Chicago Cubs Charities
- Assets
- $14.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Chicago, IL
- Founding
- 09/1987
- Data as of
- 12/2023
- EIN
- 36-3443543
Organization Overview
Chicago Cubs Charities, operating under the name Cubs Charities, is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Cubs Charities employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cubs Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cubs Charities generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cubs Charities has awarded 436 individual grants totaling $29,133,975. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CUBS CHARITIES IS TO MOBILIZE THE POWER OF SPORT TO CHAMPION YOUTH, FAMILIES, AND COMMUNITIES. CUBS CHARITIES ACHIEVES THIS THROUGH SPORTS-BASED YOUTH DEVELOPMENT AND ACADEMIC PROGRAMMING, INVESTMENTS IN SAFE PLACES TO PLAY, AND STRATEGIC GRANTMAKING. THE VISION OF CUBS CHARITIES IS TO BE RECOGNIZED LOCALLY AND GLOBALLY FOR ITS COLLECTIVE WORK TO ENCOURAGE THE LOVE OF SPORT AND CONTRIBUTE TO A MORE UNIFIED AND THRIVING CHICAGO, WHERE ALL YOUTH, FAMILIES, AND COMMUNITIES HAVE AN EQUAL OPPORTUNITY TO ACHIEVE THEIR HIGHEST POTENTIAL BOTH ON AND OFF THE FIELD.
Describe the Organization's Program Activity:
CHICAGO CUBS CHARITIES RAISES FUNDS BY MEANS OF BANQUETS AND ATHLETIC, MUSIC & OTHER ENTERTAINMENT EVENTS, THE 50/50 RAFFLE, AND PROCEEDS FROM MESSAGES PLACED ON THE CUBS VIDEO BOARD. THE REVENUE RAISED GOES TOWARDS CUBS CHARITIES DIRECT PROGRAMMING FOR UNDER-SERVED CHILDREN AND YOUTH ACROSS CHICAGO AND TOWARDS GRANTS FOR OTHER CHARITABLE ORGANIZATIONS IN CHICAGO AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director Until March 2023 | Trustee | 0.1 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Name Not Listed Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodsmith Gregg & Unruh Llp Legal Services | 12/30/23 | $222,807 |
Revel Global Events Inc Event Planning And Incidental Expenses | 12/30/23 | $482,891 |
Enmotive Company Llc Race Planning And Incidental Expenses | 12/30/23 | $183,016 |
Bumpworldwide Inc Online Raffle Fundraising | 12/30/23 | $160,425 |
Mostardi-platt Associates Inc Dba Mostardi Platt Environmental Consulting | 12/30/23 | $122,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,768,935 |
| Related organizations | $432,909 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,135,168 |
| Noncash contributions included in lines 1a–1f | $761,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,337,012 |
| Total Program Service Revenue | $283,103 |
| Investment income | $384,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $72,438 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$741,971 |
| Net Income from Gaming Activities | $1,426,260 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,760,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,709,741 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,796 |
| Pension plan accruals and contributions | $29,061 |
| Other employee benefits | $26,834 |
| Payroll taxes | $20,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,803 |
| Fees for services: Accounting | $53,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $562,353 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $175,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169 |
| Insurance | $0 |
| All other expenses | $18,484 |
| Total functional expenses | $3,434,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,265 |
| Savings and temporary cash investments | $10,876,198 |
| Pledges and grants receivable | $840,076 |
| Accounts receivable, net | $8,047 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $252,020 |
| Net Land, buildings, and equipment | $7,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,699,109 |
| Total assets | $14,324,428 |
| Accounts payable and accrued expenses | $284,136 |
| Grants payable | $1,197,550 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,523 |
| Total liabilities | $1,587,209 |
| Net assets without donor restrictions | $11,434,234 |
| Net assets with donor restrictions | $1,302,985 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,324,428 |
Grants Awarded
Over the last fiscal year, Chicago Cubs Charities has awarded $1,549,670 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
MCCORMICK FOUNDATION PURPOSE: Donation to Cubs Care Fund and Chicago Sports Alliance | $839,100 |
HORACE GREELEY ELEMENTARY SCHOOL PURPOSE: School All Star Grant | $50,000 |
BERNARD ZELL ANSHE EMET DAY SCHOOL PURPOSE: School All Star Grant | $25,000 |
CENTER FOR HEALING AND JUSTICE THROUGH SPORT PURPOSE: General Support | $25,000 |
EB RESEARCH PARTNERSHIP INC PURPOSE: Event Sponsorship | $25,000 |
FRIENDS OF AMUNDSEN PURPOSE: School All Star Grant | $25,000 |