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← LOS ANGELES LAKERS YOUTH FOUNDATION

Form 990 for tax year 2023

Filed by LOS ANGELES LAKERS YOUTH FOUNDATION.

Totals

Total revenue
$1,139,777
Total expenses
$744,292
Contributions and grants received
$296,283
Grants paid
$300,110
Program service revenue
$0
Investment income
$648,260
Other revenue
$195,234
Total assets, end of year
$2,448,752
Total liabilities, end of year
$62,230
Net assets or fund balances, end of year
$2,386,522
Program services expenses (Part IX)
$700,881
Management and general expenses
$43,411
Fundraising expenses
$0
Program service expenses (Part III)
$700,881

Program services were 94.2% 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.

  • 1d · Related organizations

    $142,705

  • 1f · All other contributions, gifts and grants

    $153,578

  • 1g · Noncash contributions included above

    $42,705

  • 3 · Investment income

    total $5,873 · excluded $5,873

  • 7a · Gross sales of assets other than inventory

    other assets $664,265

  • 7b · Less cost or other basis and sales expenses

    other assets $21,878

  • 7c · Gain or loss

    other assets $642,387

  • 7d · Net gain or loss

    total $642,387 · related or exempt $642,387

  • 8a · Fundraising events: gross income

    $225,573

  • 8b · Fundraising events: direct expenses

    $46,124

  • 8c · Net income from fundraising events

    total $179,449 · excluded $179,449

  • 9a · Gaming: gross income

    $16,086

  • 9b · Gaming: direct expenses

    $301

  • 9c · Net income from gaming

    total $15,785 · excluded $15,785

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,110 · program services $200,110

  • 2 · Grants to domestic individuals

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

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 12 · Advertising and promotion

    total $46,311 · program services $46,311

  • 13 · Office expenses

    total $26,191 · management and general $26,191

  • 24a · Other expenses: PROGRAM EXPENSES

    total $354,460 · program services $354,460

  • 24b · Other expenses: DUES & FEES

    total $4,220 · management and general $4,220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,723,225 · end of year $2,146,347

  • 2 · Savings and temporary cash investments

    beginning of year $217,659 · end of year $223,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,858 · end of year $79,283

  • 10a · Land, buildings and equipment: cost or other basis

    $7,738

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,738

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,081 · end of year $62,230

  • 18 · Grants payable

    beginning of year $10,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $39,624

  • 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 $1,991,037 · end of year $2,386,522

Mission and programs · 2023

Mission

THE LOS ANGELES LAKERS YOUTH FOUNDATION IS A REGISTERED 501(C)3 ORGANIZATION AND THE OFFICIAL TEAM CHARITY OF THE LOS ANGELES LAKERS. THE FOUNDATION'S MISSION IS TO HELP UNDERSERVED YOUTH DEVELOP THEIR POTENTIAL BY PROVIDING POSITIVE EXPERIENCES AND RESOURCES IN EDUCATION, HEALTH AND WELLNESS, AND SPORTS. THE FOUNDATION ALSO AWARDS GRANTS TO OTHER CHARITIES THAT SUPPORT YOUTH THROUGH DIRECT SERVICES AND PROGRAMS IN THESE AREAS.

Activities or mission (Part I)

THE FOUNDATION'S GOAL IS TO ASSIST NON-PROFIT COMMUNITY ORGANIZATIONS BASED ON NEED, WITH A FOCUS ON THE USE OF SPORTS TO PROMOTE EDUCATION, TEAMWORK, AND SELF-ESTEEM.

  • CASH GRANTS/ALLOCATIONS MADE TO ORGANIZATIONS PROVIDING ASSISTANCE TO THE COMMUNITY SUCH AS THOSE OFFERING SERVICES TO HELP CHILDREN AND LOCAL YOUTH PROGRAMS.

    Expenses $300,110 · Grants $300,110

  • HEALTH AND FITNESS CLINICS HELD ONCE OR TWICE MONTHLY FOR UNDERPRIVILEGED KIDS BETWEEN THE AGES OF FIVE AND EIGHTEEN AT VARIOUS LOCATIONS INCLUDING THE BOYS & GIRLS CLUBS, SCHOOLS, PARKS AND CITY FACILITIES.

    Expenses $155,756

  • LAKERS ALL-ACCESS IS AN LA SPORTS COMMISSION FUNDRAISER EVENT THAT BRINGS ALL THE SPORTS ENTITIES TOGETHER. RAFFLES ARE HELD AT THIS EVENT AS WELL.

    Expenses $104,136 · Revenue $9,984

  • NON-CASH GRANTS/ALLOCATIONS MADE TO ORGANIZATIONS PROVIDING ASSISTANCE TO THE COMMUNITY SUCH AS THOSE OFFERING SERVICES TO HELP CHILDREN AND LOCAL YOUTH PROGRAMS.

    Expenses $46,311

  • BASKETBALL CLINICS ARE HELD ONCE OR TWICE MONTHLY FOR UNDERPRIVILEGED KIDS BETWEEN THE AGES OF FIVE AND EIGHTEEN AT VARIOUS LOCATIONS INCLUDING THE BOYS & GIRLS CLUBS, HOLA, PARKS AND CITY FACILITIES.

    Expenses $91,800

  • BASKETBALL COURT CONSTRUCTION PROJECTS

    Expenses $2,768

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

Listed in Part VII

  • LINDA RAMBIS

    PRESIDENT, CEO

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • JOSHUA GREEN

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • AJ HARRIS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 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

  • BOYS & GIRLS CLUB OF METRO LOS ANGELES

    $35,000

    REFURBISHMENT OF THE OUTDOOR BASKETBALL COURT AT THE CHALLENGERS CLUBHOUSE. INSTALL NEW BASKETBALL POLE/BACKBOARD, RIM SYSTEM, APPLY ACRYLIC SURFACE AND LINES TO NEW BASKETBALL COURT, APPLY ALL LOGOS.

  • AFTER SCHOOL ALL STARS LOS ANGELES

    $10,000

    UNIFORMS, PHYSICAL EDUCATION ATTIRE, EQUIPMENT, SUPPLIES FOR 73 SCHOOL SITES, BUSES, FEES, MEALS FOR FIELD TRIPS INCLUDING COLLEGE TOURS, COACH TRAINING, CURRICULUM, AND MANUALS.

  • MAKE-A-WISH GREATER LOS ANGELES

    $10,000

    WISH GRANTING DIRECT COST EXPENSES THAT ARE DIRECTLY APART OF THE WISH THE CHILD RECEIVES (THE GOODS, SERVICES, OR TRAVEL ASSOCIATED WITH THE WISH).

  • HEART OF LOS ANGELES YOUTH INC

    $10,000

    TO HELP RUN HEART OF LA'S YOUTH BASKETBALL LEAGUES. STIPEND/FEES FOR TOURNAMENT REFEREES AND SCOREKEEPERS, UNIFORMS THAT ARE PROVIDED TO ATHLETES FREE OF CHARGE, AND FINAL GAME CHAMPIONSHIP BANQUET DINNER.

  • P F BRESEE FOUNDATION

    $7,500

    LAKERS YOUTH FOUNDATION MARCH 2024 YOU GRANT WINNER.

  • 1 SHINE YOUTH

    $7,500

    LAKERS YOUTH FOUNDATION JANUARY 2024 YOU GRANT WINNER.

  • SCHOOL ON WHEELS INC

    $7,500

    LAKERS YOUTH FOUNDATION NOVEMBER 2023 YOU GRANT WINNER.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 June 2025
IRS schema version
2023v6.0
Source object
202521689349300102

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