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.
78¢ of each $1 spent went to programs.
$173K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$173K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 20.1 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
$62K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
Spent
$755K
To programs
78%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$4.4M
FY2020
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
$755K
FY2020
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
$4.5M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $587K Management & general 12% · $91K Fundraising 10% · $76K

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

14 people listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Development Officer
$172,658Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $538K · in their own filed words · FY2020
01

Support programs that increase knowledge and awareness of the importance of sport.

$245Kprogram expense
02

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

$154Kprogram expense
03

Support programs that provide youth the opportunity to play sport by providing equipment to play.

$140Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.4M
Investment incomeLn 3$175
Money outPt IX
$755K
Ln 25
Programscol B$587K
Managementcol C$91K
Fundraisingcol D$76K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.6M
LiabilitiesLn 26$62K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$18K
Investment incomeLn 3$175
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$26K
Total assetsLn 16$4.6M
LiabilitiesLn 26$62K
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 55
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$922K$1.3M
Total assetsLn 16$922K$4.6M
LiabilitiesLn 26$7K$62K
Net assetsLn 32$915K$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120K$120K
Other salaries and wagesLn 7$237K$140K$71K$25K
Pension plan contributionsLn 8$6K$2K$698$4K
Other employee benefitsLn 9$18K$5K$2K$12K
Payroll taxesLn 10$29K$8K$3K$19K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$14K$4K$5K$5K
Office expensesLn 13$1K$688$518$185
Information technologyLn 14$12K$948$11K
TravelLn 17$37$18$14$5
Conferences, conventions and meetingsLn 19$1K$726$547$195
Other expenses (24a–d)Ln 24$308K$307K$1K$422
Total functional expensesLn 25$755K$587K$91K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $4.4M$755K$3.6M$4.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,360,934 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,001,697$4,360,759
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $72$175
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,001,769$4,360,934
I-13 Grants and similar amounts paidPrior year $75,000$120,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $101,559$291,158
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,614$343,354
I-18 Total expensesPrior year $220,173$754,512
I-19 Revenue less expensesPrior year $781,596$3,606,422
Part VI · Governance 11 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,360,934 across 5 lines filed
VIII-1e Government grants$17,530
VIII-1f All other contributions, gifts and grants$4,343,229
VIII-1h Total contributions, gifts and grants$4,360,759
VIII-3 Investment incomeExcluded from tax $175$175
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $175$4,360,934
Part IX · Statement of functional expenses $754,512 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $120,000$120,000
IX-7 Other salaries and wagesPrograms $140,211 · Management $71,435 · Fundraising $25,475$237,121
IX-8 Pension plan contributionsPrograms $1,645 · Management $698 · Fundraising $4,010$6,353
IX-9 Other employee benefitsPrograms $4,731 · Management $2,007 · Fundraising $11,530$18,268
IX-10 Payroll taxesPrograms $7,618 · Management $3,232 · Fundraising $18,566$29,416
IX-11b Legal feesManagement $2,580$2,580
IX-11c Accounting feesManagement $4,000$4,000
IX-11g Other fees for servicesPrograms $4,158 · Management $4,817 · Fundraising $4,754$13,729
IX-13 Office expensesPrograms $688 · Management $518 · Fundraising $185$1,391
IX-14 Information technologyPrograms $948 · Fundraising $10,904$11,852
IX-17 TravelPrograms $18 · Management $14 · Fundraising $5$37
IX-19 Conferences, conventions and meetingsPrograms $726 · Management $547 · Fundraising $195$1,468
IX-24 Other expenses (24a–d)Programs $306,695 · Management $1,180 · Fundraising $422$308,297
IX-25 Total functional expensesPrograms $587,438 · Management $91,028 · Fundraising $76,046$754,512
Part X · Balance sheet $4,582,964 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $921,699$1,263,899
X-3 Pledges and grants receivableStart of year $0$3,292,524
X-9 Prepaid expenses and deferred chargesStart of year $0$1,041
X-15 Other assetsStart of year $0$25,500
X-16 Total assetsStart of year $921,699$4,582,964
X-17 Accounts payable and accrued expensesStart of year $6,889$61,732
X-26 Total liabilitiesStart of year $6,889$61,732
X-27 Net assets without donor restrictionsStart of year $914,810$267,613
X-28 Net assets with donor restrictions$4,253,619
X-32 Total net assets or fund balancesStart of year $914,810$4,521,232
X-33 Total liabilities and net assetsStart of year $921,699$4,582,964
Part XI · Reconciliation of net assets $4,521,232 net assets at year end
XI-1 Total revenue$4,360,934
XI-2 Total expenses$754,512
XI-3 Revenue less expenses$3,606,422
XI-4 Net assets at start of year$914,810
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,521,232

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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