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Nonprofiteer
← SLAM FOUNDATION INC

Form 990 for tax year 2023

Filed by SLAM FOUNDATION INC.

Totals

Total revenue
$14,359,456
Total expenses
$16,460,053
Contributions and grants received
$7,289,669
Grants paid
$6,596,230
Program service revenue
$6,865,056
Investment income
$204,731
Other revenue
$0
Total assets, end of year
$12,728,728
Total liabilities, end of year
$10,793,036
Net assets or fund balances, end of year
$1,935,692
Program services expenses (Part IX)
$16,403,361
Management and general expenses
$56,692
Fundraising expenses
$0
Program service expenses (Part III)
$16,403,361

Program services were 99.7% 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

    $1,050,000

  • 1f · All other contributions, gifts and grants

    $6,239,669

  • 2a · Program service revenue: FEES: RENTAL INCOME

    total $6,778,044 · related or exempt $6,778,044

  • 2b · Program service revenue: FEES: AFFILIATION FEES

    total $87,012 · related or exempt $87,012

  • 3 · Investment income

    total $204,731 · related or exempt $204,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,572,230 · program services $6,572,230

  • 2 · Grants to domestic individuals

    total $24,000 · program services $24,000

  • 7 · Other salaries and wages

    total $417,520 · program services $417,520

  • 11g · Fees: other

    total $31,281 · program services $31,281

  • 16 · Occupancy

    total $8,001,010 · program services $8,001,010

  • 17 · Travel

    total $147,797 · program services $91,105 · management and general $56,692

  • 22 · Depreciation, depletion and amortization

    total $31,730 · program services $31,730

  • 23 · Insurance

    total $15,917 · program services $15,917

  • 24a · Other expenses: RECOVERALE GRANT REPAYM

    total $1,200,000 · program services $1,200,000

  • 24b · Other expenses: OTHER ADMIN EXPENSES

    total $7,835 · program services $7,835

  • 24c · Other expenses: OTHER SERVICES

    total $5,915 · program services $5,915

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $3,000 · program services $3,000

  • 24e · All other expenses

    total $1,818 · program services $1,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,496,719 · end of year $7,842,984

  • 4 · Accounts receivable

    beginning of year $4,218,070 · end of year $2,795,167

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

    $1,221,410

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

    $142,580

  • 10c · Land, buildings and equipment, net

    beginning of year $1,110,560 · end of year $1,078,830

  • 15 · Other assets

    beginning of year $2,360,352 · end of year $1,011,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,002,444 · end of year $10,031,219

  • 19 · Deferred revenue

    beginning of year $62,407 · end of year $62,407

  • 25 · Other liabilities

    beginning of year $2,084,561 · end of year $699,410

  • 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 $4,036,289 · end of year $1,935,692

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO ADVANCE LEARNING OPPORTUNITIES FOR CHILDREN OF ALL WALKS OF LIFE BY CREATING A NATIONAL NETWORK OF SLAM SCHOOLS THAT PREPARE STUDENTS FOR COLLEGE AND FOR SPORTS INDUSTRY CAREERS BEYOND COLLEGE.

  • SLAM FOUNDATION, INC. SUPPORTS SEVERAL 501(C)(3) EDUCATIONAL ORGANIZATIONS WHICH OPERATE CHARTER SCHOOLS NATIONWIDE. THE SUPPORT THE FOUNDATION PROVIDES HELPS THESE CHARTER SCHOOLS DELIVER ENHANCED EDUCATIONAL SERVICES TO THEIR STUDENTS.

    Expenses $16,403,361 · Grants $6,596,230 · Revenue $7,069,787

As filed on the 2023 return.

Listed in Part VII

  • Rene Ruiz

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Anthony Mesa

    PRESIDENT,CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Alina Lopez

    VICE PRESIDENT, 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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349302074

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