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Nonprofiteer
← THE CHAMPIONS FUND INC

Form 990 for tax year 2022

Filed by THE CHAMPIONS FUND INC.

Totals

Total revenue
$158,000
Total expenses
$170,551
Contributions and grants received
$158,000
Grants paid
$158,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$113,129
Total liabilities, end of year
$94,349
Net assets or fund balances, end of year
$18,780
Program services expenses (Part IX)
$167,539
Management and general expenses
$3,012
Fundraising expenses
$0
Program service expenses (Part III)
$167,539

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $158,000

  • 2f · All other program service revenue

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $158,500 · program services $158,500

  • 11a · Fees: management

    total $3,000 · program services $2,250 · management and general $750 · fundraising $0

  • 11c · Fees: accounting

    total $5,000 · program services $3,750 · management and general $1,250 · fundraising $0

  • 12 · Advertising and promotion

    total $422 · program services $422 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,432 · program services $1,074 · management and general $358 · fundraising $0

  • 14 · Information technology

    total $532 · program services $399 · management and general $133 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $60 · program services $0 · management and general $60 · fundraising $0

  • 20 · Interest

    total $1,525 · program services $1,144 · management and general $381 · fundraising $0

  • 24a · Other expenses: Dues & Subscriptions

    total $70 · program services $0 · management and general $70 · fundraising $0

  • 24b · Other expenses: Telephone

    total $10 · program services $0 · management and general $10 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,090 · end of year $24,267

  • 3 · Pledges and grants receivable

    beginning of year $83,960 · end of year $83,960

  • 4 · Accounts receivable

    beginning of year $3,898 · end of year $3,898

  • 9 · Prepaid expenses and deferred charges

    end of year $1,004

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,190 · end of year $18,190

  • 23 · Secured mortgages and notes payable

    beginning of year $30,043 · end of year $27,706

  • 24 · Unsecured notes and loans payable

    beginning of year $12,384 · end of year $48,453

  • 27 · Net assets without donor restrictions

    beginning of year $31,331 · end of year $18,780

Mission and programs · 2022

Mission

Our mission is to simplify charitable giving among pro athletes and sport-related charities for the benefit of their communities.

  • The Tortorella Family Foundation programs work to support animal rescue operations and promote humane education through grants to other 501C3 organizations that have been verified as eligible and that operate according to certain quality and humane standards. They also promote literacy by making free children's books,music & journals for self-reflection to youth ages 6 to 10 in schools in low income neighborhoods.

    Expenses $167,539 · Grants $158,500 · Revenue $150,000

As filed on the 2022 return.

Listed in Part VII

  • Stacy Y Patrick

    President/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Bruce Bennett

    Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Christian Bizzotto

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202430459349300238

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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