CHICAGO BULLS CHARITIES: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
CHICAGO BULLS CHARITIES (EIN 36-3544506)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-15
IRS object ID
201801359349306665
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2018-05-15T12:48:54-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Deloitte Tax LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1111 S Wacker DrAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363544506EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Chicago Bulls CharitiesBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHICBusinessNameControlTxt
Phone3124554000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11901 W Madison StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60612ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKIERAN KELLIHERPersonNm
Person TitleTreasurerPersonTitleTxt
Phone3124554000PhoneNum
Signature2018-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRachel Jean Henderson-PenningtonPreparerPersonNm
PTINP01499421PTIN
Phone3124861000PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMichael ReinsdorfPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11901 W Madison StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60612ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,653,671GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTo make a positive impact on the lives of Chicagoans in need.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers842TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$838,057PYContributionsGrantsAmt
CY Contributions Grants$2,213,915CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$72,709PYInvestmentIncomeAmt
CY Investment Income$127,563CYInvestmentIncomeAmt
PY Other Revenue$525,218PYOtherRevenueAmt
CY Other Revenue$514,460CYOtherRevenueAmt
PY Total Revenue$1,435,984PYTotalRevenueAmt
CY Total Revenue$2,855,938CYTotalRevenueAmt
PY Grants And Similar Paid$381,675PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,616,943CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$261,544PYOtherExpensesAmt
CY Other Expenses$258,656CYOtherExpensesAmt
PY Total Expenses$643,219PYTotalExpensesAmt
CY Total Expenses$1,875,599CYTotalExpensesAmt
PY Revenues Less Expenses$792,765PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$980,339CYRevenuesLessExpensesAmt
Total Assets BOY$8,610,901TotalAssetsBOYAmt
Total Assets EOY$10,332,439TotalAssetsEOYAmt
Total Liabilities BOY$5,714,258TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,401,291TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,896,643NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,931,148NetAssetsOrFundBalancesEOYAmt
MissionTo 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,616,943ExpenseAmt
Grant$1,616,943GrantAmt
Revenue$0RevenueAmt
DescProvide 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$1,616,943TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming ActivitiesYes (1)GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kieran KelliherBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124554152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11901 W Madison StAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60612ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
John Paxson
Director1.00Yes (X)$0$0$0
Michael Reinsdorf
Director/ CEO1.00Yes (X)$0$0$0Yes (X)
Ram Padmanabhan
Director/ Secretary1.00Yes (X)$0$0$0Yes (X)
Susan Goodenow
Executive Director1.00$0$0$0Yes (X)
Leslie Forman
Vice President1.00$0$0$0Yes (X)
Nancy Reinsdorf
President1.00$0$0$0Yes (X)
Kieran Kelliher
Treasurer1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$745,937FundraisingAmt
Related Organizations$1,200,000RelatedOrganizationsAmt
All Other Contributions$267,978AllOtherContributionsAmt
Total Contributions$2,213,915TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$106,021TotalRevenueColumnAmt
Exclusion$106,021ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$411,238SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$389,696SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$21,542SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,542TotalRevenueColumnAmt
Exclusion$21,542ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$337,816FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$745,937ContriRptFundraisingEventAmt
Fundraising Direct Expenses$165,546FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$172,270TotalRevenueColumnAmt
Exclusion$172,270ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$584,681GamingGrossIncomeAmt
Gaming Direct Expenses$242,491GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$342,190TotalRevenueColumnAmt
Exclusion$342,190ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,855,938TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$642,023ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,616,943TotalAmt
Program Services$1,616,943ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25,207TotalAmt
Management And General$25,207ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$15,030TotalAmt
Management And General$15,030ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$74,923TotalAmt
Management And General$74,923ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$130,149TotalAmt
Management And General$130,149ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
Credit card fees$12,501$12,501
Game Day T-Shirts$669$669
Miscellaneous$177$177

