Foot Locker Foundation INC: FY2021 Nonprofit Profile & 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

80 cents of each dollar spent went to programs.

80%

14%

Program services 80% · $1.3M Management & general 6% · $100K Fundraising 14% · $221K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Richard a Johnson

Director and President

$0Pt VII · Sec A

Various - Available Upon Request

$0Pt VII · Sec A

Lauren Peters

Director and Executive VP

$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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Provided by the organization

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2 programs · $1.3M · in their own filed words · FY2020

01

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.

$673Kprogram expense

02

The Foot Locker Foundation makes grants to other 501(c)(3) organizations. The largest grants in 2020 were to the Boys and Girls Clubs of America and the United Negro College Fund, as detailed on Schedule I, Part II

$606Kprogram 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Gifts and grantsLn 1h$1.3M

Investment incomeLn 3$857

Money outPt IX

$1.6M

Ln 25

Programscol B$1.3M

Managementcol C$100K

Fundraisingcol D$221K

Owns and owesPt X

$984K

net assets · Ln 32

Cash and savingsLn 1–2$777K

Total assetsLn 16$1.0M

LiabilitiesLn 26$28K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.3M

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$784K

Investment incomeLn 3$857

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

CashLn 1$777K

SavingsLn 2$0

Cash and savings togetherLn 1–2$777K

InvestmentsLn 11–13$0

Other assetsLn 15$0

Total assetsLn 16$1.0M

LiabilitiesLn 26$28K

Net assetsLn 32$984K

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 FY21	End FY21
Cash and savingsLn 1–2	$1.2M	$777K
InvestmentsLn 11–13	$0	$0
Total assetsLn 16	$1.3M	$1.0M
LiabilitiesLn 26	$22K	$28K
Net assetsLn 32	$1.3M	$984K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$606K	$606K
Grants to domestic individualsLn 2	$533K	$533K
Grants and assistance to foreign recipientsLn 3	$0	$0
Benefits paid to or for membersLn 4	$0	$0
Accounting feesLn 11c	$14K		$14K
Other fees for servicesLn 11g	$361K	$140K		$221K
Office expensesLn 13	$74K		$74K
Other expenses (24a–d)Ln 24	$12K	$0	$12K	$0
Total functional expensesLn 25	$1.6M	$1.3M	$100K	$221K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$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 Viewing	$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 FY2021 990 (6 parts)

Part I · Summary $1,327,123 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,286,873$1,326,266

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $7,172$857

I-11 Other revenuePrior year $10,607$0

I-12 Total revenuePrior year $1,304,652$1,327,123

I-13 Grants and similar amounts paidPrior year $1,074,443$1,139,452

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 $510,519$461,191

I-18 Total expensesPrior year $1,584,962$1,600,643

I-19 Revenue less expensesPrior year −$280,310−$273,520

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 $1,327,123 across 12 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$784,381

VIII-1d Related organizations$467,500

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$74,385

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$1,326,266

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $857 · Excluded from tax $0$857

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

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $857 · Excluded from tax $0$1,327,123

Part IX · Statement of functional expenses $1,600,643 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $606,300$606,300

IX-2 Grants to domestic individualsPrograms $533,152$533,152

IX-3 Grants and assistance to foreign recipientsPrograms $0$0

IX-4 Benefits paid to or for membersPrograms $0$0

IX-11c Accounting feesManagement $14,250$14,250

IX-11g Other fees for servicesPrograms $139,882 · Fundraising $220,838$360,720

IX-13 Office expensesManagement $74,385$74,385

IX-24 Other expenses (24a–d)Programs $0 · Management $11,836 · Fundraising $0$11,836

IX-25 Total functional expensesPrograms $1,279,334 · Management $100,471 · Fundraising $220,838$1,600,643

Part X · Balance sheet $1,011,771 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $1,211,415$776,817

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $32,817$164,954

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $35,044$70,000

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $1,279,276$1,011,771

X-17 Accounts payable and accrued expensesStart of year $21,823$27,838

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $21,823$27,838

X-27 Net assets without donor restrictionsStart of year $1,257,453$983,933

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

X-32 Total net assets or fund balancesStart of year $1,257,453$983,933

X-33 Total liabilities and net assetsStart of year $1,279,276$1,011,771

Part XI · Reconciliation of net assets $983,933 net assets at year end

XI-1 Total revenue$1,327,123

XI-2 Total expenses$1,600,643

XI-3 Revenue less expenses−$273,520

XI-4 Net assets at start of year$1,257,453

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$0

XI-10 Net assets at end of year$983,933

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Foot Locker Foundation INC FY2021 filing

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