Chance Sports

What it reported doing in 2025

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. In 2025, chance sports served 284 athletes on scholarship across Colorado. Eligible families are those that demonstrate financial need with an annual household income at or below 350% of the federal poverty line. The average household size and income for current athletes is a family of 4 with an income of 53,000. 59% of current scholarship awards are awarded to male athletes and 41% to female athletes and they range from age 8 through 19 with the average athlete age being 12 years old. 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 36% black, 32% latino, 12% multi racial, 13% caucasian, and 7% other. 45% of our athlete's report coming from single parent homes. 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.

Financial Efficiency

• Mission deployment rate: 67.7%; rating input score 68
• Program expense ratio: 80.4%; rating input score 80
• Fundraising efficiency: $10.64 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 18th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15.8%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 0.71; rating input score 33; 33rd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 60; 60th percentile among comparable filings
• Officer compensation ratio: 17.9%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 52.3% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 39.7% per year; rating input score 100; 94th percentile among comparable filings
• Asset growth: 41.9% per year; rating input score 100; 94th percentile among comparable filings