2024-01-16T13:51:51-06:00 2023-08-31 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2022-09-01 020615986 CHAMPIONS FOR EDUCATION INC CHAM 7045548101 3700 GLENEAGLES ROAD CHARLOTTE NC 28209 GARY SOBBA TOURNAMENT DIRECTOR 7045548101 2024-01-16 1 GARY SOBBA 999009999 0 SHAWN HUTCHINSON P01048557 3362753394 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY SOBBA 3700 GLENEAGLES ROAD CHARLOTTE NC 28209 24301704 0 X WWW.WELLSFARGOCHAMPIONSHIP.COM X 2002 NC THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR RAISING FUNDS TO PROVIDE GRANTS TO OTHER CHARITIES WHICH STRIVE TO IMPROVE THE QUALITY OF EDUCATION AROUND THE NATION. 12 12 0 1900 34000 22784 4484932 3587100 9552921 18788241 -2130 114415 794301 1811948 14830024 24301704 1149163 2212059 0 0 1722891 1148744 0 0 43468 11991386 20549392 14863440 23910195 -33416 391509 4769828 9544601 1444936 5828200 3324892 3716401 THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR RAISING FUNDS SO THAT IT MAY PROVIDE GRANTS TO OTHER CHARITIES WHICH STRIVE TO IMPROVE THE QUALITY OF EDUCATION AROUND THE NATION. 0 0 23442519 2212059 18788241 THE ORGANIZATION'S PRIMARY FUNDRAISING ACTIVITY IS THE HOSTING OF A PGA PROFESSIONAL GOLF TOURNAMENT IN CHARLOTTE, NC, KNOWN AS THE WELLS FARGO CHAMPIONSHIP. THE ORGANIZATION'S PRIMARY FUNDRAISING ACTIVITY IS THE HOSTING OF A PGA CHAMIONSHIP. THE 2023 TOURNAMENT WAS HELD MAY 4 - MAY 7, 2023, RAISING PROCEEDS TO PRIMARILY BENEFIT ATRIUM HEALTH FOUNDATION, DREAMKEY, AND FIRST TEE. 23442519 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 14 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 X GINA SPEARS 7045548101 3700 GLENEAGLES ROAD CHARLOTTE NC 28209 RICH DAVIES DIRECTOR 10.00 X 0 0 0 STEPHANIE RIVERA DIRECTOR 10.00 X 0 0 0 JOHN W HARRIS DIRECTOR 10.00 X 0 0 0 FELIX SABATES DIRECTOR 10.00 X 0 0 0 KENDALL ALLEY CHAIRMAN 10.00 X 0 0 0 JAY COLEMAN DIRECTOR 10.00 X 0 0 0 ERIC STEIGERWALT DIRECTOR 10.00 X 0 0 0 JOHNO HARRIS DIRECTOR 10.00 X 0 0 0 LUKE KISSAM DIRECTOR 10.00 X 0 0 0 ROBERT STEVANOVSKI DIRECTOR 10.00 X 0 0 0 ARMANDO CHARDIET DIRECTOR 10.00 X 0 0 0 ROB ENGEL DIRECTOR 10.00 X 0 0 0 GARY SOBBA TOURANMAENT EXECUTIVE DIRE 50.00 X 389047 0 29900 389047 0 29900 1 0 1 0 0 3587100 3587100 GOLF TOURNAMENT REV. 900099 18788241 18788241 18788241 114415 114415 134304 134304 CONCESSION/CATERING 900099 1670394 1670394 ADVERTISING REVENUE 541800 7250 34000 -26750 1677644 24301704 18788241 34000 1892363 2212059 2212059 389047 389047 651019 651019 108678 108678 375000 375000 1936 1936 33500 33500 282917 282917 173870 130402 43468 193046 193046 6120 6120 1938856 1938856 78913 78913 28670 28670 68862 55090 13772 GOLF TOURNAMENT EXPENSE 17248088 17248088 BANK & CREDIT CARD FEE 82063 82063 DUES/SUBSCRIPTIONS 36162 36162 UBI TAX 394 394 995 995 23910195 23442519 424208 43468 2517493 5709483 2018704 1845342 121348 153610 2997700 2914087 112283 83613 0 1752553 4769828 9544601 995851 3568531 449085 507116 0 1752553 1444936 5828200 X 3324892 3716401 3324892 3716401 4769828 9544601 391509 0 X 0 1 X 1 0 X 3308097 527876 3666826 4484392 3587100 15574291 15190109 4207415 13348368 10033421 20499885 63279198 18498206 4735291 17015194 14517813 24086985 78853489 2052457 4175300 2178949 3058351 1993953 13459010 0 2052457 4175300 2178949 3058351 1993953 13459010 65394479 82564 550 79789 104375 248719 515997 82564 550 79789 104375 248719 