Overview
What is Chicago Cubs Charities?
Chicago Cubs Charities is a nonprofit organization, headquartered at 1060 West Addison Street, Chicago, Illinois 60613. Its primary mission is to leverage the power of sports to uplift youth, families, and communities. This is accomplished through various initiatives, including sports-based youth development and academic programs, investments in safe play areas, and strategic grantmaking. The organization raises funds through events like banquets, athletic contests, concerts, and other entertainment activities, along with the 50/50 raffle and messages displayed on the Cubs' video board. The income collected is utilized for their direct programs benefiting underprivileged children and youth in Chicago, as well as grants distributed to other charitable organizations within Chicago and beyond.
Official website here: www.cubscharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Chicago Cubs Charities has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's score is based entirely on its accountability practices, demonstrating excellent governance with a board composed entirely of independent members. Their financial management appears sound, evidenced by a low liability-to-assets ratio and high program expense ratios.
The organization excels in transparency, having established comprehensive policies for conflict of interest, whistleblowing, and document retention. Additionally, the lack of material diversion of assets and efficient fundraising practices, with only $0.04 spent for every dollar raised, further highlights the charity's commitment to responsible stewardship of its resources.
However, while the rating indicates robust financial health and effective governance, it is limited to financial metrics. Potential donors and supporters might want to seek additional insights into the charity’s specific programs and their impacts on the community to gain a fuller understanding of its effectiveness beyond financial measures.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Cubs Charities legitimate?
Chicago Cubs Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Cubs Charities submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $109,970
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cubscharities.org
What is the mission statement of Chicago Cubs Charities?
Chicago Cubs Charities aims to harness the influence of sports to uplift youth, families, and communities. They accomplish this through initiatives that focus on sports-related youth development and education, investing in safe play areas, and strategic grant distribution. The organization aspires to be recognized for its significant contribution to fostering a love for sports and promoting a more harmonious and prosperous society, where all individuals, regardless of their background, have an equal chance to realize their full potential, both on and off the field.
Official website here: www.cubscharities.org
Who is the CEO of Chicago Cubs Charities?
Unavailable
Official website here: www.cubscharities.org
What is the revenue of Chicago Cubs Charities?
Chicago Cubs Charities's revenue in 2022 was $4,213,572.
Official website here: www.cubscharities.org
Who are the executives of Chicago Cubs Charities and what are their salaries?
There 160 volunteers at Chicago Cubs Charities.
Here are 11 key members and their salaries:
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Official website here: www.cubscharities.org
Where can I find the form 990 for Chicago Cubs Charities?
Chicago Cubs Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cubscharities.org
Learn more at the official website: www.cubscharities.org
Mission Statement of Chicago Cubs Charities
Chicago Cubs Charities aims to harness the influence of sports to promote youth, families, and communities. Through their mission, they accomplish this by engaging in sports-centric youth development and educational programs, investing in secure play areas, and executing strategic philanthropic contributions. Their ultimate objective is to establish Cubs Charities as a recognized entity, both domestically and internationally, for its commitment to fostering a love for sports and contributing to a more united and prosperous Chicago. In this urban environment, all youth, families, and communities are provided with an equal opportunity to attain their full potential, not only on the field but also in their everyday lives.
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Impact
October, 2024
Chicago Cubs Charities harnesses the transformative power of sports to uplift youth, families, and communities throughout Chicago. By focusing on sports-based youth development and academic programs, they create opportunities for underprivileged children to thrive both in and out of the classroom. Their investment in safe play spaces ensures that every child has access to healthy recreational activities, fostering not only physical well-being but also a sense of community and belonging.
Strategic grantmaking extends their impact beyond their direct programs, supporting a network of organizations that contribute to the city's social fabric. Through various fundraising events, including banquets and entertainment activities, Cubs Charities raises vital funds that are reinvested into the community. Their vision is clear: to cultivate a love for sport and help build a more unified and prosperous Chicago, where all individuals have the chance to reach their full potential. This commitment is evident in their ongoing efforts to create lasting change, engage local residents, and promote inclusivity.
This information is meant to be a general summary of Chicago Cubs Charities. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,779
- Program Service Revenue: $180,300
- Gross Receipts: $5,972,970
Assets and Liabilities:
- Total Assets: $13,267,620
- Total Liabilities: $1,856,736
- Net Assets: $11,410,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Messageboard
Revenue
$180,300
Organization Details
Founding Year
1986
Phone
(773) 404-2827Main Address
1060 West Addison Street, Chicago, IL, 60613
Website
www.cubscharities.orgNTEE Category
Code: T30 - Philanthropy
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