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← CHICAGO BULLS CHARITIES

Form 990 for tax year 2022

Filed by CHICAGO BULLS CHARITIES.

Totals

Total revenue
$2,061,078
Total expenses
$14,773,155
Contributions and grants received
$1,497,152
Grants paid
$14,534,334
Program service revenue
$0
Investment income
$44,990
Other revenue
$518,936
Total assets, end of year
$3,759,028
Total liabilities, end of year
$723,783
Net assets or fund balances, end of year
$3,035,245
Program services expenses (Part IX)
$14,584,529
Management and general expenses
$188,626
Fundraising expenses
$0
Program service expenses (Part III)
$14,584,529

Program services were 98.7% 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

    $1,497,152

  • 3 · Investment income

    total $44,990 · excluded $44,990

  • 8a · Fundraising events: gross income

    $256,019

  • 8b · Fundraising events: direct expenses

    $735

  • 8c · Net income from fundraising events

    total $255,284 · excluded $255,284

  • 9a · Gaming: gross income

    $556,202

  • 9b · Gaming: direct expenses

    $292,550

  • 9c · Net income from gaming

    total $263,652 · unrelated business $263,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,534,334 · program services $14,534,334

  • 11c · Fees: accounting

    total $26,415 · management and general $26,415

  • 11f · Fees: investment management

    total $6,195 · management and general $6,195

  • 22 · Depreciation, depletion and amortization

    total $130,149 · management and general $130,149

  • 24a · Other expenses: Black owned businesses

    total $50,195 · program services $50,195

  • 24b · Other expenses: Credit Card Fees

    total $25,782 · management and general $25,782

  • 24c · Other expenses: Annual Filing Fees

    total $85 · management and general $85

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136,612 · end of year $41,427

  • 2 · Savings and temporary cash investments

    beginning of year $2,185,502 · end of year $3,216,293

  • 4 · Accounts receivable

    beginning of year $760,000 · end of year $501,308

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,336,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,728 · end of year $102,460

  • 18 · Grants payable

    beginning of year $921,980 · end of year $621,323

  • 27 · Net assets without donor restrictions

    beginning of year $3,450,819 · end of year $3,035,245

Mission and programs · 2022

Mission

Chicago Bulls charities is committed to community violence prevention through four focus areas education, investment, health and wellness and access to opportunities.

Activities or mission (Part I)

To make a positive impact on the lives of Chicagoans in need.

  • Provide financial assistance to support education, community investment, health and wellness and access toopportunities that benefit underserved Chicagoans.

    Expenses $14,584,529 · Grants $14,534,334

As filed on the 2022 return.

Listed in Part VII

  • Ram Padmanabhan

    Director/Secretary (End 06/2023)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • John Paxson

    Director

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Michael Reinsdorf

    Director

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Adrienne Scherenzel-Curry

    Executive Director

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Kieran Kelliher

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Nancy Reinsdorf

    President

    Total calculated
    $0
    Hours/week
    1

  • Andrew Herrington-Gilmore

    Secretary (Start 06/2023)

    Total calculated
    $0
    Hours/week
    1 + 40 related

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.

Related partnerships

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

  • Chicago Professional Sports Limited Partnership

    Professional Sports · IL

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202431299349300718

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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