Champ Foundation
- Assets
- $431.4k
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5555752
Organization Overview
Champ Foundation is located in Durham, NC. The organization was established in 2016. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champ Foundation 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, Champ Foundation generated $187.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $218.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Champ Foundation has awarded 17 individual grants totaling $646,079. 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 CHAMP FOUNDATION SUPPORTS RESEARCH TOWARD BETTER TREATMENTS AND A CURE FOR DISEASES CASUED BY MITOCHONDRIAL DNA DELETIONS, SUCH AS PEARSON SYNDROME. THESE DISEASES ARE RARE. FOR EXAMPLE, THERE HAVE ONLY BEEN AROUND 100 REPORTED CASES OF PEARSON SYNDROME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE CHAMP FOUNDATION CONTINUED TO FUND RESEARCH PROJECTS AT THE UNIVERSITY OF MAASTRICHT, THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND UNIVERSITY OF CAMBRIDGE. THE CHAMP FOUNDATION EXPANDED OUR SLSMDS RESEARCH NETWORK AND ESTABLISHED TWO SLSMDS CENTERS OF EXCELLENCE, SUPPORTED A MULTI-SITE NATURAL HISTORY STUDY, CONTINUED FUNDING A BIOSPECIMEN REPOSITORY, AND DISSEMINATED FINDINGS FROM THE CHAMP FOUNDATION REGISTRY, A RESEARCH STUDY OF INDIVIDUALS WITH SINGLE LARGE-SCALE MITOCHONDRIAL DNA DELETIONS (SLSMDS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Reynolds President | Officer | 5 | $0 |
Tyler Albright Treasurer | Officer | 1 | $0 |
Elizabeth Reynolds Vice President | Officer | 10 | $0 |
Elizabeth Malkin Secretary | Officer | 1 | $0 |
Walker Cole Arledge Director | Trustee | 1 | $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 | $187,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,199 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| 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 | $187,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,295 |
| 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 | $1,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,535 |
| 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 | $180 |
| Total functional expenses | $218,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,396 |
| 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 | $431,396 |
| 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 | $431,396 |
| 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 | $431,396 |
Grants Awarded
Over the last fiscal year, Champ Foundation has awarded $189,293 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Research; Natural History Study | $48,752 |
Philadelphia, PA PURPOSE: Research; Natural History Study | $39,458 |
Independence, OH PURPOSE: Natural History Study | $35,000 |
THE UNIVERSITY OF CAMBRIDGE PURPOSE: Research | $30,000 |
UNIVERSITY OF MAASTRICHT PURPOSE: Research | $17,632 |
Boston, MA PURPOSE: Research; Biospecimen Bank | $12,451 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Champ Foundation has recieved totaling $65,722.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Aragona Family Foundation Austin, TX PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE PURPOSE. | $12,000 |
Seedtime Fund Inc New York, NY PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Foundation For Cancer Research Foundation Richmond, VA | $31,990,703 | $16,751,552 |
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Nashville Wine Auction Nashville, TN | $1,455,016 | $3,050,154 |
South Carolina Medical Association Foundation Columbia, SC | $2,934,149 | $977,722 |
Regenmed Development Organization Winstonsalem, NC | $1,918,667 | $1,082,279 |
T J Martell Foundation Nashville, TN | $1,696,815 | $381,037 |
Fore Batten Foundation Chapel Hill, NC | $1,880,374 | $1,570,342 |
Isakson Initiative Inc Atlanta, GA | $1,622,312 | $1,140,837 |
Paula Takacs Foundation For Sarcoma Research Weddington, NC | $577,201 | $617,474 |
A Cure In Sight Raleigh, NC | $90,213 | $324,456 |
Herbert Kosten Pancreatic Cancer Charitable Fund Memphis, TN | $314,081 | $160,097 |
Challenge To Conquer Cancer Greenville, SC | $15,012 | $206,385 |