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,875,599TotalAmt
Program Services$1,616,943ProgramServicesAmt
Management And General$258,656ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$507,778BOYAmt
EOY$434,525EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,482,870BOYAmt
EOY$6,318,492EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$465,301BOYAmt
EOY$1,592,264EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,727,941LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,740,783LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,154,952BOYAmt
EOY$1,987,158EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,610,901BOYAmt
EOY$10,332,439EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,917BOYAmt
EOY$7,103EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$990,341BOYAmt
EOY$1,729,145EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,000BOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,700,000BOYAmt
EOY$4,665,043EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,714,258BOYAmt
EOY$6,401,291EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,896,643BOYAmt
EOY$3,931,148EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,896,643BOYAmt
EOY$3,931,148EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,610,901BOYAmt
EOY$10,332,439EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$980,339ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$54,166NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$377,636CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,658,263CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,746,633CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$838,057CurrentTaxYearMinus1YearAmt
Current Tax Year$2,213,915CurrentTaxYearAmt
Total$7,834,504TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$628,621CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$497,062CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,217,017CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$936,488CurrentTaxYearMinus1YearAmt
Current Tax Year$922,496CurrentTaxYearAmt
Total$4,201,684TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,006,257CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,155,325CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,963,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,774,545CurrentTaxYearMinus1YearAmt
Current Tax Year$3,136,411CurrentTaxYearAmt
Total$12,036,188TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,116,743CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,213,960CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,828CurrentTaxYearMinus1YearAmt
Current Tax Year$1,210,875CurrentTaxYearAmt
Total$4,683,406TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,116,743CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,213,960CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,828CurrentTaxYearMinus1YearAmt
Current Tax Year$1,210,875CurrentTaxYearAmt
Total$4,683,406TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$7,352,782PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,355CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,988CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,665CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,119CurrentTaxYearMinus1YearAmt
Current Tax Year$106,021CurrentTaxYearAmt
Total$276,148TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,355CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,988CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,665CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,119CurrentTaxYearMinus1YearAmt
Current Tax Year$106,021CurrentTaxYearAmt
Total$276,148TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$6,875CurrentTaxYearMinus2YearsAmt
Total$6,875TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,024,612CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,159,313CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,011,190CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,881,664CurrentTaxYearMinus1YearAmt
Current Tax Year$3,242,432CurrentTaxYearAmt
Total$12,319,211TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.59690PublicSupportCY509Pct
Public Support PY5090.63370PublicSupportPY509Pct
Investment Income CY0.02240InvestmentIncomeCYPct
Investment Income PY0.02310InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$100,000OtherCostOrOtherBasisAmt
Book Value$100,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,555,210OtherCostOrOtherBasisAmt
Depreciation$2,668,052DepreciationAmt
Book Value$1,887,158BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$72,731OtherCostOrOtherBasisAmt
Depreciation$72,731DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,987,158TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,910,104TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$54,166NetUnrealizedGainsInvstAmt
Revenue Not Reported$54,166RevenueNotReportedAmt
Revenue Subtotal$2,855,938RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,855,938TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,875,599TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,875,599ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,875,599TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe 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, 2017 and 2016, the Corporation has not identified any uncertain tax positions, and no income tax expense has been recorded in the statements of activities and changes in net assets. Open tax years under the applicable statutory limitations for federal returns of the Corporation include tax years ended June 30 2014 through June 30, 2016.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Evening with The BullsEvent1Nm
Gross Receipts Event1$624,839GrossReceiptsEvent1Amt
Charitable Contri Event1$582,636CharitableContriEvent1Amt
Gross Revenue Event1$42,203GrossRevenueEvent1Amt
Other Direct Expenses Event1$96,454OtherDirectExpensesEvent1Amt
Event2In-Arena AuctionEvent2Nm
Gross Receipts Event2$247,300GrossReceiptsEvent2Amt
Gross Revenue Event2$247,300GrossRevenueEvent2Amt
Other Direct Expenses Event2$18,415OtherDirectExpensesEvent2Amt
Other Events Total5OtherEventsTotalCnt
Gross Receipts Other Events$211,614GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$163,301CharitableContriOtherEventsAmt
Gross Revenue Other Events$48,313GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$50,677OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,083,753GrossReceiptsTotalAmt
Charitable Contributions Tot$745,937CharitableContributionsTotAmt
Gross Revenue Total Events$337,816GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$165,546OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$165,546DirectExpenseSummaryEventsAmt
Net Income Summary$172,270NetIncomeSummaryAmt

