Liabilities / Assets
68th percentile
Tied with the lowest-debt nonprofits in its peer group.
The Champ Foundation
990EZ • Fiscal year 2018 • EIN 47-5555752
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
66th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Down$173,032
Down $66,779 (-28%) from 2017
Net Assets
Down$173,032
Down $66,779 (-28%) from 2017
Liabilities
Flat$0
Flat from 2017
Revenue And Expenses
Revenue
Down$104,144
Down $69,907 (-40%) from 2017
Expenses
Down$170,923
Down $2,699 (-1.6%) from 2017
Net Income
Down-$66,779
Down $67,208 (-15666%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- May 27, 2019
- Return Version
- 2018v3.0
- Gross Receipts
- $104,144
Mission and Program Overview
Mission
The Champ Foundation supports research toward better treatments and a cure for diseases casued by mitochondrial DNA deletions, such as Pearson syndrome. These diseases are rare. For example, there have only been around 100 reported cases of Pearson syndrome.
The Champ Foundation supports research toward better treatment and a cure for diseases caused by mitochondrial DNA deletions, with an emphasis on Pearson Syndrome. These diseases are very rare; for example, there have only been around 100 cases of Pearson Syndrome described in the literature since its discovery in 1979. Current "treatments" only address symptoms as they present themselves. Therefore, The Champ Foundation seeks to fund research that speeds the development of treatment and a cure.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| In 2017, The Champ Foundation expanded it's research funding through our first call for grants. Our Scientific Advisory Board recommended funding for two projects. The first "CD34+ cells enriched with blood cells derived healthy mitochondria as a treatment for Pearson Syndrome" seeks to employ a novel treatment based on stem cell transplant and is being undertaken at the Sheba Medical Center in Tel Aviv. The second, "Treatments and models for diseases caused by mitochondrial deletions," is being undertaken at the University of Cambridge. We also continued our support to Boston Children's project. All three projects characterize The Champ Foundation's approach. We seek out talented researchers at excellent institutions, whose intellectual interest in mitochondrial DNA deletion disorders has been hindered by financial concerns. We believe that these diseases can be treated and cured, provided that capable researchers and clinicians are aware of the problem and allowed to pursue a solution. | $260,000 | $0 |
| In 2018, The Champ Foundation continued its support of high quality mitochondrial disease research across the globe. Researchers at Cambridge and the University of Miami published exciting research that has moved gene editing technologies closer to the clinic. In 2018, the team at Sheba Medical Center submitted an IND application to the FDA, which utilized results from The Champ Foundation's grant. The application was approved and enrollment in a Phase I/II clinical trial will begin in 2019. In addition to research funding, The Champ Foundation organized the first conference devoted to mtDNA deletion research. The conference gathered researchers from around the world and has inspired fruitful collaborations. It is important to note that this conference was financed with funds from outside The Champ Foundation. The Champ Foundation remains steadfast in its commitment to research. | $170,000 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jeffrey Reynolds | President | PT | $0 | - | - |
| Elizabeth Reynolds | Vice President | PT | $0 | - | - |
| Elizabeth Malkin | Secretary | - | $0 | - | - |
| Tyler Albright | Treasurer | - | $0 | - | - |
| Walker Cole Arledge | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Champ Foundation
- EIN
- 47-5555752
- Phone
- 7278712667
- Address
- 2712 LITTLE ROGERS ROAD, DURHAM, NC 27704
Signing Officer
- Name
- Jeffrey Reynolds
- Title
- President
- Phone
- 7278712667
- Signed
- 2019-05-27
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 10
“The Champ Foundation continued funding to research grants at Sheba Medical Center and Cambridge University and initiated a new grant to The University of Miami.”
Form 990-EZ, Part I, Line 16
“Bank, PayPal, Crowdrise and other fees”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Champ Foundation continued funding to research grants at Sheba Medical Center and Cambridge University and initiated a new grant to The University of Miami. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | We were under the erroneous assumption that the due date was the end of the 5th month. |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jeffrey Reynolds |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-27 |
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| ReturnHeader/ReturnTs | 0 | 2019-05-27T07:29:07-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $173,032
- Liabilities
- $0
- Net assets
- $173,032
- Revenue
- $104,144
- Expenses
- $170,923
- Net income
- -$66,779