2025-01-15T08:47:39-06:00 2024-08-31 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2023-09-01 020615986 CHAMPIONS FOR EDUCATION INC CHAM 7045548101 3700 GLENEAGLES ROAD CHARLOTTE NC 28209 KENDALL ALLEY GENERAL CHAIRMAN 7045548101 2024-12-17 1 0 SHAWN HUTCHINSON P01048557 3362753394 2024-12-20 2023 2024-10-15 13:58:12Z KENDALL ALLEY 3700 GLENEAGLES ROAD CHARLOTTE NC 28209 27579093 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 2100 29750 18749 3587100 3808353 18788241 21638894 114415 530255 1811948 1601591 24301704 27579093 2212059 2183549 0 0 1148744 1145176 0 0 39543 20549392 24103342 23910195 27432067 391509 147026 9544601 7216173 5828200 3352746 3716401 3863427 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 26962164 2183549 21638894 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 2024 TOURNAMENT WAS HELD MAY 9 - MAY 12, 2024, RAISING PROCEEDS TO PRIMARILY BENEFIT ATRIUM HEALTH FOUNDATION, DREAMKEY, AND FIRST TEE. 26962164 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 113 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 0.00 X 0 0 0 STEPHANIE RIVERA DIRECTOR 10.00 0.00 X 0 0 0 JOHN W HARRIS DIRECTOR 10.00 0.00 X 0 0 0 FELIX SABATES DIRECTOR 10.00 0.00 X 0 0 0 KENDALL ALLEY CHAIRMAN 10.00 0.00 X 0 0 0 JAY COLEMAN DIRECTOR 10.00 0.00 X 0 0 0 ERIC STEIGERWALT DIRECTOR 10.00 0.00 X 0 0 0 JOHNO HARRIS DIRECTOR 10.00 0.00 X 0 0 0 LUKE KISSAM DIRECTOR 10.00 0.00 X 0 0 0 ROBERT STEVANOVSKI DIRECTOR 10.00 0.00 X 0 0 0 ARMANDO CHARDIET DIRECTOR 10.00 0.00 X 0 0 0 ROB ENGEL DIRECTOR 10.00 0.00 X 0 0 0 GARY SOBBA TOURANMAENT EXECUTIVE DIRE 50.00 0.00 X 478529 0 33083 478529 0 33083 1 0 1 0 0 3808353 3808353 GOLF TOURNAMENT REV. 900099 21638894 21638894 21638894 530255 530255 112178 112178 CONCESSION/CATERING 900099 1482163 1482163 ADVERTISING REVENUE 541800 7250 29750 -22500 1489413 27579093 21638894 29750 2102096 2183549 2183549 478529 478529 548567 548567 118080 118080 375000 375000 34670 34670 298896 298896 158171 118628 39543 177038 177038 1675 1675 2579749 2579749 88633 88633 18036 18036 103448 82758 20690 GOLF TOURNAMENT EXPENSE 20016917 20016917 BANK & CREDIT CARD FEE 195175 195175 DUES/SUBSCRIPTIONS 13045 13045 UBI TAX 4418 4418 38471 38471 27432067 26962164 430360 39543 5709483 6590093 1845342 225000 153610 401080 2997700 2997700 83613 0 1752553 0 9544601 7216173 3568531 3352746 507116 0 1752553 0 5828200 3352746 X 3716401 3863427 3716401 3863427 9544601 7216173 147026 0 X 0 1 X 1 0 X 527876 3666826 4484392 3587100 3808353 16074547 4207415 13348368 10033421 20499885 23128307 71217396 4735291 17015194 14517813 24086985 26936660 87291943 4175300 2178949 3058351 1993953 2420483 13827036 0 4175300 2178949 3058351 1993953 2420483 13827036 73464907 550 79789 104375 248719 642433 1075866 550 79789 104375 248719 642433 1075866 1878 22784 18749 43411 192464 211337 403801 4735841 17287447 14835403 24358488 27597842 88815021 0.82720 0.81900 0.01210 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2997700 2997700 0 0 X 27579093 0 27579093 0 27579093 27432067 0 27432067 0 27432067 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, 2024 AND 2023. 