Laureus Sport for Good Foundation USA does not meet the following 3 Standards for Charity Accountability:
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
Laureus USA does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
Laureus USA does not meet this Standard because:
- The organization states it does not have an annual report covering activities conducted in 2020.
Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.
Laureus USA does not meet this Standard because the privacy policy on its website, https://laureususa.com/, does not indicate:
- How individuals may inform the charity to not share personal information and how one may review and update personal information.
- What specific security measures are in place to protect personal information that is collected.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability:
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Laureus Sport for Good Foundation USA meets the remaining 16 Standards for Charity Accountability.
Laureus Sport for Good Foundation USA (Laureus USA) reports that it is a grant making organization that works to utilize sports as a means to improve health, education, employment, and social cohesion of youth. The organization works with corporations, foundations, and communities to advance underserved communities by ensuring children and youth have access to high quality, youth-centered sports programs. Laureus USA's Elevating Black Leaders in Sport initiative works to holistically support Black leaders in youth sports and increase access to sports-based youth development programming for Black youth. Laureus USA reports that it also commissions research and impact measurement in order to identify lessons learned, drive innovation, and improve the quality of individual sport for development programs. In response to COVID-19, the organization reports that it launched Laureus Virtual Training Camps, a series of online trainings and discussions that allowed sports-based youth development professionals to stay connected and grow during the pandemic.
For the year ended December 31, 2020, Laureus Sport for Good Foundation USA's program expenses were:
Program services |
$3,654,844 |
Total Program Expenses: |
$3,654,844 |
*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Former Chief Executive Officer, Benita Fitzgerald Mosley, received $244,459 in 2020. 2020 compensation, as reported by the charity, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 6% of related contributions. (Related contributions, which totaled $4,481,962, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Laureus Sport for Good Foundation USA's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Contributions |
$4,281,101 |
In-kind contributions |
$200,861 |
Interest and other |
$13,221 |
Total Income |
$4,495,183 |
- Programs: 85%
- Administrative: 9%
- Fundraising: 6%
Total Income |
$4,495,183 |
Program expenses |
$3,654,844 |
Fundraising expenses |
$262,202 |
Administrative expenses |
$383,742 |
Other expenses |
$0 |
Total expenses: |
$4,300,788 |
Income in Excess of Expenses |
$194,395 |
Beginning Net Assets |
$5,852,720 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$6,047,115 |
Total Liabilities |
$1,319,516 |
Total Assets |
$7,366,631 |
Note: According to the organization's audited financial statements for the year ended December 31, 2020, Laureus USA received in-kind contributions totaling $200,861 in the form of rent, technology services, and human resources services.