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← SKECHERS FOUNDATION

Form 990 for tax year 2022

Filed by SKECHERS FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,471,887 changed to $4,001,984
Total expenses
$3,963,132 changed to $2,877,081
Contributions and grants received
$4,722,908 changed to $4,288,922
Grants paid
$3,849,656 changed to $2,794,448
Investment income
$0 changed to $1,848
Other revenue
-$251,021 changed to -$288,786
Total assets, end of year
$4,554,384 changed to $4,611,104
Total liabilities, end of year
$630,874 changed to $3,195,216
Net assets or fund balances, end of year
$3,923,510 changed to $1,415,888
Program services expenses
$3,924,656 changed to $2,854,448
Management and general expenses
$38,476 changed to $15,133
Fundraising expenses
$0 changed to $7,500
Program service expenses (Part III)
$3,924,656 changed to $2,854,448

Totals

Total revenue
$4,001,984
Total expenses
$2,877,081
Contributions and grants received
$4,288,922
Grants paid
$2,794,448
Program service revenue
$0
Investment income
$1,848
Other revenue
-$288,786
Total assets, end of year
$4,611,104
Total liabilities, end of year
$3,195,216
Net assets or fund balances, end of year
$1,415,888
Program services expenses (Part IX)
$2,854,448
Management and general expenses
$15,133
Fundraising expenses
$7,500
Program service expenses (Part III)
$2,854,448

Program services were 99.2% 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

    $2,287,439

  • 1d · Related organizations

    $2,001,483

  • 1g · Noncash contributions included above

    $3,500

  • 3 · Investment income

    total $1,848 · excluded $1,848

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $2,287,439

  • 8b · Fundraising events: direct expenses

    $288,786

  • 8c · Net income from fundraising events

    total -$288,786 · excluded -$288,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,359,195 · program services $2,359,195

  • 2 · Grants to domestic individuals

    total $100,000 · program services $100,000

  • 3 · Grants to foreign organizations and individuals

    total $335,253 · program services $335,253

  • 5 · Compensation of officers, directors and key employees

    total $15,625 · program services $12,500 · management and general $1,563 · fundraising $1,562

  • 11c · Fees: accounting

    total $6,198 · management and general $6,198

  • 11g · Fees: other

    total $59,375 · program services $47,500 · management and general $5,937 · fundraising $5,938

  • 24a · Other expenses: TAXES AND FEES

    total $1,435 · management and general $1,435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,045,629 · end of year $3,459,256

  • 2 · Savings and temporary cash investments

    end of year $1,001,848

  • 3 · Pledges and grants receivable

    end of year $150,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,210 · end of year $62,997

  • 18 · Grants payable

    end of year $2,510,911

  • 25 · Other liabilities

    beginning of year $1,038,812 · end of year $621,308

  • 27 · Net assets without donor restrictions

    beginning of year $2,963,607 · end of year $1,415,888

Mission and programs · 2022

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 $2,359,195. GRANTS WERE MADE TO TWO ORGANIZATIONS FOR DISASTER RELIEF IN UKRAINE TOTALING APPROXIMATELY $335,000. FINALLY, 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, 24 INDIVIDUAL SCHOLARSHIPS WERE AWARDED TOTALING $100,000.

    Expenses $2,854,448 · Grants $2,794,448

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Weinberg

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sean Galliher

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Bravo Left Oct 2022

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Greenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcee Mackey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robin Curren Start Oct 2022

    TREASURER

    Total calculated
    $82,022
    From this org
    $15,625
    From related orgs
    $61,154
    Other
    $5,243
    Hours/week
    15 + 25 related

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.

Grants on this return

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 INTERNATIONAL II

    SALES- FOOTWEAR · JE

  • SKECHERS DO BRASIL CALCADOS LTDA

    SALES- FOOTWEAR · BR

  • SKECHERS FOOTWEAR LTD

    SALES- FOOTWEAR · IS

  • SKECHERS KOREA CO LTD

    SALES- FOOTWEAR · KS

  • MANHATTAN SKMX S DE RL DE CV

    SALES- FOOTWEAR · MX

  • SKECHERS (THAILAND) LIMITED

    SALES- FOOTWEAR · TH

Related corporations and trusts

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

  • SKECHERS USA INC

    C · SALES- FOOTWEAR · DE

  • SKECHERS USA INC II

    C · SALES- FOOTWEAR · VA

  • SKECHERS BY MAIL INC

    C · SALES- FOOTWEAR · DE

  • SAVVAS CAF INC

    C · SALES- FOOTWEAR · DE

  • SKECHERS HOLDINGS USA 1 LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS HOLDINGS USA 2 LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS USA RETAIL LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS SOURCING USA LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS HOLDINGS INTERNATIONAL INC

