Civic Intelligence

Staples Center Foundation C/O Rob Reed

990 • Fiscal year 2016 • EIN 95-4675402

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 01, 2017

1111 S Figueroa St - Staples CenterLos Angeles, CA 90015

(213) 742-7123

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

2.91x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

1.88x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

83rd percentile

45%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

28%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$143,399

Up $44,568 (+45%) from 2015

Net Assets

Up

-$273,258

Up $77,178 (+22%) from 2015

Liabilities

Down

$416,657

Down $32,610 (-7.3%) from 2015

Revenue

Up

$221,815

Up $48,967 (+28%) from 2015

Expenses

Down

$144,637

Down $67,824 (-32%) from 2015

Net Income

Up

$77,178

Up $116,791 (+295%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$500K$0-$500KAssets 2011: $41,834Liabilities 2011: $304,045Net Assets 2011: -$262,2112011Assets 2012: $144,391Liabilities 2012: $441,819Net Assets 2012: -$297,4282012Assets 2013: $106,299Liabilities 2013: $401,771Net Assets 2013: -$295,4722013Assets 2014: $91,962Liabilities 2014: $402,785Net Assets 2014: -$310,8232014Assets 2015: $98,831Liabilities 2015: $449,267Net Assets 2015: -$350,4362015Assets 2016: $143,399Liabilities 2016: $416,657Net Assets 2016: -$273,2582016Assets 2017: $27,535Liabilities 2017: $466,399Net Assets 2017: -$438,8642017Assets 2018: $149,330Liabilities 2018: $61,679Net Assets 2018: $87,6512018Assets 2019: $288,079Liabilities 2019: $220,401Net Assets 2019: $67,6782019Assets 2020: $58,769Liabilities 2020: $10,000Net Assets 2020: $48,7692020Assets 2021: $50,678Liabilities 2021: $1,022Net Assets 2021: $49,6562021Assets 2022: $60,426Liabilities 2022: $0Net Assets 2022: $60,4262022Assets 2023: $173,494Liabilities 2023: $2,6332023Assets 2024: $466,176Liabilities 2024: $505Net Assets 2024: $465,6712024

Highlighted filing

2016

Assets$143,399
Liabilities$416,657
Net Assets-$273,258

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $367,302Expenses 2011: $385,733Net Income 2011: -$18,4312011Revenue 2012: $216,715Expenses 2012: $251,934Net Income 2012: -$35,2192012Revenue 2013: $436,171Expenses 2013: $434,215Net Income 2013: $1,9562013Revenue 2014: $39,509Expenses 2014: $54,860Net Income 2014: -$15,3512014Revenue 2015: $172,848Expenses 2015: $212,461Net Income 2015: -$39,6132015Revenue 2016: $221,815Expenses 2016: $144,637Net Income 2016: $77,1782016Revenue 2017: $16,020Expenses 2017: $181,626Net Income 2017: -$165,6062017Revenue 2018: $611,729Expenses 2018: $574,680Net Income 2018: $37,0492018Revenue 2019: $431,333Expenses 2019: $451,306Net Income 2019: -$19,9732019Revenue 2020: $260,504Expenses 2020: $279,413Net Income 2020: -$18,9092020Revenue 2021: $14,225Expenses 2021: $13,338Net Income 2021: $8872021Revenue 2022: $16,521Expenses 2022: $5,751Net Income 2022: $10,7702022Revenue 2023: $435,378Expenses 2023: $324,943Net Income 2023: $110,4352023Revenue 2024: $695,708Expenses 2024: $400,898Net Income 2024: $294,8102024

Highlighted filing

2016

Revenue$221,815
Expenses$144,637
Net Income$77,178
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 1, 2017
Return Version
2015v3.0
Gross Receipts
$237,928
Mission and Program Overview

Mission

Staples center foundation is organized for the primary exempt purpose of supporting educational and recreational programs for children and other charitable activities in the greater los angeles area.

