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← CHICAGO SPORTS SUMMIT FOUNDATION

Form 990 for tax year 2025

Filed by CHICAGO SPORTS SUMMIT FOUNDATION.

Totals

Total revenue
$111,193
Total expenses
$107,884
Contributions and grants received
$227,273
Grants paid
$100,000
Program service revenue
$0
Investment income
$0
Other revenue
-$116,080
Total assets, end of year
$25,262
Total liabilities, end of year
$10,000
Net assets or fund balances, end of year
$15,262
Program services expenses (Part IX)
$100,000
Management and general expenses
$7,884
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 92.7% 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.

  • 1c · Fundraising events

    $227,273

  • 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

  • 8a · Fundraising events: gross income

    $6,350

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

    $227,273

  • 8b · Fundraising events: direct expenses

    $122,430

  • 8c · Net income from fundraising events

    total -$116,080 · excluded -$116,080

  • 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 $100,000 · program services $100,000

  • 11c · Fees: accounting

    total $5,250 · management and general $5,250

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $2,508 · management and general $2,508

  • 24a · Other expenses: FILING FEES

    total $115 · management and general $115

  • 24b · Other expenses: BANK FEES

    total $11 · management and general $11

  • 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 $6,103 · end of year $23,762

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,500

  • 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 $75,308 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 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 $9,151 · end of year $10,000

  • 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

  • 31 · Retained earnings, endowment or other funds

    beginning of year $72,260 · end of year $15,262

Mission and programs · 2025

Mission

THE CHICAGO SPORTS SUMMIT FOUNDATION WAS CREATED TO SUPPORT THE PHYSICAL AND EDUCATIONAL DEVELOPMENT OF CHICAGO AREA YOUTH THROUGH PARTNERSHIPS WITH LOCAL CHARITIES SHARING THE SAME VISION.

Activities or mission (Part I)

TO SUPPORT THE PHYSICAL AND EDUCATIONAL DEVELOPMENT OF CHICAGO AREA YOUTH THROUGH PARTNERSHIPS WITH LOCAL CHARITIES SHARING THE SAME VISION.

  • THIS YEAR, THE CHICAGO SPORTS SUMMIT FOUNDATION (CSSF) WAS PROUD TO CONTRIBUTE TO SPORTS MEDICINE RESEARCH AND EDUCATION AT RUSH UNIVERSITY. THEY ARE FOCUSED ON PROMOTING HEALTH AND ASSISTING THE HIGH-RISK YOUTH IN THE CHICAGO AREA. THEY ARE WELL ESTABLISHED AND HAVE A GREAT HISTORY OF MAKING AN IMPACT ON THE LIVES OF THOUSANDS OF TEENAGERS.

    Expenses $100,000 · Grants $100,000

As filed on the 2025 return.

Listed in Part VII

  • Brian Cole

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nik Verma

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Randal Johnson

    TREASURER

    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

Provenance

Return type
form_990
Tax year
2025
Filed
24 July 2026
IRS schema version
2025v4.2
Source object
202602059349300310

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