CHANCE SPORTS: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHANCE SPORTS (EIN 88-2769009)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-24
- IRS object ID
- 202401159349300415
- Schema version
- 2023v5.0
- 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 | 2024-04-24T15:19:01-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 461335331 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALTRUIC ADVISORS CPAS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 417 FOREST AVENUE | AddressLine1Txt |
| City | PLYMOUTH | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 882769009 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHANCE SPORTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAN | BusinessNameControlTxt |
| Phone | 7204707069 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 MONROE ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VICKIE PUCHI | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 7204707069 | PhoneNum |
| Signature | 2024-04-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | VICKIE | PersonFirstNm |
| Person Last | PUCHI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RYAN N HAGAN CPA | PreparerPersonNm |
| PTIN | P00293011 | PTIN |
| Phone | 8882985297 | PhoneNum |
| Preparation | 2024-04-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | VICKIE PUCHI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 MONROE ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $720,424 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | CHANCESPORTS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2022 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | CHANCE SPORTS IS A COLORADO TAX-EXEMPT NONPROFIT SCHOLARSHIP ORGANIZATION THAT PROVIDES FINANCIAL ASSISTANCE TO YOUNG ATHLETES FROM FAMILIES WITH FINANCIAL NEED SO THEY CAN ACCESS COMPETITIVE CLUB SPORT PROGRAMS AND LEARN LEADERSHIP AND TEAM-BUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $300,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $720,424 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $300,000 | PYTotalRevenueAmt |
| CY Total Revenue | $720,424 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $203,106 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $93,750 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $65,474 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $123,371 | PYOtherExpensesAmt |
| CY Other Expenses | $226,817 | CYOtherExpensesAmt |
| PY Total Expenses | $123,371 | PYTotalExpensesAmt |
| CY Total Expenses | $523,673 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $176,629 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $196,751 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $180,340 | TotalAssetsBOYAmt |
| Total Assets EOY | $379,797 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,711 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,417 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $176,629 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $373,380 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CHANCE SPORTS IS A COLORADO TAX-EXEMPT NONPROFIT SCHOLARSHIP ORGANIZATION THAT PROVIDES FINANCIAL ASSISTANCE TO YOUNG ATHLETES FROM FAMILIES WITH FINANCIAL NEED SO THEY CAN ACCESS COMPETITIVE CLUB SPORT PROGRAMS AND LEARN LEADERSHIP AND TEAM-BUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $367,320 | ExpenseAmt |
| Grant | $203,106 | GrantAmt |
| Desc | MOVED TO ADDRESS INEQUITY, THE CORNERSTONE PROGRAM OF CHANCE SPORTS IS THE PROVISION OF FINANCIAL SUPPORT FOR YOUTH TO ACCESS COMPETITIVE CLUB SPORTS, WHILE SIMULTANEOUSLY DEVELOPING LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. THIS FINANCIAL SUPPORT ENSURES ATHLETES CAN COVER CLUB FEES, TRAVEL EXPENSES, TOURNAMENT COSTS, AND EQUIPMENT COSTS. SCHOLARSHIPS RANGE FROM 300 TO 2,500, AND ARE AWARDED ON A SLIDING SCALE BASED ON A FAMILY'S HOUSEHOLD INCOME AS A PERCENTAGE OF THE FEDERAL POVERTY LINE, SEEKING TO COVER 50% OF THE OVERALL COST TO PARTICIPATE ANNUALLY IN EACH ATHLETE'S PRIMARY SPORT. AS CHILDREN GET OLDER, SCHOLARSHIP AMOUNTS GO UP SIGNIFICANTLY SINCE THEIR COST TO PARTICIPATE GOES UP AS COMPETITION LEVEL INCREASES, PARTICULARLY THE TRAVEL COSTS. CHANCE SPORTS CURRENTLY SUPPORTS 200 ATHLETES PARTICIPATING ACROSS EIGHT SPORTS IN THIRTEEN PARTNER CLUBS AND EXPECTS TO MORE THAN DOUBLE THOSE NUMBERS IN 2024. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. ATHLETES FROM ANY AND ALL COUNTIES IN THE STATE ARE ELIGIBLE. 70% OF CURRENT SCHOLARSHIP RECIPIENTS ARE MALE AND 30% FEMALE AND THEY RANGE FROM AGE 8 THROUGH 18. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, ITS INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 64% BLACK, 14% LATINO, 10% MULTI RACIAL, 9% CAUCASIAN, AND 3% OTHER. CURRENTLY, 60% OF CS ATHLETES RESIDE IN DENVER, 30% IN AURORA AND 10% IN SURROUNDING AREAS OF METRO DENVER THOUGH ATHLETES WITH FINANCIAL NEED ACROSS THE ENTIRE STATE OF COLORADO ARE ELIGIBLE, AND ENCOURAGED, TO APPLY FOR A SCHOLARSHIP. 95% OF CURRENT CS ATHLETES ATTEND PUBLIC OR CHARTER SCHOOLS. | Desc |
