Champions For Better Business Inc
- Assets
- $20.3k
- Revenue
- $295.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 85-1646357
Organization Overview
Champions For Better Business Inc is located in Fort Lee, NJ. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champions For Better Business Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CH4BB WAS DEDICATED TO HELPING LOCAL COMMUNITIES TO MITIGATE THE LOSS OF HOTEL CONVERSIONS IN THEIR AREAS. WE DID SO BY SECURING DONATIONS OF FURNITURE, FIXTURES, AND EQUIPMENT FROM HOTELS THAT WERE CLOSING OR CONVERTING TO RESIDENTIAL USE. WE REMOVED AND SOLD THE EQUIPMENT TO THE AFFECTED LOCAL COMMUNITY HOUSEHOLDS AND BUSINESSES AT DISCOUNTED PRICING OR DONATED ITEMS TO LOCAL CHARITIES. WE USED THE PROCEEDS TO EMPLOY LOCAL CITIZENS SEEKING WORK. CHAMPIONS FOR BETTER BUSINESS MANAGED THE REMOVAL OF FURNITURE, FIXTURES, AND EQUIPMENT FROM HOTELS ACROSS THE COUNTRY. IN SO DOING, CLIENTS WERE ABLE TO FOCUS ON THEIR RENOVATIONS OR REPURPOSING OF PROPERTIES TO A MORE PRODUCTIVE AND PROFITABLE USE. ALSO, INSTEAD OF THROWING THE ITEMS INTO THE LOCAL LANDFILL, OUR ORGANIZATION HIRED LOCAL CITIZENS TO REMOVE AND SELL THE HOTEL ITEMS TO OTHER LOCAL CITIZENS AND DONATED A SIGNIFICANT PORTION TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMPIONS FOR BETTER BUSINESS MANAGED THE REMOVAL OF FURNITURE, FIXTURES, AND EQUIPMENT FROM HOTELS ACROSS THE COUNTRY. IN SO DOING, CLIENTS WERE ABLE TO FOCUS ON THEIR RENOVATIONS OR REPURPOSING OF PROPERTIES TO A MORE PRODUCTIVE AND PROFITABLE USE. ALSO, INSTEAD OF THROWING THE ITEMS INTO THE LOCAL LANDFILL, OUR ORGANIZATION HIRED LOCAL CITIZENS TO REMOVE AND SELL THE HOTEL ITEMS TO OTHER LOCAL CITIZENS AND DONATED A SIGNIFICANT PORTION TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freddy Kalles CEO & Board Director | OfficerTrustee | 25 | $0 |
Thomas Eley Director | Trustee | 0.25 | $0 |
Michael Goldstein CFO & Director | OfficerTrustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $295,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $295,685 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,685 |
| 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 | $19,000 |
| 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 | $126,310 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98,131 |
| 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 | $5,500 |
| All other expenses | $31,050 |
| Total functional expenses | $279,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,303 |
| 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 | $20,303 |
| 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 | $20,303 |
| 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 | $20,303 |