CHICAGO BULLS CHARITIES: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO BULLS CHARITIES (EIN 36-3544506)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-05
- IRS object ID
- 202211259349301601
- Schema version
- 2020v4.2
- 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 | 2022-05-05T09:42:01-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | 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 | 2020-07-01 | 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 | 2022-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KIERAN | PersonFirstNm |
| Person Last | KELLIHER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rachel Henderson-Pennington | PreparerPersonNm |
| PTIN | P01499421 | PTIN |
| Phone | 3124861000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $1,108,069 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | 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 | 344 | TotalVolunteersCnt |
| Total Gross UBI | $2,900 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $732,402 | PYContributionsGrantsAmt |
| CY Contributions Grants | $226,169 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,350 | PYInvestmentIncomeAmt |
| CY Investment Income | $25,424 | CYInvestmentIncomeAmt |
| PY Other Revenue | $221,580 | PYOtherRevenueAmt |
| CY Other Revenue | $3,087 | CYOtherRevenueAmt |
| PY Total Revenue | $1,006,332 | PYTotalRevenueAmt |
| CY Total Revenue | $254,680 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $940,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,133,333 | 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 | $181,479 | PYOtherExpensesAmt |
| CY Other Expenses | $166,261 | CYOtherExpensesAmt |
| PY Total Expenses | $1,121,479 | PYTotalExpensesAmt |
| CY Total Expenses | $1,299,594 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$115,147 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,044,914 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,974,111 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,919,718 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $273,673 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $250,229 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,700,438 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,669,489 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To make a positive impact on the lives of those in need by assisting community organizations throughout the Chicagoland area, particularly those that focus on youth education, youth health and wellness, violence prevention, and military and first responder support. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,133,333 | ExpenseAmt |
| Grant | $1,133,333 | GrantAmt |
| Desc | Provide financial assistance to support youth education, youth health and wellness, violence prevention, and military and first responder support programs that benefit underserved Chicagoans. | Desc |
| Total Program Service Expenses | $1,133,333 | 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 | Yes (1) | 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 | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | 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 | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | 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 | 3124554152 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 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/ Secretary | 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 | |
| Kieran Kelliher | |||||||
| Treasurer | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Nancy Reinsdorf | |||||||
| President | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Susan Goodenow | |||||||
| Executive Director | 1.00 | 40.00 | 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 | $226,169 | AllOtherContributionsAmt |
| Total Contributions | $226,169 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,508 | TotalRevenueColumnAmt |
| Exclusion | $19,508 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $852,986 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $847,070 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,916 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,916 | TotalRevenueColumnAmt |
| Exclusion | $5,916 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $706 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $519 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $187 | TotalRevenueColumnAmt |
| Exclusion | $187 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $8,700 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $5,800 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,900 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $2,900 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $254,680 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,900 | UnrelatedBusinessRevenueAmt |
| Exclusion | $25,611 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,133,333 | TotalAmt |
| Program Services | $1,133,333 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,883 | TotalAmt |
| Management And General | $23,883 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,341 | TotalAmt |
| Management And General | $7,341 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,149 | TotalAmt |
| Management And General | $130,149 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| Credit Card Fees | $4,774 | $4,774 |
| Miscellaneous | $114 | $114 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,299,594 | TotalAmt |
| Program Services | $1,133,333 | ProgramServicesAmt |
| Management And General | $166,261 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,630 | BOYAmt |
| EOY | $63,059 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,424,777 | BOYAmt |
| EOY | $2,166,774 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $834,993 | BOYAmt |
| EOY | $223,323 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,655,210 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,188,648 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,596,711 | BOYAmt |
| EOY | $1,466,562 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,974,111 | BOYAmt |
| EOY | $3,919,718 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,673 | BOYAmt |
| EOY | $229 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $273,673 | BOYAmt |
| EOY | $250,229 | 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 | $4,700,438 | BOYAmt |
| EOY | $3,669,489 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,700,438 | BOYAmt |
| EOY | $3,669,489 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,974,111 | BOYAmt |
| EOY | $3,919,718 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,044,914 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $13,965 | NetUnrlzdGainsLossesInvstAmt |
