Civic Intelligence

Chance Sports

EIN 88-2769009 • 501(c)3 • Denver, CO

Profile

Chance sports is a colorado tax-exempt nonprofit scholarship organization that provides financial assistance to young athletes from families with financial need so they can access competitive club sport programs and learn leadership and team-building skills that will benefit them on and off the athletic field.

101 Monroe StDenver, CO 80206

chancesports.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.02x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

56%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$591,184

Up $211,387 (+56%) from 2023

Liabilities

Up

$19,624

Up $13,207 (+206%) from 2023

Net Assets

Up

$571,560

Up $198,180 (+53%) from 2023

Revenue

Up

$1,074,210

Up $353,786 (+49%) from 2023

Expenses

Up

$876,030

Up $352,357 (+67%) from 2023

Net Income

Up

$198,180

Up $1,429 (+0.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2022: $180,340Liabilities 2022: $3,711Net Assets 2022: $176,6292022Assets 2023: $379,797Liabilities 2023: $6,417Net Assets 2023: $373,3802023Assets 2024: $591,184Liabilities 2024: $19,624Net Assets 2024: $571,5602024

Highlighted filing

2024

Assets$591,184
Liabilities$19,624
Net Assets$571,560

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2022: $300,000Expenses 2022: $123,371Net Income 2022: $176,6292022Revenue 2023: $720,424Expenses 2023: $523,673Net Income 2023: $196,7512023Revenue 2024: $1,074,210Expenses 2024: $876,030Net Income 2024: $198,1802024

Highlighted filing

2024

Revenue$1,074,210
Expenses$876,030
Net Income$198,180

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.0
Gross Receipts
$1,074,210
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$268,891$467,071▲ $198,180
Pledges and Grants Receivable-$82,180-
Accounts Receivable$78,891--
Intangible Assets-$34,125-
Prepaid Expenses and Deferred Charges$32,015$7,808▼ $24,207
Total Assets$379,797$591,184▲ $211,387
Liabilities
Accounts Payable and Accrued Expenses$6,417$19,624▲ $13,207
Total Liabilities$6,417$19,624▲ $13,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$373,380$361,560▼ $11,820
Net Assets With Donor Restrictions-$210,000-
Total Net Assets Fund Balance$373,380$571,560▲ $198,180
Total Liabilities and Net Assets / Fund Balance$379,797$591,184▲ $211,387
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vickie PuchiExecutive DiFT$150,000$150,000

Board Members and Trustees

NameTitle
Colin LarsonPresident
Aidah ClintonBoard Member
Jen AndrewsBoard Member
Paul CrandallBoard Member
Jonathan TeeSecretary
Luke RaglandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,074,210
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$666,644
Change in Net Assets
$198,180

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,074,210
Total Revenue per Audited Statements
$1,074,210
Total Revenue per Form 990
$1,074,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$480,574
Salaries, Compensation, and Employee Benefits$273,043
Other Expenses$122,413
Total Fundraising Expense$103,565
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$480,574--$480,574
Current Officers, Directors, Trustees, and Key Employees$112,500-$37,500$150,000
Other Salaries and Wages$46,950$14,850$41,700$103,500
Fees for Services Other$11,925$600$11,925$24,450
Payroll Taxes$12,116$1,173$6,254$19,543
Information Technology$9,949$3,750$3,283$16,982
Fees for Services Accounting-$16,844-$16,844
Depreciation Depletion$13,125--$13,125
Fees for Services Management$5,000$5,000-$10,000
Insurance$66$4,936$34$5,036
Travel$971-$323$1,294
Conferences and Meetings$1,111-$117$1,228
Advertising$519-$519$1,038
Other Expenses$383$20$100$100
Office Expenses$37-$12$49
Total Functional Expenses$725,212$47,253$103,565$876,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$876,030
Total Expenses per Audited Statements$876,030
Total Expenses per Form 990$876,030
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficerSee Part VNo$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Oak rose group provides managment consulting and accounting services.

Form 990, Page 6, Part VI, Line 11B

The board reviews the draft at a board meeting before the return is filed.

Form 990, Page 6, Part VI, Line 12C

An annual review of any conflicts of interest is performed for all persons on the board.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Chance Sports
EIN
88-2769009
Phone
7204707069
Address
101 MONROE ST, DENVER, CO 80206

Signing Officer

Name
Vickie Puchi
Title
Executive Director
Phone
7204707069
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vickie Puchi
Formed
2022
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
6

Preparer

Firm
Altruic Advisors Cpas
Address
417 FOREST AVENUE, PLYMOUTH, MI 48170
Preparer
Ryan N Hagan CPA
Phone
8882985297
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4A

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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt156239
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TEAM SUPPORT
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1500
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FAMILIES WITH AN ANNUAL INCOME OF 350% OF FEDERAL POVERTY LINE AND BELOW ARE ELIGIBLE TO APPLY. AWARDS ARE DISTRIBUTED ON A SLIDING SCALE WITH THOSE WITH THE GREATEST FINANCIAL NEED RECEIVING A HIGHER PERCENTAGE OF THE OVERALL ANNUAL COST TO PARTICIPATE IN THEIR PRIMARY COMPETITIVE SPORT. FUNDS ARE PROVIDED TO FAMILIES THROUGH DIGITAL FUNDING CARDS. THE COMPANY WE PARTNER WITH TO DISTRIBUTE FUNDS IS CHEK. THE FUNDING CARDS HAVE RESTRICTIONS ON WHICH VENDORS THEY CAN BE USED AT (I.E. UNIFORMS, EQUIPMENT, TRAVEL, SPORTS CLUB FEES ETC.). CHANCE SPORTS HAS THE ABILITY TO REMIT FUNDS IF AN ATHLETE DECIDES TO DISCONTINUE THEIR ENGAGEMENT IN COMPETITIVE SPORT. FINALLY, CHANCE SPORTS COMMITS TO FUNDING RETURNING ATHLETES ON AN ANNUAL BASIS BEFORE FUNDING NEW APPLICANTS IN ORDER TO ENSURE CONTINUITY OF ENGAGEMENT FOR ATHLETES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0OAK ROSE GROUP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JONATHAN TEE IS THE SECRETARY OF CHANCE SPORTS AND A PRINCIPAL WITH OAK ROSE GROUP, THE ORGANIZATION THAT PROVIDED BUSINESS CONSULTING SERVICES TO CHANCE SPORTS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MOVED 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OAK ROSE GROUP PROVIDES MANAGMENT CONSULTING AND ACCOUNTING SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE DRAFT AT A BOARD MEETING BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN ANNUAL REVIEW OF ANY CONFLICTS OF INTEREST IS PERFORMED FOR ALL PERSONS ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0VICKIE PUCHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07204707069
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHANCE SPORTS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALTRUIC ADVISORS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0417 FOREST AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLYMOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerPersonGrp/PhoneNum08882985297
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN N HAGAN CPA
ReturnHeader/ReturnTs02025-06-13T09:35:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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