2024-12-11T09:24:52-07:00 2024-01-31 990 2023-02-01 522348625 FOOT LOCKER FOUNDATION INC FOOT 2127203944 330 West 34th Street New York NY 10001 Larisa Love VP Taxation 2127203944 2024-12-11 1 2023 2024-10-15 13:58:12Z Larisa Love 330 West 34th Street New York NY 10001 1572453 0 X X 2001 DE The Foundation is committed to supporting youth, athletics, education, and the communities in which Foot Locker, Inc. has operations. 3 0 0 21 14280 0 5879414 1271404 0 0 1375 14280 -37693 7055 5843096 1292739 3575362 2976124 0 0 0 0 0 0 152117 302731 282569 3878093 3258693 1965003 -1965954 4366196 2405242 0 5000 4366196 2400242 The Foundation is committed to supporting youth, athletics, education, and the communities in which Foot Locker, Inc. has operations. 0 0 578654 503195 0 Foot Locker Scholar Athletes program awards nineteen $5,000 and one $6,250 scholarships per year for four years to high school seniors who demonstrate academic excellence and exemplify strong leadership skills both in sports and within their communities. The Foundation also awards twenty-nine $5,000 and one $10,000 scholarships to employees of Foot Locker, Inc. and its subsidiaries. The criteria for awarding these scholarships is the same as for the external programs but further limited by the guidelines in Rev. Proc. 76-47. Officers and directors (and their children) of the Foundation or of Foot Locker, Inc. are not eligible for the internal program. The Foundation engages a third party to develop and manage the scholarship process. 2472929 2472929 0 The Foot Locker Foundation makes grants to other 501(c)(3) organizations. The largest grants in 2023 was to the Local Initiatives Support Corporation as detailed on Schedule I, Part II. 0 0 0 3051583 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X Larisa Love Foot Locker Inc 2127203944 330 West 34th Street New York NY 10001 X Various Former-Avail upon request Various-Former Directors Officers 0 40 X 0 12541444 0 Various Current-Avail upon request Various- Current Directors Officers 0 40 X X 0 4122312 0 Mary Dillon President and CEO 0 40 X 0 2781630 0 Frank Bracken Director and President 0 40 X X 0 2199064 0 Elliott Rodgers EVP & Chief Operations Officer 0 40 X 0 1501350 0 Robert Higginbotham Senior Vice President and Treasurer 0 40 X 0 675327 0 Mike Baughn Director 0 40 X 0 664053 0 0 24485180 0 16 1 1 0 Sequence Events LLC 15 West 38th Street New York NY 10018 Catering and Entertainment 342583 1 0 0 740760 500000 0 30644 9265 1271404 0 0 0 0 0 14280 0 14280 0 0 0 0 0 0 0 0 0 0 0 0 0 286769 740760 279714 7055 0 7055 0 1292739 0 14280 7055 X 2472929 2472929 503195 503195 0 0 33000 33000 0 0 227576 75459 152117 21379 21379 CT Corporation 208 0 208 0 Postage 13 0 13 0 Tax filing fee 393 0 393 0 0 0 3258693 3051583 54993 152117 4345737 2135142 5000 15459 270100 4366196 2405242 0 5000 0 0 0 5000 X 4366196 2400242 0 0 4366196 2400242 4366196 2405242 -1965954 0 0 0 0 0 X 0 1 X 1 0 X 1286873 1326266 5090926 5879414 1271404 14854883 1286873 1326266 5090926 5879414 1271404 14854883 7826664 7028219 10607 0 0 -37693 14420 -12666 14842217 0 0.47353 0.46509 X Schedule A, Part II, Line 10 Net income or (loss) from fundraising events. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 X 1572454 0 0 0 286769 286769 1285685 0 7054 7054 1292739 3538407 0 0 0 279714 279714 3258693 0 0 0 3258693 Schedule D, Part X, Line 2 U.S. generally accepted accounting principles require the Foundation to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the plan has takan an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Foundation has analyzed the tax positions taken, and has concluded that as of February 3, 2024 and January 28, 2023 there were no uncertain positions taken or expected to be taken that would required recognition of a liability (or asset) or disclosure in the financial statements. Schedule D, Part XI, Line 2d Gross revenue from fundraising event Schedule D, Part XI, Line 4b Net income from fundraising event Schedule D, Part XII, Line 2d Direct expenses for fundraising events On Our Feet 1027529 740760 286769 0 0 0 0 0 279714 0 0 1027529 740760 286769 0 0 0 0 0 279714 279714 7055 1 Boys & Girls Clubs of America PO Box 117431 Atlanta GA 30368 135562976 501(c)(3) 250000 0 General Grant Laureus Sport for Good 645 Fifth Avenue New York NY 10022 300047132 501(c)(3) 300000 0 General Grant Local Initiatives Support Corp 28 Liberty Street New York NY 10005 133030229 501(c)(3) 1500000 0 General Grant Two Ten Footwear Foundation Inc 1466 Main Street Walham MA 02451 222579809 501(c)(3) 12929 0 General