    C · SALES- FOOTWEAR · DE

  • SKECHERS 10 HOLDINGS LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS SOURCING INTERNATIONAL LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS HOLDINGS SWITZERLAND LLC

    C · SALES- FOOTWEAR · CA

  • SKECHERS USA LTD

    C · SALES- FOOTWEAR · UK

  • SKECHERS UKDC LIMITED

    C · SALES- FOOTWEAR · UK

  • SKECHERS USA CANADA INC

    C · SALES- FOOTWEAR · CA

  • SKECHERS USA IBERIA SL

    C · SALES- FOOTWEAR · SP

  • SKECHERS USA DEUTSCHLAND GMBH

    C · SALES- FOOTWEAR · GM

  • SKECHERS USA FRANCE SAS

    C · SALES- FOOTWEAR · FR

  • SKECHERS CEE KFT

    C · SALES- FOOTWEAR · HU

  • SKECHERS EDC SPRL

    C · SALES- FOOTWEAR · BE

  • SKECHERS USA BELGIUM BV

    C · SALES- FOOTWEAR · BE

  • SKECHERS USA BENELUX BV

    C · SALES- FOOTWEAR · NL

  • SKECHERS USA ITALIA SRL

    C · SALES- FOOTWEAR · IT

  • SKECHERS BH DOO

    C · SALES- FOOTWEAR · BK

  • SKECHERS USA ROMANIA SRL

    C · SALES- FOOTWEAR · RO

  • SKECHERS POLAND SP Z OO

    C · SALES- FOOTWEAR · PL

  • SKECHERS SARL

    C · SALES- FOOTWEAR · SZ

  • SKECHERS VIETNAM CO LTD

    C · SALES- FOOTWEAR · VM

  • SKECHERS FOOTWEAR (DONGGUAN) CO LTD

    C · SALES- FOOTWEAR · CH

  • SKECHERS HOLDINGS JERSEY LIMITED

    C · SALES- FOOTWEAR · JE

  • SKECHERS HOLDINGS INTERNATIONAL LIMITED

    C · SALES- FOOTWEAR · JE

  • SKECHERS USA MAURITIUS 10

    C · SALES- FOOTWEAR · MP

  • SKECHERS USA MAURITIUS 90

    C · SALES- FOOTWEAR · MP

  • SKECHERS CHINA BUSINESS TRUST

    C · SALES- FOOTWEAR · JE

  • SKECHERS HOLDINGS MAURITIUS

    C · SALES- FOOTWEAR · MP

  • SKECHERS JAPAN GK

    C · SALES- FOOTWEAR · JA

  • COMERCIALIZADORA SKECHERS CHILE LIMITADA

    C · SALES- FOOTWEAR · CI

  • SKECHERS USA PORTUGAL UNIPESSOAL LIMITADA

    C · SALES- FOOTWEAR · PO

  • SKECHERS LATIN AMERICA LLC

    C · SALES- FOOTWEAR · PM

  • SKECHERS PANAMA LLC

    C · SALES- FOOTWEAR · PM

  • SEPULVEDA FOOTWEAR COSTA RICA SRL

    C · SALES- FOOTWEAR · CS

  • SKECHERS PERU SRL

    C · SALES- FOOTWEAR · PE

  • SKECHERS COLOMBIA SAS

    C · SALES- FOOTWEAR · CO

  • SKECHERS (BARBADOS) SRL

    C · SALES- FOOTWEAR · BB

  • SKECHERS FOOTWEAR HONG KONG LIMITED

    C · SALES- FOOTWEAR · HK

  • SKECHERS USA PHILIPPINES INC

    C · SALES- FOOTWEAR · RP

  • SKECHERS SOUTH ASIA PRIVATE LIMITED

    C · SALES- FOOTWEAR · IN

Provenance

Return type
form_990
Tax year
2022
Filed
14 October 2024
IRS schema version
2022v5.0
Source object
202442889349302479

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