515997 46173 1878 22784 70835 192464 211337 403801 18626943 4735841 17287447 14835403 24358488 79844122 0.81900 0.80390 0.00650 0.00470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2997700 2914087 83613 83613 OPERATING LEASE RIGHT-OF-USE ASSETS 1752553 1752553 CURRENT PORTION OF OPERATING LEASE LIABILITY 1736750 OPERATING LEASE LIABILITY, NET OF CURRENT PORTION 15803 1752553 X 24301704 0 24301704 0 24301704 23910195 0 23910195 0 23910195 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF AUGUST 31, 2023 AND 2023. 1 ALEXANDER YOUTH NETWORK 6220 THERMAL ROAD CHARLOTTE NC 28211 560554413 501(C)(3) 60000 0 SUPPORT ATRIUM HEALTH FOUNDATION 208 EAST BLVD CHARLOTTE NC 28203 566060487 501(C)(3) 301000 0 SUPPORT AUGUSTINE LITERACY PROJECT 115 W 7TH ST CHARLOTTE NC 28202 830822641 501(C)(3) 50000 0 SUPPORT BED FOR KIDS 1800 CAMDEN RD STE 107-17 CHARLOTTE NC 28203 274153074 501(C)(3) 0 13200 FMV FURNITURE SUPPORT CAROLINA STARS INC PO BOX 44222 CHARLOTTE NC 28215 384131864 501(C)(3) 6100 0 SUPPORT CAROLINA YOUTH COALITION 6035 FLORENCE AVE STE 200 CHARLOTTE NC 28212 824313926 501(C)(3) 150500 0 SUPPORT CAROLINAS GOLF ASSOCIATION 140 RIDGE ROAD SOUTHERN PINES NC 28387 591761556 501(C)(3) 8500 0 SUPPORT CCCP COMMUNITY TRUST 200 S TRYON ST SUITE 1600 CHARLOTTE NC 28202 010554275 501(C)(3) 10500 0 SUPPORT CMS FOUNDATION 4421 STUART ANDREW BLVD SUITE 100 CHARLOTTE NC 28217 200258541 210202 0 SUPPORT COMPETITIVE CHAMPIONS OF THE CAROLINAS 414 WALDEN PARK DR FORT MILL SC 29715 832079974 50762 0 SUPPORT CROHN'S & COLITIS FOUNDATION 1100 S MINT ST CHARLOTTE NC 28203 136193105 10000 0 SUPPORT DREAMKEY 4601 CHARLOTTE PARK DR STE 350 CHARLOTTE NC 28217 561620516 300000 0 SUPPORT FIRECRACKER PREMIER 10515 KNOX AVE MATTHEWS NC 28105 921764864 16918 0 SUPPORT FIRST TEE 2661 BARRINGER DR CHARLOTTE NC 28208 562245026 170000 39915 FMV FOOD SUPPORT FUSION COMP CREW 8206 CALDWELL RD HARRISBURG NC 28075 843417078 19381 0 SUPPORT GENERATION WEALTH EDUCATORS PO BOX 691301 CHARLOTTE NC 28227 870898692 10068 0 SUPPORT HABITAT FOR HUMANITY OF THE CHARLOTTE REGION - RESTORE PO BOX 220287 CHARLOTTE NC 28222 561366233 0 23800 FMV FURNITURE SUPPORT HEART MATH TUTORING 1100 S MINT ST 107 CHARLOTTE NC 28203 464366030 50500 0 SUPPORT JOHN CROSLAND SCHOOL 5146 PRKWY PLZ BLVD CHARLOTTE NC 28217 561211583 51000 0 SUPPORT LOAVES AND FISHES 648 GRIFFITH RD B CHARLOTTE NC 28217 561398498 0 40000 FMV FOOD SUPPORT L-TOWN CHARITIES 3354 DELAWARE DRIVE DENVER NC 28037 921966156 8918 0 SUPPORT MAD FOUNDATION 10401 EBBETS ROAD CHARLOTTE NC 28273 880800751 5824 0 SUPPORT PENNY'S DREAM INC 8209 WILLOW BRANCH DRIVE WAXHAW NC 28173 871549095 24578 0 SUPPORT PROMISING PAGES 4020 YANCEY RD CHARLOTTE NC 28217 452540702 70000 0 SUPPORT QUAIL HOLLOW PRESBYTERIAN CHURCH 8801 PARK ROAD CHARLOTTE NC 28210 561322486 14000 0 SUPPORT ROLLING THUNDER SOUTH CAROLINA CHAPTER 1 PO BOX 2615 ROCK HILL NC 29732 431965032 11060 0 SUPPORT RONALD MCDONALD HOUSE 1613 E MOREHEAD ST CHARLOTTE NC 28207 204671570 50000 0 SUPPORT SOUTH MECK HIGH SCHOOL 8900 PARK RD CHARLOTTE NC 28210 273328501 12500 0 SUPPORT SOUTH MECK PTSA 8900 PARK RD CHARLOTTE NC 28210 561437639 23000 0 SUPPORT TEACH FOR AMERICA 5855 EXECUTIVE CENTER DR CHARLOTTE NC 28212 133541913 60000 0 SUPPORT THE ROTARY SCHOLARSHIP GOLF CLASSIC 1850 EAST 3RD ST STE 220 CHARLOTTE NC 28204 561623918 25000 0 SUPPORT USO