Overview
What is Lafc Sports Foundation?
Lafc Sports Foundation, a nonprofit based in Los Angeles, California, is dedicated to uplifting underprivileged youth in the area. By leveraging the LAFC brand and its passionate community, the foundation has positively impacted over 25,000 individuals. They have constructed 30 futsal courts by 2022, with 6 already completed in 2022. Additionally, they support educational programs in public schools, offer leadership development and mentorship services, and fund initiatives like the Youth Leadership Program and the Falcon Scholars Program. The foundation also provides health and wellbeing support through free soccer clinics, blood drives, food drives, and career sessions for youth. Collaborating with other sports teams, they aim to drive social change in communities of color. Lastly, the foundation supported the creation of a STEM classroom at the Watts Empowerment Center, providing resources for over 15,000 children and families in need.
Official website here: www.lafc.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Lafc Sports Foundation holds a rating of 64% from Charity Navigator, indicating that while it demonstrates some strengths, there are also significant areas for improvement. The foundation has 100% independent board members and a solid conflict of interest policy, suggesting a commitment to governance and ethical practices. However, the absence of financial statements and a missing tax form on its website are notable gaps that impact transparency.
The foundation's financial metrics reveal that it has a program expense ratio of 61.03%, which is reasonable; however, its liabilities to assets ratio stands at 58.49%, raising concerns about financial stability. These elements contribute to the need for the organization to enhance its financial reporting and overall accountability to bolster its standing and trustworthiness with donors and stakeholders.
In summary, while Lafc Sports Foundation demonstrates a strong governance structure and commitment to ethical practices, the lack of accessible financial documentation and transparency issues are significant limitations. Addressing these concerns could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lafc Sports Foundation legitimate?
Lafc Sports Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafc Sports 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: $111,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,686
For more financial information, click here
Official website here: www.lafc.com/foundation
What is the mission statement of Lafc Sports Foundation?
The Lafc Sports Foundation supports underserved youth in Los Angeles by creating new soccer pitches, enhancing access to athletic programs, funding innovative educational initiatives in public schools, and providing leadership development and mentorship services. Leveraging the LAFC brand and its dedicated fanbase, the foundation has positively impacted over 25,000 disadvantaged individuals in the Greater Los Angeles area. This includes the development of 30 futsal courts by 2022, funding for the Youth Leadership Program at the Bresee Foundation, and providing health and wellbeing support through free soccer clinics, blood drives, food drives, and career sessions for youth. The foundation also collaborated with 12 professional sports teams in the area to drive investment and impact for social justice in communities of color. Additionally, the foundation organized a successful Unity March and Dialogue last July at the Banc of California Stadium and completed a legacy project to commemorate the MLS Cup with a new STEM classroom at the Watts Empowerment Center, benefiting over 15,000 children, youth, and families in need.
Official website here: www.lafc.com/foundation
Who is the CEO of Lafc Sports Foundation?
Chris Reed is the Principal Officer of Lafc Sports Foundation. The CEO's salary of Lafc Sports Foundation is $0 and their total compensation is $0.
Official website here: www.lafc.com/foundation
What is the revenue of Lafc Sports Foundation?
Lafc Sports Foundation's revenue in 2022 was $676,806.
Official website here: www.lafc.com/foundation
Who are the executives of Lafc Sports Foundation and what are their salaries?
There 7 volunteers at Lafc Sports Foundation.
Here are 11 key members and their salaries (Lafc Sports Foundation's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $111,184
- Related: $0
- Other: $0
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- Other: $0
Official website here: www.lafc.com/foundation
Where can I find the form 990 for Lafc Sports Foundation?
Lafc Sports Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lafc.com/foundation
Learn more at the official website: www.lafc.com/foundation
Mission Statement of Lafc Sports Foundation
The Lafc Sports Foundation, driven by LAFC's mission to unite the world's city through soccer and bring joy to people, aims to support underserved youth in Los Angeles. Their mission is accomplished by creating new soccer pitches, increasing access to athletic programs, backing innovative educational programs in public schools, and providing leadership development and mentorship services. By leveraging the LAFC brand and its dedicated, impassioned community of fans and stakeholders, the foundation has positively impacted over 25,000 disadvantaged people and underserved youth in the Greater Los Angeles area.
The foundation's initiatives span various aspects of youth development. They have developed 30 futsal courts by the end of 2022, with 6 completed in 2022 alone. Their support extends to programs such as the Youth Leadership Program (YLP) at the Bresee Foundation and the Falcon Scholars programs. Additionally, they provide access to health and wellbeing support through free soccer clinics, blood drives, food drives, and career sessions for youth with LADWP. The foundation's collaborative efforts with 12 professional sports teams in Greater LA have driven change in communities of color, investing in social justice through sport.
In line with these objectives, the Lafc Sports Foundation has also made significant strides in promoting STEM education. In partnership with MLS Works, the league's social responsibility platform, and Bodyarmor Sports Drink, they unveiled a new STEM classroom at the Watts Empowerment Center. This center, which serves over 15,000 children, youth, and families in need, received 22 new Apple iMac computers with STEM software, an interactive TV wall, and 50 STEM education kits, among other resources for the empowerment and advancement of the local community. The Lafc Sports Foundation's mission is a testament to its commitment to uplifting youth in Los Angeles through soccer, education, and community development.
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Impact
July, 2024
The impact of Lafc Sports Foundation is vast and far-reaching. By supporting underserved Los Angeles youth through various initiatives such as creating new soccer pitches, increasing access to athletic programs, supporting innovative educational programs in public schools, and providing leadership development and mentorship services, the foundation has positively impacted over 25,000 disadvantaged individuals and underserved youth in the greater Los Angeles area.
One notable achievement is the development of 30 futsal courts by the end of 2022, with 6 already completed in the same year. The foundation has also funded programs like the Youth Leadership Program (YLP) at the Bresee Foundation and the Falcon Scholars Program. Additionally, the foundation provides access to health and well-being support through free soccer clinics, hosts blood drives, food drives, and career sessions for youth in collaboration with LADWP.
Furthermore, Lafc Sports Foundation has supported the Alliance, a collaboration of 12 professional sports teams in Greater LA, to drive investment and impact for social justice through sports in communities of color. The foundation also organized the successful Unity March and Dialogue at the Banc of California Stadium.
In partnership with MLS Works and Bodyarmor Sports Drink, the foundation unveiled a new STEM classroom at the Watts Empowerment Center to commemorate the MLS Cup. This classroom includes resources such as 22 new Apple iMac computers with STEM software, an interactive TV wall, and 50 STEM education kits to empower over 15,000 children, youth, and families in need in the local community.
Overall, the Lafc Sports Foundation's impact goes beyond just sports, as it aims to bring joy, support critical programs, and be a force for good in the community, embodying the indomitable Black & Gold spirit wherever they go.
This information is meant to be a general summary of Lafc Sports 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.
- Gross Receipts: $993,459
Assets and Liabilities:
- Total Assets: $933,148
- Total Liabilities: $545,821
- Net Assets: $387,327
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Organization Details
Founding Year
2015
Phone
(213) 519-9895Principal Officer
Chris Reed
Main Address
818 W 7TH STREET SUITE 1200, LOS ANGELES, CA, 90017
Website
www.lafc.com/foundationNTEE Category
Code: O50 - Youth development
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