Foot Locker Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 52-2348625)

Revenue by fiscal year
FY2021	$1.3M
FY2023	$5.8M
FY2024	$1.3M
FY2025	$3.9M

Expenses by fiscal year
FY2021	$1.6M
FY2023	$3.9M
FY2024	$3.3M
FY2025	$4.2M

Net assets by fiscal year
FY2021	$984K
FY2023	$4.4M
FY2024	$2.4M
FY2025	$2.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2002.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $4.0M Management & general 2% · $82K Fundraising 2% · $81K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Franklin Bracken

Director and President

$0Pt VII · Sec A

Michael Baughn

Director

$0Pt VII · Sec A

Giovanna Cipriano

Director and Senior Vice President

$0Pt VII · Sec A

Cynthia Carlisle

Executive Vice President

$0Pt VII · Sec A

Robert Higginbotham

Senior Vice President & Treasurer

$0Pt VII · Sec A

Erin Conway

Vice President & Corporate Secretary

$0Pt VII · Sec A

Larisa Love

Assistant Treasurer

$0Pt VII · Sec A

Tate Fenner

Assistant Treasurer

$0Pt VII · Sec A

See Foot Locker Foundation INC 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports youth, athletics, and education in communities where Foot Locker operates.

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2 programs · $4.0M · in their own filed words · FY2024

01

The Foot Locker Foundation makes grants to other 501(c)(3) organizations which share and/or support the mission of the Foundation. The largest grant given in 2024 was to the Local Initiatives Support Corporation as detailed on Schedule I, Part II.

$3.3Mprogram expense

02

Foot Locker Scholar Athletes program awards nineteen $5,000 and one $6,250 scholarships per year for four years to high school seniors who demonstrate academic excellence and exemplify strong leadership skills both in sports and within their communities.

$681Kprogram 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

Fidelity Investments Charitable Gift FundFY2024$35K

The Oregon Community FoundationFY2024$25K

American Endowment FoundationFY2024$20K

Total grants receivedfrom 3 funders$80K

See all 3 funders →

Grants paid · 453 grants · $9.7M · 2020–2024

Local Initiatives Support CorporationNY · FY2024$1,500,000

Lewis College of BusinessMI · FY2024$1,000,000

United Negro College Fund INCDC · FY2024$310,000

Boys & Girls Clubs of AmericaGA · FY2024$257,500

Two Ten Footwear Foundation INCMA · FY2024$128,346

Virginia Union UniversityVA · FY2024$25,000

Winston-Salem State University Foundation IncorporatedNC · FY2024$25,000

Unitemized GrantFY2024$5,000

See all 453 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.9M

Ln 12

Gifts and grantsLn 1h$3.9M

Investment incomeLn 3$22K

Money outPt IX

$4.2M

Ln 25

Programscol B$4.0M

Managementcol C$82K

Fundraisingcol D$81K

Owns and owesPt X

$2.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$2.4M

LiabilitiesLn 26$250K

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.9M

Noncash giftsLn 1g$19K

Fundraising eventsLn 1c$1.3M

Investment incomeLn 3$22K

Gains on assetsLn 7$0

Total revenueLn 12$3.9M

Assets in detailPt X, end of year

CashLn 1$2.1M

Cash and savings togetherLn 1–2$2.1M

Total assetsLn 16$2.4M

LiabilitiesLn 26$250K

Net assetsLn 32$2.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 617

Fiscal year endsHeaderJanuary

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.1M	$2.1M
Total assetsLn 16	$2.4M	$2.4M
LiabilitiesLn 26	$5K	$250K
Net assetsLn 32	$2.4M	$2.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3.3M	$3.3M
Grants to domestic individualsLn 2	$526K	$526K
Accounting feesLn 11c	$35K		$35K
Other fees for servicesLn 11g	$236K	$155K		$81K
Office expensesLn 13	$46K		$46K
Other expenses (24a–d)Ln 24	$855	$0	$855	$0
Total functional expensesLn 25	$4.2M	$4.0M	$82K	$81K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$3.9M	$4.2M	−$290K	$2.1M	990 PDF
FY2024	$1.3M	$3.3M	−$2.0M	$2.4M	990 PDF
FY2023	$5.8M	$3.9M	$2.0M	$4.4M	990 PDF
FY2022	Not on file
FY2021	$1.3M	$1.6M	−$274K	$984K	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 O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $3,874,044 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,271,404$3,871,791

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $14,280$22,044

I-11 Other revenuePrior year $7,055−$19,791

I-12 Total revenuePrior year $1,292,739$3,874,044

I-13 Grants and similar amounts paidPrior year $2,976,124$3,846,306

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $282,569$317,820

I-18 Total expensesPrior year $3,258,693$4,164,126

I-19 Revenue less expensesPrior year −$1,965,954−$290,082

Part VI · Governance 0 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,874,044 across 11 lines filed

VIII-1c Fundraising events$1,297,253

VIII-1d Related organizations$2,508,927

VIII-1f All other contributions, gifts and grants$65,611

VIII-1g Noncash contributions (included above)$19,337

VIII-1h Total contributions, gifts and grants$3,871,791

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $22,044$22,044

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsExcluded from tax −$19,791−$19,791

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,253$3,874,044

Part IX · Statement of functional expenses $4,164,126 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $3,320,056$3,320,056

IX-2 Grants to domestic individualsPrograms $526,250$526,250

IX-11c Accounting feesManagement $35,000$35,000

IX-11g Other fees for servicesPrograms $155,021 · Fundraising $80,670$235,691

IX-13 Office expensesManagement $46,274$46,274

IX-24 Other expenses (24a–d)Programs $0 · Management $855 · Fundraising $0$855

IX-25 Total functional expensesPrograms $4,001,327 · Management $82,129 · Fundraising $80,670$4,164,126

Part X · Balance sheet $2,360,161 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $2,135,142$2,062,193

X-3 Pledges and grants receivable$11,027

X-9 Prepaid expenses and deferred chargesStart of year $270,100$286,941

X-16 Total assetsStart of year $2,405,242$2,360,161

X-17 Accounts payable and accrued expensesStart of year $5,000$250,000

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $5,000$250,000

X-27 Net assets without donor restrictionsStart of year $2,400,242$2,110,161

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $2,400,242$2,110,161

X-33 Total liabilities and net assetsStart of year $2,405,242$2,360,161

Part XI · Reconciliation of net assets $2,110,161 net assets at year end

XI-1 Total revenue$3,874,044

XI-2 Total expenses$4,164,126

XI-3 Revenue less expenses−$290,082

XI-4 Net assets at start of year$2,400,242

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$1

XI-10 Net assets at end of year$2,110,161

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Foot Locker Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Foot Locker Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV