CHICAGO BULLS CHARITIES: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO BULLS CHARITIES (EIN 36-3544506)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-08
- IRS object ID
- 202500989349300405
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-08T03:11:41-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 S Wacker Drive | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363544506 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chicago Bulls Charities | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIC | BusinessNameControlTxt |
| Phone | 3124554000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 W Madison Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60612 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIERAN KELLIHER | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 3124554000 | PhoneNum |
| Signature | 2025-04-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JUAN ORTIZ | PreparerPersonNm |
| PTIN | P01339510 | PTIN |
| Phone | 3124864072 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Michael Reinsdorf | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 W Madison Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,878,050 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nba.com/bulls/community/chicagobullscharities | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | To make a positive impact on the lives of Chicagoans in need. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 1007 | TotalVolunteersCnt |
| Total Gross UBI | $283,076 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,497,152 | PYContributionsGrantsAmt |
| CY Contributions Grants | $873,942 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $44,990 | PYInvestmentIncomeAmt |
| CY Investment Income | $137,686 | CYInvestmentIncomeAmt |
| PY Other Revenue | $518,936 | PYOtherRevenueAmt |
| CY Other Revenue | $501,016 | CYOtherRevenueAmt |
| PY Total Revenue | $2,061,078 | PYTotalRevenueAmt |
| CY Total Revenue | $1,512,644 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $14,534,334 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $816,667 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $238,821 | PYOtherExpensesAmt |
| CY Other Expenses | $102,023 | CYOtherExpensesAmt |
| PY Total Expenses | $14,773,155 | PYTotalExpensesAmt |
| CY Total Expenses | $918,690 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$12,712,077 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $593,954 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,759,027 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,984,244 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $723,783 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $355,046 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,035,244 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,629,198 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Chicago Bulls charities is committed to community violence prevention through four focus areas education, investment, health and wellness and access to opportunities. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $816,667 | ExpenseAmt |
| Grant | $816,667 | GrantAmt |
| Desc | Provide financial assistance to support education, community investment, health and wellness and access toopportunities that benefit underserved Chicagoans. | Desc |
| Total Program Service Expenses | $816,667 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kieran Kelliher | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3124554000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 W Madison St | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60612 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Ram Padmanabhan | |||||||
| Director | 1.00 | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| John Paxson | |||||||
| Director | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Michael Reinsdorf | |||||||
| Director | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Adrienne Scherenzel | |||||||
| Executive Director | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Andrew Herrington-Gilmore | |||||||
| Secretary | 41.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Kieran Kelliher | |||||||
| Treasurer | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Nancy Reinsdorf | |||||||
| President | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $873,942 | AllOtherContributionsAmt |
| Total Contributions | $873,942 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $137,686 | TotalRevenueColumnAmt |
| Exclusion | $137,686 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $222,992 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $5,052 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $217,940 | TotalRevenueColumnAmt |
| Exclusion | $217,940 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $643,430 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $360,354 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $283,076 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $283,076 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,512,644 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $283,076 | UnrelatedBusinessRevenueAmt |
| Exclusion | $355,626 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $816,667 | TotalAmt |
| Program Services | $816,667 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,761 | TotalAmt |
| Management And General | $30,761 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,459 | TotalAmt |
| Management And General | $6,459 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Credit Card Fees | $64,793 | $64,793 |
| Annual Filing Fees | $10 | $10 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $918,690 | TotalAmt |
| Program Services | $816,667 | ProgramServicesAmt |
| Management And General | $102,023 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,427 | BOYAmt |
| EOY | $97,246 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,216,293 | BOYAmt |
| EOY | $3,635,312 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $501,307 | BOYAmt |
| EOY | $251,686 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,027 | BOYAmt |
| EOY | $3,984,244 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,460 | BOYAmt |
| EOY | $5,046 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $621,323 | BOYAmt |
| EOY | $350,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $723,783 | BOYAmt |
| EOY | $355,046 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,035,244 | BOYAmt |
| EOY | $3,629,198 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,035,244 | BOYAmt |
| EOY | $3,629,198 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,759,027 | BOYAmt |
| EOY | $3,984,244 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $593,954 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $732,402 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $226,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,509,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,497,152 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $873,942 | CurrentTaxYearAmt |
| Total | $4,839,465 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $163,225 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $706 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $147,915 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $256,019 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $222,992 | CurrentTaxYearAmt |
| Total | $790,857 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $895,627 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $226,875 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,657,715 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,753,171 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,096,934 | CurrentTaxYearAmt |
| Total | $5,630,322 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $205,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $1,308 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,686 | CurrentTaxYearAmt |
| Total | $208,244 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $205,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $1,308 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,686 | CurrentTaxYearAmt |