Support of educational and recreational programs for children & other charitable activities in los angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$78,681$126,259▲ $47,578
Accounts Receivable$20,150$17,140▼ $3,010
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-350,436$-273,258▲ $77,178
Total Assets$98,831$143,399▲ $44,568
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$402,316$408,825▲ $6,509
Accounts Payable and Accrued Expenses$46,951$7,832▼ $39,119
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$449,267$416,657▼ $32,610
Net Assets / Fund Balance
Total Net Assets Fund Balance$-350,436$-273,258▲ $77,178
Total Liabilities and Net Assets / Fund Balance$98,831$143,399▲ $44,568
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan BeckermanPresident
Rob ReedChief Financial Officer
Martha SaucedoExecutive VP-external Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$214,499
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,316
All Other Contributions
$214,499
Change in Net Assets
$77,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,273
Other Expenses$4,364
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$140,273--$140,273
Other Expenses-$4,364$0$4,364
Total Functional Expenses$140,273$4,364$0$144,637
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grammy Museum Foundation--Support of Charitable Purpose$120,000
Various Contributions Made 5000--Support of Charitable Purposes$20,273
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,429
Fundraising Direct Expenses$16,113
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Small Fund.$122,995$18,307$16,113$2,194
Annual Fund.$98,229$5,122$0$5,122
Total Events$221,224$23,429$16,113$7,316
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$407,275
Accrued Liabilities$1,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The tax filings are emailed to the officers/directors for review before the returns are filed.

Form 990, Part VI, Section B, Line 12C

The officers/directors are required to annually disclose conflicts of interest.

Filing and Contact Details

Filer

Filer Name
Staples Center Foundation
EIN
95-4675402
In Care Of
% ROB REED
Phone
2137427123
Address
1111 S FIGUEROA ST - STAPLES CENTER, LOS ANGELES, CA 90015

Signing Officer

Name
Rob Reed
Title
CFO
Signed
2017-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Reed
Formed
1997
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Dreyer Robbins & Associates
Address
355 S GRAND AVE STE 1710, LOS ANGELES, CA 90071-1532
Preparer
L Dede Robbins
Phone
2136838790
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services include educational and recreational programs for children, and other charitable activities in the great los angeles area that are conducted throughout the year.

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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0237929
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0188064
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt063219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0467447
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0371713
IRS990ScheduleA/Total509Grp/TotalAmt01328372
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0237929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0188064
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt063219
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0467447
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0371713
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01328372
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0407275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt0408825
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0197795
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0104688
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt093107
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016113
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SMALL FUND.
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FUND.
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0122995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt098229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0221224
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018307
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05122
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023429
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07316
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016113
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016113
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020273
IRS990ScheduleI/RecipientTable/CashGrantAmt1120000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF CHARITABLE PURPOSES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT OF CHARITABLE PURPOSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VARIOUS CONTRIBUTIONS MADE 5000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GRAMMY MUSEUM FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0261447714
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REVIEW OF TAX EXEMPT STATUS OF RECIPIENT ORGNAIZATIONS PRIOR TO GRANT MAKING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, QUESTION 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX FILINGS ARE EMAILED TO THE OFFICERS/DIRECTORS FOR REVIEW BEFORE THE RETURNS ARE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES INCLUDE EDUCATIONAL AND RECREATIONAL PROGRAMS FOR CHILDREN, AND OTHER CHARITABLE ACTIVITIES IN THE GREAT LOS ANGELES AREA THAT ARE CONDUCTED THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS/DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098831
IRS990/TotalAssetsEOYAmt0143399
IRS990/TotalAssetsGrp/BOYAmt098831
IRS990/TotalAssetsGrp/EOYAmt0143399
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0214499
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04364
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0140273
IRS990/TotalFunctionalExpensesGrp/TotalAmt0144637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0449267
IRS990/TotalLiabilitiesEOYAmt0416657
IRS990/TotalLiabilitiesGrp/BOYAmt0449267
IRS990/TotalLiabilitiesGrp/EOYAmt0416657
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-350436
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-273258
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0140273
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0221815
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098831
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0143399
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01111 S FIGUEROA ST - STAPLES CENTER
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090015
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.STAPLESCENTERFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.66$0.01$4.66$6.96$4.01$2.95
2023Summary only. Only limited summary data is available for this year.$1.73$0.03$4.35$3.25$1.10
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.17$0.06$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.01$0.50$0.14$0.13$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.10$0.49$2.61$2.79$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$2.20$0.68$4.31$4.51$0.20
2018Summary only. Only limited summary data is available for this year.$1.49$0.62$0.88$6.12$5.75$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$4.66$4.39$0.16$1.82$1.66
2016Detailed filing. Detailed filing data is available for this year.$1.43$4.17$2.73$2.22$1.45$0.77
2015Detailed filing. Detailed filing data is available for this year.$0.99$4.49$3.50$1.73$2.12$0.40
2014Summary only. Only limited summary data is available for this year.$0.92$4.03$3.11$0.40$0.55$0.15
2013Summary only. Only limited summary data is available for this year.$1.06$4.02$2.95$4.36$4.34$0.02
2012Summary only. Only limited summary data is available for this year.$1.44$4.42$2.97$2.17$2.52$0.35
2011Summary only. Only limited summary data is available for this year.$0.42$3.04$2.62$3.67$3.86$0.18