Skechers Foundation
- Assets
- $4.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-3158320
Organization Overview
Skechers Foundation is located in Manhattan Beach, CA. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skechers 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, Skechers Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Skechers Foundation has awarded 134 individual grants totaling $13,460,859. 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
TO SUPPORT PROGRAMS THAT PROVIDE THE GENERAL PUBLIC WITH EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS GRANTS FOR PROGRAMS SUPPORTING EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING TOTALING $3,379,150. GRANTS WERE MADE TO TWO ORGANIZATIONS FOR DISASTER RELIEF IN UKRAINE TOTALING APPROXIMATELY $370,000. FINALLY, THE ORGANIZATION HAS A SCHOLARSHIP PROGRAM IN WHICH ALL CHILDREN WHO ARE HIGH SCHOOL SENIORS OF SKECHERS USA EMPLOYEES ARE ELIGIBLE TO PARTICIPATE. DURING THE YEAR, 24 INDIVIDUAL SCHOLARSHIPS WERE AWARDED TOTALING $100,000.
VARIOUS GRANTS FOR PROGRAMS SUPPORTING EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING TOTALING $2,359,195. GRANTS WERE MADE TO TWO ORGANIZATIONS FOR DISASTER RELIEF IN UKRAINE TOTALING APPROXIMATELY $335,000. FINALLY, THE ORGANIZATION HAS A SCHOLARSHIP PROGRAM IN WHICH ALL CHILDREN WHO ARE HIGH SCHOOL SENIORS OF SKECHERS USA EMPLOYEES ARE ELIGIBLE TO PARTICIPATE. DURING THE YEAR, 24 INDIVIDUAL SCHOLARSHIPS WERE AWARDED TOTALING $100,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Weinberg Director/president | OfficerTrustee | 1 | $0 |
Sean Galliher Director/secretary | OfficerTrustee | 1 | $0 |
Mark Bravo Left Oct 2022 Director/treasurer | OfficerTrustee | 1 | $0 |
Michael Greenberg Director | Trustee | 1 | $0 |
Marcee Mackey Director | Trustee | 2 | $0 |
Robin Curren Start Oct 2022 Treasurer | Officer | 15 | $15,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,287,439 |
| Related organizations | $2,001,483 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,288,922 |
| Total Program Service Revenue | $0 |
| Investment income | $1,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$288,786 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,001,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,359,195 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $335,253 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,625 |
| Compensation of current officers, directors, key employees. | $1,563 |
| 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 | $6,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,375 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,435 |
| Total functional expenses | $2,877,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,459,256 |
| Savings and temporary cash investments | $1,001,848 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $0 |
| 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 | $4,611,104 |
| Accounts payable and accrued expenses | $62,997 |
| Grants payable | $2,510,911 |
| 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 | $621,308 |
| Total liabilities | $3,195,216 |
| Net assets without donor restrictions | $1,415,888 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,611,104 |
Grants Awarded
Over the last fiscal year, Skechers Foundation has awarded $5,560,295 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
THE FRIENDSHIP FOUNDATION PURPOSE: GENERAL SUPPORT | $1,238,114 |
TORRANCE EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $383,736 |
MANHATTAN BEACH EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $246,256 |
REDONDO BEACH EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $278,535 |
PENINSULA EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $240,581 |
HERMOSA BEACH EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $217,303 |