Los Angeles Chargers Charities
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 33-0670086
Organization Overview
Los Angeles Chargers Charities, operating under the name Los Angeles Chargers Impact Fu, is located in Costa Mesa, CA. The organization was established in 1995. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Chargers Impact Fu 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 12/2023, Los Angeles Chargers Impact Fu generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Los Angeles Chargers Impact Fu has awarded 63 individual grants totaling $2,500,512. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARGERS IMPACT FUND IS COMMITTED TO HELPING FAMILIES THRIVE IN AND AROUND SOUTHERN CALIFORNIA. WE FOCUS OUR EFFORTS THROUGH OUR FOUR IMPORTANT FOUNDATIONAL PILLARS: YOUTH EMPOWERMENT, SUPPORTING FAMILIES, ANIMAL WELFARE AND EMERGENCY RESPONSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARGERS IMPACT FUND HAS SUPPORTED SOUTHERN CALIFORNIA THROUGH OUR MISSION AND IMPACT AREAS FOR MORE THAN TWO DECADES. OUR PROGRAMS SUCH AS BOLTS BOOK CLUB HAS PROVIDED MORE THAN 15,000 BOOKS TO SCHOOLS, STUDENTS, AND NONPROFITS TO HELP ADDRESS THE LITERACY EPIDEMIC. THROUGH THE BOLT ACADEMY PROGRAM, MORE THAN 50 INGLEWOOD UNIFIED SCHOOL DISTRICT STUDENTS HAVE RECEIVED LEADERSHIP AND CAREER DEVELOPMENT TRAINING ALONG WITH THE OPPORTUNITY TO WORK WITH THE CHARGERS ON GAMEDAY. IN ADDITION, THE CHARGERS CHAMPIONS PROGRAM HAS CONTINUED TO PROVIDE SCHOOLS WITH GRANTS TO IMPROVE FACILITIES AND THE HEALTH AND WELL-BEING OF STUDENTS IN SAN DIEGO AND IMPERIAL COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Spanos Board Member | Trustee | 1 | $0 |
Janice Brown Board Member | Trustee | 1 | $0 |
Larry English Board Member | Trustee | 1 | $0 |
Ag Spanos President | OfficerTrustee | 1 | $0 |
Tim Romer Treasurer | OfficerTrustee | 1 | $0 |
Sharon Hernandez Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $353,568 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $630,076 |
| Noncash contributions included in lines 1a–1f | $47,189 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $983,644 |
| Total Program Service Revenue | $0 |
| Investment income | $863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$136,853 |
| Net Income from Gaming Activities | $261,213 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,108,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $623,472 |
| 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 | $16,935 |
| Fees for services: Accounting | $5,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,150 |
| Office expenses | $17,309 |
| 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 | $5,000 |
| All other expenses | $0 |
| Total functional expenses | $1,055,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,469,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,458 |
| 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 | $2,493,949 |
| Accounts payable and accrued expenses | $397,725 |
| 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 | $0 |
| Total liabilities | $397,725 |
| Net assets without donor restrictions | $1,873,670 |
| Net assets with donor restrictions | $222,554 |
| 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 | $2,493,949 |
Grants Awarded
Over the last fiscal year, Los Angeles Chargers Charities has awarded $623,272 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY | | | $10,000 |
AMERICAN RED CROSS | | | $18,660 |
THE PLAY EQUITY FUND | | | $100,000 |
EMPOWER CHARTER SCHOOL | | | $28,500 |
PALO VERDE UNIFIED SCHOOL DISTRICT | | | $45,000 |
VISTA USD VISTA HS | | | $70,000 |