CHANCE SPORTS

EIN: 882769009 501(c)(3) Recreation & Sports

DENVER, CO

Total Revenue
$1,074,210
Total Expenses
$876,030
Total Assets
$591,184
Net Assets
$571,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CO
Principal Officer
VICKIE PUCHI
Phone
7204707069
Tax Period
2024-01-01 to 2024-12-31

CHANCE SPORTS, founded in 2022, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 18% operating margin.

Mission

THE MISSION OF CHANCE SPORTS IS TO PROVIDE YOUNG ATHLETES WITH THE FINANCIAL SUPPORT TO ACCESS COMPETITIVE CLUB SPORTS, AND TO LEARN LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD.

Program Service Accomplishments

Program 1
Expenses: $725,212

MOVED TO ADDRESS INEQUITY, THE CORNERSTONE PROGRAM OF CHANCE SPORTS IS THE PROVISION OF FINANCIAL SUPPORT FOR YOUTH TO ACCESS COMPETITIVE CLUB SPORTS, WHILE SIMULTANEOUSLY DEVELOPING LEADERSHIP AND...

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MOVED TO ADDRESS INEQUITY, THE CORNERSTONE PROGRAM OF CHANCE SPORTS IS THE PROVISION OF FINANCIAL SUPPORT FOR YOUTH TO ACCESS COMPETITIVE CLUB SPORTS, WHILE SIMULTANEOUSLY DEVELOPING LEADERSHIP AND TEAMBUILDING SKILLS THAT WILL BENEFIT THEM ON AND OFF THE ATHLETIC FIELD. THIS FINANCIAL SUPPORT ENSURES ATHLETES CAN COVER CLUB FEES, TRAVEL EXPENSES, TOURNAMENT COSTS, AND EQUIPMENT COSTS. SCHOLARSHIPS RANGE FROM 300 TO 4,500 AND ARE AWARDED ON A SLIDING SCALE BASED ON A FAMILY'S HOUSEHOLD INCOME AS A PERCENTAGE OF THE FEDERAL POVERTY LINE, SEEKING TO COVER UP TO 75% OF THE OVERALL COST TO PARTICIPATE ANNUALLY IN EACH ATHLETE'S PRIMARY SPORT. AS CHILDREN GET OLDER, SCHOLARSHIP AMOUNTS GO UP SIGNIFICANTLY SINCE THEIR COST TO PARTICIPATE GOES UP AS COMPETITION LEVEL INCREASES, PARTICULARLY THE TRAVEL COSTS. EACH CLUB SPORT PROGRAM VARIES IN ITS DURATION AND ATHLETES PARTICIPATE ANYWHERE FROM A FEW MONTHS TO YEAR ROUND. ATHLETES PARTICIPATE ALONGSIDE ~20 PEERS AND 2-5 COACHES, OFFERING A UNIQUE OPPORTUNITY TO ENGAGE WITH OTHERS BEYOND THEIR HOME COMMUNITY. THROUGH THIS EXPERIENCE, ATHLETES ARE NOT ONLY ABLE TO SHARPEN THEIR ATHLETIC SKILLS WHICH HAS THE POWER TO OPEN FUTURE DOORS OF OPPORTUNITY BUT ALSO TO DEVELOP THE MANY INTERPERSONAL SKILLS ASSOCIATED WITH ATHLETIC PARTICIPATION. CHANCE SPORTS SUPPORTED NEARLY 200 ATHLETES IN 2023 PARTICIPATING ACROSS EIGHT SPORTS IN 13 PARTNER CLUBS AND IN 2024 DOUBLED THE AMOUNT OF SCHOLARSHIP AWARDS ACROSS THIRTEEN SPORTS AND 63 PARTNER CLUBS. ELIGIBLE FAMILIES ARE THOSE THAT DEMONSTRATE FINANCIAL NEED WITH AN ANNUAL HOUSEHOLD INCOME AT OR BELOW 350% OF THE FEDERAL POVERTY LINE. 62% OF CURRENT SCHOLARSHIP AWARDS ARE AWARDED TO MALE ATHLETES AND 38% TO FEMALE ATHLETES AND THEY RANGE FROM AGE 8 THROUGH 19. AS CHANCE SPORTS ADDS MORE TEAMS AND SPORTS, OUR INTENTION IS TO HAVE A MORE EQUAL DISTRIBUTION OF FUNDING BY GENDER. CS ATHLETES BY ETHNICITY ARE 44% BLACK, 28% LATINO, 14% MULTI RACIAL, 12% CAUCASIAN, AND 2% OTHER. CURRENTLY, 20% OF CS ATHLETES RESIDE IN DENVER, 53% IN AURORA AND 27% IN SURROUNDING AREAS OF METRO DENVER. (BECAUSE OF RESTRICTIONS ON SOME FUNDING, ATHLETES SKEW MORE HEAVILY IN AURORA, HOWEVER OUR MISSION IS TO SERVE ATHLETES STATEWIDE.) IT IS THE OBJECTIVE OF CS TO REMAIN WITH AN ATHLETE AS A SCHOLARSHIP FUNDING PARTNER THROUGHOUT THEIR ATHLETIC CAREER. TOWARDS THAT END, CHANCE SPORTS PRIORITIZES RENEWING SUPPORT OF RETURNING ATHLETES EACH YEAR.

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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 $1,074,210
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,074,210

Expense Breakdown

Grants Paid $480,574
Salaries & Benefits $273,043
Fundraising Expenses $103,565
Program Expenses $725,212
Other Expenses $122,413
TOTAL EXPENSES $876,030

Year-over-Year Comparison

2024 2023 Change
Revenue $1,074,210 $720,424 +0.5%
Expenses $876,030 $523,673 +0.7%
Net Income $198,180 $196,751 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
6

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
4
$150,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKIE PUCHI EXECUTIVE DI 40.00
Officer
$150,000 $0 $150,000
COLIN LARSON PRESIDENT 0.50
Officer Director
$0 $0 $0
JONATHAN TEE SECRETARY 0.50
Officer Director
$0 $0 $0
LUKE RAGLAND TREASURER 0.75
Officer Director
$0 $0 $0
AIDAH CLINTON BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL CRANDALL BOARD MEMBER 0.50
Director
$0 $0 $0
JEN ANDREWS BOARD MEMBER 0.50
Director
$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 $1,074,210 $876,030 $591,184 $198,180
2023 $720,424 $523,673 $379,797 $196,751
2022 $300,000 $123,371 $180,340 $176,629
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