La Clippers Foundation FY2021 filing

Tax-deductible

Bellevue, WA501(c)(3)Since 1994Recreation & SportsEIN 95-4493310Revenue $3.5M in FY2021

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.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 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
$306K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 7 voting members
Worth a look: 2 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
-25% vs prior year
Spent
$1.5M
To programs
93%
Net assets
$964K
By yearFY2020–FY2024
Revenue
$3.5M
FY2021▼ -25%
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
$1.5M
FY2021▼ -75%
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
$964K
FY2021▲ +197%
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 FY2021 Form 990 (year ending June 2021) · see the original

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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

93 cents of each dollar spent went to programs.

Program services 93% · $1.4M Management & general 7% · $113K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
CFO/Treasurer
$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.

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Provided by the organization

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3 programs · $91K · in their own filed words · FY2020
01

Stay-In-School Scholarships

Assists high school seniors living in the greater los angeles area who are planning to attend four-year colleges.

$48Kprogram expense
02

Palmdale Court Projects

This program exists to stimulate and sustain the interest of palmdale's youth in basketball, and is committed to providing new basketball courts to the general public in the city of palmdale in visible locations which strives to address underserved populations in palmdale, california while also fostering a community of physically active…

$22Kprogram expense
03

Read to Achieve

The read to acheive program promotes the importance of literacy by providing greater access to books and technology while encouraging families and adults to read regularly with young children.

$21Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$131K
Investment incomeLn 3$31
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$113K
Owns and owesPt X
$964K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$306K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$31
Other incomeLn 4–11$131K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$306K
Net assetsLn 32$964K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6267
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$147K$1.2M
Total assetsLn 16$161K$1.3M
LiabilitiesLn 26$1.2M$306K
Net assetsLn 32−$995K$964K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$150$150
OccupancyLn 16$60K$60K
TravelLn 17$20$20
Other expenses (24a–d)Ln 24$90K$37K$53K
Total functional expensesLn 25$1.5M$1.4M$113K$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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $3,468,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,322,276$3,337,920
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $42,969$31
I-11 Other revenuePrior year $261,275$131,046
I-12 Total revenuePrior year $4,626,520$3,468,997
I-13 Grants and similar amounts paidPrior year $5,636,221$1,358,642
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 $406,491$151,399
I-18 Total expensesPrior year $6,042,712$1,510,041
I-19 Revenue less expensesPrior year −$1,416,192$1,958,956
Part VI · Governance 2 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
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 $3,468,997 across 5 lines filed
Lines not itemized here account for $21,876 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$3,337,920
VIII-1h Total contributions, gifts and grants$3,337,920
VIII-3 Investment incomeRelated to mission $31$31
VIII-8 Net income from fundraising eventsExcluded from tax $109,170$109,170
VIII-12 Total revenueRelated to mission $31 · Unrelated business $0 · Excluded from tax $131,046$3,468,997
Part IX · Statement of functional expenses $1,510,041 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,358,642$1,358,642
IX-11g Other fees for servicesPrograms $1,600$1,600
IX-13 Office expensesManagement $150$150
IX-16 OccupancyManagement $60,000$60,000
IX-17 TravelManagement $20$20
IX-24 Other expenses (24a–d)Programs $36,549 · Management $53,080$89,629
IX-25 Total functional expensesPrograms $1,396,791 · Management $113,250 · Fundraising $0$1,510,041
Part X · Balance sheet $1,269,800 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $146,719$1,244,658
X-4 Accounts receivableStart of year $14,045$25,142
X-16 Total assetsStart of year $160,764$1,269,800
X-17 Accounts payable and accrued expensesStart of year $900$82,000
X-18 Grants payableStart of year $1,022,074$971
X-25 Other liabilitiesStart of year $132,945$223,028
X-26 Total liabilitiesStart of year $1,155,919$305,999
X-32 Total net assets or fund balancesStart of year −$995,155$963,801
X-33 Total liabilities and net assetsStart of year $160,764$1,269,800
Part XI · Reconciliation of net assets $963,801 net assets at year end
XI-1 Total revenue$3,468,997
XI-2 Total expenses$1,510,041
XI-3 Revenue less expenses$1,958,956
XI-4 Net assets at start of year−$995,155
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$963,801

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

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