Chicago Bulls Charities
- Assets
- $5.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1991
- Data as of
- 06/2020
- EIN
- 36-3544506
Organization Overview
Chicago Bulls Charities is located in Chicago, IL. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Bulls 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 06/2020, Chicago Bulls Charities generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chicago Bulls Charities has awarded 84 individual grants totaling $5,867,991. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE A POSITIVE IMPACT ON THE LIVES OF CHICAGOANS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO SUPPORT YOUTH EDUCATION, YOUTH HEALTH AND WELLNESS, VIOLENCE PREVENTION, AND MILITARY AND FIRST RESPONDER SUPPORT PROGRAMS THAT BENEFIT UNDERSERVED CHICAGOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ram Padmanabhan Director/ Secretary | OfficerTrustee | 1 | $0 |
Susan Goodenow Executive Director | Officer | 1 | $0 |
Kieran Kelliher Treasurer | Officer | 1 | $0 |
Nancy Reinsdorf President | Officer | 1 | $0 |
John Paxson Director | Trustee | 1 | $0 |
Michael Reinsdorf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,402 |
| Investment income | $52,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130 |
| Net Income from Fundraising Events | $45,142 |
| Net Income from Gaming Activities | $160,926 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,006,332 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,540 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,149 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,121,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,630 |
| Savings and temporary cash investments | $2,424,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $834,993 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,974,111 |
| Accounts payable and accrued expenses | $23,673 |
| Grants payable | $250,000 |
| 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 | $0 |
| Total liabilities | $273,673 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,700,438 |
Grants Awarded
Over the last fiscal year, Chicago Bulls Charities has awarded $1,063,333 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Program Support | $463,333 |
Chicago, IL PURPOSE: 5 year $50,000 Grant Commitment - Program Support | $250,000 |
Chicago, IL PURPOSE: Program Support | $100,000 |
Chicago, IL PURPOSE: Program Support | $50,000 |
Chicago, IL PURPOSE: Program Support | $25,000 |
Chicago, IL PURPOSE: Program Support | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chicago Bulls Charities has recieved totaling $25,250.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Gendell Family Foundation Wilmette, IL PURPOSE: GENERAL FUNDING | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
Pritzker Family Philanthropic Fund Chicago, IL | $175,241,348 | $15,696,254 |
Memorial Foundation Inc Belleville, IL | $139,919,506 | $17,553,919 |
Ramtell Inc Tell City, IN | $25,696,087 | $2,760,088 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN | $105,560,722 | $10,106,603 |
Winning Wheels Inc Prophetstown, IL | $11,909,541 | $13,671,140 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Heart Of Illinois United Way Inc Peoria, IL | $14,132,248 | $9,955,140 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |