Foot Locker Foundation Inc
- Assets
- $2.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2002
- Data as of
- 01/2022
- EIN
- 52-2348625
Organization Overview
Foot Locker Foundation Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foot Locker 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.
For the year ending 01/2022, Foot Locker Foundation Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $3.7m during the year ending 01/2022. While expenses have increased by 15.6% per year over the past 7 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 2021, Foot Locker Foundation Inc has awarded 18 individual grants totaling $3,468,850. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS COMMITTED TO SUPPORTING YOUTH, ATHLETICS, EDUCATION, AND THE COMMUNITIES IN WHICH FOOT LOCKER, INC. HAS OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOT LOCKER SCHOLAR ATHLETES PROGRAM AWARDS NINETEEN $5,000 AND ONE $6,250 SCHOLARSHIPS PER YEAR FOR FOUR YEARS TO HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC EXCELLENCE AND EXEMPLIFY STRONG LEADERSHIP SKILLS BOTH IN SPORTS AND WITHIN THEIR COMMUNITIES. THE FOUNDATION ALSO AWARDS NINETEEN $5,000 AND ONE $10,000 SCHOLARSHIPS TO EMPLOYEES OF FOOT LOCKER, INC. AND ITS SUBSIDIARIES. THE CRITERIA FOR AWARDING THESE SCHOLARSHIPS IS THE SAME AS FOR THE EXTERNAL PROGRAMS BUT FURTHER LIMITED BY THE GUIDELINES IN REV. PROC. 76-47. OFFICERS AND DIRECTORS (AND THEIR CHILDREN) OF THE FOUNDATION OR OF FOOT LOCKER, INC. ARE NOT ELIGIBLE FOR THE INTERNAL PROGRAM. IN 2020, THE FOUNDATION ESTABLISHED A NEW SCHOLARSHIP PROGRAM BENEFITING TEN FLI BLACK TEAM MEMBERS WITH SCHOLARSHIPS OF $5,000 EACH WHICH IS MANAGED BY A THIRD PARTY. THE FOUNDATION HAS ALSO ESTABLISHED A SCHOLARSHIP THROUGH THE CHAMPS SPORTS FOUNDATION WHICH AWARDS TWELVE ONE-YEAR SCHOLARSHIPS OF $2,500.
THE FOOT LOCKER FOUNDATION MAKES GRANTS TO OTHER 501(C)(3) ORGANIZATIONS. THE LARGEST GRANTS IN 2021 WERE TO THE LOCAL INITIATVIES SUPPORT CORPORATION AND LAUREUS SPORT FOR GOOD FOUNDATION AS DETAILED ON SCHEDULE I, PART II.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Various Former - Avail Upon Request Various- Former Directors Officers | OfficerTrustee | 0 | $0 |
Various-Available Upon Request Various-Current Directors Officers | OfficerTrustee | 0 | $0 |
Richard A Johnson Director And President | OfficerTrustee | 0 | $0 |
Andrew Page Director And Executive Vice President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edelman Inc Public Relations | 1/30/21 | $116,837 |
Do Something Inc Scholarship Administration | 1/30/21 | $137,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,922,850 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,090,926 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| 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 | $5,090,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,915,100 |
| Grants and other assistance to domestic individuals. | $552,500 |
| 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 | $14,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,879 |
| Advertising and promotion | $0 |
| Office expenses | $40,570 |
| 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 | $3,673,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,527,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $103,398 |
| 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 | $2,631,002 |
| Accounts payable and accrued expenses | $229,809 |
| 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 | $229,809 |
| Net assets without donor restrictions | $2,401,193 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,631,002 |
Grants Awarded
Over the last fiscal year, Foot Locker Foundation Inc has awarded $2,873,850 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: General support for project development and investment to transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity. | $750,000 |
New York, NY PURPOSE: General support for project development and investment to transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity. | $750,000 |
New York, NY PURPOSE: General support for sport related programs for youth in the community. | $375,000 |
Detroit, MI PURPOSE: General support | $248,850 |
Atlanta, GA PURPOSE: General support for educational and sports related programs for youth in the community. | $200,000 |
Alexandria, VA PURPOSE: General support to enhance the financial and economic literacy of individuals and american households. | $195,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foot Locker Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Hands And Hearts Smart Response Inc Mattapoisett, MA | $9,975,050 | $9,148,388 |
New York Disaster Interfaith Services Inc New York, NY | $1,215,905 | $3,973,628 |
New Jersey Emergency Medical Services Task Force Support Group Neptune, NJ | $1,607,746 | $6,008,506 |
Northwest Emergency Medical Services Inc Elizabethtown, PA | $7,341,931 | $4,423,978 |
The Cantor Fitzgerald Relief Fund New York, NY | $15,461,041 | $7,931,714 |
Order Of Malta Worldwide Relief Malteser International Americas New York, NY | $6,306,407 | $9,070,949 |
Foot Locker Foundation Inc New York, NY | $2,631,002 | $5,090,961 |
Hatzolah Emergency Medical Services Inc Lakewood, NJ | $8,708,564 | $5,878,916 |
Haiti Air Ambulance Service Inc Melville, NY | $5,771,221 | $4,102,528 |
Hatzalah Of The Rockaways & Nassau County Inc Far Rockaway, NY | $8,706,144 | $4,943,822 |
Tuesdays Children Manhasset, NY | $2,126,606 | $3,255,466 |
Childrens Aid Society Of Mercer County Mercer, PA | $1,039,826 | $2,286,304 |