Overview
What is Foot Locker Foundation Inc?
Foot Locker Foundation Inc, situated in New York City, is a nonprofit organization that prioritizes supporting youth, athletics, and education within the communities connected to Foot Locker, Inc. Their primary activity involves offering scholarships. Each year, they award nineteen $5,000 scholarships and one $6,250 scholarship to outstanding high school seniors exhibiting academic proficiency and exceptional leadership abilities in sports and their communities. Moreover, they grant additional scholarships to Foot Locker, Inc., and its subsidiaries' employees. In 2020, a new scholarship program was established for ten FLI black team members, managed by a third party. Furthermore, the Foundation collaborates with the Champs Sports Foundation to award twelve $2,500 scholarships annually. Their mission aligns with their actions, as they strive to uplift and empower the next generation.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates that Foot Locker Foundation Inc has received a Three-Star out of Four Star rating, reflecting a solid performance in accountability and finance. This rating is primarily based on the organization's strong adherence to financial management practices and transparency.
The foundation has achieved a commendable score in all assessed areas, including a perfect score for its Audit and Oversight Committee, material diversion of assets, and conflict of interest policies. With a program expense ratio of 93.47%, it demonstrates a commitment to directing a significant portion of its resources towards its charitable programs.
While the overall rating is positive, it reflects that the organization has room for growth in areas not covered by the current assessment. Stakeholders may want to consider additional factors such as program impact and community engagement when evaluating the foundation's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Foot Locker Foundation Inc legitimate?
Foot Locker Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foot Locker Foundation Inc 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: $0
For more financial information, click here
What is the mission statement of Foot Locker Foundation Inc?
The Foot Locker Foundation Inc is dedicated to supporting various initiatives, with a focus on youth, athletics, education, and the communities connected to Foot Locker Inc's operations. As part of its mission, the foundation offers scholarships to high-achieving high school seniors and employees of Foot Locker Inc., recognizing academic excellence and leadership skills in sports and community involvement. In 2020, the foundation introduced a new scholarship program for ten team members from its FLI (Foot Locker, Inc.) black team. Additionally, the foundation collaborates with the Champs Sports Foundation to award scholarships.
Who is the CEO of Foot Locker Foundation Inc?
Larisa Love is the Various-Former Directors Officers of Foot Locker Foundation Inc.
What is the revenue of Foot Locker Foundation Inc?
Foot Locker Foundation Inc's revenue in 2023 was $5,843,096.
Who are the executives of Foot Locker Foundation Inc and what are their salaries?
There 25 volunteers at Foot Locker Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $6,503,055
- Other: $0
- Compensation: $0
- Related: $4,613,982
- Other: $0
- Compensation: $0
- Related: $1,767,311
- Other: $0
Where can I find the form 990 for Foot Locker Foundation Inc?
Foot Locker Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Foot Locker Foundation Inc
Foot Locker Foundation Inc, as a philanthropic organization, is dedicated to making a significant impact in the realms of youth, athletics, education, and the communities where Foot Locker, Inc. operates. The foundation's mission is multifaceted, aiming to contribute positively to various aspects of society. It strives to support the growth and development of young individuals by providing scholarships to high-achieving high school seniors who excel in academics and demonstrate strong leadership skills in sports and within their communities. Foot Locker Foundation Inc also extends its support to employees of Foot Locker, Inc. and its subsidiaries, offering scholarships based on the same criteria.
In addition to its scholarship programs, Foot Locker Foundation Inc is committed to fostering a sense of community. It achieves this by investing in initiatives that promote athletics, education, and community development. The foundation's activities are not limited to its immediate circle but extend to broader society, demonstrating its dedication to making a positive impact wherever Foot Locker, Inc. has a presence. By supporting youth, athletics, education, and communities, Foot Locker Foundation Inc seeks to help shape a brighter future for all.
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Impact
July, 2024
The Foot Locker Foundation Inc makes a significant impact by supporting youth, athletics, education, and the communities in which Foot Locker, Inc. operates. One of its key initiatives is the Foot Locker Scholar Athletes program, which awards scholarships to high school seniors who excel academically and demonstrate strong leadership skills both in sports and within their communities. Additionally, the Foundation provides scholarships to employees of Foot Locker, Inc. and its subsidiaries. In 2020, a new scholarship program was established to benefit black team members with scholarships managed by a third party. Through these programs, the Foundation is helping to empower and support individuals to achieve their academic and athletic goals.
This information is meant to be a general summary of Foot Locker Foundation Inc. 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 2023.
- Investment Income: $1,375
- Gross Receipts: $6,072,789
Assets and Liabilities:
- Total Assets: $4,366,196
- Total Liabilities: $0
- Net Assets: $4,366,196
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Organization Details
Founding Year
2001
Phone
(212) 720-3944Principal Officer
Larisa Love
Main Address
330 West 34th Street, New York, NY, 10001
NTEE Category
Code: M20 - Public safety
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