Champions Foundation Of Arizona
- Assets
- $5.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 45-4870068
Organization Overview
Champions Foundation Of Arizona is located in Scottsdale, AZ. The organization was established in 2013. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champions Foundation Of Arizona 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 12/2022, Champions Foundation Of Arizona generated $3.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $6.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS ORGANIZED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501C(3)OF THE IRC FOSTERING NATIONAL AND INTERNATIONAL COMPETITION IN THE SPORT OF KARATE. THE PURPOSE OF THE CORPORATION INCLUDES RAISING FUNDS AND PURCHASING PERSONAL PROPERTY AND SERVICES INCLUDING SCHOLARSHIPS AND COACHING FEES AND EXPENSES TO BENEFIT THE STUDENTS OF ARIZONA BY ENCOURAGING AND FACILITATING NATIONAL AND INTERNATIONAL COMPETITION. THE CORPORATION SHALL PROVIDE VOLUNTEERS FOR EDUCATIONAL ACTIVITIES THAT WILL CONTRIBUTE TO THE PUBLIC EDUCATION OF THE COMMUNITY, ENGAGE IN OTHER CHARITABLE, CIVIC, OR EDUCATIONAL ACTIVITIES THAT WILL CONTRIBUTE TO THE COMMUNTITY; AND EXERCISE OTHER POWERS CONFERRED BY THE LAWS OF ARIZONA ON NOO-PROFIT CORPORATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,069 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,069 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,945 |
| Total expenses | $6,545 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,350 |
| Other assets | $0 |
| Total assets | $5,350 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,350 |
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