CHANCE SPORTS: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CHANCE SPORTS (EIN 88-2769009)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-06-13
- IRS object ID
- 202531649349300718
- Schema version
- 2024v5.0
- 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 | 2025-06-13T09:35:54-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-06-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 | 2025-06-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $1,074,210 | 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 | THE MISSION OF CHANCE SPORTS IS TO PROVIDE YOUNG ATHLETES WITH THE FINANCIAL SUPPORT TO ACCESS COMPETITIVE CLUB SPORTS, AND TO LEARN LEADERSHIP AND TEAMBUILDING 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 | 2 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $720,424 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,074,210 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $720,424 | PYTotalRevenueAmt |
| CY Total Revenue | $1,074,210 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $203,106 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $480,574 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $93,750 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $273,043 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $103,565 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $226,817 | PYOtherExpensesAmt |
| CY Other Expenses | $122,413 | CYOtherExpensesAmt |
| PY Total Expenses | $523,673 | PYTotalExpensesAmt |
| CY Total Expenses | $876,030 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $196,751 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $198,180 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $379,797 | TotalAssetsBOYAmt |
| Total Assets EOY | $591,184 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,417 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,624 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $373,380 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $571,560 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF CHANCE SPORTS IS TO PROVIDE YOUNG ATHLETES WITH THE FINANCIAL SUPPORT TO ACCESS COMPETITIVE CLUB SPORTS, AND TO LEARN LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $725,212 | ExpenseAmt |
| Grant | $480,574 | 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 4,500 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 UP TO 75% 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. EACH CLUB SPORT PROGRAM VARIES IN ITS DURATION AND ATHLETES PARTICIPATE ANYWHERE FROM A FEW MONTHS TO YEAR ROUND. ATHLETES PARTICIPATE ALONGSIDE ~20 PEERS AND 2-5 COACHES, OFFERING A UNIQUE OPPORTUNITY TO ENGAGE WITH OTHERS BEYOND THEIR HOME COMMUNITY. THROUGH THIS EXPERIENCE, ATHLETES ARE NOT ONLY ABLE TO SHARPEN THEIR ATHLETIC SKILLS WHICH HAS THE POWER TO OPEN FUTURE DOORS OF OPPORTUNITY BUT ALSO TO DEVELOP THE MANY INTERPERSONAL SKILLS ASSOCIATED WITH ATHLETIC PARTICIPATION. CHANCE SPORTS SUPPORTED NEARLY 200 ATHLETES IN 2023 PARTICIPATING ACROSS EIGHT SPORTS IN 13 PARTNER CLUBS AND IN 2024 DOUBLED THE AMOUNT OF SCHOLARSHIP AWARDS ACROSS THIRTEEN SPORTS AND 63 PARTNER CLUBS. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. 62% OF CURRENT SCHOLARSHIP AWARDS ARE AWARDED TO MALE ATHLETES AND 38% TO FEMALE ATHLETES AND THEY RANGE FROM AGE 8 THROUGH 19. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, OUR INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 44% BLACK, 28% LATINO, 14% MULTI RACIAL, 12% CAUCASIAN, AND 2% OTHER. CURRENTLY, 20% OF CS ATHLETES RESIDE IN DENVER, 53% IN AURORA AND 27% IN SURROUNDING AREAS OF METRO DENVER. (BECAUSE OF RESTRICTIONS ON SOME FUNDING, ATHLETES SKEW MORE HEAVILY IN AURORA, HOWEVER OUR MISSION IS TO SERVE ATHLETES STATEWIDE.) IT IS THE OBJECTIVE OF CS TO REMAIN WITH AN ATHLETE AS A SCHOLARSHIP FUNDING PARTNER THROUGHOUT THEIR ATHLETIC CAREER. TOWARDS THAT END, CHANCE SPORTS PRIORITIZES RENEWING SUPPORT OF RETURNING ATHLETES EACH YEAR. | Desc |
| Total Program Service Expenses | $725,212 | 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 | Yes (true) | 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 | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| 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) | $150,000 | $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 | $150,000 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $407,566 | GovernmentGrantsAmt |
| All Other Contributions | $666,644 | AllOtherContributionsAmt |
| Total Contributions | $1,074,210 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,074,210 | TotalRevenueColumnAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,574 | TotalAmt |
| Program Services | $480,574 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
| Program Services | $112,500 | ProgramServicesAmt |
| Fundraising | $37,500 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,500 | TotalAmt |
| Program Services | $46,950 | ProgramServicesAmt |
| Management And General | $14,850 | ManagementAndGeneralAmt |
| Fundraising | $41,700 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,543 | TotalAmt |
| Program Services | $12,116 | ProgramServicesAmt |
| Management And General | $1,173 | ManagementAndGeneralAmt |
| Fundraising | $6,254 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
| Management And General | $5,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,844 | TotalAmt |
| Management And General | $16,844 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,450 | TotalAmt |
| Program Services | $11,925 | ProgramServicesAmt |
| Management And General | $600 | ManagementAndGeneralAmt |
| Fundraising | $11,925 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,038 | TotalAmt |
| Program Services | $519 | ProgramServicesAmt |
