Los Angeles Sports Council Foundation
- Assets
- $398.2k
- Revenue
- $556.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 95-4306740
Organization Overview
Los Angeles Sports Council Foundation is located in Santa Monica, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Sports Council 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, Los Angeles Sports Council Foundation generated $556.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $331.8k during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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 2015, Los Angeles Sports Council Foundation has awarded 14 individual grants totaling $1,134,540. 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 LOS ANGELES SPORTS COUNCIL FOUNDATION IS DEDICATED TO PROMOTING YOUTH ATHLETICS THROUGH ACTIVITIES AND EVENTS THAT ARE EDUCATIONAL AND CHARITABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOS ANGELES SPORTS COUNCIL FOUNDATION SIGNATURE EVENT IS THE LA SPORTS AWARDS, AN ANNUAL TELEVISED AWARDS SHOW. THE FOUNDATION ALSO SUPPORTS ITS RELATED ENTITIES, LA SPORTS COUNCIL AND THE SOUTHERN CALIFORNIA COMMITTEE FOR THE OLYMPICS GAMES TO FURTHER THEIR MISSIONS.
GREAT PUBLIC SCHOOLS NOW FUNDED GRANTS ARE FOR SUMMER SPORTS PROGRAMMING, DELIVERED THROUGH PARTNERSHIPS WITH VARIOUS LA SPORTS TEAMS AND ORGANIZATIONS. OVER 70 NONPROFIT ORGANIZATIONS, PHILANTHROPISTS, AND LOS ANGELES UNIFIED SCHOOL DISTRICT UNITED TO PROVIDE TRANSITIONAL LEARNING PROGRAMS IN THE SUMMER OF 2022. THE PROGRAMS WERE OFFERED TO STUDENTS IN LOW-INCOME COMMUNITIES TO PROVIDE ACADEMIC SUPPORT, PROJECT- BASED LEARNING AND A RECONNECTION WITH PEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ag Spanos Director | Trustee | 0.25 | $0 |
Adam Freier Director | Trustee | 0.25 | $0 |
Ajay Nwosu Director | Trustee | 0.25 | $0 |
Alan Rothenberg Director | Trustee | 0.25 | $0 |
Amy Stanton Director | Trustee | 0.25 | $0 |
Andy Knox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,281 |
| Fundraising events | $271,611 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $14,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,892 |
| Total Program Service Revenue | $192,200 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $304,790 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $3,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $4,058 |
| 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 | $13,796 |
| All other expenses | $0 |
| Total functional expenses | $331,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,164 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,200 |
| Accounts payable and accrued expenses | $749 |
| 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 | $15,215 |
| Total liabilities | $15,964 |
| Net assets without donor restrictions | $382,236 |
| 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 | $398,200 |
Grants Awarded
Over the last fiscal year, Los Angeles Sports Council Foundation has awarded $193,290 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES SPORTS COUNCIL PURPOSE: SUPPORT PROMOTION AND AWARENESS OF SPORTING ACTIVITIES IN LOS ANGELES. | $82,765 |
S CALIFORNIA COMMITTEE FOR THE OLYMPIC GAMES PURPOSE: SUPPORT PROMOTION AND AWARENESS OF SPORTING ACTIVITIES IN LOS ANGELES. | $110,525 |