Champions Of Love Foundation Inc
- Assets
- $51.8m
- Revenue
- $43.7m
- Investments
- $42.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1229287
Organization Overview
Champions Of Love Foundation Inc is located in Boston, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champions Of Love 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 12/2022, Champions Of Love Foundation Inc generated $43.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $14.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Champions Of Love Foundation Inc has awarded 157 individual grants totaling $14,246,200. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Bancel President | 0 | $0 | |
Stephane Bancel Co-Chair | 0 | $0 | |
Marine Brotons Treasurer | 0 | $0 | |
Chloe Bancel Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,515,331 |
| Interest on Savings | $0 |
| Dividends & Interest | $152,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,456 |
| Capital Gain Net Income | $10,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,678,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $37,269 |
| Printing and publications | $0 |
| Other expenses | $135,652 |
| Total operating and administrative expenses | $602,330 |
| Contributions, gifts, grants paid | $14,246,200 |
| Total expenses and disbursements | $14,848,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,527 |
| Savings and temporary cash investments | $8,454,999 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $56,250 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,757,419 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Champions Of Love Foundation Inc has awarded $14,246,200 in support to 157 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR BOSTON COMMUNITY DEVELOPMENT PURPOSE: GENERAL | $5,000 |
I2 LEARNING FOUNDATION INC PURPOSE: GENERAL | $5,000 |
NEPAL YOUTH FOUNDATION PURPOSE: GENERAL | $5,000 |
LEVEL GROUND PURPOSE: GENERAL | $5,000 |
I2 LEARNING FOUNDATION INC PURPOSE: GENERAL | $5,000 |
WHITTIER STREET HEALTH CENTER COMMITTEE PURPOSE: GENERAL | $5,000 |