| Total Program Service Expenses | $367,320 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VICKIE PUCHI | PersonNm |
| Phone | 7204707069 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 MONROE ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| VICKIE PUCHI | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $93,750 | $0 | $0 | |
| COLIN LARSON | ||||||
| PRESIDENT | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JONATHAN TEE | ||||||
| SECRETARY | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| LUKE RAGLAND | ||||||
| TREASURER | 0.75 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| AIDAH CLINTON | ||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | |
| PAUL CRANDALL | ||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | |
| JEN ANDREWS | ||||||
| BOARD MEMBER | 0.50 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $93,750 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $121,435 | GovernmentGrantsAmt |
| All Other Contributions | $598,989 | AllOtherContributionsAmt |
| Total Contributions | $720,424 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $720,424 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,106 | TotalAmt |
| Program Services | $203,106 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,750 | TotalAmt |
| Program Services | $63,750 | ProgramServicesAmt |
| Fundraising | $30,000 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,000 | TotalAmt |
| Program Services | $47,500 | ProgramServicesAmt |
| Management And General | $47,500 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,908 | TotalAmt |
| Management And General | $12,908 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,411 | TotalAmt |
| Program Services | $24,951 | ProgramServicesAmt |
| Management And General | $27,500 | ManagementAndGeneralAmt |
| Fundraising | $21,960 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,987 | TotalAmt |
| Program Services | $11,494 | ProgramServicesAmt |
| Fundraising | $11,493 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125 | TotalAmt |
| Program Services | $94 | ProgramServicesAmt |
| Fundraising | $31 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,873 | TotalAmt |
| Program Services | $5,742 | ProgramServicesAmt |
| Fundraising | $1,131 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,056 | TotalAmt |
| Program Services | $2,641 | ProgramServicesAmt |
| Fundraising | $415 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,877 | TotalAmt |
| Management And General | $2,877 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| CHECK PLATFORM FEES | $7,014 | $7,014 | ||
| TRANSPORTATION | $797 | $598 | $199 | |
| DUES AND SUBSCRIPTIONS | $574 | $430 | $144 | |
| BANK FEES | $165 | $101 | $64 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30 | TotalAmt |
| Management And General | $30 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $523,673 | TotalAmt |
| Program Services | $367,320 | ProgramServicesAmt |
| Management And General | $90,879 | ManagementAndGeneralAmt |
| Fundraising | $65,474 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,340 | BOYAmt |
| EOY | $268,891 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $78,891 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $32,015 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,340 | BOYAmt |
| EOY | $379,797 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,711 | BOYAmt |
| EOY | $6,417 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,711 | BOYAmt |
| EOY | $6,417 | 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) |
|---|---|---|
| EOY | $373,380 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,629 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,629 | BOYAmt |
| EOY | $373,380 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,340 | BOYAmt |
| EOY | $379,797 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $196,751 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $300,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $720,424 | CurrentTaxYearAmt |
