Nonprofit · EIN 52-2348625
FOOT LOCKER FOUNDATION INC
Tax-exempt · NEW YORK, NY 10119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $3,874,044 | $4,164,126 | -$290,082 | $2,360,161 | $250,000 | $2,110,161 |
| January 31, 2024 | 990 | $1,292,739 | $3,258,693 | -$1,965,954 | $2,405,242 | $5,000 | $2,400,242 |
Financial details: 990 for the year ended January 31, 2025
Revenue
- Contributions, gifts and grants
- $3,871,791
- Program service revenue
- $0
- Investment income
- $22,044
- Net income from fundraising events
- -$19,791
- Other revenue
- -$19,791
Expenses
- Grants and similar amounts paid
- $3,846,306
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $35,000
- Program services (functional)
- $4,001,327
- Management and general (functional)
- $82,129
- Fundraising (functional)
- $80,670
Balance sheet and other
- Total assets, start of year
- $2,405,242
- Total assets, end of year
- $2,360,161
- Total liabilities, end of year
- $250,000
- Net assets, end of year
- $2,110,161
- Net assets without donor restrictions
- $2,110,161
- Gross receipts
- $4,190,285
- Employees
- 0
- Volunteers
- 17
- Year formed
- 2001
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended January 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Franklin Bracken | Director and President Trustee or director, Officer | 0 | $0 |
| Michael Baughn | Director Trustee or director | 0 | $0 |
| Giovanna Cipriano | Director and Senior Vice President Trustee or director, Officer | 0 | $0 |
| Cynthia Carlisle | Executive Vice President Officer | 0 | $0 |
| Robert Higginbotham | Senior Vice President & Treasurer Officer | 0 | $0 |
| Erin Conway | Vice President & Corporate Secretary Officer | 0 | $0 |
| Larisa Love | Assistant Treasurer Officer | 0 | $0 |
| Tate Fenner | Assistant Treasurer Officer | 0 | $0 |
| Yevgeniya Grafman | Assistant Secretary Officer | 0 | $0 |
| Lily Wang | Assistant Secretary Officer | 0 | $0 |
990 for the year ended January 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Various Former-Avail upon request | Various-Former Directors Officers Former | 0 | $0 | $12,541,444 |
| Various Current-Avail upon request | Various- Current Directors Officers Trustee or director, Officer | 0 | $0 | $4,122,312 |
| Mary Dillon | President and CEO Highest-paid employee | 0 | $0 | $2,781,630 |
| Frank Bracken | Director and President Trustee or director, Officer | 0 | $0 | $2,199,064 |
| Elliott Rodgers | EVP & Chief Operations Officer Highest-paid employee | 0 | $0 | $1,501,350 |
| Robert Higginbotham | Senior Vice President and Treasurer Officer | 0 | $0 | $675,327 |
| Mike Baughn | Director Trustee or director | 0 | $0 | $664,053 |
Address and contacts
- Address (IRS master file)
- 1 PENN PLZ STE 3200, NEW YORK, NY 10119-3200
- In care of
- % MATTHEW D SERRA
- Principal officer (990 for 2024)
- Larisa Love, 31 Tain Drive, Great Neck, NY 11021
- Signed the 990
- Larisa Love, VP Taxation
- Phone
- (212) 720-3944
Mission
The Foundation is committed to supporting youth, athletics, education, and the communities in which Foot Locker, Inc. has operations.
Program accomplishments
- 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.Expenses $681,271 · grants $526,250
- The Foot Locker Foundation makes grants to other 501(c)(3) organizations which share and/or support the mission of the Foundation. The largest grant given in 2024 was to the Local Initiatives Support Corporation as detailed on Schedule I, Part II.Expenses $3,320,056 · grants $3,320,056
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 52-2348625
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M20)
- Assets (IRS master file)
- $2,360,161
- Income (IRS master file)
- $4,190,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | $3,874,044 | $4,164,126 | $2,360,161 | XML |
| 990 | January 2024 | $1,292,739 | $3,258,693 | $2,405,242 | XML |
| 990 | January 2023 | $5,843,096 | $3,878,093 | $4,366,196 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2348625).
Questions about FOOT LOCKER FOUNDATION INC
- What is the EIN of FOOT LOCKER FOUNDATION INC?
- The employer identification number (EIN) of FOOT LOCKER FOUNDATION INC is 52-2348625.
- Is FOOT LOCKER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FOOT LOCKER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOOT LOCKER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOOT LOCKER FOUNDATION INC due?
- The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOOT LOCKER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2025.
- Who is the principal officer of FOOT LOCKER FOUNDATION INC?
- The 990 for the year ended January 31, 2025 names Larisa Love.
- Who are the officers and directors of FOOT LOCKER FOUNDATION INC?
- The 990 for the year ended January 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does FOOT LOCKER FOUNDATION INC have?
- On its 990 for the year ended January 31, 2025 it reported revenue of $3,874,044, expenses of $4,164,126 and total assets of $2,360,161 at year end.
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