OF NORTH CAROLINA 600 AIRPORT BLVD MOORESVILLE NC 27560 131610451 0 15400 FMV FURNITURE SUPPORT WHAT'S NEXT COUNSELING SERVICE FOR THE YO 2003 MARY ANN DRIVE CHARLOTTE NC 28214 943436064 20313 0 SUPPORT WORLD GOLF FOUNDATION ONE WORLD GOLF PLACE ST AUGUSTINE FL 32092 592998925 50000 0 SUPPORT YMCA OF GREATER CHARLOTTE 400 E MOREHEAD ST CHARLOTTE NC 28202 561045299 75250 0 SUPPORT YOUNG BLACK LEADERSHIP ALLIANCE - YBLA 416 MCCULLOUGH DR STE 215 CHARLOTTE NC 28262 262984776 50000 0 SUPPORT ASSOCIATION OF DANCE PARENTS 2200 DAM ROAD FORT MILL SC 29708 274323445 11731 0 SUPPORT CYSTIC FIBROSIS FOUNDATION 4600 PARK RD STE 100 CHARLOTTE NC 28209 CHARLOTTE NC 28209 131930701 8100 0 SUPPORT DONORS CHOOSE 134 W 37TH ST NEW YORK NY 10018 134129457 20892 0 SUPPORT FOREST HILL CHURCH 7224 PARK ROAD CHARLOTTE NC 28210 560754698 37195 0 SUPPORT FORT MILL BAND BOOSTER CLUB INC 2764 PLEASANT RD 10503 FORT MILL SC 29708 570645655 5409 0 SUPPORT 41 PART I, LINE 2: CHAMPIONS FOR EDUCATION, INC. MAINTAINS PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS BY PROVIDING GUIDANCE TO ENSURE THAT RECIPIENTS CONDUCT THEIR PORTIONS OF SPONSORED PROJECTS IN COMPLIANCE WITH LAWS, REGULATIONS, AND TERMS AND CONDITIONS OF AWARDS. X X X X 0 0 0 0 0 0 0 0 0 GARY SOBBA TOURANMAENT EXECUTIVE DIRE 213657 0 175390 0 0 0 27000 0 2900 0 418947 0 0 0 FORM 990, PART V, LINE 2A: CHAMPIONS FOR EDUCATION (CHAMPIONS) LEASES ALL ITS EMPLOYEES FROM INSPERITY, AN UNRELATED ORGANIZATION. THE PAYMENTS FROM CHAMPIONS TO INSPERITY FOR SALARIES ARE CONSIDERED PAID BY CHAMPIONS FOR PURPOSES OF FORM 990 REPORTING. AS SUCH, COMPENSATION IS INCLUDED IN THIS RETURN; HOWEVER, CHAMPIONS HAS NO EMPLOYEES FOR 941 REPORTING PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B DURING JANUARY 2024, A DRAFT OF THE 2022 FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, KPMG. THE EXECUTIVE DIRECTOR AND STAFF CPA REVIEW THE DRAFT FOR ACCURACY AND RAISE QUESTIONS AS APPROPRIATE. THE EXECUTIVE DIRECTOR AND CPA PRESENT THE DRAFT WITH THE FINANCE COMMITTEE WHICH PROVIDE COMMENTS AND ASK QUESTIONS WITH RESPECT TO THE DRAFT. BASED ON FEEDBACK PROVIDED FROM THE FINANCE COMMITTEE, THE DRAFT IS UPDATED AND THE FINAL TAX RETURN IS PRODUCED. COPIES OF THE FINALIZED TAX RETURN ARE DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION HAS ESTABLISHED A CONFLICT OF INTEREST POLICY WHICH WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION'S POLICY REQUIRES CERTAIN INDIVIDUALS TO DISCLOSE PARTICIPATION IN ACTIVITIES OR CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST ON AN ANNUAL BASIS OR IF AT ANY TIME SUCH INDIVIDUAL BECOMES AWARE OF CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF THE ORGANIZATION APPOINTS THE COMPENSATION COMMITTEE. THE INDIVIDUALS SERVING ON THE COMPENSATION COMMITTEE ALSO SERVE ON THE EXECUTIVE COMMITTEE OF THE ORGANIZATION. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND REVIEWS AND APPROVES ANY SALARY CHANGES RECOMMENDED BY THE EXECUTIVE DIRECTOR FOR HIS STAFF. THE ORGANIZATION UTILIZES COMPARABLE COMPENSATION INFORMATION FROM OTHER NON-PROFIT GROUPS OF ITS SIZE AND TYPE AS ITS THIRD PARTY NEUTRAL SOURCE TO PREPARE AND GATHER MARKET INFORMATION FOR REVIEW BY THE COMPENSATION COMMITTEE. DETAILED MINUTES ARE KEPT OF ALL ACTIONS. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, DOCUMENTS ARE AVAILABLE UPON REQUEST.