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Nonprofiteer
← THE CHAMPIONS FUND INC

Form 990 for tax year 2024

Filed by THE CHAMPIONS FUND INC.

Totals

Total revenue
$126,704
Total expenses
$100,927
Contributions and grants received
$126,704
Grants paid
$92,020
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$140,420
Total liabilities, end of year
$35,153
Net assets or fund balances, end of year
$105,267
Program services expenses (Part IX)
$98,700
Management and general expenses
$2,227
Fundraising expenses
$0
Program service expenses (Part III)
$98,700

Program services were 97.8% 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

    $126,704

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,020 · program services $92,020

  • 11a · Fees: management

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

  • 11c · Fees: accounting

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

  • 13 · Office expenses

    total $208 · program services $156 · management and general $52

  • 14 · Information technology

    total $699 · program services $524 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,523 · end of year $1,558

  • 3 · Pledges and grants receivable

    beginning of year $83,960 · end of year $133,960

  • 4 · Accounts receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,008 · 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 $22,906 · end of year $18,506

  • 24 · Unsecured notes and loans payable

    beginning of year $12,803 · end of year -$1,543

  • 27 · Net assets without donor restrictions

    beginning of year $79,490 · end of year $105,267

Mission and programs · 2024

Mission

OUR MISSION IS TO SIMPLIFY CHARITABLE GIVING AMOUNG PRO ATHLETES AND SPORT RELATED CHARITIES FOR THE BENEFIT OF THEIR COMMUNITIES.

  • THE CHAMPIONS FUND THROUGH ITS TORTORELLA FAMILY PROGRAM WORKS TO SUPPORT ANIMAL RESUE OPERATIONS AND PROMOTE HUMANE EDUCATION THROUGH GRANTS TO OTHER 501(C)(3) ORGANIZATIONS THAT HAVE BEEN VERIFIED AS ELIGABLE AND OPERATE ACCORDING TO CERTAIN QUALITY AND HUMANE STANDARDS. THEY ALSO PROMOTE LITERACY BY MAKING FREE CHILDRENS BOOKS, MUSIC AND JOURNALS FOR SELF REFLECTION TO YOUTH AGES 6 TO 10 SCHOOLS IN LOW INCOME NEIGHBORHOODS.

    Expenses $98,700 · Grants $91,500 · Revenue $118,704

As filed on the 2024 return.

Listed in Part VII

  • ANNE RUGARI

    PRESIDENTSECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TRACY THOMPSON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • CHRISTIAN BIZZOTTO

    DIRECTOR

    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
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543239349300609

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