Foundation For Global Sports Development is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Global Sports Development 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 12/2021, Foundation For Global Sports Development generated $19.7m in total revenue. All expenses for the organization totaled $9.7m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 7 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 2014, Foundation For Global Sports Development has awarded 597 individual grants totaling $18,787,483. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2018, THE FOUNDATION FORMED ANOTHER 501(C)(3) WHOLLY-OWNED SUBSIDIARY, SIDEWINDER FILMS III, LLC (SIDEWINDER FILMS III), WITH THE PURPOSE OF ENGAGING IN VARIOUS PROGRAMS IN FURTHERANCE OF THE FOUNDATION'S TAX-EXEMPT CHARITABLE MISSION, INCLUDING PRODUCING AN EDUCATIONAL FILM, WATERMAN. WATERMAN SHARES THE MOSTLY UNKNOWN STORY OF FIVE-TIME OLYMPIC MEDALIST DUKE KAHANAMOKU WHO SHATTERED RECORDS AND BROUGHT SURFING TO THE WORLD, ALL WHILE OVERCOMING RAMPANT RACISM IN A LIFETIME OF PERSONAL CHALLENGES. FEW OUTSIDE OF HAWAII KNOW THE DETAILS OF THIS INSPIRING STORY AND HIS CONSIDERABLE IMPACT TO SOCIETY WORLDWIDE. (CONITNUED ON STATEMENT 18)
IN 2015 THE FOUNDATION FORMED SIDEWINDER FILMS, LLC (SIDEWINDER FILMS), A 501(C)(3) WHOLLY-OWNED SUBSIDIARY, IN FURTHERANCE OF ITS TAX-EXEMPT PURPOSES AND CHARITABLE MISSION. SPORT IS MORE THAN SIMPLY A TYPE OF COMPETITION. SPORT HOLDS THE KEY TO UNLOCKING THE TRIUMPH OF HUMAN SPIRIT, MUTUAL UNDERSTANDING, AND COOPERATION AND RESPECT AMONG ALL PEOPLE. SIDEWINDER FILMS SEEKS TO BRING THESE POSITIVE MESSAGES OF SPORT TO PEOPLE THROUGH FILMS WHICH TOUCH LIVES, TELL REMARKABLE STORIES, AND CREATE A LASTING IMPACT. SIDEWINDER FILMS PRODUCED MUNICH '72 AND BEYOND, AN EMMY NOMINATED DOCUMENTARY THAT TAKES THE VIEWER ON AN EMOTIONAL JOURNEY FROM THE BEGINNING OF THE 1972 ATTACK TO PRESENT-DAY, WHERE FINALLY HEALING BEGINS TO BE WITNESSED AS A NEW MEMORIAL IS BEING BUILT IN MUNICH AT THE OLYMPIC PARK. IN 2017, SIDEWINDER FILMS BECAME THE SOLE MEMBER OF A NEWLY CREATED ENTITY, BED ONE, LLC, WHICH HAS THE PURPOSE TO ENGAGE IN THE DEVELOPMENT, PRODUCTION AND COMPLETION (CONTINUED ON STATEMENT 18)
IN FURTHERANCE OF THEIR MISSION, GSD RUNS A NUMBER OF AWARDS PROGRAMS THAT RECOGNIZE INDIVIDUALS WHOSE COMMITMENT TO SERVICE EXCEEDS THE NORM. GSD'S ATHLETES IN EXCELLENCE AWARD WAS CREATED TO RECOGNIZE ATHLETES WHO HAVE BEEN ROLE MODELS, LEADERS AND CHAMPIONS NOT JUST IN SPORT BUT IN USING SPORTS TO PROMOTE EDUCATION AND FAIR PLAY, AS WELL AS TO FIGHT THE USE OF DOPING SUBSTANCES, INJUSTICE AND INTOLERANCE. THE ATHLETES IN EXCELLENCE AWARD HONORS ATHLETES WHO USE THEIR ACHIEVEMENTS IN SPORT AS A CATALYST TO INSPIRE POSITIVE CHANGE. OUR ATHLETES IN EXCELLENCE RECIPIENTS ARE ACKNOWLEDGED FOR THEIR OUTSTANDING EFFORTS IN COMMUNITY OUTREACH, HUMANITARIANISM AND YOUTH MENTORSHIP. AS PART OF THE AWARD, RECIPIENTS WILL RECEIVE A $10,000 GRANT, ENABLING THEM TO PURSUE THEIR PASSIONS AND CREATE EVEN MORE POSITIVE CHANGE. SINCE 2010 AT, BEFORE, OR AFTER EACH OLYMPIC GAMES, THE HUMANITARIAN AWARD HAS BEEN PRESENTED TO INDIVIDUALS AND ORGANIZATIONS THAT HAVE STEPPED UP (CONTINUED ON STATEMENT 18)
IN 2020, THE FOUNDATION FORMED TWO ADDITIONAL 501(C)(3) WHOLLY-OWNED SUBSIDIARIES, SIDEWINDER FILMS V, LLC (SIDEWINDER FILMS V), AND SIDEWINDER FILMS VI, LLC (SIDEWINDER FILMS VI), WITH THE PURPOSE OF ENGAGING IN VARIOUS PROGRAMS IN FURTHERANCE OF THE FOUNDATION'S TAX-EXEMPT CHARITABLE PURPOSES, INCLUDING PRODUCING TWO ADDITIONAL EDUCATIONAL FILMS, TRIUMPH AND DISASTER: THE LIFE OF GOTTFRIED VON CRAMM (WORKING TITLE), AND RICK DEMONT: STOLEN GOLD (WORKING TITLE), WHICH WILL BE USED TO CARRY OUT SUCH CHARITABLE PURPOSES. TRIUMPH AND DISASTER: THE LIFE OF GOTTFRIED VON CRAMM WILL SHARE THE HEROIC STORY OF GOTTFRIED VON CRAMM, AN INTERNATIONAL TENNIS CHAMPION WHO CHALLENGES HITLER, SURVIVES A BRUTAL WAR AND FACES CONSEQUENCES FOR HIS SECRET LIFE. WITH COURAGE AND A STRONG SENSE OF FAMILY, HE FIGHTS TO REGAIN HIS HONOR BOTH ON THE TENNIS COURT AND OFF. RICK DEMONT: STOLEN GOLD TELLS THE STORY OF TEEN OLYMPIC SWIMMING SENSATION, RICK DEMONT, WHO HAS HIS GOLD (CONTINUED ON STATEMENT 18)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melanie Armenti Chief Operating Offi | 60 | $340,000 | |
