Dare2tri Paratriathlon Club
- Assets
- $1.1m
- Revenue
- $703.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 05/2012
- Data as of
- 12/2020
- EIN
- 45-3933200
Organization Overview
Dare2tri Paratriathlon Club is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (N72) the organization is classified as: Special Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Dare2tri Paratriathlon Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dare2tri Paratriathlon Club 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 12/2020, Dare2tri Paratriathlon Club generated $703.4k 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 (3.2%) each year. All expenses for the organization totaled $662.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF INDIVIDUALS WITH PHYSICAL DISABILITIES AND VISUAL IMPAIRMENTS BY BUILDING CONFIDENCE, COMMUNITY, HEALTH AND WELLNESS THROUGH SWIMMING, BIKING AND RUNNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DARE2TRI SERVES ALL ABILITY LEVELS OF YOUTH, ADULTS, AND INJURED SERVICE MEMBERS WHO HAVE A PHYSICAL DISABILITY OR VISION IMPAIRMENT THROUGH ONGOING PRACTICES AND RACES AND THE FOLLOWING SIGNATURE PROGRAMS: LEARN2TRI PARATRIATHLON TRAINING CAMP, TRAIN2RACE PARATRIATHLON TRAINING CAMP, INJURED MILITARY PARATRIATHLON TRAINING CAMP, KIDS PARATRIATHLON TRAINING CAMP, ELITE AND DEVELOPMENT TEAMS, ABILITY FUND, AND MULTISPORT CLINIC. DARE2TRI ALSO OFFERS ON THE ROAD2RIDE MOBILE ADAPTIVE CYCLING CLINICS AT REGIONAL REHABILITATION HOSPITALS AND OTHER COMMUNITY PARTNERS AS WELL AS A WIDE VARIETY OF VIRTUAL TRAINING SESSIONS INCLUDING CYCLING, STRENGTH, YOGA AND MINDFULNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keri Serota Executive Director | OfficerTrustee | 40 | $81,917 |
Ron Weinert Board Chair | OfficerTrustee | 4 | $0 |
Bill Wulkan Finance Chair | OfficerTrustee | 2 | $0 |
Christine Lambert Secretary | OfficerTrustee | 2 | $0 |
Ruben Figueres Board Member | Trustee | 1 | $0 |
Anna Clausen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,711 |
| Investment income | $265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,130 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,500 |
| Payroll taxes | $25,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,351 |
| Advertising and promotion | $7,254 |
| Office expenses | $21,441 |
| Information technology | $8,870 |
| Royalties | $0 |
| Occupancy | $9,680 |
| Travel | $7,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,981 |
| Insurance | $26,389 |
| All other expenses | $0 |
| Total functional expenses | $662,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,410 |
| Savings and temporary cash investments | $250,018 |
| Pledges and grants receivable | $2,538 |
| Accounts receivable, net | $0 |
| 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 | $42,116 |
| Investments—publicly traded securities | $368,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,754 |
| Other assets | $9,611 |
| Total assets | $1,076,155 |
| Accounts payable and accrued expenses | $8,299 |
| Grants payable | $0 |
| Deferred revenue | $99,453 |
| 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 | $78,638 |
| Other liabilities | $0 |
| Total liabilities | $186,390 |
| 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 | $889,765 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Dare2tri Paratriathlon Club has recieved totaling $63,835.
| Awarding Organization | Amount |
|---|---|
Move United Rockville, MD PURPOSE: ADAPTIVE SUMMER SPORTS PROGRAMMING EXPENSES | $22,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $14,750 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,177 |
Robert And Judith Atlas Family Foundation Scottsdale, AZ PURPOSE: SPONSORSHIP OF THE GOLF OUTING DINNER AS DISCUSSED WITH RON WEINERT | $2,500 |
Ericka And Matthew Thacker Family Foundation Troy, MI PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $2,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Illinois Normal, IL | $11,863,338 | $11,507,076 |
Special Olympics Wisconsin Inc Madison, WI | $8,613,408 | $4,761,500 |
Special Olympics Missouri Jefferson City, MO | $19,734,066 | $4,592,039 |
Indiana Special Olympics Inc Indianapolis, IN | $12,294,417 | $4,728,854 |
Iowa Special Olympics Inc Grimes, IA | $4,645,673 | $2,114,209 |
Special Olympics Kentucky Inc Frankfort, KY | $5,775,822 | $3,582,891 |
Disabled Athlete Sports Association Saint Peters, MO | $1,368,797 | $778,512 |
Dare2tri Paratriathlon Club Chicago, IL | $1,076,155 | $703,352 |