Form 990 for tax year 2023

Filed by SKECHERS FOUNDATION.

Totals

Total revenue: $5,438,390
Total expenses: $4,812,755
Contributions and grants received: $5,763,410
Grants paid: $4,695,980
Program service revenue: $0
Investment income: $6,480
Other revenue: -$331,500
Total assets, end of year: $5,489,103
Total liabilities, end of year: $3,447,580
Net assets or fund balances, end of year: $2,041,523
Program services expenses (Part IX): $4,755,980
Management and general expenses: $49,275
Fundraising expenses: $7,500
Program service expenses (Part III): $4,755,980

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$2,674,516
1d · Related organizations

$3,088,878
1f · All other contributions, gifts and grants

$16
1g · Noncash contributions included above

$1,088,878
3 · Investment income

total $6,480 · excluded $6,480
8a · Fundraising events: contributions included on line 1c

$2,674,516
8b · Fundraising events: direct expenses

$331,500
8c · Net income from fundraising events

total -$331,500 · excluded -$331,500

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $4,632,280 · program services $4,632,280
2 · Grants to domestic individuals

total $63,700 · program services $63,700
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $75,000 · program services $60,000 · management and general $7,500 · fundraising $7,500
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $33,714 · management and general $33,714
11d · Fees: lobbying

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $5,712 · management and general $5,712
12 · Advertising and promotion

total $0
13 · Office expenses

total $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $0
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0
24a · Other expenses: TAXES AND LICENSE

total $2,025 · management and general $2,025
24b · Other expenses: BANK CHARGES

total $324 · management and general $324
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,459,256 · end of year $4,345,775
2 · Savings and temporary cash investments

beginning of year $1,001,848 · end of year $1,008,328
3 · Pledges and grants receivable

beginning of year $150,000 · end of year $135,000
17 · Accounts payable and accrued expenses

beginning of year $62,997 · end of year $20,439
18 · Grants payable

beginning of year $2,510,911 · end of year $2,687,920
25 · Other liabilities

beginning of year $621,308 · end of year $739,221
27 · Net assets without donor restrictions

beginning of year $1,415,888 · end of year $2,041,523

Mission and programs · 2023

Mission

TO SUPPORT PROGRAMS THAT PROVIDE THE GENERAL PUBLIC WITH EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING.

VARIOUS GRANTS FOR PROGRAMS SUPPORTING EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING TOTALING 4,595,980. THE ORGANIZATION HAS A SCHOLARSHIP PROGRAM IN WHICH ALL CHILDREN WHO ARE HIGH SCHOOL SENIORS OF SKECHERS USA EMPLOYEES ARE ELIGIBLE TO PARTICIPATE. DURING THE YEAR, 13 INDIVIDUAL SCHOLARSHIPS WERE AWARDED TOTALING 63,700.

