Los Angeles Lakers Youth Foundation
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 12/1992
- Data as of
- 07/2023
- EIN
- 95-4372410
Organization Overview
Los Angeles Lakers Youth Foundation is located in El Segundo, CA. The organization was established in 1992. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Los Angeles Lakers Youth 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 07/2023, Los Angeles Lakers Youth Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $739.0k during the year ending 07/2023. While expenses have increased by 2.5% 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 Lakers Youth Foundation has awarded 127 individual grants totaling $1,958,708. 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
THE FOUNDATION'S GOAL IS TO ASSIST NON-PROFIT COMMUNITY ORGANIZATIONS BASED ON NEED, WITH A FOCUS ON THE USE OF SPORTS TO PROMOTE EDUCATION, TEAMWORK, AND SELF-ESTEEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH GRANTS/ALLOCATIONS MADE TO ORGANIZATIONS PROVIDING ASSISTANCE TO THE COMMUNITY SUCH AS THOSE OFFERING SERVICES TO HELP CHILDREN AND LOCAL YOUTH PROGRAMS.
NON-CASH GRANTS/ALLOCATIONS MADE TO ORGANIZATIONS PROVIDING ASSISTANCE TO THE COMMUNITY SUCH AS THOSE OFFERING SERVICES TO HELP CHILDREN AND LOCAL YOUTH PROGRAMS.
BASKETBALL CLINICS ARE HELD ONCE OR TWICE MONTHLY FOR UNDERPRIVILEGED KIDS BETWEEN THE AGES OF FIVE AND EIGHTEEN AT VARIOUS LOCATIONS INCLUDING THE BOYS & GIRLS CLUBS, HOLA, PARKS AND CITY FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Rambis President, CEO | OfficerTrustee | 0.5 | $0 |
Janie Drexel Chairperson Of The Board | Trustee | 0.5 | $0 |
Aj Harris Chief Financial Officer, A | Officer | 0.5 | $0 |
Joshua Green Chief Legal Officer, Gener | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $261,816 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,539 |
| Total Program Service Revenue | $0 |
| Investment income | $3,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $731,956 |
| Net Income from Fundraising Events | $415,549 |
| Net Income from Gaming Activities | $1,536 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,503,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $360,107 |
| Grants and other assistance to domestic individuals. | $90,000 |
| 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 | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,386 |
| Advertising and promotion | $0 |
| Office expenses | $16,494 |
| 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 | $738,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,723,225 |
| Savings and temporary cash investments | $217,659 |
| 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 | $123,858 |
| 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 | $2,064,742 |
| Accounts payable and accrued expenses | $24,081 |
| Grants payable | $10,000 |
| 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 | $39,624 |
| Total liabilities | $73,705 |
| 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 | $1,991,037 |
| Total liabilities and net assets/fund balances | $2,064,742 |
Grants Awarded
Over the last fiscal year, Los Angeles Lakers Youth Foundation has awarded $84,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CASA OF LOS ANGELES PURPOSE: ORGANIZES THE COMMUNITY TO TAKE ACTION AND ADVOCATE FOR CHILDREN AND FAMILIES IN LA COUNTY'S OVERBURDENED CHILD WELFARE AND JUVENILE JUSTICE SYSTEMS. THROUGH AN INTENTIONAL, RESTORATIVE AND CULTURALLY RELEVANT LENS, WE TRAIN COMMITTED, CONSISTENT AND CARING ADULTS WHO PROVIDE EQUITABLE ACCESS TO RESOURCES AND LIFE-AFFIRMING CONNECTIONS. | $7,500 |
SKYHOOK FOUNDATION PURPOSE: AS THE FLAGSHIP PROGRAM OF THE FOUNDATION, CAMP SKYHOOK PARTNERS WITH LAUSD (LOS ANGELES UNIFIED SCHOOL DISTRICT) TO HELP INSPIRE CHILDREN FROM CULTURALLY, RACIALLY AND SOCIO-ECONOMICALLY DIVERSE NEIGHBORHOODS INTO THE GREAT OUTDOORS TO WORK TOGETHER. | $61,900 |
SOLA I CAN FOUNDATION PURPOSE: SOLA IMPACT IS A FAMILY OF SOCIAL IMPACT, REAL ESTATE FUNDS FOCUSED ON HIGH-QUALITY AFFORDABLE HOUSING, CATALYZING ECONOMIC DEVELOPMENT, AND PROVIDING ACCESS TO EDUCATIONAL OPPORTUNITIES IN LOW-INCOME COMMUNITIES. | $7,500 |
WALK WITH SALLY PURPOSE: PROVIDES HOPE THROUGH OUR INDIVIDUALIZED MENTORING AND COMMUNITY SUPPORT SERVICES TO EMPOWER CHILDREN EXPERIENCING TRAUMA THROUGH A PARENT, GUARDIAN OR SIBLING'S CANCER JOURNEY. | $7,500 |