Overview
What is The Lebron James Family Foundation?
The Lebron James Family Foundation, based in Akron, Ohio, is a nonprofit organization that has expanded its mission beyond raising graduation rates in LeBron James' hometown. They prioritize social emotional learning and love, alongside a STEM-based curriculum at the I Promise School. The foundation's approach goes beyond education, offering wide-ranging services for students and their families. These services include legal aid, medical care, GED classes, financial literacy programs, job and family services, and a full-time food and essentials pantry. The foundation also covers classroom supplies and resources for teachers, allowing them to focus on their well-being. With a commitment to building stronger families and creating generational change, the foundation invests time, resources, and passion into initiatives that support education in Akron, Ohio.
Official website here: www.lebronjamesfamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Lebron James Family Foundation has achieved a high rating of 92%, indicating strong performance in accountability and finance. This score reflects the organization's commitment to transparency, with all board members being independent and no material diversions of assets reported. They have also implemented thorough financial oversight measures, including comprehensive audit procedures and a variety of essential policies that promote ethical governance.
Strengths of the foundation include a remarkable program expense ratio of 92.57%, suggesting that the vast majority of funds are directed toward their mission. Additionally, their fundraising efficiency is exemplary, with no costs reported in this area, which indicates effective resource management. The organization's working capital ratio of 3.33 years is a sign of financial stability, ensuring they can sustain operations and programs in the long run.
While the data highlights many strengths, it is important to consider that a single beacon score focuses predominantly on financial aspects. This means that while the foundation excels in accountability and finance, other areas such as program impact and community feedback are not assessed in this rating. Overall, the Lebron James Family Foundation demonstrates solid financial health and governance practices, positioning it as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Lebron James Family Foundation legitimate?
The Lebron James Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lebron James Family Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,388,977
For more financial information, click here
Official website here: www.lebronjamesfamilyfoundation.org
What is the mission statement of The Lebron James Family Foundation?
The Lebron James Family Foundation is dedicated to creating generational change by investing in education and co-curricular educational initiatives. Originally focused on raising graduation rates in Akron, Ohio, the foundation has evolved into a movement redefining community and family. The I Promise School, opened in 2018, prioritizes social emotional learning and a stem-based curriculum, with added services for students and families including legal aid, medical care, and financial literacy programming. The foundation's full-time family resource center offers essential services, keeping students in the classroom and ensuring an efficient learning environment. Classroom and project supplies, along with resources for teachers' well-being, are regularly covered by the foundation. The Lebron James Family Foundation continues to explore new ways to support the important work being done in the educational sector.
Official website here: www.lebronjamesfamilyfoundation.org
Who is the CEO of The Lebron James Family Foundation?
Michele Campbell is the President of The Lebron James Family Foundation.
Official website here: www.lebronjamesfamilyfoundation.org
What is the revenue of The Lebron James Family Foundation?
The Lebron James Family Foundation's revenue in 2022 was $17,286,604.
Official website here: www.lebronjamesfamilyfoundation.org
Who are the executives of The Lebron James Family Foundation and what are their salaries?
The average compensation at The Lebron James Family Foundation during 2022 was $86,811. There are 16 employees and 500 volunteers at The Lebron James Family Foundation.
Here are 7 key members and their salaries:
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- Compensation: $157,500
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- Other: $29,412
- Compensation: $146,550
- Related: $0
- Other: $29,156
Official website here: www.lebronjamesfamilyfoundation.org
Where can I find the form 990 for The Lebron James Family Foundation?
The Lebron James Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lebronjamesfamilyfoundation.org
Learn more at the official website: www.lebronjamesfamilyfoundation.org
Mission Statement of The Lebron James Family Foundation
The Lebron James Family Foundation is a charitable organization that is deeply committed to redefining community and building stronger families. Based in Ohio, the Foundation focuses on creating generational change for children and families in LeBron James' hometown through an emphasis on education and co-curricular educational initiatives.
Originally established to address low graduation rates in Akron, Ohio, the Foundation's mission has evolved into a movement that goes beyond academics, redefining the concepts of family and community. This transformation is embodied in the opening of the I Promise School, which prioritizes social emotional learning and leads with love alongside a STEM-based curriculum. The school's unique model includes a full-time family resource center that offers a wide range of services for students and their family members, such as legal aid, medical care, GED classes, financial literacy programming, job and family services, and a full-time food and essentials pantry.
In addition to supporting the I Promise School, the Foundation also covers the costs of additional staff and educators to ensure small class sizes and low student-teacher ratios for an efficient learning environment. To further support the educators who dedicate themselves to their students, the Foundation regularly covers the costs of classroom and project supplies and provides additional resources to prioritize their well-being. The Foundation continues to explore new ways to support the important work being done at the I Promise School.
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Impact
October, 2024
The LeBron James Family Foundation significantly impacts the community of Akron, Ohio, through a dedicated focus on education and family support. Central to its mission is the I PROMISE School, which embodies a unique approach prioritizing social-emotional learning and a STEM-based curriculum. This innovative school, launched in 2018, creates a nurturing environment that emphasizes love and community, fostering not just academic achievement but holistic growth for students.
With a commitment to redefining what family and community mean, the foundation integrates extensive support services for families. The on-site Family Resource Center offers legal aid, medical care, GED classes, financial literacy programming, and access to a food pantry, ensuring that families have the resources they need to thrive. This model addresses the barriers students face, creating a seamless support network.
Moreover, the foundation is proactive in enhancing the educational experience by maintaining lower student-to-teacher ratios and offering professional development and well-being resources for educators. This not only improves classroom dynamics but also empowers teachers, allowing them to focus on student success without the burden of resource constraints.
Overall, the LeBron James Family Foundation fosters generational change by investing in education and community well-being, ensuring that families feel supported and valued, and ultimately driving higher graduation rates in Akron.
This information is meant to be a general summary of The Lebron James Family Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,577
- Gross Receipts: $17,300,860
Assets and Liabilities:
- Total Assets: $26,473,741
- Total Liabilities: $2,951,170
- Net Assets: $23,522,571
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Organization Details
Founding Year
2004
Phone
(216) 771-2323Principal Officer
Michele Campbell
Main Address
3800 EMBASSY PARKWAY 360, AKRON, OH, 44333
NTEE Category
Code: W99 - Public benefit
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