Chicago Cubs Charities

EIN: 363443543 501(c)(3)

Chicago, IL

Total Revenue
$5,602,422
Total Expenses
$5,788,212
Total Assets
$13,255,145
Net Assets
$12,551,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IL
Phone
7734042827
Tax Period
2024-01-01 to 2024-12-31

Chicago Cubs Charities, founded in 1986, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $12.6M represent 27 months of operating reserves.

Mission

The mission of Cubs Charities is to mobilize the power of sport to champion youth, families, and communities. Cubs Charities achieves this through sports-based youth development and academic programming, investments in safe places to play, and strategic grantmaking. The vision of Cubs Charities is to be recognized locally and globally for its collective work to encourage the love of sport and contribute to a more unified and thriving Chicago, where all youth, families, and communities have an equal opportunity to achieve their highest potential both on and off the field.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,813,118
Program Service Revenue $347,981
Investment Income $543,433
Other Revenue $897,890
TOTAL REVENUE $5,602,422

Expense Breakdown

Grants Paid $2,868,853
Salaries & Benefits $1,159,264
Fundraising Expenses $288,867
Program Expenses $4,841,466
Other Expenses $1,760,095
TOTAL EXPENSES $5,788,212

Year-over-Year Comparison

2024 2023 Change
Revenue $5,602,422 $4,760,908 +0.2%
Expenses $5,788,212 $3,434,573 +0.7%
Net Income $-185,790 $1,326,335 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
42
Volunteers
212

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
1
$188,701
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brooke Ricketts Director 0.2
Director
$0 $0 $0
Cecelia Ricketts Director 0.2
Director
$0 $0 $0
Laura M Ricketts Director 2.0
Director
$0 $0 $0
Susanne Shore Director 0.2
Director
$0 $0 $0
Sylvie Legere Director 0.2
Director
$0 $0 $0
Thomas S Ricketts Director 2.0
Director
$0 $0 $0
Crane H Kenney President 0.8
Officer
$0 $0 $0
Jonathan Greifenkamp Treasurer 0.8
Officer
$0 $0 $0
Michael R Lufrano V.P./Secretary 3.8
Officer
$0 $0 $0
Keri Blackwell Deputy Director, Strategy and Programs 40.0
Key Emp
$159,166 $29,535 $188,701
Jennifer Dedes-Nowak Assistant Director 40.0
Highest
$121,213 $39,575 $160,788
Meredith Weber Assistant Director of Development 40.0
Highest
$126,783 $38,169 $164,952
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,602,422 $5,788,212 $13,255,145 $-185,790
2023 $4,760,908 $3,434,573 $14,324,428 $1,326,335
2022 $4,213,572 $3,421,300 $13,267,620 $792,272
2021 $4,064,797 $3,580,444 $12,339,863 $484,353
2020 $2,315,259 $5,755,926 $11,765,252 $-3,440,667
2019 $5,130,897 $4,292,927 $13,791,840 $837,970
2018 $6,814,754 $6,396,420 $14,361,207 $418,334
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