Civic Intelligence

The Gold Challenge Cup Foundation Inc

990 • Fiscal year 2020 • EIN 27-3083512

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 17, 2021

Organization ProfileWWW.THEGOLDCUP.ORG
100 Front Street Suite 300West Conshohocken, PA 19428-2894

(610) 234-0090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

91st percentile

150%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-30%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$249,672

Up $149,907 (+150%) from 2019

Net Assets

Up

$249,672

Up $150,207 (+151%) from 2019

Liabilities

Down

$0

Down $300 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin98th percentile

Revenue

Down

$155,950

Down $66,764 (-30%) from 2019

Expenses

Down

$5,743

Down $227,610 (-98%) from 2019

Net Income

Up

$150,207

Up $160,846 (+1512%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $86,892Liabilities 2010: $0Net Assets 2010: $86,8922010Assets 2011: $85,394Liabilities 2011: $0Net Assets 2011: $85,3942011Assets 2013: $150,803Liabilities 2013: $0Net Assets 2013: $150,8032013Assets 2014: $97,968Liabilities 2014: $0Net Assets 2014: $97,9682014Assets 2015: $93,005Liabilities 2015: $0Net Assets 2015: $93,0052015Assets 2016: $95,473Liabilities 2016: $0Net Assets 2016: $95,4732016Assets 2017: $178,986Net Assets 2017: $178,9862017Assets 2018: $110,104Net Assets 2018: $110,1042018Assets 2019: $99,765Liabilities 2019: $300Net Assets 2019: $99,4652019Assets 2020: $249,672Liabilities 2020: $0Net Assets 2020: $249,6722020Assets 2021: $323,776Liabilities 2021: $0Net Assets 2021: $323,7762021Assets 2022: $233,089Liabilities 2022: $52,966Net Assets 2022: $180,1232022Assets 2023: $156,213Liabilities 2023: $15,325Net Assets 2023: $140,8882023Assets 2024: $186,465Liabilities 2024: $40,000Net Assets 2024: $146,4652024

Highlighted filing

2020

Assets$249,672
Liabilities$0
Net Assets$249,672
Open 2020 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $13,1102010Expenses 2011: $200,7772011Revenue 2013: $72,507Expenses 2013: $10,712Net Income 2013: $61,7952013Revenue 2014: $126,052Expenses 2014: $178,887Net Income 2014: -$52,8352014Revenue 2015: $176,818Expenses 2015: $181,781Net Income 2015: -$4,9632015Revenue 2016: $191,450Expenses 2016: $188,982Net Income 2016: $2,4682016Revenue 2017: $142,250Expenses 2017: $58,737Net Income 2017: $83,5132017Revenue 2018: $187,606Expenses 2018: $256,489Net Income 2018: -$68,8832018Revenue 2019: $222,714Expenses 2019: $233,353Net Income 2019: -$10,6392019Revenue 2020: $155,950Expenses 2020: $5,743Net Income 2020: $150,2072020Revenue 2021: $200,268Expenses 2021: $126,164Net Income 2021: $74,1042021Revenue 2022: $257,761Expenses 2022: $401,414Net Income 2022: -$143,6532022Revenue 2023: $332,934Expenses 2023: $372,169Net Income 2023: -$39,2352023Revenue 2024: $285,741Expenses 2024: $280,164Net Income 2024: $5,5772024

Highlighted filing

2020

Revenue$155,950
Expenses$5,743
Net Income$150,207
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 17, 2021
Return Version
2020v4.0
Gross Receipts
$155,950
Mission and Program Overview

Mission

Promotion and education of single scull row

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,765$164,672▲ $149,907
Total Assets$99,765$249,672▲ $149,907
Other Assets Total$85,000$85,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$300--
Total Liabilities$300$0▼ $300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$99,465$249,672▲ $150,207
Total Net Assets Fund Balance$99,465$249,672▲ $150,207
Total Liabilities and Net Assets / Fund Balance$99,765$249,672▲ $149,907

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$85,000--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Sir Steve RedgraveHon Chair Em
F William Mcnabb IiiPresident
Charles MurrayDirector
Craig HoffmanDirector
Elle CarolanDirector
James BarkerDirector
Jennifer Van KeurenDirector
Rebecca KatzDirector
Linda AngelloAssistant Tr
Kim BrennanHonorary CHA
Dr Scot FisherSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$155,950
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$155,950
Change in Net Assets
$150,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,400--$2,400
Insurance$1,370--$1,370
Fees for Services Accounting-$1,175-$1,175
Fees for Services Other$581$217-$798
Total Functional Expenses$4,351$1,392$0$5,743
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“All board members are priovided with a copy of the return to review for accuracy. Tax return is not filed until approved.”

