Champions For Literacy
- Assets
- $273.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Memphis, TN
- Founding
- 08/2014
- Data as of
- 07/2023
- EIN
- 46-3588150
Organization Overview
Champions For Literacy is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2023, Champions For Literacy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champions For Literacy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Champions For Literacy generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.4m during the year ending 07/2023. While expenses have increased by 25.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Champions For Literacy has awarded 116 individual grants totaling $1,341,230. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHAMPIONS FOR LITERACY (FORMERLY COACHING FOR LITERACY)[COLLECTIVELY "CFL"] IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO USE THE POWER OF SPORTS TO RAISE AWARENESS ABOUT THE PROBLEM OF ILLITERACY AND FUNDS FOR LITERACY PROGRAMS SERVING STUDENTS IN GRADES KINDERGARTEN THROUGH THIRD GRADE. CFL WORKS WITH ATHLETIC TEAMS AND PLAYERS TO DONATE 100% OF PUBLIC FUNDS TO LOCAL LITERACY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIGHT FOR LITERACY GAMES - FIGHT4LITERACY GAMES BRING COACHES, PLAYERS, AND FANS TOGETHER IN A COMMON CAUSE: ENSURING OUR CHILDREN CAN READ. PARTNERS WEAR GREEN4LITERACY TO PROMOTE CAUSE AWARENESS AND THE GENERAL PUBLIC MAKES DONATIONS TO LOCAL LITERACY WORK. 100% OF FUNDS RAISED FROM DONORS AND BUSINESSES THROUGH THE FIGHT4LITERACY GAMES ARE IN TURN DONATED TO LITERACY PROGRAM(S) IN THAT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Wilfong Chairman | OfficerTrustee | 4 | $0 |
Jonathan Wilfong Co-Founder | Trustee | 2 | $0 |
Andrew Renshaw Co-Founder | Trustee | 0.5 | $0 |
Lamar Stanley Director | Trustee | 0.5 | $0 |
Brian Hayhurst Treasurer | OfficerTrustee | 0.5 | $0 |
Jonathan Wood Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,476,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,476,520 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,476,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $404,345 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,161 |
| Compensation of current officers, directors, key employees. | $12,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,245 |
| Payroll taxes | $20,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,930 |
| Advertising and promotion | $438,975 |
| Office expenses | $2,355 |
| Information technology | $10,096 |
| Royalties | $0 |
| Occupancy | $10,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,787 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,384,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,069 |
| Accounts payable and accrued expenses | $80,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $80,243 |
| Net assets without donor restrictions | $110,459 |
| Net assets with donor restrictions | $82,367 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $273,069 |
Grants Awarded
Over the last fiscal year, Champions For Literacy has awarded $337,224 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN YOUTH PROGRAMS PURPOSE: LITERACY INTERVENTION AND RESOURCES | $5,185 |
BRANTLEY ELEMENTARY SCHOOL PURPOSE: LITERACY INTERVENTION AND RESOURCES | $10,185 |
CARE ELEMENTARY SCHOOL INC PURPOSE: LITERACY INTERVENTION AND RESOURCES | $5,265 |
CHARLOTTESVILLE CITY SCHOOLS PURPOSE: LITERACY INTERVENTION AND RESOURCES | $6,000 |
CRAVEN COUNTY PARTNERS IN EDUCATION PURPOSE: LITERACY INTERVENTION AND RESOURCES | $6,200 |
COLUMBUS COUNTY PARTNERSHIP FOR CHILDREN - SMART START PURPOSE: LITERACY INTERVENTION AND RESOURCES | $6,200 |