2024-08-09T08:41:23-05:00 2023-12-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2023-01-01 460993106 CHAMPION IMPACT CAPITAL CHAM 2142262542 1500 NORTH LOOP 12 IRVING TX 75061 MICHELLE CORSON CEO 2142262542 2024-08-06 1 1 KEVIN WARNEKE P01294950 2148717500 2023 2024-08-08 14:25:15Z MICHELLE CORSON 1500 NORTH LOOP 12 IRVING TX 75061 97415 0 X WWW.CHAMPIONCAPITAL.ORG X 2012 TX LIFT PEOPLE FROM POVERTY AND STRENGTHEN COMMUNITIES. 9 9 0 9 0 0 213593 0 0 0 74753 93522 12 273 288358 93795 0 0 0 0 0 0 0 0 0 234563 12006 234563 12006 53795 81789 5834197 5900983 195557 180554 5638640 5720429 LIFT PEOPLE FROM POVERTY AND STRENGTHEN COMMUNITIES. 0 0 273 THE ORGANIZATION CREATED A TECHNOLOGY PLATFORM FOR THE EDA/DEPARTMENT OF COMMERCE THAT MATCHED ELIGIBLE COVID RECOVERY PROJECTS WITH CAPITALIZATION STRATEGIES AND INVESTMENT. THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION TO INVEST IN SEVERELY DISTRESSED CENSUS TRACTS. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X MICHELLE CORSON 2142262542 1500 NORTH LOOP 12 IRVING TX 75061 X TRENT PETTY CHAIR 1.00 X X 0 0 0 JAY ALTIZER TREASURER 1.00 X X 0 0 0 DR DAVID CHARD SECRETARY 1.00 X X 0 0 0 MICHELLE CORSON CEO & DIRECTOR 15.00 X X 0 0 0 JEREMY COX DIRECTOR 1.00 X 0 0 0 MARY HATCHER DIRECTOR 1.00 X 0 0 0 PLAMEN JORDANOFF DIRECTOR 1.00 X 0 0 0 DR SANA SYED DIRECTOR 1.00 X 0 0 0 DR MICHAEL YEUNG DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 75142 75142 22000 3620 18380 18380 18380 273 273 273 93795 273 0 93522 6758 6758 2250 2250 88 88 2910 2910 12006 0 12006 0 112408 73912 609 118667 5717560 5708404 3620 5834197 5900983 98557 83554 97000 97000 195557 180554 X 5638640 5720429 5638640 5720429 5834197 5900983 81789 0 X X 0 1 X 1 0 X 6045965 213593 6259558 6045965 213593 6259558 6259558 9874 74753 75142 159769 6419327 285 0.97510 0.98670 X 0 X 93795 0 93795 0 93795 12006 0 12006 0 12006 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE ACCORDING TO THE UNITED STATES INTERNAL REVENUE SERVICE ("IRS") DETERMINATION LETTER DATED AUGUST 12, 2014, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED DECEMBER 31, 2023, UNRELATED BUSINESS INCOME DID NOT RESULT IN ANY MATERIAL NET TAXABLE INCOME, THEREFORE NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE ORGANIZATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. THE ORGANIZATION'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS EMAILED TO BOARD TREASURER BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO NOTIFY THE BOARD IF A POTENTIAL CONFLICT OF INTEREST ARISES. IF A CONFLICT OF INTEREST IS IDENTIFIED, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE CORPORATE BOARD OR COMMITTEE MEETING. THE BOARD WILL THEN DISCUSS AND VOTE ON A SOLUTION. THE CHAIRPERSON OF THE CORPORATION BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON TO INVESTIGATE ALTERNATIVES TO THE PROPOSED SOLUTION IF APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAIALBLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.