Lafc Sports Foundation
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4683101
Organization Overview
Lafc Sports Foundation is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafc Sports 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, Lafc Sports Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $878.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lafc Sports Foundation has awarded 23 individual grants totaling $1,205,154. 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 LAFC FOUNDATION FURTHERS OUR CLUB'S MISSION OF UNITING THE WORLD'S CITY THROUGH (SEE SCHEDULE O) THE WORLD'S GAME, BRINGING JOY TO PEOPLE, AND BEING A FORCE FOR GOOD IN OUR COMMUNITY BY SUPPORTING CRITICAL PROGRAMS AND BRINGING THE INDOMITABLE BLACK & GOLD SPIRIT WHEREVER WE GO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.TO SUPPORT UNDERSERVED LOS ANGELES YOUTH BY CREATING NEW SOCCER PITCHES, INCREASING ACCESS TO ATHLETIC PROGRAMS, SUPPORTING INNOVATIVE EDUCATIONAL PROGRAMS IN PUBLIC SCHOOLS, AND PROVIDING LEADERSHIP DEVELOPMENT AND MENTORSHIP SERVICES.BY LEVERAGING THE LAFC BRAND AND ITS DEDICATED, IMPASSIONED COMMUNITY OF FANS AND STAKEHOLDERS, THE FOUNDATION HAS POSITIVELY IMPACTED OVER 30,000 DISADVANTAGED PEOPLE AND UNDERSERVED YOUTH IN THE GREATER LOS ANGELES AREA. THIS INCLUDES THE DEVELOPMENT OF 16 FUTSAL COURTS BY END OF 2020, 9 COMPLETED IN 2021. OTHER PROGRAMS INCLUDE THE FUNDING OF THE YOUTH LEADERSHIP PROGRAM (YLP) AT THE BRESEE FOUNDATION, THE FALCON SCHOLARS PROGRAMS IN ADDITION TO PROVIDING ACCESS TO HEALTH AND WELLBEING SUPPORT THROUGH FREE SOCCER CLINICS, HOSTING BLOOD DRIVES, FOOD DRIVES, AND CAREER SESSIONS FOR YOUTH WITH LADWP. THE FOUNDATION ALSO SUPPORED THE ALLIANCE, COLLABORATION OF 11 PROFESSIONAL SPORTS TEAMS IN GREATER LA, TO PURSUE CHANGE IN COMMUNITIES OF COLOR BY DRIVING INVESTMENT AND IMPACT FOR SOCIAL JUSTICE THROUGH SPORT. AND WE'RE EVEN PROUDER THAT WE COULD HOST THE HUGELY SUCCESSFUL UNITY MARCH AND DIALOGUE LAST JULY AT THE BANC OF CALIFORNIA STADIUM.LASTLY, GIVEN THAT THE MLS ALL-STAR WEEKEND WAS HOSTED IN LA, IN PARTNERSHIP WITH TARGET, WE HELD SOCCER CLINICS AND GIVEAWAYS AT LENNOX MIDDLE SCHOOL AND DAVIS MIDDLE SCHOOL. WE COMBINED SPORT AND SERVICE IN PARTNERSHIP WITH HASHTAG LUNCH BAG AT OUR MLS DAY OF SERVICE, EMPOWERING FANS AND GUESTS TO PREPARE 1,500 LUNCHES AND 2,500 SCHOOL BAGS FOR UNDERSERVED MEMBERS OF OUR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Reed Begin 1021 Executive Director | Officer | 40 | $27,823 |
Alina Beruff Thru 0321 Executive Director | Officer | 40 | $22,208 |
Bennett Rosenthal Chairman | OfficerTrustee | 4 | $0 |
Larry Berg Treasurer | OfficerTrustee | 3 | $0 |
Stacy Johns CFO | Officer | 3 | $0 |
Benny Tan Evp Corporate Strategy | Officer | 3 | $0 |
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 | $1,446,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,446,668 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,446,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $444,933 |
| 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. | $61,124 |
| Compensation of current officers, directors, key employees. | $61,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,090 |
| Payroll taxes | $8,748 |
| Fees for services: Management | $6,535 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $302,156 |
| 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 | $878,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $398,477 |
| 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 | $1,380,714 |
| Accounts payable and accrued expenses | $585,200 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $625,200 |
| Net assets without donor restrictions | $0 |
| 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 | $755,514 |
| Total liabilities and net assets/fund balances | $1,380,714 |
Grants Awarded
Over the last fiscal year, Lafc Sports Foundation has awarded $410,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FUTSAL MINI-PITCHES | $210,000 |
Los Angeles, CA PURPOSE: ALLIANCE: LA INITIATIVE | $100,000 |
Los Angeles, CA PURPOSE: YOUTH LEADERSHIP PROGRAM | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lafc Sports Foundation has recieved totaling $298,030.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $100,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Allison And Bennett Rosenthal Charitable Foundation Florham Park, NJ PURPOSE: GENERAL UNRESTRICTED | $58,030 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
Tsao Family Charitable Foundation Arcadia, CA PURPOSE: TO HELP LAFC SPORTS FOUNDATION OFFER A RANGE OF FREE RESOURCES INCLUDING FINANCIAL ASSISTANCE, FRESH PRODUCE AND PERISHABLE FOOD ITEMS, ACCESS TO FREE PERSONAL PROTECTIVE EQUIPMENT (PPE) AND ADDITIONAL OPPORTUNITIES AS THEY ARISE. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cityserve Network Bakersfield, CA | $4,069,087 | $94,473,161 |
Movement Strategy Center Oakland, CA | $26,305,991 | $30,747,629 |
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |