The Lebron James Family Foundation

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 81.5%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -47%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 2.31; rating input score 66; 66th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 13.1% per year; rating input score 100; 73rd percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 25.3% per year; rating input score 100; 90th percentile among comparable filings