| Fundraising | $519 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49 | TotalAmt |
| Program Services | $37 | ProgramServicesAmt |
| Fundraising | $12 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,982 | TotalAmt |
| Program Services | $9,949 | ProgramServicesAmt |
| Management And General | $3,750 | ManagementAndGeneralAmt |
| Fundraising | $3,283 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,294 | TotalAmt |
| Program Services | $971 | ProgramServicesAmt |
| Fundraising | $323 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,228 | TotalAmt |
| Program Services | $1,111 | ProgramServicesAmt |
| Fundraising | $117 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,125 | TotalAmt |
| Program Services | $13,125 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,036 | TotalAmt |
| Program Services | $66 | ProgramServicesAmt |
| Management And General | $4,936 | ManagementAndGeneralAmt |
| Fundraising | $34 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EVENT EXPENSES | $20,372 | $20,372 | ||
| BANK FEES | $11,364 | $9,614 | $80 | $1,670 |
| DUES AND SUBSCRIPTIONS | $531 | $383 | $20 | $128 |
| MISCELLANEOUS | $100 | $100 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $876,030 | TotalAmt |
| Program Services | $725,212 | ProgramServicesAmt |
| Management And General | $47,253 | ManagementAndGeneralAmt |
| Fundraising | $103,565 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,891 | BOYAmt |
| EOY | $467,071 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $82,180 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,891 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,015 | BOYAmt |
| EOY | $7,808 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $34,125 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,797 | BOYAmt |
| EOY | $591,184 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,417 | BOYAmt |
| EOY | $19,624 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,417 | BOYAmt |
| EOY | $19,624 | 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 | $373,380 | BOYAmt |
| EOY | $361,560 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $210,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $373,380 | BOYAmt |
| EOY | $571,560 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,797 | BOYAmt |
| EOY | $591,184 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $198,180 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| 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 Minus2 Years | $300,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $720,424 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,074,210 | CurrentTaxYearAmt |
| Total | $2,094,634 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $300,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $720,424 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,074,210 | CurrentTaxYearAmt |
| Total | $2,094,634 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,126,214 | SubstantialContributorsTotAmt |
| Public Support Total170 | $968,420 | PublicSupportTotal170Amt |
| Total Support | $2,094,634 | 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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Rev Etc Audited Fincl Stmt | $1,074,210 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,074,210 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,074,210 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $876,030 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $876,030 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $876,030 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS | 276 | $424,335 |
| TEAM SUPPORT | 500 | $56,239 |
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 | $10,000 | 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 (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MISSION OF CHANCE SPORTS IS TO PROVIDE YOUNG ATHLETES WITH THE FINANCIAL SUPPORT TO ACCESS COMPETITIVE CLUB SPORTS, AND TO LEARN LEADERSHIP AND TEAMBUILDING 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 4,500 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 UP TO 75% 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. EACH CLUB SPORT PROGRAM VARIES IN ITS DURATION AND ATHLETES PARTICIPATE ANYWHERE FROM A FEW MONTHS TO YEAR ROUND. ATHLETES PARTICIPATE ALONGSIDE ~20 PEERS AND 2-5 COACHES, OFFERING A UNIQUE OPPORTUNITY TO ENGAGE WITH OTHERS BEYOND THEIR HOME COMMUNITY. THROUGH THIS EXPERIENCE, ATHLETES ARE NOT ONLY ABLE TO SHARPEN THEIR ATHLETIC SKILLS WHICH HAS THE POWER TO OPEN FUTURE DOORS OF OPPORTUNITY BUT ALSO TO DEVELOP THE MANY INTERPERSONAL SKILLS ASSOCIATED WITH ATHLETIC PARTICIPATION. CHANCE SPORTS SUPPORTED NEARLY 200 ATHLETES IN 2023 PARTICIPATING ACROSS EIGHT SPORTS IN 13 PARTNER CLUBS AND IN 2024 DOUBLED THE AMOUNT OF SCHOLARSHIP AWARDS ACROSS THIRTEEN SPORTS AND 63 PARTNER CLUBS. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. 62% OF CURRENT SCHOLARSHIP AWARDS ARE AWARDED TO MALE ATHLETES AND 38% TO FEMALE ATHLETES AND THEY RANGE FROM AGE 8 THROUGH 19. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, OUR INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 44% BLACK, 28% LATINO, 14% MULTI RACIAL, 12% CAUCASIAN, AND 2% OTHER. CURRENTLY, 20% OF CS ATHLETES RESIDE IN DENVER, 53% IN AURORA AND 27% IN SURROUNDING AREAS OF METRO DENVER. (BECAUSE OF RESTRICTIONS ON SOME FUNDING, ATHLETES SKEW MORE HEAVILY IN AURORA, HOWEVER OUR MISSION IS TO SERVE ATHLETES STATEWIDE.) IT IS THE OBJECTIVE OF CS TO REMAIN WITH AN ATHLETE AS A SCHOLARSHIP FUNDING PARTNER THROUGHOUT THEIR ATHLETIC CAREER. TOWARDS THAT END, CHANCE SPORTS PRIORITIZES RENEWING SUPPORT OF RETURNING ATHLETES EACH YEAR. |
| 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 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
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