Expenses $4,755,980 · Grants $4,595,980

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Robin CurrenROBIN CURREN

TREASURER

Total calculated

$494,849

From this org

$75,000

From related orgs

$402,954

Other

$16,895

Hours/week

15 + 25 related

Schedule J breakdown matched by us

Base

$75,000 + $357,552 related

Bonus

not reported + $45,402 related

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported + $16,895 related

Filer's total

$75,000 + $419,849 related
David WeinbergDAVID WEINBERG

DIRECTOR/PRESIDENT

Total calculated

$0

Hours/week

1
Sean GalliherSEAN GALLIHER

DIRECTOR/SECRETARY

Total calculated

$0

Hours/week

1
Michael GreenburgMICHAEL GREENBURG

DIRECTOR

Total calculated

$0

Hours/week

1
Marcee MackeyMARCEE MACKEY

DIRECTOR

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

TORRANCE EDUCATION FOUNDATION

$1,120,660

GENERAL SUPPORT
THE FRIENDSHIP FOUNDATION

$1,010,518

GENERAL SUPPORT
HERMOSA BEACH EDUCATION FOUNDATION

$189,387

GENERAL SUPPORT
MANHATTAN BEACH EDUCATION FOUNDATION

$172,587

GENERAL SUPPORT
REDONDO BEACH EDUCATION FOUNDATION

$164,222

GENERAL SUPPORT
PENINSULA EDUCATION FOUNDATION

$159,510

GENERAL SUPPORT
EL SEGUNDO EDUCATION FOUNDATION

$121,258

GENERAL SUPPORT
THE HIRSHBERG FOUNDATION

$101,500

GENERAL SUPPORT
UNIVERSITY OF WASHINGTON

$25,000

GENERAL SUPPORT
FULFILLMENT FUND

$25,000

GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

SKECHERS SINGAPORE PTE LIMITED

SALES - FOOTWEAR · SN
SKECHERS (THAILAND) LIMITED

SALES - FOOTWEAR · TH
SKECHERS MALAYSIA SDN BHD

SALES - FOOTWEAR · MY
SKECHERS TRADING (SHANGHAI) CO LTD

SALES - FOOTWEAR · CH
SKECHERS CHINA LIMITED

SALES - FOOTWEAR · CH
SKECHERS CHINA E-COMMERCE CO LTD

SALES - FOOTWEAR · CH
SKECHERS CHINA HENGQIN CO LTD

SALES - FOOTWEAR · CH
LEADTIME CO LTD

SALES - FOOTWEAR · CH
SKECHERS QUANZHOU CO LTD

SALES - FOOTWEAR · CH
SKECHERS BEIJING I COLTD

SALES - FOOTWEAR · CH
SKECHERS BEIJING II COLTD

SALES - FOOTWEAR · CH
SKECHERS BEIJING III COLTD

SALES - FOOTWEAR · CH
LUENSENG TRADING CO LTD

SALES - FOOTWEAR · CH
SKECHERS CHENGDU COLTD

SALES - FOOTWEAR · CH
SKECHERS QUSHUI TRADING CO LTD

SALES - FOOTWEAR · CH
LEADTIME CHINA LIMITED

SALES - FOOTWEAR · HK
SKECHERS TAICANG TRADING & LOGISTICS COMPANY

SALES - FOOTWEAR · CH
QUANZHOU LEADTIME COMMERCIAL CO LTD

SALES - FOOTWEAR · CH
RELAXEDFIT CHINA LIMITED

SALES - FOOTWEAR · HK
RELAXEDFIT (TIANJIN)TRADING COLTD

SALES - FOOTWEAR · CH
SKECHERS (TIANJIN) SUPPLY CHAIN MANAGEMENT CO LTD

SALES - FOOTWEAR · CH
SKECHERS (TAICANG) SUPPLY CHAIN CO LTD

SALES - FOOTWEAR · CH
SKECHERS (HAINAN) TRADING CO LTD

SALES - FOOTWEAR · CH
SKECHERS (HAINAN) ENTERPRISE MANAGEMENT CO LTD

SALES - FOOTWEAR · CH
SKECHERS (QUANZHOU) ENTERPRISE MANAGEMENT CO LTD

SALES - FOOTWEAR · CH
SKECHERS HONG KONG LIMITED

SALES - FOOTWEAR · HK
SKECHERS GUANGZHOU CO LTD

SALES - FOOTWEAR · CH
SKECHERS SOUTHEAST ASIA LIMITED

SALES - FOOTWEAR · HK
SKECHERS MACAU LIMITED

SALES - FOOTWEAR · CH
SKECHERS FOOTWEAR LTD

SALES - FOOTWEAR · IS
SKECHERS KOREA CO LTD

SALES - FOOTWEAR · KS
MANHATTAN SKMX S DE RL DE CV

SALES - FOOTWEAR · MX
SKECHERS VIETNAM TRADING LIMITED

SALES - FOOTWEAR · VM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

SKECHERS USA INC

C Corp · SALES- FOOTWEAR · DE
SKECHERS USA INC II

C Corp · SALES- FOOTWEAR · VA
SKECHERS BY MAIL INC

C Corp · SALES- FOOTWEAR · DE
SKECHERS CEE KFT

C Corp · SALES- FOOTWEAR · DE
SKECHERS HOLDINGS USA 1 LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS HOLDINGS USA 2 LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS USA RETAIL LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS SOURCING USA LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS HOLDINGS INTERNATIONAL INC

