La Clippers Foundation

Tax-deductible

Bellevue, WA501(c)(3)Since 1994Recreation & SportsEIN 95-4493310Revenue $303K in FY2024

On file with the IRSnba.com/clippers/community/lacf.html10400 Ne 4th St Ste 3000, 98004-5267 · Bellevue, WATax-exempt since Dec 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The los angeles Clippers Foundation exists to foster and support community outreach programs & activities with positive educational, civic, environmental and humanitarian values that benefit and enhance the quality of life primarily for children in (cont. On sch. O) greater los angeles. To meet these commitments, the Foundation will seek, accept and donate funds and in-kind items to support community outreach programs and initiatives of local children's charities and organizations.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 267 volunteers.
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
2 of 5
filings with a surplus
Average surplus $1.3M a year · 27% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.5M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 8 voting members
Worth a look: 2 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$303K
-59% vs prior year
Spent
$5.2M
To programs
96%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$303K
FY2024▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$3.5M
FY2022$420K
FY2023$15.9M
FY2024$743K
FY2024$303K
Expenses
$5.2M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.0M
FY2021$1.5M
FY2022$1.1M
FY2023$4.7M
FY2024$5.1M
FY2024$5.2M
Net assets
$2.3M
FY2024▼ -68%
Tap a bar for its year
Net assets by fiscal year
FY2020−$995K
FY2021$964K
FY2022$252K
FY2023$11.5M
FY2024$7.1M
FY2024$2.3M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1994.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $5.0M Management & general 4% · $204K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru 11/24)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See La Clippers Foundation 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 15aNo

Programs and updates

Supports community outreach programs promoting positive educational, civic, environmental, and humanitarian values for children.

Questions for La Clippers Foundation

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2024
01

Community Court Renovations

This program provides a platform to promote healthy, active lifestyles for children of the great los angeles area, ensuring that children have clean, up to date basketball courts to play on.

$2.9Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 101 grants · $16.9M · 2019–2024
Los Angeles Parks FoundationCA · FY2024$1,310,000
Madrid Equipment Rental INCFY2024$1,298,389
Vision to LearnCA · FY2024$975,000
Ca Department of Health Care ServicesFY2024$525,000
Individual RecipientFY2024$266,742
Ymca-LaCA · FY2024$200,000
Driving Force Group INCMD · FY2024$100,000
State of Hawaii Department of EducationFY2024$34,721
Unitemized GrantFY2024$10,000
Los Angeles Parks FoundationCA · FY2023$2,000,000
Vision to LearnCA · FY2023$1,500,000
The Play Equity FundCA · FY2023$100,000
State of Hawaii Department of EducationFY2023$68,658
Casa Hogar MinistriesKS · FY2023$50,000
Ron Brown Scholar FundVA · FY2023$50,000
See all 101 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Investment incomeLn 3$151K
Other incomeLn 4–11$144K
Gifts and grantsLn 1h$9K
Money outPt IX
$5.2M
Ln 25
Programscol B$5.0M
Managementcol C$204K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Investment incomeLn 3$151K
Other incomeLn 4–11$144K
Total revenueLn 12$303K
Assets in detailPt X, end of year
CashLn 1$5.7M
Cash and savings togetherLn 1–2$5.7M
Other assetsLn 15$0
Total assetsLn 16$5.8M
LiabilitiesLn 26$3.5M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6267
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 FY24End FY24
Cash and savingsLn 1–2$6.1M$5.7M
Total assetsLn 16$7.4M$5.8M
LiabilitiesLn 26$332K$3.5M
Net assetsLn 32$7.1M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.9M$4.9M
Grants to domestic individualsLn 2$10K$10K
Legal feesLn 11b$150$150
Accounting feesLn 11c$59K$59K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$520$520
Other expenses (24a–d)Ln 24$134K$134K
Total functional expensesLn 25$5.2M$5.0M$204K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $743K$5.1M−$4.4M$7.1M 990 PDF
FY2023 $15.9M$4.7M$11.2M$11.5M 990 PDF
FY2022 $420K$1.1M−$712K$252K 990 PDF
FY2021 $3.5M$1.5M$2.0M$964K 990 PDF
FY2020 $4.6M$6.0M−$1.4M−$995K 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 $303,436 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $286,090$8,648
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $225,817$151,274
I-11 Other revenuePrior year $230,844$143,514
I-12 Total revenuePrior year $742,751$303,436
I-13 Grants and similar amounts paidPrior year $4,522,256$4,955,447
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 $585,624$203,999
I-18 Total expensesPrior year $5,107,880$5,159,446
I-19 Revenue less expensesPrior year −$4,365,129−$4,856,010
Part VI · Governance 2 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $303,436 across 5 lines filed
VIII-1f All other contributions, gifts and grants$8,648
VIII-1h Total contributions, gifts and grants$8,648
VIII-3 Investment incomeExcluded from tax $151,274$151,274
VIII-8 Net income from fundraising eventsExcluded from tax $143,514$143,514
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $294,788$303,436
Part IX · Statement of functional expenses $5,159,446 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $4,945,447$4,945,447
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $59,423$59,423
IX-11g Other fees for servicesManagement $10,363$10,363
IX-13 Office expensesManagement $520$520
IX-24 Other expenses (24a–d)Management $133,543$133,543
IX-25 Total functional expensesPrograms $4,955,447 · Management $203,999 · Fundraising $0$5,159,446
Part X · Balance sheet $5,760,204 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $6,054,418$5,729,167
X-4 Accounts receivableStart of year $10,000$31,037
X-15 Other assetsStart of year $1,374,449$0
X-16 Total assetsStart of year $7,438,867$5,760,204
X-17 Accounts payable and accrued expensesStart of year $332,096$3,161,443
X-25 Other liabilitiesStart of year $0$348,000
X-26 Total liabilitiesStart of year $332,096$3,509,443
X-27 Net assets without donor restrictionsStart of year $7,106,771$2,250,761
X-32 Total net assets or fund balancesStart of year $7,106,771$2,250,761
X-33 Total liabilities and net assetsStart of year $7,438,867$5,760,204
Part XI · Reconciliation of net assets $2,250,761 net assets at year end
XI-1 Total revenue$303,436
XI-2 Total expenses$5,159,446
XI-3 Revenue less expenses−$4,856,010
XI-4 Net assets at start of year$7,106,771
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,250,761

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

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