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Nonprofiteer
← CHICAGO CUBS CHARITIES

Form 990 for tax year 2023

Filed by CHICAGO CUBS CHARITIES.

Totals

Total revenue
$4,760,908
Total expenses
$3,434,573
Contributions and grants received
$3,337,012
Grants paid
$1,709,741
Program service revenue
$283,103
Investment income
$384,066
Other revenue
$756,727
Total assets, end of year
$14,324,428
Total liabilities, end of year
$1,587,209
Net assets or fund balances, end of year
$12,737,219
Program services expenses (Part IX)
$2,822,923
Management and general expenses
$411,639
Fundraising expenses
$200,011
Program service expenses (Part III)
$2,822,923

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,768,935

  • 1d · Related organizations

    $432,909

  • 1f · All other contributions, gifts and grants

    $1,135,168

  • 1g · Noncash contributions included above

    $761,270

  • 2a · Program service revenue: Messageboard

    total $186,125 · related or exempt $186,125

  • 2b · Program service revenue: Convention

    total $96,978 · related or exempt $96,978

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $384,066 · excluded $384,066

  • 5 · Royalties

    total $72,438 · excluded $72,438

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $698,895

  • 8a · Fundraising events: contributions included on line 1c

    $1,768,935

  • 8b · Fundraising events: direct expenses

    $1,440,866

  • 8c · Net income from fundraising events

    total -$741,971 · excluded -$741,971

  • 9a · Gaming: gross income

    $2,678,052

  • 9b · Gaming: direct expenses

    $1,251,792

  • 9c · Net income from gaming

    total $1,426,260 · unrelated business $1,426,260

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,709,741 · program services $1,709,741

  • 7 · Other salaries and wages

    total $341,796 · program services $187,988 · management and general $12,817 · fundraising $140,991

  • 8 · Pension plan contributions

    total $29,061 · program services $15,984 · management and general $1,090 · fundraising $11,987

  • 9 · Other employee benefits

    total $26,834 · program services $14,759 · management and general $1,006 · fundraising $11,069

  • 10 · Payroll taxes

    total $20,677 · program services $11,372 · management and general $775 · fundraising $8,530

  • 11b · Fees: legal

    total $168,803 · management and general $168,803

  • 11c · Fees: accounting

    total $53,161 · management and general $53,161

  • 11g · Fees: other

    total $562,353 · program services $393,871 · management and general $142,089 · fundraising $26,393

  • 17 · Travel

    total $175,516 · program services $168,945 · management and general $6,571

  • 19 · Conferences, conventions and meetings

    total $487 · program services $200 · management and general $287

  • 22 · Depreciation, depletion and amortization

    total $169 · management and general $169

  • 24a · Other expenses: Tournament and Facility Fees

    total $110,648 · program services $110,648

  • 24b · Other expenses: Nominal Program Supplies

    total $99,374 · program services $99,374

  • 24c · Other expenses: Other Misc Expenses

    total $60,750 · program services $34,838 · management and general $24,871 · fundraising $1,041

  • 24d · Other expenses: Meeting & Event Expenses

    total $56,719 · program services $56,719

  • 24e · All other expenses

    total $18,484 · program services $18,484 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,844,384 · end of year $641,265

  • 2 · Savings and temporary cash investments

    beginning of year $9,092,999 · end of year $10,876,198

  • 3 · Pledges and grants receivable

    beginning of year $1,045,574 · end of year $840,076

  • 4 · Accounts receivable

    beginning of year $0 · end of year $8,047

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,380 · end of year $252,020

  • 10a · Land, buildings and equipment: cost or other basis

    $8,437

  • 10b · Land, buildings and equipment: accumulated depreciation

    $724

  • 10c · Land, buildings and equipment, net

    beginning of year $7,882 · end of year $7,713

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $273,401 · end of year $1,699,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,610 · end of year $284,136

  • 18 · Grants payable

    beginning of year $1,673,649 · end of year $1,197,550

  • 19 · Deferred revenue

    beginning of year $2,477 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $105,523

  • 27 · Net assets without donor restrictions

    beginning of year $10,088,230 · end of year $11,434,234

  • 28 · Net assets with donor restrictions

    beginning of year $1,322,654 · end of year $1,302,985

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $2,822,923 · Grants $1,709,741 · Revenue $283,103

As filed on the 2023 return.

Listed in Part VII

  • Brooke Ricketts

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Cecelia Ricketts

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • J Peter Ricketts

    Director until March 2023

    Total calculated
    $0
    Hours/week
    0.1

  • Laura M Ricketts

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susanne Shore

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Sylvie Legere

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Thomas S Ricketts

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alicia Gonzalez

    V.P./Executive Director until November 2023

    Total calculated
    $0
    Hours/week
    33

  • Crane H Kenney

    President

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Greifenkamp

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Michael R Lufrano

    V.P./Secretary

    Total calculated
    $0
    Hours/week
    4

  • Meredith Weber

    Assistant Director of Development

    Total calculated
    $135,572
    From this org
    $51,241
    From related orgs
    $58,501
    Other
    $25,830
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • The Legacy Collection of the Cubs and Wrigley Field LLC

    Donations of historical baseball and Wrigley Field memorabilia for display and educational purposes · IL · income $0 · assets $7,713

    Directly controlled by Cubs Charities

  • Cubs Charities Facility LLC

    To acquire real property in Chicago for the purpose of constructing a youth baseball academy · IL · income $0 · assets $230

    Directly controlled by Cubs Charities

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Trust

    Trust · Trust

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202442429349300034

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