La84 Foundation
- Assets
- $184.0m
- Revenue
- $2.6m
- Investments
- $173.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 95-3792725
Organization Overview
La84 Foundation is located in Los Angeles, CA. The organization was established in 1990. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. La84 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 12/2022, La84 Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, La84 Foundation has awarded 342 individual grants totaling $27,041,945. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EDUCATION AND AWARENESS THE FOUNDATION SHARES AND PROMOTES INFORMATION ABOUT THE IMPORTANCE OF SPORTS AND PLAY FOR YOUTH HEALTH AND WELLNESS OUTCOMES AND SUPPORTS SPORTS AWARDS PROGRAMS.
PUBLIC PROGRAMS AND OUTREACH INCLUDES PLAY EQUIPMENT DISTRIBUTION, A PLAY DAY, CONVENINGS AND EDUCATIONAL CONFERENCES TO SHARE AND PROMOTE INFORMATION ON CLOSING THE PLAY EQUITY GAP.
EDUCATION SERVICES - THE FOUNDATION OPERATES, ON ITS PREMISES, A SPORTS LIBRARY WHICH CONTAINS ARCHIVES OF PRINTED MATERIALS, FILMS AND VIDEOS RELATED TO SPORTS. THE FOUNDATION ALSO OPERATES A WEBSITE DEDICATED TO SPORTS RESEARCH. THE FOUNDATION CONDUCTS COACHING CLINICS THROUGHOUT THE YEAR FOR VARIOUS TEAM SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renata Simril President | 50 | $452,262 | |
Marcia Suzuki Treasurer | 50 | $190,000 | |
Debra Duncan Immediate Past Chair | 2 | $0 | |
William O'brien Chair | 2 | $0 | |
Lisa Wehrly Vice Chair | 2 | $0 | |
Maureen Kindel Secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zambezi Llc | 12/30/22 | $342,149 |
Hammond Entertainment Productions Llc | 12/30/22 | $98,787 |
Av Masters | 12/30/22 | $89,618 |
Career Group Inc | 12/30/22 | $62,969 |
The Baker Group | 12/30/22 | $54,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161,867 |
| Interest on Savings | $146,511 |
| Dividends & Interest | $1,958,373 |
| Net Rental Income | $25,600 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $2,459,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $286,037 |
| Total Revenue | $2,578,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $737,496 |
| Other employee salaries and wages | $1,263,494 |
| Pension plans, employee benefits | $427,763 |
| Interest | $0 |
| Taxes | $3,337 |
| Depreciation | $59,058 |
| Occupancy | $237,904 |
| Travel, conferences, and meetings | $271,401 |
| Printing and publications | $11,991 |
| Other expenses | $1,748,733 |
| Total operating and administrative expenses | $5,533,961 |
| Contributions, gifts, grants paid | $4,156,118 |
| Total expenses and disbursements | $9,690,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,676 |
| Savings and temporary cash investments | $8,693,812 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $144,540 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $107,407 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $231,644 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $102,376,764 |
| Net Land, buildings, and equipment | $888,040 |
| Other assets | $0 |
| Total assets | $183,962,171 |
| Accounts payable and accrued expenses | $1,075,934 |
| Grants payable | $2,150,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,225,934 |
Grants Awarded
Over the last fiscal year, La84 Foundation has awarded $6,091,924 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
LA'S BEST AFTERSCHOOL ENRICHMENT PROGRAM PURPOSE: YOUTH SPORTS | $200,000 |
PLAY EQUITY FUND PURPOSE: YOUTH SPORTS | $1,100,000 |
LULU'S PLACE INC PURPOSE: YOUTH SPORTS | $500,000 |
CALIFORNIA SCIENCE CENTER FOUNDATION PURPOSE: YOUTH SPORTS | $750,000 |
COUNTY OF LOS ANGELES DEPARTMENT OF PARKS AND RECREATION PURPOSE: YOUTH SPORTS | $354,768 |
LAUSDBEYOND THE BELL PURPOSE: YOUTH SPORTS | $465,830 |