Foot Locker Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2002
- Data as of
- 01/2024
- 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 01/2024, Foot Locker Foundation Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.3m during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Foot Locker Foundation Inc has awarded 29 individual grants totaling $7,291,779. 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
2024
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 TWENTY-NINE $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. THE FOUNDATION ENGAGES A THIRD PARTY TO DEVELOP AND MANAGE THE SCHOLARSHIP PROCESS.
THE FOOT LOCKER FOUNDATION MAKES GRANTS TO OTHER 501(C)(3) ORGANIZATIONS. THE LARGEST GRANTS IN 2023 WAS TO THE LOCAL INITIATIVES SUPPORT CORPORATION 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 | 0 | $0 | |
Various Current-Avail Upon Request Various- Current Directors Officers | OfficerTrustee | 0 | $0 |
Mary Dillon President And CEO | 0 | $0 | |
Frank Bracken Director And President | OfficerTrustee | 0 | $0 |
Elliott Rodgers Evp & Chief Operations Officer | 0 | $0 | |
Robert Higginbotham Senior Vice President And Treasurer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Do Something Inc Scholarship Administration | 1/30/21 | $137,882 |
Edelman Inc Public Relations | 1/30/21 | $116,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $740,760 |
| Related organizations | $500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,644 |
| Noncash contributions included in lines 1a–1f | $9,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,404 |
| Total Program Service Revenue | $0 |
| Investment income | $14,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,292,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,472,929 |
| Grants and other assistance to domestic individuals. | $503,195 |
| 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 | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,576 |
| Advertising and promotion | $0 |
| Office expenses | $21,379 |
| 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 | $3,258,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,135,142 |
| 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 | $270,100 |
| 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 | $2,405,242 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
| Net assets without donor restrictions | $2,400,242 |
| 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 | $2,405,242 |
Grants Awarded
Over the last fiscal year, Foot Locker Foundation Inc has awarded $2,472,929 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: General Grant | $250,000 |
LAUREUS SPORT FOR GOOD PURPOSE: General Grant | $300,000 |
LOCAL INITIATIVES SUPPORT CORP PURPOSE: General Grant | $1,500,000 |
TWO TEN FOOTWEAR FOUNDATION INC PURPOSE: General Grant | $12,929 |
TWO TEN FOOTWEAR FOUNDATION INC PURPOSE: General Grant | $100,000 |
UNITED NEGRO COLLEGE FUND PURPOSE: General Grant | $10,000 |