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Nonprofiteer
← KROENKE SPORTS CHARITIES INC

Form 990 for tax year 2022

Filed by KROENKE SPORTS CHARITIES INC.

Totals

Total revenue
$3,664,528
Total expenses
$2,469,450
Contributions and grants received
$3,653,779
Grants paid
$1,391,397
Program service revenue
$0
Investment income
$10,749
Other revenue
$0
Total assets, end of year
$4,360,868
Total liabilities, end of year
$696,033
Net assets or fund balances, end of year
$3,664,835
Program services expenses (Part IX)
$1,543,133
Management and general expenses
$365,133
Fundraising expenses
$561,184
Program service expenses (Part III)
$1,543,133

Program services were 62.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $2,301,356

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,352,423

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $10,749 · related or exempt $10,749 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

    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

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

    $2,301,356

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,391,397 · program services $1,391,397

  • 11a · Fees: management

    total $30,000 · program services $22,305 · fundraising $7,695

  • 11g · Fees: other

    total $38,877 · program services $22,199 · management and general $8,456 · fundraising $8,222

  • 12 · Advertising and promotion

    total $27,985 · program services $14,631 · management and general $4,163 · fundraising $9,191

  • 13 · Office expenses

    total $224,853 · program services $12,248 · management and general $57,606 · fundraising $154,999

  • 17 · Travel

    total $2,784 · program services $1,834 · management and general $920 · fundraising $30

  • 24a · Other expenses: Rent/Lease: Facilities, Equip, & Services

    total $147,392 · program services $1,716 · management and general $20,654 · fundraising $125,022

  • 24b · Other expenses: Entertainment, Catering, & Decorations

    total $167,541 · program services $18,711 · management and general $27,934 · fundraising $120,896

  • 24c · Other expenses: Awards & Gifts (Non-Cash)

    total $194,954 · program services $54,477 · management and general $25,772 · fundraising $114,705

  • 24d · Other expenses: Bank & CC Fees

    total $50,496 · program services $0 · management and general $40,383 · fundraising $10,113

  • 24e · All other expenses

    total $193,171 · program services $3,615 · management and general $179,245 · fundraising $10,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,913,587 · end of year $3,090,735

  • 4 · Accounts receivable

    beginning of year $1,110,299 · end of year $1,270,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $554,129 · end of year $696,033

  • 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 $2,469,757 · end of year $3,664,835

Mission and programs · 2022

Mission

KROENKE SPORTS CHARITIES IS COMMITTED TO IMPROVING THE LIVES OF FAMILIES AND CHILDREN IN COLORADO.

Activities or mission (Part I)

IMPROVE THE LIVES OF UNDER SERVED CHILDREN AND FAMILIES WITHIN COLORADO THROUGH A COMPREHENSIVE PROGRAM OF EDUCATION, HEALTH & FITNESS, AND COMMUNITY IMPROVEMENT INITIATIVES.

  • 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.

    Expenses $1,543,133 · Grants $1,391,397 · Revenue $1,352,423

As filed on the 2022 return.

Listed in Part VII

  • Bruce Glazer

    DIRECTOR / CFO / TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Deb Dowling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Kelly Blaha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brittainy Wilmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

  • KROENKE SPORTS & ENTERTAINMENT

    Unrelated · HOLDING COMPANY · DE

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349306420

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