Billie Jean King Leadership Initiative Foundation
- Assets
- $2.0m
- Revenue
- $579.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Randolph, NJ
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-4755352
Organization Overview
Billie Jean King Leadership Initiative Foundation is located in Randolph, NJ. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billie Jean King Leadership Initiative 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, Billie Jean King Leadership Initiative Foundation generated $579.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $592.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Billie Jean King Leadership Initiative Foundation has awarded 52 individual grants totaling $1,756,518. 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 CONTINUE THE LIFELONG PURSUIT OF SPORTS ICON AND EQUALITY CHAMPION BILLIE JEAN KING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BILLTHE BILLIE JEAN KING LEADERSHIP INITIATIVE FOUNDATION'S PROGRAMS ARE DEDICATED TO CREATING AN EQUITABLE FUTURE FOR ALL THROUGH THE POWER OF SPORT, EDUCATION, AND ACTIVISM. AS A GRANT-MAKING NON-PROFIT, WE PARTNER WITH DIVERSE ORGANIZATIONS TO CREATE A MORE EQUITABLE AND INCLUSIVE WORLD WHERE EVERYONE HAS THE OPPORTUNITY TO THRIVE.SEE SCHEDULE O FOR CONTINUATION OF THE PROGRAM NARRATIVESPORTS: THE BILLIE JEAN KING LEADERSHIP INITIATIVE FOUNDATION RECOGNIZES SPORTS NOT ONLY AS A MEANS OF PHYSICAL ACTIVITY AND COMPETITION BUT ALSO AS A POWERFUL PATHWAY TO PERSONAL GROWTH, COMMUNITY ENGAGEMENT, AND SOCIAL CHANGE. WE ARE COMMITTED TO PARTNERING WITH AND SUPPORTING ORGANIZATIONS AND INDIVIDUALS WHO HARNESS THE UNIQUE BENEFITS OF SPORTS TO EMPOWER INDIVIDUALS, CULTIVATE LEADERSHIP SKILLS, AND FOSTER INCLUSIVE COMMUNITIES.EDUCATION: THE BILLIE JEAN KING LEADERSHIP INITIATIVE FOUNDATION IS COMMITTED TO ADVANCING ACCESS FOR EDUCATION, LEADERSHIP DEVELOPMENT AND ENSURING THAT WE SUPPORT EFFORTS TO PROTECT AND PRESERVE IMPORTANT HISTORIES. THROUGH INNOVATIVE PROGRAMS, STRATEGIC PARTNERSHIPS, AND GRASSROOTS INITIATIVES, WE SUPPORT THE POTENTIAL OF INDIVIDUALS AND COMMUNITIES, EQUIPPING THEM WITH THE KNOWLEDGE, SKILLS, AND CONFIDENCE TO LEAD WITH PURPOSE AND IMPACT.ACTIVISM: THE BILLIE JEAN KING LEADERSHIP INITIATIVE FOUNDATION SUPPORTS THE ORGANIZATIONS THAT ARE ADVANCING THE NEXT GENERATION OF ACTIVISTS. THOSE WHO WILL USE THEIR SKILL, POWER AND PLATFORM TO ADVANCE POSITIVE CHANGE. BY INVESTING IN PROGRAMS THAT ADDRESS SYSTEMIC BARRIERS AND PROMOTE SOCIAL CHANGE, WE AIM TO CREATE A MORE EQUITABLE AND JUST SOCIETY WHERE EVERY INDIVIDUAL HAS THE OPPORTUNITY TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Jean King Director | Trustee | 5 | $0 |
Ilana Kloss Director | Trustee | 5 | $0 |
Michael Coakley Vice President & Secretary | Officer | 5 | $0 |
Merle Blackman Treasurer | Officer | 5 | $0 |
Therese O'higgins Executive Director | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billie Jean King Enterprises Inc Executive Management | 12/30/21 | $240,000 |
Nformation Llc Research Consulting | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,143 |
| Investment income | $2,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,520 |
| Net Income from Fundraising Events | $38,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,735 |
| Statement of Expenses | |
|---|---|
| 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 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 | $240,000 |
| Fees for services: Legal | $67 |
| Fees for services: Accounting | $24,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,395 |
| Advertising and promotion | $0 |
| Office expenses | $190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,182 |
| 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 | $1,167 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $592,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,736,731 |
| Pledges and grants receivable | $25,000 |
| 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 |
| Investments—publicly traded securities | $256,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,042 |
| Other assets | $0 |
| Total assets | $2,020,517 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,020,517 |
| 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 |
| Total liabilities and net assets/fund balances | $2,020,517 |
Grants Awarded
Over the last fiscal year, Billie Jean King Leadership Initiative Foundation has awarded $525,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LONG BEACH PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
NATIONAL WOMEN'S LAW CENTER PURPOSE: GENERAL SUPPORT | $50,000 |
ATHLETE ALLY PURPOSE: GENERAL SUPPORT | $15,000 |
LOS ANGELES DODGERS FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
MALIVAI WASHINGTON KIDS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
HARLEM JUNIOR TENNIS & EDUCATION PROGRAM PURPOSE: GENERAL SUPPORT | $25,000 |