Skip to content
Nonprofiteer
← LAFC SPORTS FOUNDATION

Form 990 for tax year 2023

Filed by LAFC SPORTS FOUNDATION.

Totals

Total revenue
$737,056
Total expenses
$1,118,932
Contributions and grants received
$737,056
Grants paid
$490,014
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$411,908
Total liabilities, end of year
$406,457
Net assets or fund balances, end of year
$5,451
Program services expenses (Part IX)
$771,191
Management and general expenses
$340,126
Fundraising expenses
$7,615
Program service expenses (Part III)
$771,191

Program services were 68.9% 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

    $47,393

  • 1f · All other contributions, gifts and grants

    $689,663

  • 8a · Fundraising events: gross income

    $0

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

    $47,393

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $490,014 · program services $490,014

  • 5 · Compensation of officers, directors and key employees

    total $87,854 · management and general $87,854

  • 7 · Other salaries and wages

    total $39,512 · management and general $39,512

  • 9 · Other employee benefits

    total $9,677 · management and general $9,677

  • 10 · Payroll taxes

    total $10,235 · management and general $10,235

  • 11a · Fees: management

    total $11,130 · management and general $11,130

  • 11b · Fees: legal

    total $20 · management and general $20

  • 13 · Office expenses

    total $409,461 · program services $226,593 · management and general $175,292 · fundraising $7,576

  • 17 · Travel

    total $5,218 · management and general $5,218

  • 24a · Other expenses: PROGRAMMING & ACTIVATIO

    total $44,084 · program services $44,084

  • 24b · Other expenses: MISCELLANEOUS

    total $6,433 · program services $5,500 · management and general $933

  • 24c · Other expenses: FIELD RENTAL

    total $5,000 · program services $5,000

  • 24d · Other expenses: MEMBERSHIP DUES & SUBSC

    total $255 · management and general $255

  • 24e · All other expenses

    total $39 · fundraising $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $592,172 · end of year $274,352

  • 3 · Pledges and grants receivable

    beginning of year $13,833 · end of year $137,556

  • 4 · Accounts receivable

    beginning of year $327,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $505,821 · end of year $406,457

  • 19 · Deferred revenue

    beginning of year $40,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $387,327 · end of year $5,451

Mission and programs · 2023

Mission

SUPPORT UNDERSERVED LOS ANGELES YOUTH BY CREATING NEW SOCCER PITCHES, INCREASING ACCESS TO ATHLETIC PROGRAMS, SUPPORTING INNOVATIVE EDUCATIONAL PROGRAMS IN PUBLIC SCHOOLS, AND PROVIDING LEADERSHIP DEVELOPMENT AND MENTORSHIP SERVICES.

Activities or mission (Part I)

THE LAFC FOUNDATION FURTHERS OUR CLUB'S MISSION OF UNITING THE WORLD'S CITY THROUGH (SEE SCHEDULE O) THE WORLD'S GAME, BRINGING JOY TO PEOPLE, AND BEING A FORCE FOR GOOD IN OUR COMMUNITY BY SUPPORTING CRITICAL PROGRAMS AND BRINGING THE INDOMITABLE BLACK & GOLD SPIRIT WHEREVER WE GO.

  • SEE SCHEDULE O.TO SUPPORT UNDERSERVED LOS ANGELES YOUTH BY CREATING NEW SOCCER PITCHES, INCREASING ACCESS TO ATHLETIC PROGRAMS, SUPPORTING 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 40,000 DISADVANTAGED PEOPLE AND UNDERSERVED YOUTH IN THE GREATER LOS ANGELES AREA. THIS INCLUDES THE DEVELOPMENT OF 36 FUTSAL COURTS BY END OF 2023, 6 COMPLETED IN 2023. OTHER PROGRAMS INCLUDE THE FUNDING OF THE YOUTH LEADERSHIP PROGRAM (YLP) AT THE BRESEE FOUNDATION, THE FALCON SCHOLARS PROGRAMS IN ADDITION TO PROVIDING ACCESS TO HEALTH AND WELLBEING SUPPORT THROUGH FREE SOCCER PROGRAMMING, MENTORSHIP AND EDUCATIONAL PROGRAMMING IN PARTNERSHIP WITH CITY YEAR, AND PROVIDE CAREER DEVELOPMENT OPPORTUNITIES. THE FOUNDATION ALSO SUPPORTED THE ALLIANCE, COLLABORATION OF 12 PROFESSIONAL SPORTS TEAMS IN GREATER LA, TO PURSUE CHANGE IN COMMUNITIES OF COLOR BY DRIVING INVESTMENT AND IMPACT FOR SOCIAL JUSTICE THROUGH SPORT. AND WE'RE EVEN PROUDER THAT WE COULD HOST THE HUGELY SUCCESSFUL UNITY MARCH AND DIALOGUE LAST JULY AT THE BMO STADIUM.IN ADDITION, WE FUNDED 5 YOUTH SOCCER PROGRAMS IN THE GREATER LOS ANGELES COMMUNITY HELPING TO ELIMINATE THE PAY TO PLAY MODEL.

    Expenses $771,191 · Grants $490,014

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

Listed in Part VII

  • Allison Rosenthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Berg

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Allison Berg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rico Jeffrey Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natasha Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bennett Rosenthal

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Brandon Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Reed

    EXECUTIVE DIRECTOR (THRU 1/2023)

    Total calculated
    $38,538
    From this org
    $38,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Larry Freedman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    3

  • Stacy Johns

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    3

  • Benny Tan

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Chelsey Oeffler

    MANAGER (FROM 06/23)

    Total calculated
    $49,316
    From this org
    $49,316
    From related orgs
    $0
    Other
    $0
    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.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE EXECUTIVE DIRECTOR RECEIVED $18,333 IN SEVERANCE FOR 2023.

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349311202

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.