Form 990, Page 6, Part VI, Line 19

“All documents are accessible via written request.”

Filing and Contact Details

Filer

Filer Name
The Gold Challenge Cup Foundation
EIN
27-3083512
Phone
6102340090
Address
100 FRONT STREET SUITE 300, WEST CONSHOHOCKEN, PA 19428-2894

Signing Officer

Name
Dr Scot Fisher
Title
Secretary/treasurer
Phone
6102340090
Signed
2021-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Scot Fisher
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Verna & Associates
Address
105 JESSUP RD STE 100, THOROFARE, NJ 08086-9354
Preparer
Scott C Jenkins CPA
Phone
8563848400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Conference call expenses 0 67 0 supplies 581 0 0 filing fees 0 150 0 total 581 217 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation follows the provisions of asc 740 "accounting for uncertainties in income taxes". This addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return are reported properly in the financial statements. The foundation recognizes the tax benefit from an uncertain position when, based on technical merits, it is more likely than not the position will be sustained on examination by the taxing authorities. The foundation has reviewed tax positions taken in filings with federal and state jusrisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. For federal income tax purposes, the returns remain open for possible examination three (3) years after they are filed. The foundation's policy is to recognize interest and penalties on unrecognized tax benefits in other expenses in the statement of activities. No interest and penalties were recorded during the year ended december 31, 2020.”

Raw XML Appendix328 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS THE PROVISIONS OF ASC 740 "ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES". THIS ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN ARE REPORTED PROPERLY IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN POSITION WHEN, BASED ON TECHNICAL MERITS, IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. THE FOUNDATION HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JUSRISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. FOR FEDERAL INCOME TAX PURPOSES, THE RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION THREE (3) YEARS AFTER THEY ARE FILED. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN OTHER EXPENSES IN THE STATEMENT OF ACTIVITIES. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED DECEMBER 31, 2020.
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt099765
IRS990/TotalAssetsEOYAmt0249672
IRS990/TotalAssetsGrp/BOYAmt099765
IRS990/TotalAssetsGrp/EOYAmt0249672
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155950
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01392
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04351
IRS990/TotalFunctionalExpensesGrp/TotalAmt05743
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0300
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0300
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt099465
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IRS990/TotalProgramServiceExpensesAmt04351
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0155950
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt099765
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0249672
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0WEST CONSHOHOCKEN
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd0194282859
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.THEGOLDCUP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SCOT FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06102340090
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GOLD CHALLENGE CUP FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0GOLD
ReturnHeader/Filer/EIN0273083512
ReturnHeader/Filer/PhoneNum06102340090
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202115106
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERNA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 JESSUP RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0THOROFARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0080869354
ReturnHeader/PreparerPersonGrp/PhoneNum08563848400
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT C JENKINS CPA
ReturnHeader/ReturnTs02021-03-24T15:13:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FISHER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$249,672
Liabilities
$0
Net assets
$249,672
Revenue
$155,950
Expenses
$5,743
Net income
$150,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.40$1.46$2.86$2.80$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.15$1.41$3.33$3.72$0.39
2022Detailed filing. Detailed filing data is available for this year.$2.33$0.53$1.80$2.58$4.01$1.44
2021Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$2.00$1.26$0.74
2020Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$1.56$0.06$1.50
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.00$0.99$2.23$2.33$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.10$1.10$1.88$2.56$0.69
2017Detailed filing. Detailed filing data is available for this year.$1.79$1.79$1.42$0.59$0.84
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$1.91$1.89$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.77$1.82$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$1.26$1.79$0.53
2013Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.73$0.11$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$2.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$0.13