1 AUGUSTINE LITERACY PROJECT 115 W 7TH ST CHARLOTTE NC 28202 830822641 501(C)(3) 25000 0 SUPPORT BED FOR KIDS 1800 CAMDEN RD STE 107-17 CHARLOTTE NC 28203 274153074 501(C)(3) 0 23100 FMV FURNITURE SUPPORT CAROLINA STARS INC PO BOX 44222 CHARLOTTE NC 28215 384131864 501(C)(3) 8000 0 SUPPORT CAROLINA YOUTH COALITION 6035 FLORENCE AVE STE 200 CHARLOTTE NC 28212 824313926 501(C)(3) 25500 0 SUPPORT CCCP COMMUNITY TRUST 200 S TRYON ST SUITE 1600 CHARLOTTE NC 28202 010554275 501(C)(3) 6000 0 SUPPORT CMS FOUNDATION 4421 STUART ANDREW BLVD SUITE 100 CHARLOTTE NC 28217 200258541 501(C)(3) 136831 14324 FMV ADVERTISMENT SUPPORT COMPETITIVE CHAMPIONS OF THE CAROLINAS 414 WALDEN PARK DR FORT MILL SC 29715 832079974 501(C)(3) 49855 0 SUPPORT FIRST TEE 2661 BARRINGER DR CHARLOTTE NC 28208 562245026 501(C)(3) 25000 6205 FMV FURNITURE SUPPORT FUSION COMP CREW 8206 CALDWELL RD HARRISBURG NC 28075 843417078 501(C)(3) 31144 0 SUPPORT HABITAT FOR HUMANITY OF THE CHARLOTTE REGION - RESTORE PO BOX 220287 CHARLOTTE NC 28222 561366233 501(C)(3) 8000 32825 FMV FURNITURE SUPPORT L-TOWN CHARITIES 3354 DELAWARE DRIVE DENVER NC 28037 921966156 12415 0 SUPPORT MAD FOUNDATION 10401 EBBETS ROAD CHARLOTTE NC 28273 880800751 501(C)(3) 9729 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 501(C)(4) 9201 0 SUPPORT RONALD MCDONALD HOUSE - CHARLOTTE 1613 E MOREHEAD ST CHARLOTTE NC 28207 204671570 501(C)(3) 0 5170 FMV FURNITURE SUPPORT SOUTH MECKLENBURG HIGH SCHOOL 8900 PARK RD CHARLOTTE NC 28210 581661795 10000 0 SUPPORT SOUTH MECKLENBURG HIGH SCHOOL - SPORTS BOOSTERS 8900 PARK RD CHARLOTTE NC 28210 561437639 23000 0 SUPPORT USO OF NORTH CAROLINA 600 AIRPORT BLVD MOORESVILLE NC 27560 131610451 501(C)(3) 0 25700 FMV FURNITURE SUPPORT WHAT'S NEXT COUNSELING SERVICE FOR THE YO 2003 MARY ANN DRIVE CHARLOTTE NC 28214 943436064 8665 0 SUPPORT WORLD GOLF FOUNDATION ONE WORLD GOLF PLACE ST AUGUSTINE FL 32092 592998925 501(C)(3) 50000 0 SUPPORT YMCA OF GREATER CHARLOTTE 400 E MOREHEAD ST CHARLOTTE NC 28202 561045299 501(C)(3) 30000 0 SUPPORT ASSOCIATION OF DANCE PARENTS 2200 DAM ROAD FORT MILL SC 29708 274323445 9584 0 SUPPORT CYSTIC FIBROSIS FOUNDATION 4600 PARK RD STE 100 CHARLOTTE NC 28209 CHARLOTTE NC 28209 131930701 501(C)(3) 9000 0 SUPPORT FOREST HILL CHURCH 7224 PARK ROAD CHARLOTTE NC 28210 560754698 37939 0 SUPPORT AMERICAN FOUNDATION FOR SUICIDE PREVENTION - NC 8311 BRIER CREEK PKWY STE 105-430 RALEIGH NC 27617 133393329 501(C)(3) 41000 0 SUPPORT AMERICAN RED CROSS 2425 PARK RD CHARLOTTE NC 28203 530196605 501(C)(3) 50000 0 SUPPORT CAROLINA PARENT GROUP 11486 RISING STAR COURT CHARLOTTE NC 28215 932237321 12929 0 SUPPORT CUTHBERTSON BAND BOOSTERS 8163 KENSIGNTON DR STE C 120 WAXHAW NC 28173 270364653 501(C)(3) 8000 0 SUPPORT DISCOVERY PLACE 301 NORTH TRYON ST CHARLOTTE NC 28202 560529944 501(C)(3) 1000000 0 SUPPORT LEVINE CHILDREN'S HOSPITAL PO BOX 32861 CHARLOTTE NC 28232 566060481 501(C)(3) 300000 0 SUPPORT MARINE CORPS BALL FUND-COMBAT LOGISTICS BATTALION 451 6115 NORTH HILLS CIRCLE CHARLOTTE NC 28213 205412141 8000 0 SUPPORT SOUTHEASTERN ELITE COMPETITORS 4326 WALKER RD ROCK HILL NC 29730 934894069 6809 0 SUPPORT THE HEARTEST YARD 208 EAST BLVD CHARLOTTE NC 28203 270843891 501(C)(3) 11000 0 SUPPORT THE RELATIVES CHARLOTTE NC 2219 FREEDOM DR CHARLOTTE NC 28208 561082022 501(C)(3) 5500 0 SUPPORT 34 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 218111 0 260418 0 0 0 30000 0 3083 0 511612 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 2025, A DRAFT OF THE 2023 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.