| Total | $208,244 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $5,422,078 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $52,480 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,749 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,990 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $137,686 | CurrentTaxYearAmt |
| Total | $265,413 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $52,480 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,749 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,990 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $137,686 | CurrentTaxYearAmt |
| Total | $265,413 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $948,107 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $246,383 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,668,464 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,798,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,234,620 | CurrentTaxYearAmt |
| Total | $5,895,735 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.91970 | PublicSupportCY509Pct |
| Public Support PY509 | 0.92920 | PublicSupportPY509Pct |
| Investment Income CY | 0.04500 | InvestmentIncomeCYPct |
| Investment Income PY | 0.03380 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,506,185 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,506,185 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $6,459 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $6,459 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,512,644 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $912,231 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $912,231 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $6,459 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $6,459 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $918,690 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Corporation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Corporation evaluates tax positions taken in the course of preparing the Corporation's tax returns to determine whether tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold, including penalties and interest, would be recorded as a tax expense in the current year within miscellaneous expense in the statements of activities and changes in net assets. For the years ended June 30, 2024 and 2023, the Corporation has not identified any uncertain tax positions, and no income tax expense has been recorded in the statements of activities and changes in net assets. Open tax years under the applicable statutory limitations for federal returns of the Corporation include tax years ended June 30, 2021 through June 30, 2023. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | In Arena | Event1Nm |
| Gross Receipts Event1 | $222,992 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $222,992 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $5,052 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $222,992 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $222,992 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $5,052 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $5,052 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $217,940 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $643,430 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $321,064 | CashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $39,290 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $643,430 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $321,064 | CashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $39,290 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $360,354 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $283,076 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | IL | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Gaming Other Facility | 1.00000 | GamingOtherFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jovin Nadakapadam | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 W Madison St | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | Madelyn Fainga'a | GamingManagerPersonNm |
| Gaming Manager Services Prov | organizing raffle sellers; arranging for distribution of tickets; managing collections and deposit of sales proceeds; accounting for awards and expenses. | GamingManagerServicesProvTxt |
| Charitable Distribution Rqr | Yes (1) | CharitableDistributionRqrInd |
| Distributed | $283,076 | DistributedAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| McCormick Foundation | ||||||||
| 205 N Michigan Avenue Suite 4300 | Chicago | IL | 60601 | 363689171 | 501(c)(3) | $266,667 | $0 | Program support |
| AMPT Chicago | ||||||||
| 1200 W 35th St Unit 302 | Chicago | IL | 60609 | 363777709 | 501(c)(3) | $15,000 | $0 | Program support |
| Bright Star Community Outreach Corporation | ||||||||
| 4518 S Cottage Grove Avenue | Chicago | IL | 60653 | 262007088 | 501(c)(3) | $15,000 | $0 | Program support |
| CHAMPS (youth educationmentoring) | ||||||||
| PO Box 19584 | Chicago | IL | 60619 | 812992600 | 501(c)(3) | $15,000 | $0 | Program support |
| Greater Chicago Food Depository | ||||||||
| 4100 W Ann Lurie Pl | Chicago | IL | 60632 | 362971864 | 501(c)(3) | $15,000 | $0 | Program support |
| Pilgrim Development Corporation | ||||||||
| 22 N Kildare Ave | Chicago | IL | 60624 | 833525168 | 501(c)(3) | $15,000 | $0 | Program support |
| Chicago Sports Alliance (McCormick Foundation) | ||||||||
| 1928 West Fletcher Street | Chicago | IL | 60657 | 274556524 | 501(c)(3) | $200,000 | $0 | Program support |
| Big Brothers Big Sisters of Chicago | ||||||||
| 130 S Jefferson St Suite 200 | Chicago | IL | 60661 | 362681212 | 501(c)(3) | $50,000 | $0 | Program support |
| Simon Wiesenthal Center | ||||||||
| 1399 South Roxbury Drive | Los Angeles | CA | 90035 | 953964928 | 501(c)(3) | $30,000 | $0 | Program support |
| Noble Carter Schools (Chicago Bulls College Prep) | ||||||||
| 1 North Street Floor 5 | Chicago | IL | 60602 | 364241970 | 501(c)(3) | $10,000 | $0 | Program support |
| Growing Home - MLK Honoree | ||||||||
| 6429 S Honoree Strett | Chicago | IL | 60636 | 363989426 | 501(c)(3) | $10,000 | $0 | Program support |
| The Bloc Chicago - MLK Honoree | ||||||||
| 1345 N Karlov Ave | Chicago | IL | 60651 | 814021362 | 501(c)(3) | $10,000 | $0 | Program support |
| AeroStar Avion - MLK Honoree | ||||||||
| 18270 Anthony Ave | Country Club Hills | IL | 60478 | 824591587 | 501(c)(3) | $10,000 | $0 | Program support |
| Black Youth Leadership Project - MLK Honoree | ||||||||
| 846 E 101ST Street | Chicago | IL | 60628 | 882592472 | 501(c)(3) | $10,000 | $0 | Program support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 14 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | If money is donated to fund a program or initiative, an accounting or verification that the money was used to fund the sponsored program is requested. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Michael Reinsdorf and Nancy Reinsdorf have a family relationship. |
| Form 990, Part VI, Section A, line 6 | Chicago Bulls Charities has one member; Michael Reinsdorf. |
| Form 990, Part VI, Section A, line 7a | The member has the right to remove directors and appoint directors. |
| Form 990, Part VI, Section A, line 8b | Chicago Bulls Charities does not have official committees. |
| Form 990, Part VI, Section B, line 11b | Form 990 is prepared by an outside accounting firm and reviewed by management and the Board of Directors. |
| Form 990, Part VI, Section B, line 12c | Each director and officer is required to acknowledge on an annual basis his or her having read and understood the conflicts of interest policy and his or her compliance with the policy. If a conflict of interest is identified for a director or officer, that director or officer will not participate in any discussions or deliberations regarding that matter and would abstain from voting decisions on the matter for which there is a conflict of interest |
| Form 990, Part VI, Section C, line 19 | The governing documents and financial statements are on file with the Charitable Trust Division of Illinois Attorney General Office. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chicago Professional Sports Limited Partnership | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 W Madison | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363343313 | EIN |
| Primary Activities | Professional Sports | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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