Kroenke Sports Charities Inc
- Assets
- $4.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/1987
- Data as of
- 06/2023
- EIN
- 74-2442488
Organization Overview
Kroenke Sports Charities Inc is located in Denver, CO. The organization was established in 1987. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kroenke Sports Charities Inc 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 06/2023, Kroenke Sports Charities Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 11.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kroenke Sports Charities Inc has awarded 185 individual grants totaling $5,380,798. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE LIVES OF UNDER SERVED CHILDREN AND FAMILIES WITHIN COLORADO THROUGH A COMPREHENSIVE PROGRAM OF EDUCATION, HEALTH & FITNESS, AND COMMUNITY IMPROVEMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR THE ORGANIZATION RECEIVES MANY REQUESTS FOR ASSISTANCE FOR A VARIETY OF GENERAL ASSISTANCE PROGRAMS. THE FOCUS OF OUR EFFORTS IS TO ASSIST YOUTH-ORIENTED PROGRAMS AND CHARITIES, PARTICULARLY THOSE THAT SERVE AT-RISK YOUTH. EACH ORGANIZATION SUBMITS A PROPOSAL OR FUNDRAISING PROGRAM ALONG WITH ITS 501(C)(3) DETERMINATION LETTER. THESE ORGANIZATIONS TYPICALLY ARE WELL RECOGNIZED FOR PROVIDING CHARITABLE FUNCTIONS IN OUR LOCAL REGION. OUR STRATEGIC COMMUNITY INVEST IS IN MANY FORMS: EDUCATION, HEALTH AND YOUTH SPORTS PROGRAMS, DONATIONS OF AUTOGRAPHED MERCHANDISE AND TICKETS, GRANTS, APPEARANCES BY OUR PLAYERS, COACHES, ALUMNI, AND THE PERSONAL SERVICE OF KSE EMPLOYEES THROUGH KSE CARES AND OTHER INDIVIDUAL EFFORTS. ALTITUDE SPORTS & ENTERTAINMENT HAS BROADENED OUR COMMUNITY EFFORTS THROUGH ITS AIRING OF PUBLIC SERVICE ANNOUNCEMENTS FOR A VARIETY OF ORGANIZATIONS THROUGHOUT THE YEAR. PLAYERS, COACHES, AND KSE STAFF ARE ACTIVE PARTICIPANTS IN THE COMMUNITY, DEDICATING OVER 1,000 HOURS OF THEIR TIME TO VISITING SCHOOLS, HOSTING YOUTH SPORTS CLINICS, LIFTING THE SPIRITS OF YOUNG PATIENTS IN LOCAL HOSPITALS, AND ATTENDING FUNDRAISING EVENTS THAT BENEFIT THE COLORADO COMMUNITY. KROENKE SPORTS CHARITIES PROGRAMS, OUTREACH, AND EVENTS IN SUPPORT OF EDUCATION AND HEALTH AND FITNESS, INCLUDE BUT ARE NOT LIMITED TO: (1) HOCKEY FIGHTS CANCER (2) GAME PROGRAMS FOR YOUTH (3) AVALANCHE/NUGGET FOR A DAY (4) RAPIDS PASSBACK (5) SKILLS CHALLENGE (6) REACH NEW HEIGHTS (7) LUPUS NIGHT (8) GIVE SPORTS (9) HOOPS FOR TROOPS (10) TEAMMATE FOR KIDS (11) TEAM FIT (12) RACE FOR THE CURE (13) NUMEROUS HIGH SCHOOL AND COLLEGIATE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Glazer Director / CFO / Treasurer | OfficerTrustee | 0 | $0 |
Deb Dowling Director | Trustee | 10 | $0 |
Kelly Blaha Director | Trustee | 0 | $0 |
Brittainy Wilmer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,301,356 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,352,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,653,779 |
| Total Program Service Revenue | $0 |
| Investment income | $10,749 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,664,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,391,397 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,877 |
| Advertising and promotion | $27,985 |
| Office expenses | $224,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,784 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $193,171 |
| Total functional expenses | $2,469,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,090,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,270,133 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,360,868 |
| Accounts payable and accrued expenses | $696,033 |
| Grants payable | $0 |
| 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 | $696,033 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $3,664,835 |
| Total liabilities and net assets/fund balances | $4,360,868 |
Grants Awarded
Over the last fiscal year, Kroenke Sports Charities Inc has awarded $1,319,331 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
GOLD CROWN FOUNDATION PURPOSE: Program Assistance | $139,405 |
DENVER PUBLIC SCHOOOLS PURPOSE: Program Assistance | $100,000 |
YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION PURPOSE: Program Assistance | $35,000 |
COLORADO ADAPTIVE SPORTS FOUNDATION PURPOSE: Program Assistance | $35,000 |
PLAYWORKS EDUCATION ENERGIZED PURPOSE: Program Assistance | $37,100 |
MUSEUM OF CONTEMPORARY ART DENVER PURPOSE: Program Assistance | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Commission Of The States Northglenn, CO | $10,871,422 | $9,981,000 |
Association Of Graduates Of The Usafa USAF Academy, CO | $106,418,834 | $8,064,070 |
Granite Education Foundation Inc Salt Lake City, UT | $3,539,208 | $3,029,089 |
Kroenke Sports Charities Inc Denver, CO | $4,360,868 | $3,664,528 |
Mccalls Chapel School Endowment Trust Of 1993 Ada, OK | $8,773,489 | $2,719,793 |
Durango Education Foundation Durango, CO | $1,137,078 | $412,858 |
American Association For Employment In Education Chandler, AZ | $65,375 | $211,347 |
National Association Of Christian Educators Prescott, AZ | $56,451 | $0 |
Manufacturers Representatives Educational Research Foundation Golden, CO | $39,850 | $0 |