Grant Two Ten Footwear Foundation Inc 1466 Main Street Walham MA 02451 222579809 501(c)(3) 100000 0 General Grant United Negro College Fund 80 Pine Street 9th Floor New York NY 10005 131624241 501(c)(3) 10000 0 General Grant United Negro College Fund 80 Pine Street 9th Floor New York NY 10005 131624241 501(c)(3) 300000 0 General Grant 7 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Schedule I, Part I, Line 2 The Foundation engages a third party Do Something to develop and manage the scholarship process. Schedule I, Part II, Line 1 Local Initiatives Support Corp $1,500,000, United Negro College Fund $310,000, Laureus Sport for Good $300,000, Boys & Girls Clubs of America $250,000 and Two Ten Foundation $112,929. 1 1 1 0 1 0 1 0 0 Various Former-Avail upon request Various-Former Directors Officers 0 547371 0 15819922 0 649962 0 2881373 0 -7357184 0 12541444 0 0 Various Current-Avail upon request Various- Current Directors Officers 0 2373760 0 2433439 0 105875 0 65772 0 -856534 0 4122312 0 0 Mary Dillon President & CEO 0 1300000 0 1481630 0 22523 0 0 0 -22523 0 2781630 0 0 Frank Bracken Director and President 0 856600 0 1919304 0 51211 0 0 0 -628051 0 2199064 0 0 Elliott Rodgers EVP & Chief Operations Officer 0 800000 0 700000 0 21699 0 0 0 -20349 0 1501350 0 0 Robert Higginbotham Senior Vice President and Treasurer 0 480977 0 194350 0 6159 0 0 0 -6159 0 675327 0 0 Mike Baughn Director 0 361932 0 300000 0 11024 0 0 0 -8903 0 664053 0 0 Schedule J, Part I, Line 4 a. Andrew Page - Severance $590,833: all from Foot Locker, Inc. b. Lauren Peters - SERP $643,949: all from Foot Locker, Inc. c. 3. Mary Dillon - Stock Awards $11,754,925, Option Awards $1,600,011: all from Foot Locker, Inc., 4. Frank Bracken - Stock Awards $1,570,364, Option Awards $392,582, Change in Pension Value and Non-Qualified Deferred Compensation Earnings $3,489: all from Foot Locker, Inc., 5. Elliott Rodgers - Stock Awards $1,440,032, Option Awards $360,010: all from Foot Locker, Inc., 6. Robert Higginbotham - Stock Awards $695,098, Option Awards $80,007: all from Foot Locker, Inc., 7. Michael Baughn - Stock Awards $1,497,885, Option Awards $260,008: all from Foot Locker, Inc. Schedule J, Part I, Line 5 Bonus and LTIP are contingent on the Company's performance. Schedule J, Part I, Line 6 Bonus and LTIP are contingent on the Company's performance. Form 990, Part VI, Section A, Line 2 All of the officers and directors of the Foundation are employees of Foot Locker, Inc. Form 990, Part VI, Section A, Line 7a All the Directors of the Foundation are selected by senior officers of Foot Locker, Inc. Form 990, Part VI, Section A, Line 8a Board minutes are prepared annually. Committee minutes are prepared monthly. Form 990, Part VI, Section B, Line 11b All directors sign and review the audited financial statements of the Foundation. Then they require the responsible tax officer of the Foundation to prepare the Form 990 in a manner consistent with those financial statements. Form 990, Part VI, Section B, Line 12c The officers and directors of the Foundation are all employees of Foot Locker, Inc. and are all bound by the Foot Locker, Inc. Code of Conduct. Each officer and director must review the policy every year and certify that they are in compliance with it. Form 990, Part VI, Section B, Line 13 The Foundation's directors and officers are all bound by the code of conduct and document retention policies of Foot Locker, Inc. Form 990, Part VI, Section B, Line 14 The Foundation's directors and officers are all bound by the code of conduct and document retention policies of Foot Locker, Inc. Form 990, Part VI, Section B, Line 15 No director or officer receives any compensation from the Foundation and the Foundation has no employees. Form 990, Part VI, Section C, Line 19 The Foundation's governing documents, conflicts of interest policy, and financial statements are available to the public upon request. Form 990, Part VII, Section A, Line 1a Compensation information for various former and various current officers, directors, trustees, key employees is available upon request. Form 990, Part IX, Line 11g Scholarship consulting expenses and related expenses $75,459, direct allocated expenses $72,134 and direct unallocated expenses $79,983. Foot Locker Inc 330 West 34th Street New York NY 10001 133513936 Retailer NY N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Foot Locker Inc c 500000 Cash Foot Locker Inc m 21379 Time allocations Form 8868 for tax year 2023 was filed for The Foot Locker Foundation, Inc. and was accepted on 6/10/2024.