| 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 | 0 | 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 | $2,213,915 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $958,020 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $828,649 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $732,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $226,169 | CurrentTaxYearAmt |
| Total | $4,959,155 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $337,816 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $281,705 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $194,303 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $163,225 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $706 | CurrentTaxYearAmt |
| Total | $977,755 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,551,731 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,239,725 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,022,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $895,627 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $226,875 | CurrentTaxYearAmt |
| Total | $5,936,910 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,210,875 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $205,250 | CurrentTaxYearMinus1YearAmt |
| Total | $1,424,700 | 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 | $1,210,875 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $205,250 | CurrentTaxYearMinus1YearAmt |
| Total | $1,424,700 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $4,512,210 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $159,815 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $66,371 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $52,480 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,508 | CurrentTaxYearAmt |
| Total | $404,195 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $159,815 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $66,371 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $52,480 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,508 | CurrentTaxYearAmt |
| Total | $404,195 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,657,752 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,399,540 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,089,323 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $948,107 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $246,383 | CurrentTaxYearAmt |
| Total | $6,341,105 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.71160 | PublicSupportCY509Pct |
| Public Support PY509 | 0.71970 | PublicSupportPY509Pct |
| Investment Income CY | 0.06370 | InvestmentIncomeCYPct |
| Investment Income PY | 0.06700 | 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
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $100,000 | OtherCostOrOtherBasisAmt |
| Book Value | $100,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,555,210 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,188,648 | DepreciationAmt |
| Book Value | $1,366,562 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,466,562 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $261,304 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $13,965 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $13,965 | RevenueNotReportedAmt |
| Revenue Subtotal | $247,339 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $7,341 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $7,341 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $254,680 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,292,253 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,292,253 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $7,341 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $7,341 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,299,594 | 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 would be recorded as a tax expense in the current year. For the years ended June 30, 2021 and 2020, 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. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (18 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| McCormick Foundation | ||||||||
| 205 North Michigan Avenue Suite | 4300 | Chicago | IL | 60601 | 363689171 | 501(c)(3) | $463,333 | Program Support |
| Boys and Girls Club | ||||||||
| 550 W Van Buren St 3851 | Chicago | IL | 60607 | 362166997 | 501(c)(3) | $250,000 | 5 year $50,000 Grant Commitment - Program Support | |
| Push for Excellence | ||||||||
| 930 E 50th St | Chicago | IL | 60615 | 341230337 | 501(c)(3) | $100,000 | Program Support | |
| A Better Chicago | ||||||||
| 200 W Madison St 3rd Floor | Chicago | IL | 60606 | 274499625 | 501(c)(3) | $50,000 | Program Support | |
| NAMI | ||||||||
| 1801 W Warner Ave Suite 202 | Chicago | IL | 60613 | 363075407 | 501(c)(3) | $25,000 | Program Support | |
| I Grow Chicago | ||||||||
| 6402 S Honore | Chicago | IL | 60636 | 461200279 | 501(c)(3) | $20,000 | Program Support | |
| Lawndale Christian Health Center | ||||||||
| 3860 W Ogden Avenue | Chicago | IL | 60623 | 363308953 | 501(c)(3) | $20,000 | Program support | |
| Role Model Movement Inc | ||||||||
| 8035 S Wabash Avenue | Chicago | IL | 60619 | 462272700 | 501(c)(3) | $20,000 | Program Support | |
| Breakthrough Urban Ministries Inc | ||||||||
| 402 N St Louis Avenue | Chicago | IL | 60624 | 363810926 | 501(c)(3) | $20,000 | Program Support | |
| The Simple Good | ||||||||
| 641 W Lake St | Chicago | IL | 60661 | 464091597 | 501(c)(3) | $12,500 | Program Support | |
| Community Health | ||||||||
| 2611 W Chicago Avenue | Chicago | IL | 60622 | 363831793 | 501(c)(3) | $12,500 | Program Support | |
| Gilda's Club | ||||||||
| 537 North Wells Street | Chicago | IL | 60654 | 364115144 | 501(c)(3) | $10,000 | Program Support | |
| Hundred Club of Cook County | ||||||||
| 875 North Michigan Avenue Ste 1351 | Chicago | IL | 60611 | 366158087 | 501(c)(3) | $10,000 | Program Support | |
| Pilgrim Development Corp | ||||||||
| 22 N Kildare Avenue | Chicago | IL | 60624 | 364329742 | 501(c)(3) | $10,000 | Program Support | |
| Bright Star Community Outreach Corporation | ||||||||
| 3473 S KING DR STE 334 | Chicago | IL | 60616 | 262007088 | 501(c)(3) | $10,000 | Program Support | |
| Big Brothers Big Sisters of Metropolitan Chicago | ||||||||
| 560 West Lake Street 5th Floor | Chicago | IL | 60661 | 362681212 | 501(c)(3) | $10,000 | Program Support | |
| Bunker Labs | ||||||||
| 125 S Clark St WeWork 17th Floor | Chicago | IL | 60603 | 471474802 | 501(c)(3) | $10,000 | Program Support | |
| Center on Halsted | ||||||||
| 3656 N Halsted Street | Chicago | IL | 60613 | 510178807 | 501(c)(3) | $10,000 | Program Support | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 18 | 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 |
Comments