Laureus Sport For Good Foundation Of America
- Assets
- $6.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 30-0047132
Organization Overview
Laureus Sport For Good Foundation Of America is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Laureus Sport For Good Foundation Of America 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, Laureus Sport For Good Foundation Of America generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Laureus Sport For Good Foundation Of America has awarded 331 individual grants totaling $20,700,160. 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 CHANGE THE LIVES OF YOUTH AND STRENGHTEN COMMUNITIES THOUGH THE POWER OF SPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTERS & MEMBERSHIP - SEE SCHEDULE O.
COACHING GRANTS - SEE SCHEDULE O.
RESEARCH & EVALUATION - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatima Alabdullah Director Of Finance | 40 | $112,731 | |
Mark Ratcliffe Board Treasurer & Vice Chair | OfficerTrustee | 1 | $0 |
Edwin Moses Board Chair | OfficerTrustee | 5 | $0 |
Christopher Massoni Board Member | Trustee | 1 | $0 |
James Ross Board Member | Trustee | 1 | $0 |
Nadia Comaneci Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leaddog Marketing | 12/30/18 | $258,846 |
We Coach Consulting | 12/30/18 | $125,000 |
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 | $4,310,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,310,797 |
| Total Program Service Revenue | $60,000 |
| Investment income | $1,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,372,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,697,900 |
| 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. | $125,800 |
| Compensation of current officers, directors, key employees. | $24,376 |
| 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 | $5,466 |
| Fees for services: Accounting | $21,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,000 |
| Advertising and promotion | $33,684 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,442 |
| 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 | $53,421 |
| Total functional expenses | $4,272,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,115,221 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,386,952 |
| 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 | $225,000 |
| Total assets | $6,727,173 |
| Accounts payable and accrued expenses | $354,535 |
| 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 | $225,000 |
| Total liabilities | $579,535 |
| Net assets without donor restrictions | $3,316,320 |
| Net assets with donor restrictions | $2,831,318 |
| 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 | $6,727,173 |
Grants Awarded
Over the last fiscal year, Laureus Sport For Good Foundation Of America has awarded $2,681,900 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $203,750 |
Oak Park, IL PURPOSE: GENERAL SUPPORT | $150,000 |
LEAD INC PURPOSE: GENERAL SUPPORT | $110,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $93,750 |
New Orleans, LA PURPOSE: GENERAL SUPPORT | $85,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Laureus Sport For Good Foundation Of America has recieved totaling $2,752,111.
| Awarding Organization | Amount |
|---|---|
Comic Relief Inc New York, NY PURPOSE: PROGRAM SUPPORT | $2,250,000 |
Foot Locker Foundation Inc New York, NY PURPOSE: General support for sport related programs for youth in the community. | $375,000 |
National Recreation Foundation Inc Lake Forest, IL PURPOSE: IN SUPPORT OF RECREATION PROGRAMMING THAT GETS ALL YOUTH ACTIVE AND OUTDOORS | $100,000 |
Fulk Family Foundation Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
The Community Foundation Of Delaware County Lewis Center, OH PURPOSE: GRANT FOR THE MICHAEL C. KRAFT SCHOLARSHIP FUND | $9,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,060 |
Endowment Analysis
| Beg. Balance | $4,569,535 |
| Net Contributions | $4,351,281 |
| Other Expense | $4,287,154 |
| Ending Balance | $4,633,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |