Chicago White Sox Charities Inc

EIN: 363719918 501(c)(3) Human Services

Chicago, IL

Total Revenue
$6,319,576
Total Expenses
$4,545,557
Total Assets
$7,874,491
Net Assets
$7,713,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Phone
3126741000
Tax Period
2023-01-01 to 2023-12-31

Chicago White Sox Charities Inc, founded in 1991, is a community nonprofit in the Human Services sector that reported $6.3M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 28% operating margin.

Mission

CHICAGO WHITE SOX CHARITIES ("CWSC") PROVIDES FINANCIAL AND EMOTIONAL SUPPORT TO CHICAGO-BASED ORGANIZATIONS, INCLUDING THOSE LEADING THE FIGHT AGAINST CANCER, DEDICATED TO IMPROVING THE LIVES OF YOUTH THROUGH RECREATION AND EDUCATION, AND THOSE OFFERING SUPPORT TO CHILDREN AND FAMILIES IN CRISIS. WITH THE GENEROUS SUPPORT OF WHITE SOX FANS, FRIENDS, AND SPONSORS, CHICAGO WHITE SOX CHARITIES, INC. HAS DONATED MILLIONS SINCE ITS INCEPTION, STRIVING TO IMPROVE THE QUALITY OF LIFE FOR CHICAGOANS OF ALL AGES, RACES AND GENDERS.

Program Service Accomplishments

Program 1
Expenses: $3,612,591

PROVIDE FINANCIAL ASSISTANCE TO SUPPORT COMMUNITY BASED PROGRAMS FOCUSING ON CANCER RESEARCH AND TREATMENT, HEALTH AND WELLNESS FOR CHILDREN AND FAMILIES IN CRISIS AND YOUTH EDUCATION IN ACCORDANCE...

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PROVIDE FINANCIAL ASSISTANCE TO SUPPORT COMMUNITY BASED PROGRAMS FOCUSING ON CANCER RESEARCH AND TREATMENT, HEALTH AND WELLNESS FOR CHILDREN AND FAMILIES IN CRISIS AND YOUTH EDUCATION IN ACCORDANCE WITH CWSC'S 501C3 STATUS. CWSC SOLICITS CONTRIBUTIONS THROUGHOUT THE YEAR BY HOSTING FUNDRAISING EVENTS AND PROGRAMS INCLUDING AUCTIONS OF MEMORABILIA, RAFFLES HELD AT CHICAGO WHITE SOX HOME GAMES AND GENERAL PUBLIC CONTRIBUTIONS.

Program 2
Expenses: $693,962

EXECUTE A HIGHLY COMPETITIVE TRAVEL BASEBALL PROGRAM FOR INNER CITY YOUTH AGES 12-17. YOUTH PARTICIPATE IN BASEBALL DEVELOPMENT, ACADEMIC SUPPORT AND ARE ENTERED INTO TOP TIER BASEBALL TOURNAMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,723,006
Program Service Revenue $0
Investment Income $250,080
Other Revenue $1,346,490
TOTAL REVENUE $6,319,576

Expense Breakdown

Grants Paid $3,612,591
Salaries & Benefits $187,717
Fundraising Expenses $0
Program Expenses $4,306,553
Other Expenses $745,249
TOTAL EXPENSES $4,545,557

Year-over-Year Comparison

2023 2022 Change
Revenue $6,319,576 $3,406,117 +0.9%
Expenses $4,545,557 $2,117,963 +1.1%
Net Income $1,774,019 $1,288,154 +0.4%
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
7
Independent Members
N/A
Employees
25
Volunteers
25

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR, SECRETARY 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR, PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR, TREASURER 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (As of 9/1/23) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (Term Exp. 8/22/23) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 12.0
Officer
$0 $0 $0
N/A OFFICER 1.0
Officer
$0 $0 $0
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 No data No data No data No data
2023 $6,319,576 $4,545,557 $7,874,491 $1,774,019
2022 $3,406,117 $2,117,963 $6,036,118 $1,288,154
2021 $3,310,890 $1,498,761 $4,778,883 $1,812,129
2020 $1,420,392 $1,625,182 $2,923,973 $-204,790
2019 $2,161,517 $1,502,343 $3,201,746 $659,174
2018 $2,407,150 $1,680,471 $2,522,793 $726,679
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