The Play Equity Fund

Tax-deductible

Los Angeles, CA501(c)(3)Since 2014EducationEIN 47-1295322Revenue $7.4M in FY2024

On file with the IRS2141 W Adams Blvd, 90018-2040 · Los Angeles, CATax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The Play Equity Fund is focused on bringing the transformational power of sport and Play to all children, regardless of their race, gender, zip code or socio-economic status.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 11 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.9M a year · 41% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 44.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $800K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$393K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
+529% vs prior year
Spent
$2.6M
To programs
88%
Net assets
$10.6M
By yearFY2020–FY2024
Revenue
$7.4M
FY2024▲ +529%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$6.6M
FY2022$4.1M
FY2023$1.2M
FY2024$7.4M
Expenses
$2.6M
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$755K
FY2021$3.1M
FY2022$5.1M
FY2023$2.5M
FY2024$2.6M
Net assets
$10.6M
FY2024▲ +84%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$8.1M
FY2022$7.1M
FY2023$5.8M
FY2024$10.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $2.2M Management & general 9% · $227K Fundraising 4% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Fernando Ramirez’s $160K as Vice President is at the 69th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022FY2020
Kathleen Ash——$172,658
Fernando Ramirez$159,601——
Alexia Valencia—$114,197—
James Lopez$104,045——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Play Equity Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides all children equal access to sports and play by funding programs that promote athletic equity regardless of race, gender, or socioeconomic status.

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Provided by the organization

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3 programs · $2.2M · in their own filed words · FY2024
01

Support programs that advocate for gender equity through sport.

$888Kprogram expense
02

Support programs that address and advocate for social justice through sport.

$826Kprogram expense
03

Support programs that increase knowledge and awareness of the importance of equity in sports.

