La Clippers Foundation
- Assets
- $751.2k
- Revenue
- $420.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 95-4493310
Organization Overview
La Clippers Foundation is located in Bellevue, WA. The organization was established in 1994. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Clippers 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 06/2022, LA Clippers Foundation generated $420.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, LA Clippers Foundation has awarded 246 individual grants totaling $35,741,890. 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
TO FOSTER AND SUPPORT COMMUNITY OUTREACH PROGRAMS & ACTIVITIES WITH POSITIVE EDUCATIONAL, CIVIC, ENVIRONMENTAL AND HUMANITARIAN VALUES THAT BENEFIT & ENHANCE THE LIVES OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JR. CLIPPERS: THIS PROGRAM PROVIDES A PLATFORM TO PROMOTE HEALTHY, ACTIVE LIFESTYLES FOR CHILDREN OF THE GREAT LOS ANGELES AREA. CHILDREN AGES 5-14 ARE TAUGHT THE FUNDAMENTALS OF BASKETBALL,SPORTSMANSHIP AND ATHLETICS THROUGH JR. CLIPPERS LEAGUES, CLINICS AND CAMPS.
FEED THE COMMUNITY: AN ANNUAL EVENT THAT SEES THE LA CLIPPERSPARTNERING WITH FEED THE CHILDREN TO HAND OUT BOXES FULL OF HOUSEHOLDESSENTIALS TO FAMILIES IN NEED.
GIVING BACK TO THE COMMUNITY: AN ANNUAL EVENT IN CONJUNCTION WITH THE LA REGIONAL FOOD BANK AND PLANET FITNESS TO PACK BOXES OF FOOD AND PRODUCE TO DISTRIBUTE TO FAMILIES AT A DRIVE-THROUGH STATION IN INGLEWOOD, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Booth President | Trustee | 25 | $0 |
Gillian Zucker Chairman Of The Board | OfficerTrustee | 1 | $0 |
Brandt Vaughan Director | Trustee | 1 | $0 |
Connie Ballmer Director | Trustee | 1 | $0 |
Eric Chan Cfo/treasurer | OfficerTrustee | 1 | $0 |
Alex Winsberg Chief Legal Officer | OfficerTrustee | 1 | $0 |
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 | $359,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,513 |
| Total Program Service Revenue | $0 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $870,606 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,845 |
| Advertising and promotion | $0 |
| Office expenses | $15,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $2,571 |
| 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 | $6,536 |
| Total functional expenses | $1,132,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,526 |
| 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 | $751,239 |
| Accounts payable and accrued expenses | $10,500 |
| 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 | $488,963 |
| Total liabilities | $499,463 |
| 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 | $251,776 |
| Total liabilities and net assets/fund balances | $751,239 |
Grants Awarded
Over the last fiscal year, La Clippers Foundation has awarded $463,297 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LEARN FRESH EDUCATION CO PURPOSE: GENERAL DONATION | $35,000 |
THE PLAY EQUITY FUND PURPOSE: GENERAL DONATION | $100,000 |
DRIVING FORCE GROUP INC PURPOSE: GENERAL DONATION | $40,000 |
AGUA CALIENTE BAND OF CAHUILLA INDIANS PURPOSE: GENERAL DONATION | $10,000 |
YMCA OF METROPOLITAN LOS ANGELES PURPOSE: GENERAL DONATION | $200,000 |
LOS ANGELES REGIONAL FOOD BANK PURPOSE: GENERAL DONATION | $10,000 |