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Nonprofiteer
← CHARLES ANTETOKOUNMPO FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by CHARLES ANTETOKOUNMPO FAMILY FOUNDATION.

Totals

Total revenue
$2,062,278
Total expenses
$779,076
Contributions and grants received
$2,285,072
Grants paid
$605,000
Program service revenue
$0
Investment income
$28,217
Other revenue
-$251,011
Total assets, end of year
$1,625,581
Total liabilities, end of year
$180,965
Net assets or fund balances, end of year
$1,444,616
Program services expenses (Part IX)
$630,320
Management and general expenses
$129,524
Fundraising expenses
$19,232
Program service expenses (Part III)
$630,320

Program services were 80.9% 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

    $1,031,975

  • 1f · All other contributions, gifts and grants

    $1,253,097

  • 3 · Investment income

    total $28,217 · excluded $28,217

  • 8a · Fundraising events: gross income

    $50,000

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

    $1,031,975

  • 8b · Fundraising events: direct expenses

    $301,011

  • 8c · Net income from fundraising events

    total -$251,011 · excluded -$251,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $605,000 · program services $605,000

  • 5 · Compensation of officers, directors and key employees

    total $30,927 · program services $3,093 · management and general $24,741 · fundraising $3,093

  • 7 · Other salaries and wages

    total $5,842 · program services $585 · management and general $4,672 · fundraising $585

  • 10 · Payroll taxes

    total $3,842 · program services $384 · management and general $3,074 · fundraising $384

  • 11a · Fees: management

    total $90,000 · program services $10,399 · management and general $69,202 · fundraising $10,399

  • 11b · Fees: legal

    total $4,643 · management and general $4,643

  • 11c · Fees: accounting

    total $9,345 · management and general $9,345

  • 13 · Office expenses

    total $14,820 · program services $1,482 · management and general $11,856 · fundraising $1,482

  • 14 · Information technology

    total $2,210 · program services $220 · management and general $1,770 · fundraising $220

  • 17 · Travel

    total $12,176 · program services $9,132 · fundraising $3,044

  • 20 · Interest

    total $21 · management and general $21

  • 23 · Insurance

    total $250 · program services $25 · management and general $200 · fundraising $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $339,553

  • 2 · Savings and temporary cash investments

    beginning of year $168,734

  • 3 · Pledges and grants receivable

    end of year $111,022

  • 11 · Investments: publicly traded securities

    end of year $1,175,006

  • 17 · Accounts payable and accrued expenses

    end of year $20,965

  • 18 · Grants payable

    end of year $160,000

  • 27 · Net assets without donor restrictions

    beginning of year $168,734 · end of year $1,444,616

Mission and programs · 2023

Mission

THE FOUNDATION'S PURPOSE IS TO ALLEVIATE POVERTY AND TO INCREASE ACCESS TO EDUCATION, SOCIAL, AND CULTURAL DEVELOPMENT THROUGHOUT THE WORLD, WITH A PARTICULAR FOCUS ON PROJECTS IN THE US, GREECE, AND NIGERIA.

Activities or mission (Part I)

ALLEVIATE POVERTY AND TO INCREASE ACCESS TO EDUCATION, SOCIAL, AND CULTURAL DEVELOPMENT THROUGHOUT THE WORLD, WITH A PARTICULAR FOCUS ON PROJECTS IN THE US, GREECE, AND NIGERIA.

  • THE FOUNDATION WILL PROVIDE CRITICAL SUPPORT TO ORGANIZATIONS THAT ALIGN WITH THIS MISSION IN THE UNITED STATES, NIGERIA, AND GREECE. THE FOUNDATION WILL PROVIDE SUPPORT TO AT-RISK YOUTH, LOW-INCOME FAMILIES, IMMIGRANTS, REFUGEES, AND WIDOWS THROUGH FINANCIAL SUPPORT TO NONPROFIT PARTNERS, AND ORIGINAL IN-HOUSE ATHLETIC PROGRAMMING. THE FOUNDATION PROVIDED A GRANT TO SUPPORT MILWAUKEE DIAPER MISSION IN PROVIDING KEY SUPPLIES FOR FAMILIES THROUGHOUT THE MILWAUKEE AREA, SEEKING TO ALLEVIATE THE LACK OF ACCESS TO DIAPERS THAT 1 IN 2 FAMILIES IN MILWAUKEE EXPERIENCE. OTHER ACCOMPLISHMENTS INCLUDE: A LARGE COLLABORATION WITH WHATSAPP AND NABU (A DIGITAL LITERACY ORGANIZATION) THAT RESULTED IN THE CREATION OF 40 ORIGINAL CHILDREN'S BOOKS IN NATIVE NIGERIAN LANGUAGES; THE 4TH YEAR OF THE ANTETOKOUNMPO ACADEMY IN GREECE A BASKETBALL TRAINING PROGRAM THAT USES SPORT AS A PLATFORM TO BUILD CHARACTER AND CONFIDENCE IN KIDS; AND A VARIETY OF GIVE-BACK EVENTS WITH THE ANTETOKOUNMPOS AROUND THE HOLIDAY SEASON.

    Expenses $630,320 · Grants $605,000

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

Listed in Part VII

  • GIANNIS ANTETOKOUNMPO

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THANASIS ANTETOKOUNMPO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EMILY VENNERSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX ANTETOKOUNMPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KOSTAS ANTETOKOUNMPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERONICA ANTETOKOUNMPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN COCHLIN

    DEPUTY DIRECTOR

    Total calculated
    $30,926
    From this org
    $28,274
    From related orgs
    $0
    Other
    $2,652
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349317690

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