Isabel Cathcart Director Of Operatio | 40 | $180,000 | |
Brooke Bumgardner VP Of Communications | 40 | $120,000 | |
Megan Halicek Director Of Programs | 40 | $115,000 | |
Kelly Hansen Program Assistant | 40 | $63,000 | |
David Ulich President, Director | 25 | $14,010 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sheppard Mullin Richter & Hampton Llp | 12/30/21 | $4,490,261 |
Crux Entertainment | 12/30/21 | $305,675 |
M&c Media Llc | 12/30/21 | $261,828 |
Future House Studios Llc | 12/30/21 | $470,850 |
Fletcharts | 12/30/21 | $180,950 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $9,971,837 |
Interest on Savings | $31,301 |
Dividends & Interest | $216,041 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $9,411,147 |
Capital Gain Net Income | $9,411,147 |
Net ST Capital Gain | $9,411,147 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $59,918 |
Total Revenue | $19,690,244 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $14,010 |
Other employee salaries and wages | $820,322 |
Pension plans, employee benefits | $232,095 |
Interest | $36 |
Taxes | $65,354 |
Depreciation | $0 |
Occupancy | $23,073 |
Travel, conferences, and meetings | $111,329 |
Printing and publications | $0 |
Other expenses | $3,119,480 |
Total operating and administrative expenses | $7,801,472 |
Contributions, gifts, grants paid | $1,866,020 |
Total expenses and disbursements | $9,667,492 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,295,381 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $2,365 |
Other assets | $285,515 |
Total assets | $28,471,591 |
Accounts payable and accrued expenses | $310,261 |
Grants payable | $1,855,422 |
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 | $2,165,683 |
Over the last fiscal year, Foundation For Global Sports Development has awarded $2,029,668 in support to 91 organizations.
Grant Recipient | Amount |
---|---|
Los Angeles, CA PURPOSE: 2020 GRANT PLEDGE DUE - TO SUPPORT END WELL FOUNDATION'S MISSION TO HUMANIZE THE END-OF-LIFE EXPERIENCE AND HELP FUND THEIR 2021 "END WELL SYMPOSIUM." | $250,000 |
CHILDHELP PURPOSE: TO SUPPORT THE DEVELOPMENT OF A CO-BRANDED "THE FOUNDATION FOR GLOBAL SPORTS DEVELOPMENT (GSD) AND CHILDHELP ATHLETE-CENTERED ABUSE HOTLINE," TO SERVE FROM THE YOUNGEST SPORTS HOPEFULS IN CRISIS, TO COLLEGE ATHLETES, AND SURVIVORS NEEDING SUPPORT. | $100,000 |
AVALON HEALING CENTER PURPOSE: TO SUPPORT THE BUILD-OUT AND OUTFITTING OF THE AVALON TRAINING INSTITUTE'S MULTIPURPOSE ROOM TO HOUSE EDUCATIONAL SESSIONS AROUND IDENTIFICATION AND PREVENTION OF ABUSE IN YOUTH SPORTS FOR COACHES, PARENTS, SUPPORT STAFF, LAW ENFORCEMENT AGENCIES, HEALTHCARE PROFESSIONALS, AND MEMBERS OF THE COMMUNITY. | $100,000 |
Santa Monica, CA PURPOSE: IN SUPPORT OF SCCOG'S 2021-2022 READY, SET, GOLD! YOUTH PROGRAMMING. | $82,500 |
Cardiff, CA PURPOSE: TO SUPPORT ADAPTIVE SURFING INCLUDING PARA SURFING EQUIPMENT; ELITE COACHING AND CONTEST PREPARATION; ISA PARA SURFING CLASSIFICATION TRAINING AND ASSESSMENTS; AND SPONSORING THE 2021 ISA WORLD PARA SURFING CHAMPIONSHIP | $80,000 |
Santa Monica, CA PURPOSE: 2020 GRANT PLEDGE DUE IN SUPPORT OF SCCOG'S 2020-2021 READY, SET, GOLD! YOUTH PROGRAMMING. | $80,000 |
Over the last fiscal year, we have identified 1 grants that Foundation For Global Sports Development has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |