Chicago Sports Summit Foundation
- Assets
- $10.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 37-1853214
Organization Overview
Chicago Sports Summit Foundation is located in Westchester, IL. The organization was established in 2017. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Sports Summit Foundation 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, Chicago Sports Summit Foundation generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $100.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS YEAR, THE CHICAGO SPORTS SUMMIT FOUNDATION (CSSF) WAS PROUD TO CONTRIBUTE TO GOOD SPORTS AND CARTILAGE RESEARCH FOUNDATION. ALL OF THE CHARITIES ARE FOCUSED ON PROMOTING HEALTH AND ASSISTING THE HIGH-RISK YOUTH IN THE CHICAGO AREA. THESE CHARITIES ARE WELL ESTABLISHED AND HAVE A GREAT HISTORY OF MAKING AN IMPACT ON THE LIVES OF THOUSANDS OF TEENAGERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Cole President | 1 | $0 | |
Nik Verma Secretary | 1 | $0 | |
Randal Johnson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,540 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$87,855 |
| Other Revenue | $0 |
| Total Revenue | $97,685 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,836 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,678 |
| Total expenses | $100,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,624 |
| Other assets | $0 |
| Total assets | $10,624 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,624 |
Grants Awarded
Over the last fiscal year, Chicago Sports Summit Foundation has awarded $105,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BIG GREEN PURPOSE: Operating Support | $20,000 |
CHICAGO RUN PURPOSE: Operating Support | $20,000 |
GIRLS IN THE GAME PURPOSE: Operating Support | $20,000 |
RUSH RESEARCH PURPOSE: Operating Support | $45,000 |