Form 990 for tax year 2023

Totals

Total revenue

$720,424

Total expenses

$523,673

Contributions and grants received

$720,424

Grants paid

$203,106

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$379,797

Total liabilities, end of year

$6,417

Net assets or fund balances, end of year

$373,380

Program services expenses (Part IX)

$367,320

Management and general expenses

$90,879

Fundraising expenses

$65,474

Program service expenses (Part III)

$367,320

Program services were 70.1% 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.

Mission and programs · 2023

• MOVED TO ADDRESS INEQUITY, THE CORNERSTONE PROGRAM OF CHANCE SPORTS IS THE PROVISION OF FINANCIAL SUPPORT FOR YOUTH TO ACCESS COMPETITIVE CLUB SPORTS, WHILE SIMULTANEOUSLY DEVELOPING LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. THIS FINANCIAL SUPPORT ENSURES ATHLETES CAN COVER CLUB FEES, TRAVEL EXPENSES, TOURNAMENT COSTS, AND EQUIPMENT COSTS. SCHOLARSHIPS RANGE FROM 300 TO 2,500, AND ARE AWARDED ON A SLIDING SCALE BASED ON A FAMILY'S HOUSEHOLD INCOME AS A PERCENTAGE OF THE FEDERAL POVERTY LINE, SEEKING TO COVER 50% OF THE OVERALL COST TO PARTICIPATE ANNUALLY IN EACH ATHLETE'S PRIMARY SPORT. AS CHILDREN GET OLDER, SCHOLARSHIP AMOUNTS GO UP SIGNIFICANTLY SINCE THEIR COST TO PARTICIPATE GOES UP AS COMPETITION LEVEL INCREASES, PARTICULARLY THE TRAVEL COSTS. CHANCE SPORTS CURRENTLY SUPPORTS 200 ATHLETES PARTICIPATING ACROSS EIGHT SPORTS IN THIRTEEN PARTNER CLUBS AND EXPECTS TO MORE THAN DOUBLE THOSE NUMBERS IN 2024. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. ATHLETES FROM ANY AND ALL COUNTIES IN THE STATE ARE ELIGIBLE. 70% OF CURRENT SCHOLARSHIP RECIPIENTS ARE MALE AND 30% FEMALE AND THEY RANGE FROM AGE 8 THROUGH 18. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, ITS INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 64% BLACK, 14% LATINO, 10% MULTI RACIAL, 9% CAUCASIAN, AND 3% OTHER. CURRENTLY, 60% OF CS ATHLETES RESIDE IN DENVER, 30% IN AURORA AND 10% IN SURROUNDING AREAS OF METRO DENVER THOUGH ATHLETES WITH FINANCIAL NEED ACROSS THE ENTIRE STATE OF COLORADO ARE ELIGIBLE, AND ENCOURAGED, TO APPLY FOR A SCHOLARSHIP. 95% OF CURRENT CS ATHLETES ATTEND PUBLIC OR CHARTER SCHOOLS.

  Expenses $367,320 · Grants $203,106

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

22 April 2024

IRS schema version

2023v5.0

Source object

202401159349300415

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

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