Slam Foundation Inc
- Assets
- $8.5m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-5277840
Organization Overview
Slam Foundation Inc is located in Miami, FL. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Slam Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Slam Foundation Inc has awarded 17 individual grants totaling $14,029,859. 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 MISSION OF THE FOUNDATION IS TO ADVANCE LEARNING OPPORTUNITIES FOR CHILDREN OF ALL WALKS OF LIFE BY CREATING A NATIONAL NETWORK OF SLAM SCHOOLS THAT PREPARE STUDENTS FOR COLLEGE AND FOR SPORTS INDUSTRY CAREERS BEYOND COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLAM FOUNDATION, INC. SUPPORTS SEVERAL 501(C)(3) EDUCATIONAL ORGANIZATIONS WHICH OPERATE CHARTER SCHOOLS NATIONWIDE. THE SUPPORT THE FOUNDATION PROVIDES HELPS THESE CHARTER SCHOOLS DELIVER ENHANCED EDUCATIONAL SERVICES TO THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Ruiz President,chairman | OfficerTrustee | 2 | $0 |
Joseph Anthony Mesa Secretary, Director | OfficerTrustee | 2 | $0 |
Alina Lopez Vice President, Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
School Property Development Apollo Llc Rental Services | 12/30/21 | $987,343 |
Summit School Property Llc Rental Services | 12/30/21 | $1,501,051 |
School Property Development West Boca Ll Rental Services | 12/30/21 | $944,171 |
School Property Development Tampa Llc Rental Services | 12/30/21 | $233,430 |
Academica Management Educational Support Provider | 12/30/21 | $200,000 |
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 | $3,126,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,126,000 |
| Total Program Service Revenue | $3,690,757 |
| Investment income | $260 |
| 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 | $6,817,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,766,957 |
| Grants and other assistance to domestic individuals. | $65,093 |
| 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 | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,780 |
| Advertising and promotion | $3,778 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,665,996 |
| Travel | $37,920 |
| 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 | $31,730 |
| Insurance | $13,570 |
| All other expenses | $0 |
| Total functional expenses | $6,568,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,971,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,674,249 |
| 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 | $1,142,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,692,567 |
| Total assets | $8,480,329 |
| Accounts payable and accrued expenses | $3,370,861 |
| 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 | $1,484,410 |
| Total liabilities | $4,855,271 |
| 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 | $3,625,058 |
| Total liabilities and net assets/fund balances | $8,480,329 |
Grants Awarded
Over the last fiscal year, Slam Foundation Inc has awarded $1,766,957 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO EDUCATION | $1,684,000 |
SPORT LEADERSHIP AND MANAGEMENT INC PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO EDUCATION | $72,957 |
Miami, FL PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Slam Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |