Skechers Foundation
- Assets
- $4.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 10/2010
- Data as of
- 12/2021
- 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 12/2021, Skechers Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Skechers Foundation has awarded 81 individual grants totaling $7,900,564. 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 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 CASH GRANTS FOR PROGRAMS SUPPORTING EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING. IN ADDITION, DURING THE PANDEMIC, CASH GRANTS TOTALING $180,000 WERE MADE TO 22 LOCAL RESTAURANTS TO HELP SUCH RESTAURANTS WITH THEIR ECONOMIC WELL-BEING. FINALLY, DURING THE YEAR, GRANTS WERE MADE TO THREE ORGANIZATIONS FOR DISASTER RELIEF AS A RESULT OF A MASSIVE EARTHQUAKE IN HAITI TOTALING $1,100,000.
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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 Director/treasurer | OfficerTrustee | 1 | $0 |
Michael Greenberg Director | Trustee | 1 | $0 |
Marcee Mackey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,943,239 |
| Related organizations | $3,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,943,239 |
| 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 | -$228,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,715,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,203,342 |
| 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 | $6,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,250 |
| 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 | $0 |
| Total functional expenses | $4,298,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,045,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,045,629 |
| Accounts payable and accrued expenses | $43,210 |
| Grants payable | $0 |
| 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 | $1,038,812 |
| Total liabilities | $1,082,022 |
| Net assets without donor restrictions | $2,963,607 |
| 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 | $4,045,629 |
Grants Awarded
Over the last fiscal year, Skechers Foundation has awarded $4,035,942 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Redondo Beach, CA PURPOSE: GENERAL SUPPORT | $1,578,193 |
Westminster, MD PURPOSE: DISASTER RELIEF | $500,000 |
Los Angeles, CA PURPOSE: DISASTER RELIEF | $475,000 |
Torrance, CA PURPOSE: GENERAL SUPPORT | $257,016 |
Redondo Beach, CA PURPOSE: GENERAL SUPPORT | $202,558 |
Hermosa Beach, CA PURPOSE: GENERAL SUPPORT | $163,899 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Skechers Foundation has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
Irell & Manella Foundation Los Angeles, CA PURPOSE: SUPPORTS CHILDREN WITH SPECIAL NEEDS AND EDUCATION | $10,000 |
Munger Tolles & Olson Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |