2023-12-11T07:39:00-07:00 2023-01-31 990 2022-02-01 522348625 FOOT LOCKER FOUNDATION INC FOOT 2127203944 330 West 34th Street New York NY 10001 Larisa Love VP Taxation 2127203944 2023-12-11 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Larisa Love 330 West 34th Street New York NY 10001 6072789 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 25 1375 0 5090926 5879414 0 0 35 1375 0 -37693 5090961 5843096 3467600 3575362 0 0 0 0 0 0 113823 206101 302731 3673701 3878093 1417260 1965003 2631002 4366196 229809 0 2401193 4366196 The Foundation is committed to supporting youth, athletics, education, and the communities in which Foot Locker, Inc. has operations. 0 0 582821 483412 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 nineteen $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. In 2020, the Foundation established a new scholarship program benefiting ten FLI black team members with scholarships of $5,000 each which is managed by a third party. The Foundation has also established a scholarship through the Champs Sports Foundation which awards twelve one-year scholarships of $2,500. 3091950 3091950 0 The Foot Locker Foundation makes grants to other 501(c)(3) organizations. The largest grants in 2022 were to the Local Initiatives Support Corporation and Laureus Sport for Good Foundation as detailed on Schedule I, Part II. 0 0 0 3674771 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 1 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-Available upon request Various-Former Directors Officers 0 40 X X X 0 6503055 0 Various Current-Avail upon request Various- Current Directors Officers 0 40 X X 0 4613982 0 Frank Bracken Director and President 0 40 X X 0 1767311 0 0 12884348 0 11 1 1 0 Sequence Events LLC 15 West 38th Street New York NY 10018 Catering and Entertainment 283760 1 0 0 632638 5200004 0 46772 0 5879414 0 1375 0 1375 0 0 0 0 0 0 0 0 0 0 0 0 0 192000 632638 229693 -37693 0 -37693 0 5843096 0 1375 -37693 X 3091950 3091950 483412 483412 0 0 31170 31170 213232 99409 113823 46772 46772 HNRY Logistics Inc 3450 0 3450 0 Limo and related fees 5161 0 5161 0 Misc expenses 2946 0 2946 0 3878093 3674771 89499 113823 2527604 4345737 0 0 5000 0 103398 15459 2631002 4366196 229809 0 0 0 229809 0 X 2401193 4366196 0 0 2401193 4366196 2631002 4366196 1965003 X 0 1 X 1 0 X 1361345 1286873 1326266 5090926 5879414 14944824 1361345 1286873 1326266 5090926 5879414 14944824 8003303 6941521 7332 10607 0 0 -37693 -19754 14925070 0 0.46509 0.38155 X Schedule A, Part II, Line 10 Net income for prior years were from fundraising events, then was no events in 2020 and 2021 due to the COVID pandemic. The event resumed in 2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 6072789 0 0 0 192000 192000 5880789 0 -37693 -37693 5843096 4107786 0 0 0 229693 229693 3878093 0 0 0 3878093 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 taken 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 January 28, 2023 and January 29, 2022 there were no uncertain positions taken or expected to be taken that would require 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 loss from fundraising event Schedule D, Part XII, Line 2d Direct expenses for fundraising events On Our Feet 824638 632638 192000 0 0 0 0 0 229693 0 0 824638 632638 192000 0 0 0 0 0 229693 229693 -37693 1 Laureus Sport for Good Foundation 645 Fifth Avenue New York NY 10022 300047132 501(c)(3) 425000 0 Laureus Sport for Good Foundation 645 Fifth Avenue New York NY 10022 300047132 501(c)(3) 375000 0 United Negro College Fund 80 Pine Street 9th Floor New York NY 10005 131624241 501(c)(3) 300000 0 Local Initiatives Support Corporation 28 Liberty Street New York NY 10005 133030229 501(c)(3) 250000 0 4 0 Scholarship for College 1 10000 0 Scholarship for College 1 3000 0 Scholarship for College 1 5000 0 Scholarship for College 1 6250 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 2500 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 2500 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 1250 0 Scholarship for College 1 1250 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 2500 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 2500 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 2500 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 2500 0 Scholarship for College 1 2500 0 Scholarship for College 1 2500 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 1 265 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 5000 0 Scholarship for College 1 2500 0 Scholarship for College 1 2500 0 Scholarship for College 1 2500 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 3897 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 LISC Foundation Funding $1,750,000, Laureus Sport for Good Foundation $800,000, United Negro College Fund $310,000, Two Ten Footwear Foundation, Inc. $100,000, International Rescue Committee $100,000 and Police Athletic League of Manatee County $25,000. 0 1 1 0 1 0 1 0 0 Frank Bracken Director and President 0 814583 0 982099 0 53268 0 50923 0 -133562 0 1767311 0 Various Current-Avail upon request Various- Current Directors Officers 0 2628360 0 2222158 0 83801 0 151841 0 -472178 0 4613982 0 Various-Available upon request Various-Former Directors Officers 0 1150000 0 5059430 0 75552 0 1738074 0 -1520001 0 6503055 0 Schedule J, Part I, Line 4 1) Frank Bracken - Stock Awards $2,485,048, Option Awards $260,010 : 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 prepaid 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 Various - information for officers and directors are available upon request. Form 990, Part IX, Line 11g Scholarship consulting expenses and related expenses $99,249, direct allocated expenses $54,067 and directed unallocated expenses $59,756. 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 5200004 Cash Foot Locker Inc m 46772 Time allocation Form 8868 for tax year 2022 was filed for the Foot Locker Foundation, Inc. and accepted on 6/12/2023.