Champion Way Foundation Inc
- Assets
- $113.5k
- Revenue
- $97.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, VA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3514488
Organization Overview
Champion Way Foundation Inc is located in Sterling, VA. The organization was established in 2011. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champion Way Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Champion Way Foundation Inc generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Champion Way Foundation Inc has awarded 25 individual grants totaling $836,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO FUND RESEARCH TO FIND A CURE FOR VARIOUS CANCERS. IN ADDITION, THE ORGANIZATION PROVIDES FUNDING TO VARIOUS TAX EXEMPT ORGANIZATIONS FOR ASSITANCE WITH CANCER RELATED ISSUES AND HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO ORGANIZATIONS WHO ARE EITHER INVOLVED IN CANCER RESEARCH, CANCER CARE OR HELPING THE HOMELESS.
THE ORGANIZATION MAKES DONATIONS TO OTHER 501C3 ORGANIZATIONS : CANCER RESEARCH AND HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delia Kase Director | Officer | $0 | |
Ryan Koppel Secretary | Officer | $0 | |
William Reilly President | Officer | $0 | |
Julie Shuey Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,670 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,435 |
| Advertising and promotion | $0 |
| Office expenses | $1,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $113,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,487 |
Grants Awarded
Over the last fiscal year, Champion Way Foundation Inc has awarded $381,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC | | $72,500 |
Washington, DC | | $72,500 |
Washington, DC | | $72,500 |
Sterling, VA | | $15,000 |
Sterling, VA | | $15,000 |
Sterling, VA | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Townebank Foundation Suffolk, VA | $12,218,911 | $5,948,178 |
Investigative Research Center Inc Arlington, VA | $96,743 | $0 |
Mesothelioma Applied Research Foundation Inc Washington, DC | $9,384,474 | $3,031,525 |
Cool Kids Campaign Foundation Inc Towson, MD | $935,182 | $1,348,951 |
24 Foundation Inc Charlotte, NC | $1,081,885 | $1,362,203 |
Lung Cancer Initiative Raleigh, NC | $1,367,824 | $941,380 |
Shallow Ford Foundation Inc Clemmons, NC | $16,710,912 | $2,245,323 |
Parkinson Foundation Of The National Capital Area Olney, MD | $3,654,969 | $1,520,537 |
Health First Americas Charities Chantilly, VA | $289,925 | $622,332 |
Glut1 Deficiency Foundation Inc Owingsville, KY | $447,949 | $776,976 |
Kendyl And Friends Foundation Inc Burgin, KY | $229,614 | $576,619 |
Cure Lbsl Arlington, VA | $444,924 | $599,293 |