Gaming Information GamingInformationGrp

FieldValueIRS element (for citing)
Gross Revenue Other Gaming$584,681GrossRevenueOtherGamingAmt
Cash Prizes Other Gaming$181,397CashPrizesOtherGamingAmt
Oth Direct Expnss Other Gaming$61,094OthDirectExpnssOtherGamingAmt
Volunteer Labor Other Gaming0VolunteerLaborOtherGamingInd
Gross Revenue Total Gaming$584,681GrossRevenueTotalGamingAmt
Cash Prizes Total Gaming$181,397CashPrizesTotalGamingAmt
Oth Direct Expnss Total Gaming$61,094OthDirectExpnssTotalGamingAmt
Direct Expense Summary Gaming$242,491DirectExpenseSummaryGamingAmt
Net Gaming Income Summary$342,190NetGamingIncomeSummaryAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedILStatesWhereGamingConductedCd
LicensedYes (1)LicensedInd
License Suspended Etc0LicenseSuspendedEtcInd
Gaming With NonmembersYes (1)GamingWithNonmembersInd
Member Of Other Entity0MemberOfOtherEntityInd
Gaming Own Facility1.00000GamingOwnFacilityPct
Individual With BooksKieran KelliherIndividualWithBooksNm

Persons With Books US Address PersonsWithBooksUSAddress

FieldValueIRS element (for citing)
Address Line11901 W Madison StAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60612ZIPCd
FieldValueIRS element (for citing)
Cntrct With3rd Prty For Game Rev0CntrctWith3rdPrtyForGameRevInd
Gaming Manager PersonJunhyun BaeGamingManagerPersonNm
Gaming Manager Services ProvOrganizing volunteers; arranging for distribution of tickets; managing collections and deposit of sales proceeds; accounting for awards and expenses.GamingManagerServicesProvTxt
Charitable Distribution RqrYes (1)CharitableDistributionRqrInd
Distributed$342,190DistributedAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Children's First Fund
42 West Madison Street 3rd FloorChicagoIL60602364094830501(c)(3)$1,000,000Supports The New Chance Arts & Literature Fund
University of Chicago Crime Lab
5801 South Ellis AvenueChicagoIL60637362177139501(c)(3)$232,866Supports various Chicago Police Department and social service initiatives
McCormick Foundation
205 North Michigan Ave Suite 4300ChicagoIL60601363689171501(c)(3)$200,000This grant funds the Chicago Bulls Community Assist Fund, a McCormick Foundation Fund. The Chicago Bulls Community Assist Fund, established in 2009, is supported with major funding by Chicago Bulls Charities, which is then matched 50% by the Robert R. McCormick Foundation. Contributing to the McCormick Foundation allows Chicago Bulls Charities to maximize its giving potential, allowing it to make a bigger impact on those in need. In 2016, the Chicago Bulls Community Assist Fund awarded grants to ten (10) organizations that offer youth education and youth health and wellness programing, including After School Matters, After-School All-Stars, Chicago Parks Foundation, Embarc, Inc. , La Rabida Children's Hospital and Research Center, Marwen Foundation, Mercey Home, Posse Chicago, Ronald McDonald House Charities of Chicagoland and Northwest Indiana & Youth Guidance.
Operation PUSH
930 East 50th StreetChicagoIL60615341230337501(c)(3)$100,000Provides support for the Rainbow EXCEL Basketball League
YMCA of Metropolitan Chicago
1030 W Van Buren StChicagoIL60607362179782501(c)(3)$20,000Funds the YMCA of Metropolitan Chicago Urban Warriors program
Bright Pink
670 North Clark Street Suite 2ChicagoIL60654510619889501(c)(3)$20,000Funds targeted community clinic-based version of Women's Health Provider Education Initiative
Greater Chicago Food Depository
4100 W Ann Lurie PlchicagoIL60632362971864501(c)(3)$10,000Provides support for childrens programs
Big Brothers Big Sisters of Metropolitan Chicago
560 West Lake Street 5th FloorChicagoIL60661362681212501(c)(3)$10,000Supports the Big Brothers Big Sisters Jordan Club-based Mentoring program
Gilda's Club Chicago
537 North Wells StreetChicagoIL60654364115144501(c)(3)$10,000Provides general support of the Club's program
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationIf 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 ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2Michael Reinsdorf and Nancy Reinsdorf have a family relationship.
Form 990, Part VI, Section A, line 6Chicago Bulls Charities has one member; Michael Reinsdorf.
Form 990, Part VI, Section A, line 7aThe member has the right to remove directors and appoint directors.
Form 990, Part VI, Section A, line 8bChicago Bulls Charities does not have official committees.
Form 990, Part VI, Section B, line 11bForm 990 is prepared by an outside accounting firm and reviewed by management.
Form 990, Part VI, Section B, line 12cEach 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 19The 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

FieldValueIRS element (for citing)
Business Name Line1Chicago Professional Sports Limited PartnershipBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11901 W MadisonAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60612ZIPCd
FieldValueIRS element (for citing)
EIN363343313EIN
Primary ActivitiesProfessional SportsPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.