The Play Equity Fund
- Assets
- $8.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1295322
Organization Overview
The Play Equity Fund is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Play Equity Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Play Equity Fund 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, Play Equity Fund generated $6.6m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 74.2% per year over the past 5 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, Play Equity Fund has awarded 88 individual grants totaling $2,000,975. 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
THE PLAY EQUITY FUND IS FOCUSED ON BRINGING THE TRANSFORMATIONAL POWER OF SPORT AND PLAY TO ALL CHILDREN, REGARDLESS OF THEIR RACE, GENDER, ZIP CODE OR SOCIO-ECONOMIC STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROGRAMS THAT PROVIDE YOUTH THE OPPORTUNITY TO PLAY SPORT BY PROVIDING EQUIPMENT TO PLAY.
SUPPORT PROGRAMS THAT ADDRESS AND ADVOCATE FOR SOCIAL JUSTICE THROUGH SPORT.
SUPPORT GOLF RELATED PROGRAMS TO INTRODUCE YOUTH TO THE SPORT OF GOLF.
SUPPORT PROGRAMS THAT INCREASE KNOWLEDGE AND AWARENESS OF THE IMPORTANCE OF SPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Glassman Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Zamora Chairman | OfficerTrustee | 1 | $0 |
Renata Simril President | OfficerTrustee | 5 | $0 |
Marcia Suzuki Treasurer | OfficerTrustee | 5 | $0 |
Derek Fisher Director | Trustee | 1 | $0 |
Jane Usher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zambezi Llc Professional Services - Communications | 12/30/21 | $245,000 |
Los Angeles Brotherhood Crusade- Black U Professional Services - Programs | 12/30/21 | $125,000 |
Hardercompany Community Research Professional Services - Programs | 12/30/21 | $108,425 |
Community Coalition For Substance Abuse Professional Services - Programs | 12/30/21 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $510,900 |
| Related organizations | $668,377 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,526,925 |
| Noncash contributions included in lines 1a–1f | $25,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,706,202 |
| Total Program Service Revenue | $0 |
| Investment income | $165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$85,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,621,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,893,475 |
| 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 | $180,331 |
| Pension plan accruals and contributions | $10,039 |
| Other employee benefits | $30,811 |
| Payroll taxes | $40,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $491,375 |
| Advertising and promotion | $0 |
| Office expenses | $59,036 |
| Information technology | $10,997 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,072,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,285,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,355,682 |
| 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 | $163,377 |
| Total assets | $8,804,590 |
| Accounts payable and accrued expenses | $273,928 |
| Grants payable | $460,155 |
| 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 | $734,083 |
| Net assets without donor restrictions | $1,730,768 |
| Net assets with donor restrictions | $6,339,739 |
| 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 | $8,804,590 |
Grants Awarded
Over the last fiscal year, The Play Equity Fund has awarded $1,880,975 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $105,155 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
Long Beach, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
SLOANE STEPHENS FOUNDATION PURPOSE: PROGRAM SUPPORT | $100,000 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that The Play Equity Fund has recieved totaling $3,456,548.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $1,500,000 |
La84 Foundation Los Angeles, CA PURPOSE: YOUTH SPORTS | $1,100,000 |
Los Angeles Chargers Charities Costa Mesa, CA | | $100,000 |
Los Angeles Rams Foundation Agoura Hills, CA PURPOSE: ANNUAL COMMITMENT | $100,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Joseph Drown Foundation Los Angeles, CA PURPOSE: OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |