGRAM PROMOTES THE IMPORTANCE OF LITERACY BY PROVIDING GREATER ACCESS TO BOOKS AND TECHNOLOGY WHILE ENCOURAGING FAMILIES AND ADULTS TO READ REGULARLY WITH YOUNG CHILDREN.
STAY-IN-SCHOOL SCHOLARSHIPS: ASSISTS HIGH SCHOOL SENIORS LIVING IN THE GREATER LOS ANGELES AREA WHO ARE PLANNING TO ATTEND FOUR-YEAR COLLEGES.
PALMDALE COURT PROJECTS: THIS PROGRAM EXISTS TO STIMULATE AND SUSTAIN THE INTEREST OF PALMDALE'S YOUTH IN BASKETBALL, AND IS COMMITTED TO PROVIDING NEW BASKETBALL COURTS TO THE GENERAL PUBLIC IN THE CITY OF PALMDALE IN VISIBLE LOCATIONS WHICH STRIVES TO ADDRESS UNDERSERVED POPULATIONS IN PALMDALE, CALIFORNIA WHILE ALSO FOSTERING A COMMUNITY OF PHYSICALLY ACTIVE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Duckett President | OfficerTrustee | 1 | $0 |
Eric Chan Cfo/treasurer | OfficerTrustee | 1 | $0 |
Gillian Zucker Chairman Of The Board | OfficerTrustee | 1 | $0 |
Connie Ballmer Director | Trustee | 1 | $0 |
Denise Booth Director | Trustee | 25 | $0 |
Raymond Ortegaso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,337,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,337,920 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $109,170 |
| Net Income from Gaming Activities | $21,876 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,468,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,358,642 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $1,600 |
| Advertising and promotion | $0 |
| Office expenses | $150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $20 |
| 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 | $1,510,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,244,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,142 |
| 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 | $1,269,800 |
| Accounts payable and accrued expenses | $82,000 |
| Grants payable | $971 |
| Deferred revenue | $0 |
| 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 | $223,028 |
| Total liabilities | $305,999 |
| 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 | $963,801 |
| Total liabilities and net assets/fund balances | $1,269,800 |
Grants Awarded
Over the last fiscal year, La Clippers Foundation has awarded $4,480,670 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL DONATION | $1,010,000 |
Los Angeles, CA PURPOSE: GENERAL DONATION | $1,010,000 |
Washington, DC PURPOSE: GENERAL DONATION | $1,000,000 |
Washington, DC PURPOSE: GENERAL DONATION | $1,000,000 |
Los Angeles, CA PURPOSE: GENERAL DONATION | $100,000 |
Los Angeles, CA PURPOSE: GENERAL DONATION | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La Clippers Foundation has recieved totaling $3,200,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $3,200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bike Works Seattle Seattle, WA | $2,382,984 | $2,496,673 |
La Clippers Foundation Bellevue, WA | $1,269,800 | $3,468,997 |
Kitsap Tennis And Athletic Center Bremerton, WA | $1,011,335 | $966,802 |
Iron Dog Race Anchorage, AK | $171,552 | $865,550 |
Whittier Marina Condominium Association Inc Anchorage, AK | $1,336,898 | $592,121 |
Rave Foundation Seattle, WA | $574,075 | $1,049,128 |
Kenai River Sportfishing Association Inc Soldotna, AK | $4,804,569 | $446,757 |
International Drop-In Center Seattle, WA | $297,820 | $664,556 |
Girls On The Run Of Puget Sound Seattle, WA | $556,463 | $634,259 |
Disabled Sports Usa Bend, OR | $682,403 | $737,286 |
Whatcom Events Bellingham, WA | $171,139 | $467,467 |
Swell Events Washougal, WA | $134,026 | $356,415 |