THE LEBRON JAMES FAMILY FOUNDATION

EIN: 020716277 501(c)(3) Public & Societal Benefit

AKRON, OH

Total Revenue
$12,330,230
Total Expenses
$11,357,684
Total Assets
$28,375,391
Net Assets
$24,496,146
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
OH
Principal Officer
MICHELE CAMPBELL
Phone
2167712323
Tax Period
2023-01-01 to 2023-12-31

THE LEBRON JAMES FAMILY FOUNDATION, founded in 2004, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $12.3M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $11.4M left a modest 8% surplus.

Mission

WHAT BEGAN AS A MISSION TO RAISE GRADUATION RATES IN LEBRON'S HOMETOWN OF AKRON, OHIO, THE LEBRON JAMES FAMILY FOUNDATION'S WORK HAS EVOLVED INTO A MOVEMENT THAT IS REDEFINING WHAT FAMILY AND COMMUNITY LOOKS LIKE. SEE SCHEDULE O FOR FURTHER INFORMATION.

Program Service Accomplishments

Program 1
Expenses: $3,460,429

THE I PROMISE SCHOOL: LEBRON'S MISSION TO RAISE GRADUATION RATES IN HIS HOMETOWN OF AKRON, OHIO, HAS EVOLVED INTO A MOVEMENT THAT IS REDEFINING WHAT FAMILY AND COMMUNITY LOOKS LIKE. AFTER A DECADE OF...

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THE I PROMISE SCHOOL: LEBRON'S MISSION TO RAISE GRADUATION RATES IN HIS HOMETOWN OF AKRON, OHIO, HAS EVOLVED INTO A MOVEMENT THAT IS REDEFINING WHAT FAMILY AND COMMUNITY LOOKS LIKE. AFTER A DECADE OF LEARNING AND LISTENING TO THE STUDENTS AND FAMILIES IT SERVES, THE FOUNDATION'S "WE ARE FAMILY" PHILOSOPHY MANIFESTED IN THE OPENING OF THE I PROMISE SCHOOL IN 2018 THAT PRIORITIZES SOCIAL EMOTIONAL LEARNING AND LEADING WITH LOVE ALONGSIDE A STEM-BASED CURRICULUM. AS PART OF ITS GROUNDBREAKING MODEL FOR PUBLIC SCHOOLS, IPS MAINTAINS A FULL-TIME, ON-SITE FAMILY RESOURCE CENTER THAT PROVIDES WIDE-RANGING SERVICES FOR ALL STUDENTS AND FAMILY MEMBERS INCLUDING LEGAL AID, MEDICAL CARE, GED CLASSES, FINANCIAL LITERACY PROGRAMMING, JOB & FAMILY SERVICES, AND A FULL-TIME FOOD AND ESSENTIALS PANTRY. IN ADDITION, THE FOUNDATION OFFSETS THE COST OF ADDITIONAL EDUCATORS TO KEEP CLASS SIZE AND STUDENT TO TEACHER RATIOS LOW FOR A MORE EFFICIENT LEARNING ENVIRONMENT. IN AN EFFORT TO SUPPORT THE IPS EDUCATORS DURING THIS HARD WORK, THE FOUNDATION REGULARLY COVERS THE COST OF CLASSROOM AND PROJECT SUPPLIES AND PROVIDES ADDITIONAL RESOURCES FOR TEACHERS TO PRIORITIZE THEIR WELL-BEING AS THEY POUR SO MUCH INTO THEIR STUDENTS. MOST RECENTLY, IPS INTRODUCED SPORTS AS AN OPPORTUNITY FOR STUDENTS OUTSIDE THE CLASSROOM. THE FOUNDATION FULLY FUNDS THE ENTIRE SPORTS PROGRAM AT IPS WHICH INCLUDES COACHES, UNIFORMS, FACILITIES, TRANSPORTATION, MEALS, INSURANCE, BANQUESTS, AND TEAM BUILDING. THE FOUNDATION IS ALWAYS LOOKING FOR NEW WAYS TO SUPPORT THE IMPORTANT WORK BEING DONE AT IPS.

Program 2
Expenses: $2,491,045 Revenue: $737,801

HOUSE THREE THIRTY: ON MARCH 30, 2023 ("330 DAY), LJFF OFFICIALLY OPENED THE DOORS TO HOUSE THREE THIRTY, AN INNOVATIVE, MULTI-USE SPACE FOR I PROMISE FAMILIES AND THE ENTIRE COMMUNITY TO GATHER AND...

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HOUSE THREE THIRTY: ON MARCH 30, 2023 ("330 DAY), LJFF OFFICIALLY OPENED THE DOORS TO HOUSE THREE THIRTY, AN INNOVATIVE, MULTI-USE SPACE FOR I PROMISE FAMILIES AND THE ENTIRE COMMUNITY TO GATHER AND ENGAGE IN IMMEDIATELY IMPACTFUL PROGRAMMING. HOUSE THREE THIRTY CONVENES CRITICAL COMMUNITY RESOURCES UNDER ONE ROOF INCLUDING FAMILY FINANCIAL HEALTH PROGRAMMING THAT IS EASILY ACCESSIBLE AND TAILORED TO HELP FAMILIES TAKE CONTROL OF THEIR FINANCIAL FUTURES. JOB TRAINING OPPORTUNITIES ARE AVAILABLE THROUGH THE VENUE'S VARIED RETAIL, DINING AND EVENT SPACES, DESIGNED TO HELP I PROMISE PARENTS, GUARDIANS AND FAMILY MEMBERS DEVELOP GREATER BUSINESS EXPERIENCE AND PREPARE THEM FOR FUTURE CAREER OPPORTUNITIES. HOUSE THREE THIRTY ALSO SERVES AS A COMMUNITY GATHERING SPACE FOR LARGE INDOOR AND OUTDOOR EVENTS, MONTHLY MEALS, FAMILY PROGRAMMING AND IMPORTANT CONVERSATIONS NEEDED TO MOVE THE COMMUNITY AND COUNTRY FORWARD.

