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Nonprofiteer
← CHARITY FOR THE ARTS SPORTS & EDUCATION INC

Form 990 for tax year 2023

Filed by CHARITY FOR THE ARTS SPORTS & EDUCATION INC.

Totals

Total revenue
$634,343
Total expenses
$413,078
Contributions and grants received
$628,093
Grants paid
$306,567
Program service revenue
$6,250
Investment income
$0
Other revenue
$0
Total assets, end of year
$378,183
Total liabilities, end of year
$37,459
Net assets or fund balances, end of year
$340,724
Program services expenses (Part IX)
$306,567
Management and general expenses
$78,633
Fundraising expenses
$27,878
Program service expenses (Part III)
$306,567

Program services were 74.2% 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.

  • 1f · All other contributions, gifts and grants

    $628,093

  • 1g · Noncash contributions included above

    $94,212

  • 2a · Program service revenue: Benchmark Post-Graduation

    total $6,250 · related or exempt $6,250

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 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 $290,067 · program services $290,067

  • 2 · Grants to domestic individuals

    total $16,500 · program services $16,500

  • 11b · Fees: legal

    total $17,215 · management and general $17,215

  • 11c · Fees: accounting

    total $19,041 · management and general $19,041

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $47,441 · management and general $19,941 · fundraising $27,500

  • 13 · Office expenses

    total $4,592 · management and general $4,214 · fundraising $378

  • 14 · Information technology

    total $4,792 · management and general $4,792

  • 17 · Travel

    total $1,452 · management and general $1,452

  • 22 · Depreciation, depletion and amortization

    total $1,362 · management and general $1,362

  • 23 · Insurance

    total $9,240 · management and general $9,240

  • 24a · Other expenses: Business Registration Fees

    total $1,013 · management and general $1,013

  • 24b · Other expenses: Miscellaneous Expense

    total $264 · management and general $264

  • 24c · Other expenses: Bank Fees

    total $84 · management and general $84

  • 24d · Other expenses: Payment Processing Fees

    total $15 · management and general $15

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,313 · end of year $263,484

  • 4 · Accounts receivable

    beginning of year $500 · end of year $91,757

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,724 · end of year $18,624

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

    $7,177

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

    $2,859

  • 10c · Land, buildings and equipment, net

    beginning of year $5,680 · end of year $4,318

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,758 · end of year $31,209

  • 19 · Deferred revenue

    beginning of year $0 · end of year $6,250

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $119,459 · end of year $340,724

Mission and programs · 2023

Mission

Charity for the Arts, Sports & Education (CHASE) was established in 2021 to uplift under-resourced communities and other environments, supporting young people and adults who wish to learn and benefit from philanthropic programs offered in education, the arts, and sports in a structured environment with teachers, coaches, and mentors. CHASE is committed to supporting hands-on community initiatives such as The SWAG, a no-cost youth soccer program bringing world-class athletic and educational programming to some of Philadelphia's most underserved neighborhoods.

  • CHASE provides access to sports and educational programming in under-resourced communities and support to amateur athletes working to achieve competitive excellence. Its primary program is The SWAG soccer program, a no cost soccer training program focused on opportunities for young athletes ages 4 through 9 from Philadelphia's African-American and immigrant communities. Launched in 2018, The SWAG player pool is comprised of over 2000 young athletes, who are offered soccer coaching and training year-round. Over 95% of the SWAG players are of African descent or from immigrant families.

    Expenses $306,567 · Grants $306,567 · Revenue $6,250

As filed on the 2023 return.

Listed in Part VII

  • Aleksei Klincewicz

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Mike Orrin

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Monika Briggs

    President & Chair (Through November 2023)

    Total calculated
    $0
    Hours/week
    1

  • Robert M Stover III

    President & Chair (Beginning December 2023)

    Total calculated
    $0
    Hours/week
    1

  • Sandy Williamson

    Secretary

    Total calculated
    $0
    Hours/week
    1

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

  • City of Philadelphia - Philadelphia Parks and Recreation Dept

    no cash amount reported

    YOUTH ATHLETICS

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 SWAG Soccer LLC

    Youth Athletics · PA · income $486,326 · assets $359,798

    Directly controlled by Charity for the Arts Sports & Education

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202433099349302873

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