Champions Circle LLC

Not tax-deductible

Ann Arbor, MI501(c)(7)Recreation & SportsEIN 88-2691984Revenue $2.0M in FY2023

On file with the IRSchampionscircleuofm.com2395 Oak Valley Dr Ste 110, 48103-9118 · Ann Arbor, MITax-exempt since Jun 2023

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Champions Circle is a community of fans, alumni, and supporters whose goal is empowering student-athletes to be the leaders and best through name, image, and likeness.

Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$2.0M
To programs
0%
Net assets
$54K

From the FY2023 Form 990 (year ending February 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering student-athletes to become leaders through name, image, and likeness opportunities.

Questions for Champions Circle LLC

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provides access to athletic facilities and events

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$0
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$54K
Total assetsLn 16$0$54K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2.0M
Legal feesLn 11b$8K
Accounting feesLn 11c$900
Advertising and promotionLn 12$3K
InsuranceLn 23$2K
Total functional expensesLn 25$2.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $2.0M$2.0M$54K$54K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,041,604 revenue, 12 lines filed
I-8 Contributions and grants$2,041,604
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$2,041,604
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$1,987,893
I-18 Total expenses$1,987,893
I-19 Revenue less expenses$53,711
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,041,604 across 3 lines filed
VIII-1b Membership dues$2,041,604
VIII-1h Total contributions, gifts and grants$2,041,604
VIII-12 Total revenue$2,041,604
Part IX · Statement of functional expenses $1,987,893 across 5 lines filed
IX-11a Management fees$1,973,857
IX-11b Legal fees$7,766
IX-11c Accounting fees$900
IX-12 Advertising and promotion$3,470
IX-23 Insurance$1,900
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,987,893
Part X · Balance sheet $53,711 assets, 6 lines filed
X-1 Cash, non-interest-bearing$53,711
X-16 Total assetsStart of year $0$53,711
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$53,711
X-32 Total net assets or fund balancesStart of year $0$53,711
X-33 Total liabilities and net assetsStart of year $0$53,711
Part XI · Reconciliation of net assets $53,711 net assets at year end
XI-1 Total revenue$2,041,604
XI-2 Total expenses$1,987,893
XI-3 Revenue less expenses$53,711
XI-10 Net assets at end of year$53,711

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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