Program 3
Expenses: $2,420,291

LJFF HOSPITALITY: WITHIN THE WALLS OF HOUSE THREE THIRTY, CHANGE IS BEING MADE THROUGH THE COMMUNITY EDUCATION PROGRAM THAT PROVIDES I PROMISE FAMILY MEMBERS THE OPPORTUNITY TO CULTIVATE NEW SKILLS...

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LJFF HOSPITALITY: WITHIN THE WALLS OF HOUSE THREE THIRTY, CHANGE IS BEING MADE THROUGH THE COMMUNITY EDUCATION PROGRAM THAT PROVIDES I PROMISE FAMILY MEMBERS THE OPPORTUNITY TO CULTIVATE NEW SKILLS AND ENGAGE IN JOB TRAINING TO GAIN MEANINGFUL EMPLOYMENT AND WORK EXPERIENCE. WITH SPECIALLY DEVISED INDUSTRY CURRICULUM DELIVERED BY COACHES AND OTHER INDUSTRY EXPERTS, THE FIRST COHORT OF STUDENTS ARE LEARNING IN A WE ARE FAMILY ENVIRONMENT THAT MEETS THEM WHERE THEY ARE, MAKING THEIR LONG-HELD ACADEMIC AND CAREER GOALS ACCESSIBLE. IT IS AN EDUCATIONAL MOVEMENT THAT BREAKS DOWN BARRIERS AND RECOGNIZES THAT A ONE-SIZE-FITS-ALL APPROACH MAY NOT WORK FOR ALL FAMILIES. THE COMMUNITY EDUCATION PROGRAM BEGAN WITH EIGHT WEEKS OF TRAINING FOR TEAM MEMBERS COMMITTED TO WE ARE FAMILY TRAINING CAMP WITH SPECIALTY CURRICULUM DELIVERED ALONGSIDE INDUSTRY EXPERTS. A PARTICULAR FOCUS IS ALSO PLACED ON LIFE SKILLS INCLUDING LEADERSHIP, COMMUNICATION AND ACCOUNTABILITY, SKILLS THAT ARE TRANSFERRABLE TO ALL FACETS OF LIFE. UPON COMPLETING ALL SECTORS OF TRAINING CAMP, OUR FIRST OFFICIAL COHORT OF TEAM MEMBERS CONTINUE LEARNING IN REAL-WORLD SETTINGS, PROVIDING VARIOUS SERVICES AVAILABLE WITHIN HOUSE THREE THIRTY. AS THEY PRACTICE AND MASTER SKILLS ACROSS DIFFERENT SECTORS, THEY ARE BEGINNING TO DEVELOP THEIR PASSION AND BUILD CONFIDENCE. THIS INNOVATIVE JOB TRAINING EXPERIENCE ALLOWS THEM TO CONTINUE PROVIDING FOR THEIR FAMILIES WHILE THEY PURSUE HIGHER EDUCATION AND CULTIVATE VALUABLE JOB EXPERIENCE AND TRAINING. DAY-TO-DAY, THE COMMUNITY EDUCATION PROGRAM IS ADMINISTERED BY FIVE COACHES THAT OVERSEE TEAM MEMBERS SCHEDULES, ADMINISTER WRAPAROUND SUPPORTS, AND CONTINUE TO DEVELOP APPROPRIATE CURRICULUM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,117,609
Program Service Revenue $0
Investment Income $9,046
Other Revenue $1,203,575
TOTAL REVENUE $12,330,230

Expense Breakdown

Grants Paid $3,286,815
Salaries & Benefits $1,199,690
Fundraising Expenses $0
Program Expenses $9,127,889
Other Expenses $6,871,179
TOTAL EXPENSES $11,357,684

Year-over-Year Comparison

2023 2022 Change
Revenue $12,330,230 $17,286,604 -0.3%
Expenses $11,357,684 $8,949,942 +0.3%
Net Income $972,546 $8,336,662 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
80
Volunteers
500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA JAMES PRESIDENT 10.00
Officer Director
$0 $0 $0
MAVERICK CARTER VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $0 $0
LEBRON JAMES CHAIRMAN OF THE BOARD 5.00
Officer Director
$0 $0 $0
LYNN MERRITT VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
MICHELE CAMPBELL EXECUTIVE DIRECTOR 30.00
Officer
$0 $0 $0
VICTORIA MCGEE DIRECTOR OF FAMILY RESOURCE 45.00
Highest
$179,813 $30,195 $210,008
WILLIE MCGEE DIRECTOR 45.00
Highest
$113,833 $20,211 $134,044
TONI MONTGOMERY DIRECTOR OF IPROMISE PROGRAM 45.00
Highest
$117,688 $14,620 $132,308
MONIQUE RANSOME COACH 45.00
Highest
$107,500 $17,961 $125,461
OLIVIA FILKO OPERATIONS MANAGER 45.00
Highest
$102,500 $20,219 $122,719
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,330,230 $11,357,684 $28,375,391 $972,546
2022 $17,286,604 $8,949,942 $26,473,741 $8,336,662
2021 $12,709,442 $6,585,800 $17,485,828 $6,123,642
2020 $10,852,931 $5,658,293 $11,914,589 $5,194,638
2019 $4,949,464 $4,280,465 $5,430,371 $668,999
2018 $7,134,776 $6,309,549 $4,587,562 $825,227
2018 $7,016,498 $6,456,442 $4,469,784 $560,056
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