$511Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 178 grants · $6.2M · 2020–2024
Project Blue CorpsCA · FY2024$110,200
Inglewood Unified School DistrictFY2024$90,000
Los Angeles Parks FoundationCA · FY2024$89,899
Woodcraft RangersCA · FY2024$60,200
Street Soccer USA INCNY · FY2024$60,200
Proyecto PastoralCA · FY2024$60,200
Everybody Dance LaCA · FY2024$60,200
Boyle Heights Youth FootballCA · FY2024$60,200
Thinkwatts FoundationCA · FY2024$55,000
Friends of GalaCA · FY2024$50,000
Boss INCCA · FY2024$50,000
La Promise FundCA · FY2024$20,000
Students Run AmericaCA · FY2024$10,400
See all 178 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.4M
Ln 12
Gifts and grantsLn 1h$7.4M
Investment incomeLn 3$27K
Other incomeLn 4–11$5K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$227K
Fundraisingcol D$90K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.4M
Total assetsLn 16$11.0M
LiabilitiesLn 26$393K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$50K
Noncash giftsLn 1g$210K
Fundraising eventsLn 1c$521K
Investment incomeLn 3$27K
Other incomeLn 4–11$5K
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$9.3M
SavingsLn 2$171K
Cash and savings togetherLn 1–2$9.4M
Other assetsLn 15$500K
Total assetsLn 16$11.0M
LiabilitiesLn 26$393K
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.9M$9.4M
Total assetsLn 16$6.1M$11.0M
LiabilitiesLn 26$358K$393K
Net assetsLn 32$5.8M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Other salaries and wagesLn 7$226K$193K$33K$354
Pension plan contributionsLn 8$1K$1K$211$2
Other employee benefitsLn 9$23K$20K$3K$37
Payroll taxesLn 10$16K$13K$2K$24
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$81K$81K
Other fees for servicesLn 11g$204K$117K$20K$67K
Advertising and promotionLn 12$253K$253K
Office expensesLn 13$160K$146K$14K
Information technologyLn 14$28K$7K$21K
TravelLn 17$42K$39K$3K
Conferences, conventions and meetingsLn 19$54K$19K$35K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$281K$279K$25$2K
Total functional expensesLn 25$2.6M$2.2M$227K$90K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.4M$2.6M$4.9M$10.6M 990 PDF
FY2023 $1.2M$2.5M−$1.4M$5.8M 990 PDF
FY2022 $4.1M$5.1M−$928K$7.1M 990 PDF
FY2021 $6.6M$3.1M$3.5M$8.1M 990 PDF
FY2020 $4.4M$755K$3.6M$4.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $7,411,080 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,171,924$7,378,858
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8,056$26,783
I-11 Other revenuePrior year −$2,115$5,439
I-12 Total revenuePrior year $1,177,865$7,411,080
I-13 Grants and similar amounts paidPrior year $350,600$1,157,499
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $473,236$266,508
I-16a Professional fundraising feesPrior year $15,000$0
I-17 Other expensesPrior year $1,695,577$1,131,065
I-18 Total expensesPrior year $2,534,413$2,555,072
I-19 Revenue less expensesPrior year −$1,356,548$4,856,008
Part VI · Governance 15 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $7,411,080 across 10 lines filed
VIII-1c Fundraising events$521,283
VIII-1d Related organizations$500,000
VIII-1e Government grants$50,000
VIII-1f All other contributions, gifts and grants$6,307,575
VIII-1g Noncash contributions (included above)$210,100
VIII-1h Total contributions, gifts and grants$7,378,858
VIII-3 Investment incomeExcluded from tax $26,783$26,783
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,439$5,439
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,222$7,411,080
Part IX · Statement of functional expenses $2,555,072 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,157,499$1,157,499
IX-7 Other salaries and wagesPrograms $192,708 · Management $33,079 · Fundraising $354$226,141
IX-8 Pension plan contributionsPrograms $1,229 · Management $211 · Fundraising $2$1,442
IX-9 Other employee benefitsPrograms $19,860 · Management $3,409 · Fundraising $37$23,306
IX-10 Payroll taxesPrograms $13,310 · Management $2,285 · Fundraising $24$15,619
IX-11b Legal feesManagement $19,572$19,572
IX-11c Accounting feesManagement $81,044$81,044
IX-11g Other fees for servicesPrograms $117,140 · Management $19,530 · Fundraising $67,099$203,769
IX-12 Advertising and promotionPrograms $252,800$252,800
IX-13 Office expensesPrograms $146,105 · Management $14,102$160,207
IX-14 Information technologyManagement $7,250 · Fundraising $20,546$27,796
IX-17 TravelPrograms $39,425 · Management $2,537$41,962
IX-19 Conferences, conventions and meetingsPrograms $18,993 · Management $35,331$54,324
IX-23 InsuranceManagement $8,278$8,278
IX-24 Other expenses (24a–d)Programs $279,063 · Management $25 · Fundraising $2,225$281,313
IX-25 Total functional expensesPrograms $2,238,132 · Management $226,653 · Fundraising $90,287$2,555,072
Part X · Balance sheet $11,034,646 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $4,886,001$9,252,905
X-2 Savings and temporary cash investments$171,418
X-3 Pledges and grants receivableStart of year $1,190,029$1,095,835
X-9 Prepaid expenses and deferred chargesStart of year $14,497$14,488
X-15 Other assetsStart of year $42,218$500,000
X-16 Total assetsStart of year $6,143,150$11,034,646
X-17 Accounts payable and accrued expensesStart of year $99,128$60,724
X-18 Grants payableStart of year $258,532$95,000
X-25 Other liabilitiesStart of year $0$237,424
X-26 Total liabilitiesStart of year $357,660$393,148
X-27 Net assets without donor restrictionsStart of year $2,534,728$7,046,737
X-28 Net assets with donor restrictionsStart of year $3,250,762$3,594,761
X-32 Total net assets or fund balancesStart of year $5,785,490$10,641,498
X-33 Total liabilities and net assetsStart of year $6,143,150$11,034,646
Part XI · Reconciliation of net assets $10,641,498 net assets at year end
XI-1 Total revenue$7,411,080
XI-2 Total expenses$2,555,072
XI-3 Revenue less expenses$4,856,008
XI-4 Net assets at start of year$5,785,490
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,641,498

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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