LeBron James Family Foundation To Cut Staff; Bikeathon Remains
 |
James' Summer Bikeathon Will Be Produced
By Consultants This Year Instead Of Staff |
Cavaliers F LeBron James' nonprofit organization, the LeBron James Family Foundation (LJFF), which had "only recently improved its balance sheet and aligned itself with several high-profile corporate sponsors, is cutting its small staff and scaling back some charitable involvement -- but not" the summer bikeathon, according to Bill Lubinger of the Cleveland PLAIN DEALER. James said, "I am going to continue to be active in the community, especially with the bikeathon. There are going to be some more things next summer. I don't think it is going to change it. Basically, it will allow the guys around me to focus." Lubinger notes in order to "lower administrative costs," the LJFF "will produce the bikeathon with consultants instead of staff." LRMR Marketing CEO and LJFF VP & Treasurer Maverick Carter said, "It was decided there is no need for a full-time staff. ... The LJFF staff will complete the Phoenix event (building a playground during NBA All-Star weekend), and the 2009 bikeathon will be outsourced." Lubinger notes the foundation's '07 tax filing indicated that the nonprofit reported net income of $193,071 and net assets of $198,854. LJFF made $225,847 in charitable contributions (Cleveland PLAIN DEALER, 12/16).
|
Related Stories By Company
|
Related Stories By Sport
|
LeBron Says He May Switch To No. 6 Jersey
November 13, 2009 :
SportsBusiness Daily
LeBron Brings Palpable Buzz To MSG
November 9, 2009 :
SportsBusiness Daily
Dan Gilbert, 49ers Score On Election Day
November 4, 2009 :
SportsBusiness Daily
Cavs Boost Bottom Line In Down Economy
September 17, 2009 :
SportsBusiness Daily
Shaq Responds To Report About TV Show
August 21, 2009 :
SportsBusiness Daily
|
Ticket Package Offered For Flyers, 76ers
November 20, 2009 :
SportsBusiness Daily
NBPA Says Total Player Compensation Down
November 20, 2009 :
SportsBusiness Daily
Magic Johnson, Cisco Team For Initiative
November 19, 2009 :
SportsBusiness Daily
Nets Finding Unique Ways To Draw Fans
November 19, 2009 :
SportsBusiness Daily
Grizzlies Optimistic Despite AI Departure
November 18, 2009 :
SportsBusiness Daily
|
|
