Champion Impact Capital
- Assets
- $5.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-0993106
Organization Overview
Champion Impact Capital is located in Irving, TX. The organization was established in 2014. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champion Impact Capital 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 Impact Capital generated $6.1m in total revenue. All expenses for the organization totaled $352.3k during the year ending 12/2021. While expenses have increased by 244.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFT PEOPLE FROM POVERTY AND STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CREATED A TECHNOLOGY PLATFORM FOR THE EDA/DEPARTMENT OF COMMERCE THAT MATCHED ELIGIBLE COVID RECOVERY PROJECTS WITH CAPITALIZATION STRATEGIES AND INVESTMENT.
THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION TO INVEST IN SEVERELY DISTRESSED CENSUS TRACTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Petty Board Chair | OfficerTrustee | 1 | $0 |
David Chard Secretary | OfficerTrustee | 1 | $0 |
Jay Altizer Treasurer | OfficerTrustee | 1 | $0 |
Michelle Corson CEO & Director | OfficerTrustee | 15 | $0 |
Nick Stanutz CFO | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $349,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,696,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,045,965 |
| Total Program Service Revenue | $0 |
| Investment income | $9,874 |
| 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 | $6,055,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $349,365 |
| Advertising and promotion | $0 |
| Office expenses | $72 |
| 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 | $2,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $352,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,437 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,696,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,874 |
| Total assets | $5,731,191 |
| Accounts payable and accrued expenses | $22,436 |
| 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 | $97,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,910 |
| Total liabilities | $146,346 |
| Net assets without donor restrictions | $5,584,845 |
| 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 | $5,731,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Champion Impact Capital has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Foundation For Community Empowerment Dallas, TX PURPOSE: Low interest rate lending | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ark-Tex Council Of Governments Texarkana, TX | $12,995,847 | $23,353,427 |
Hill Country Transit District San Saba, TX | $16,737,427 | $9,475,581 |
Una Chapman Cox Foundation Corpus Christi, TX | $57,480,839 | $4,113,311 |
Associated General Contractors Of America Inc Oklahoma City, OK | $865,701 | $896,105 |
Christian Compassion Center Inc Austin, TX | $17,837 | $878,600 |
Southwest New Mexico Council Of Government Silver City, NM | $416,169 | $705,211 |
Suga Education Training & Development Inc Austin, TX | $296,133 | $0 |
First Cavalry Division Association Copperas Cove, TX | $2,683,049 | $571,466 |
Ypo Inc Oklahoma City, OK | $127,921 | $416,291 |
Oklahoma City Association Ofpetroleum Landmen Oklahoma City, OK | $259,210 | $423,300 |
Foundation To Restore Accountability Tulsa, OK | $12,713 | $26,895 |
St Josephs Helpers Of Pulaski County Little Rock, AR | $689,338 | $445,003 |