| Total | $1,020,424 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $300,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $720,424 | CurrentTaxYearAmt |
| Total | $1,020,424 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,020,424 | PublicSupportTotal170Amt |
| Total Support | $1,020,424 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 195 | RecipientCnt |
| Cash Grant | $203,106 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | FAMILIES WITH AN ANNUAL INCOME OF 350% OF FEDERAL POVERTY LINE AND BELOW ARE ELIGIBLE TO APPLY. AWARDS ARE DISTRIBUTED ON A SLIDING SCALE WITH THOSE WITH THE GREATEST FINANCIAL NEED RECEIVING A HIGHER PERCENTAGE OF THE OVERALL ANNUAL COST TO PARTICIPATE IN THEIR PRIMARY COMPETITIVE SPORT. FUNDS ARE PROVIDED TO FAMILIES THROUGH DIGITAL FUNDING CARDS. THE COMPANY WE PARTNER WITH TO DISTRIBUTE FUNDS IS CHEK. THE FUNDING CARDS HAVE RESTRICTIONS ON WHICH VENDORS THEY CAN BE USED AT (I.E. UNIFORMS, EQUIPMENT, TRAVEL, SPORTS CLUB FEES ETC.). CHANCE SPORTS HAS THE ABILITY TO REMIT FUNDS IF AN ATHLETE DECIDES TO DISCONTINUE THEIR ENGAGEMENT IN COMPETITIVE SPORT. FINALLY, CHANCE SPORTS COMMITS TO FUNDING RETURNING ATHLETES ON AN ANNUAL BASIS BEFORE FUNDING NEW APPLICANTS IN ORDER TO ENSURE CONTINUITY OF ENGAGEMENT FOR ATHLETES. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OAK ROSE GROUP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OFFICER | RelationshipDescriptionTxt |
| Transaction | $95,000 | TransactionAmt |
| Transaction | SEE PART V | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART V | FormAndLineReferenceDesc |
| Explanation | JONATHAN TEE IS THE SECRETARY OF CHANCE SPORTS AND A PRINCIPAL WITH OAK ROSE GROUP, THE ORGANIZATION THAT PROVIDED BUSINESS CONSULTING SERVICES TO CHANCE SPORTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | CHANCE SPORTS IS A COLORADO TAX-EXEMPT NONPROFIT SCHOLARSHIP ORGANIZATION THAT PROVIDES FINANCIAL ASSISTANCE TO YOUNG ATHLETES FROM FAMILIES WITH FINANCIAL NEED SO THEY CAN ACCESS COMPETITIVE CLUB SPORT PROGRAMS AND LEARN LEADERSHIP AND TEAM-BUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. |
| FORM 990, PAGE 2, PART III, LINE 4A | MOVED TO ADDRESS INEQUITY, THE CORNERSTONE PROGRAM OF CHANCE SPORTS IS THE PROVISION OF FINANCIAL SUPPORT FOR YOUTH TO ACCESS COMPETITIVE CLUB SPORTS, WHILE SIMULTANEOUSLY DEVELOPING LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. THIS FINANCIAL SUPPORT ENSURES ATHLETES CAN COVER CLUB FEES, TRAVEL EXPENSES, TOURNAMENT COSTS, AND EQUIPMENT COSTS. SCHOLARSHIPS RANGE FROM 300 TO 2,500, AND ARE AWARDED ON A SLIDING SCALE BASED ON A FAMILY'S HOUSEHOLD INCOME AS A PERCENTAGE OF THE FEDERAL POVERTY LINE, SEEKING TO COVER 50% OF THE OVERALL COST TO PARTICIPATE ANNUALLY IN EACH ATHLETE'S PRIMARY SPORT. AS CHILDREN GET OLDER, SCHOLARSHIP AMOUNTS GO UP SIGNIFICANTLY SINCE THEIR COST TO PARTICIPATE GOES UP AS COMPETITION LEVEL INCREASES, PARTICULARLY THE TRAVEL COSTS. CHANCE SPORTS CURRENTLY SUPPORTS 200 ATHLETES PARTICIPATING ACROSS EIGHT SPORTS IN THIRTEEN PARTNER CLUBS AND EXPECTS TO MORE THAN DOUBLE THOSE NUMBERS IN 2024. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. ATHLETES FROM ANY AND ALL COUNTIES IN THE STATE ARE ELIGIBLE. 70% OF CURRENT SCHOLARSHIP RECIPIENTS ARE MALE AND 30% FEMALE AND THEY RANGE FROM AGE 8 THROUGH 18. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, ITS INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 64% BLACK, 14% LATINO, 10% MULTI RACIAL, 9% CAUCASIAN, AND 3% OTHER. CURRENTLY, 60% OF CS ATHLETES RESIDE IN DENVER, 30% IN AURORA AND 10% IN SURROUNDING AREAS OF METRO DENVER THOUGH ATHLETES WITH FINANCIAL NEED ACROSS THE ENTIRE STATE OF COLORADO ARE ELIGIBLE, AND ENCOURAGED, TO APPLY FOR A SCHOLARSHIP. 95% OF CURRENT CS ATHLETES ATTEND PUBLIC OR CHARTER SCHOOLS. |
| FORM 990, PAGE 6, PART VI, LINE 3 | OAK ROSE GROUP PROVIDES MANAGMENT CONSULTING AND ACCOUNTING SERVICES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD REVIEWS THE DRAFT AT A BOARD MEETING BEFORE THE RETURN IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | AN ANNUAL REVIEW OF ANY CONFLICTS OF INTEREST IS PERFORMED FOR ALL PERSONS ON THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONTRACTED LABOR 5,650 0 2,659 GRANT & FUNDRAISING CONSULTAN 19,301 0 19,301 OTHER PROFESSIONAL SERVICES 0 27,500 0 TOTAL 24,951 27,500 21,960 |
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