C Corp · SALES- FOOTWEAR · DE
SKECHERS 10 HOLDINGS LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS SOURCING INTERNATIONAL LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS HOLDINGS SWITZERLAND LLC

C Corp · SALES- FOOTWEAR · CA
SKECHERS USA LTD

C CORP · SALES- FOOTWEAR · UK
SKECHERS UKDC LIMITED

C CORP · SALES- FOOTWEAR · UK
SKECHERS USA IBERIA SL

C CORP · SALES- FOOTWEAR · SP
SKECHERS USA DEUTSCHLAND GMBH

C CORP · SALES- FOOTWEAR · GM
SKECHERS USA FRANCE SAS

C CORP · SALES- FOOTWEAR · FR
SKECHERS CEE KFT

C CORP · SALES- FOOTWEAR · HU
SKECHERS EDC SPRL

C CORP · SALES- FOOTWEAR · BE
SKECHERS USA BENELUX BV

C CORP · SALES- FOOTWEAR · NL
SKECHERS USA ITALIA SRL

C CORP · SALES- FOOTWEAR · IT
SKECHERS BH DOO

C CORP · SALES- FOOTWEAR · BK
SKECHERS USA ROMANIA SRL

C CORP · SALES- FOOTWEAR · RO
SKECHERS POLAND SP Z OO

C CORP · SALES- FOOTWEAR · PL
SKECHERS SARL

C CORP · SALES- FOOTWEAR · SZ
SKECHERS VIETNAM CO LTD

C CORP · SALES- FOOTWEAR · VM
SKECHERS FOOTWEAR (DONGGUAN) CO LTD

C CORP · SALES- FOOTWEAR · CH
SKECHERS HOLDINGS INTERNATIONAL LIMITED

C CORP · SALES- FOOTWEAR · JE
SKECHERS USA MAURITIUS 10

C CORP · SALES- FOOTWEAR · MP
SKECHERS USA MAURITIUS 90

C CORP · SALES- FOOTWEAR · MP
SKECHERS DO BRASIL CALCADOS LTDA

C CORP · SALES- FOOTWEAR · BR
SKECHERS CHINA BUSINESS TRUST

C CORP · SALES- FOOTWEAR · JE
SKECHERS HOLDINGS MAURITIUS

C CORP · SALES- FOOTWEAR · MP
SKECHERS JAPAN GK

C CORP · SALES- FOOTWEAR · JA
COMERCIALIZADORA SKECHERS CHILE LIMITADA

C CORP · SALES- FOOTWEAR · CI
SKECHERS USA PORTUGAL UNIPESSOAL LIMITADA

C CORP · SALES- FOOTWEAR · PO
SKECHERS LATIN AMERICA LLC

C CORP · SALES- FOOTWEAR · PM
SKECHERS PANAMA LLC

C CORP · SALES- FOOTWEAR · PM
SEPULVEDA FOOTWEAR COSTA RICA SRL

C CORP · SALES- FOOTWEAR · CS
SKECHERS PERU SRL

C CORP · SALES- FOOTWEAR · PE
SKECHERS COLOMBIA SAS

C CORP · SALES- FOOTWEAR · CO
SKECHERS (BARBADOS) SRL

C CORP · SALES- FOOTWEAR · BB
SKECHERS SOUTH ASIA PRIVATE LIMITED

C CORP · SALES- FOOTWEAR · IN
SPORTS CONNECTION HOLDING

C CORP · SALES- FOOTWEAR · DA
SPORTS CONNECTION

C CORP · SALES- FOOTWEAR · DA
SPORTS CONNECTION

C CORP · SALES- FOOTWEAR · NO
SPORTS C SVERIGE AB

C CORP · SALES- FOOTWEAR · DA
SKECHERS RETAIL DANMARK APS

C CORP · SALES- FOOTWEAR · DA
SKECHERS RETAIL NORGE AS

C CORP · SALES- FOOTWEAR · NO
SC RETAIL SVERIGE AB

C CORP · SALES- FOOTWEAR · DA
SPORTS CONNECTION

C CORP · SALES- FOOTWEAR · FI
SPORTS CONNECTION RETAIL

C CORP · SALES- FOOTWEAR · GM

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.1
Source object: 202423209349301602

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