Nonprofit · EIN 47-5555752
CHAMP FOUNDATION
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $73,758 | $130,332 | -$56,574 | $244,742 | $0 | $244,742 |
| December 31, 2023 | 990 | $120,628 | $338,317 | -$217,689 | $301,316 | $0 | $301,316 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $73,275
- of which government grants
- $250
- Program service revenue
- $0
- Investment income
- $483
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $104,205
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,379
- Travel
- $5,748
- Program services (functional)
- $127,953
- Management and general (functional)
- $2,379
Balance sheet and other
- Total assets, start of year
- $301,316
- Total assets, end of year
- $244,742
- Total liabilities, end of year
- $0
- Net assets, end of year
- $244,742
- Net assets without donor restrictions
- $244,742
- Gross receipts
- $73,758
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walker Cole Arledge | Board Member Trustee or director | 1 | $0 |
| Jeffrey Reynolds | President Officer | 5 | $0 |
| Elizabeth Reynolds | Vice President Officer | 10 | $0 |
| Elizabeth Haviland | Secretary Officer | 1 | $0 |
| Tyler Albright | Treasurer Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walker Cole Arledge | Director Trustee or director | 1 | $0 |
| Jeffrey Reynolds | President Officer | 5 | $0 |
| Elizabeth Reynolds | Vice President Officer | 10 | $0 |
| Elizabeth Haviland | Secretary Officer | 1 | $0 |
| Tyler Albright | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4711 HOPE VALLEY RD STE 4F PMB 1171, DURHAM, NC 27707-5651
- In care of
- % JEFFREY REYNOLDS
- Principal officer (990 for 2024)
- JEFFREY REYNOLDS, 4711 Hope Valley Road 4F PMB 1171, DURHAM, NC 27707
- Signed the 990
- JEFFREY REYNOLDS, PRESIDENT
- Phone
- (727) 871-2667
- Website
- WWW.THECHAMPFOUNDATION.ORG
- Return prepared by
- PGM LLC
Mission
In 2024, The Champ Foundation continued to support a multi-site Natural History Study at the Cleveland Clinic and the the Children's HOspital of Philadelphia and the Champ Foundation Registry, a research study of individuals with single large scale mtDNA deletion syndromes, like Pearson syndrome. We support patient travel to participate in the Natural History Study. We continued to fund research projects at University College of London and Children's Hospital of Philadelphia.
Program accomplishments
- In 2023, The Champ Foundation continued to support a multi-site Natural History Study at the Cleveland Clinic and Children's Hospital of Philadelphia and the Champ Foundation Registry, a research study of individuals with single large-scale mitochondrial DNA deletions (SLSMDS). We support patient travel to participate in the Natural History Study. We continued to fund research projects at CHOP, University of Cambridge, University of Pittsburgh, and University College of London. We disseminated findings from our registry data through peer reviewed manuscripts and mitochondrial disease conferences.Expenses $127,953 · grants $104,205
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5555752
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H12)
- Assets (IRS master file)
- $244,742
- Income (IRS master file)
- $73,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $73,758 | $130,332 | $244,742 | XML |
| 990 | December 2023 | $120,628 | $338,317 | $301,316 | XML |
| 990 | December 2022 | $473,565 | $385,956 | $519,005 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5555752).
Questions about CHAMP FOUNDATION
- What is the EIN of CHAMP FOUNDATION?
- The employer identification number (EIN) of CHAMP FOUNDATION is 47-5555752.
- Is CHAMP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CHAMP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHAMP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHAMP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHAMP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHAMP FOUNDATION?
- The 990 for the year ended December 31, 2024 names JEFFREY REYNOLDS.
- Who are the officers and directors of CHAMP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CHAMP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $73,758, expenses of $130,332 and total assets of $244,742 at year end.
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