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← CHARITY FOR THE ARTS SPORTS & EDUCATION INC

Form 990 for tax year 2024

Filed by CHARITY FOR THE ARTS SPORTS & EDUCATION INC.

Totals

Total revenue
$552,493
Total expenses
$474,176
Contributions and grants received
$510,412
Grants paid
$396,883
Program service revenue
$44,643
Investment income
-$2,562
Other revenue
$0
Total assets, end of year
$430,564
Total liabilities, end of year
$11,523
Net assets or fund balances, end of year
$419,041
Program services expenses (Part IX)
$396,883
Management and general expenses
$52,750
Fundraising expenses
$24,543
Program service expenses (Part III)
$396,883

Program services were 83.7% 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

    $510,412

  • 2a · Program service revenue: BENCHMARK POST-GRADUAT

    total $44,643 · related or exempt $44,643

  • 7b · Less cost or other basis and sales expenses

    other assets $2,562

  • 7c · Gain or loss

    other assets -$2,562

  • 7d · Net gain or loss

    total -$2,562 · excluded -$2,562

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,949 · program services $3,949

  • 2 · Grants to domestic individuals

    total $392,934 · program services $392,934

  • 11b · Fees: legal

    total $5,528 · management and general $5,528

  • 11c · Fees: accounting

    total $20,160 · management and general $20,160

  • 12 · Advertising and promotion

    total $23,903 · fundraising $23,903

  • 13 · Office expenses

    total $4,548 · management and general $4,182 · fundraising $366

  • 14 · Information technology

    total $5,410 · management and general $5,410

  • 17 · Travel

    total $306 · management and general $306

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $13,080 · management and general $13,080

  • 24a · Other expenses: BUSINESS REGISTRATION F

    total $1,579 · management and general $1,579

  • 24b · Other expenses: BANK FEES

    total $1,093 · management and general $1,093

  • 24c · Other expenses: PAYMENT PROCESSING FEES

    total $274 · fundraising $274

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,484 · end of year $213,699

  • 3 · Pledges and grants receivable

    end of year $50,000

  • 4 · Accounts receivable

    beginning of year $91,757 · end of year $140,549

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,624 · end of year $25,922

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

    $1,182

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

    $788

  • 10c · Land, buildings and equipment, net

    beginning of year $4,318 · end of year $394

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,209 · end of year $11,523

  • 19 · Deferred revenue

    beginning of year $6,250

  • 27 · Net assets without donor restrictions

    beginning of year $340,724 · end of year $419,041

Mission and programs · 2024

Mission

CHASE WAS ESTABLISHED IN 2021 TO ADVANCE THE PHYSICAL EXPRESSION, INTELLECTUAL UNDERSTANDING AND EDUCATIONAL AND TEACHING PROGRAMS OF THE ARTS, DANCE, FITNESS, HEALTH, ATHLETICS, SCIENCE, TECHNOLOGY AND HISTORY THROUGH PARTICIPATION, CLASSES, SEMINARS, WORK-SHOPS, CAMPS, PERFORMANCES, COMPETITIVE EVENTS, TOURS, LEAGUES AND SERIES, ADDITIONALLY SUPPORTING UNDER-RESOURCED COMMUNITIES AND INNER-CITY ENVIRONMENTS AND CENTERS SUPPORTING YOUNGER PEOPLE AND ADULTS TO LEARN AND BENEFIT FROM EDUCATIONAL PROGRAMS OFFERED IN A STRUCTURED ENVIRONMENT WITH TEACHERS, COACHES AND MENTORS.

Activities or mission (Part I)

CHARITY FOR THE ARTS, SPORTS & EDUCATION (CHASE) ADVANCES PHYSICAL EXPRESSION, INTELLECTUAL UNDERSTANDING AND EDUCATIONAL AND TEACHING PROGRAMS.

  • - CHASE WAS ESTABLISHED IN 2021 TO ADVANCE THE PHYSICAL EXPRESSION, INTELLECTUAL UNDERSTANDING AND EDUCATIONAL AND TEACHING PROGRAMS OF THE ARTS, DANCE, FITNESS, HEALTH, ATHLETICS, SCIENCE, TECHNOLOGY, AND HISTORY. 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'S PLAYER POOL IS COMPRISED OF OVER 2,000 YOUNG ATHLETES, WHO ARE OFFERED SOCCER COACHING AND TRAINING YEAR-ROUND. OVER 95% OF SWAG PARTICIPANTS ARE OF AFRICAN DESCENT OR IMMIGRANT FAMILIES.

    Expenses $396,883 · Grants $396,883 · Revenue $44,643

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert M Stover III

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Aleksei Klincewicz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mike Orrin

    TREASURER

    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

No itemized grants to organizations on this return.

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 $317,829 · assets $272,744

    Directly controlled by CHARITY FOR THE ARTS SPORTS & EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
3 June 2025
IRS schema version
2024v5.1
Source object
202521619349300802

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