Marcus Allen Foundation
- Assets
- $493.2k
- Revenue
- $435.9k
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3825123
Organization Overview
Marcus Allen Foundation is located in La Jolla, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcus Allen 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 12/2023, Marcus Allen Foundation generated $435.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $312.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Marcus Allen Foundation has awarded 12 individual grants totaling $330,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO USE OUR PLATFORM TO SUPPORT ORGANIZATIONS WHO PROVIDE ECONOMIC ASSISTANCE TO UNDERPRIVILEGED CHILDREN USING SPORTS AS AN OUTLET. LEADING TO MORE OPPORTUNITIES TO EMPOWER. COLLECTIVELY, MAKING A LARGER IMPACT ON OUR YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH AND UNDERPRIVILEGED SPORTS AND ECONOMIC ASSISTANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Allen Chairman | Trustee | 1 | $0 |
Stephen J Luczo Director | Trustee | 1 | $0 |
Sharon Jester Turney Director | Trustee | 1 | $0 |
Christopher Celentino Director | Trustee | 1 | $0 |
Ryan Gee Director | Trustee | 1 | $0 |
Denise Coleman President And CEO | Officer | 40 | $94,265 |
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 | $496,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,250 |
| 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 | -$60,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| Grants and other assistance to domestic individuals. | $5,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,265 |
| Compensation of current officers, directors, key employees. | $9,426 |
| 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 | $2,900 |
| 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 | $418 |
| 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 | $312,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,390 |
| 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 | $46,850 |
| 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 | $493,240 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $493,240 |
| Total liabilities and net assets/fund balances | $493,240 |
Grants Awarded
Over the last fiscal year, Marcus Allen Foundation has awarded $200,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JACKIE JOYNER KERSEE FOUNDATION PURPOSE: SUPPORTS ACADEMIC, ATHLETIC AND PERSONAL DEVELOPMENT OF CHILDREN. | $20,000 |
MIRACLE HOUSE FOUNDATION PURPOSE: SUPPORT SOBER LIVING HOUSE FOR MEN WHO ARE READY TO TURN THEIR LIFE AROUND FROM BATTLING DRUG AND ALCOHOL ADDICTION. | $25,000 |
TAMARA AND EDWARD GEORGE LEGACY FUND PURPOSE: PROVIDE ASSISTANCE TO ORGANIZATIONS AND INDIVIDUALS THAT SUPPORT EDUCATION, ENTERTAINMENT AND ENTREPRENEURSHIP. | $10,000 |
TRACEY BILETNIKOFF FOUNDATION PURPOSE: EDUCATIONAL PROGRAM THAT HELPS VICTIMS OF SUBSTANCE ABISE AND DOMESTIC VIOLENCE. | $10,000 |
LAUREUS SPORT FOR GOOD FOUNDATION USA PURPOSE: SUPPORT SPORTING PROGRAMS IN THE US | $70,000 |
LINCOLN HIGH SCHOOL PURPOSE: SUPPORT LINCOLN HIGH SCHOOL FOOTBALL | $30,000 |