Civic Intelligence

The Gold Challenge Cup Foundation Inc

990 • Fiscal year 2021 • EIN 27-3083512

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 01, 2022

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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

79th percentile

37%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

72nd percentile

30%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

28%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$323,776

Up $74,104 (+30%) from 2020

Net Assets

Up

$323,776

Up $74,104 (+30%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin79th percentile

Revenue

Up

$200,268

Up $44,318 (+28%) from 2020

Expenses

Up

$126,164

Up $120,421 (+2097%) from 2020

Net Income

Down

$74,104

Down $76,103 (-51%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2021

Assets$323,776
Liabilities$0
Net Assets$323,776
Open 2021 Filing

Operations Trend

Revenue Growth66th 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

2021

Revenue$200,268
Expenses$126,164
Net Income$74,104
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 1, 2022
Return Version
2021v4.0
Gross Receipts
$200,268
Mission and Program Overview

Mission

Promotion and education of single scull row

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$156,672$226,276▲ $69,604
Prepaid Expenses and Deferred Charges$8,000$12,500▲ $4,500
Total Assets$249,672$323,776▲ $74,104
Other Assets Total$85,000$85,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$249,672$323,776▲ $74,104
Total Net Assets Fund Balance$249,672$323,776▲ $74,104
Total Liabilities and Net Assets / Fund Balance$249,672$323,776▲ $74,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$85,000--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Sir Steve RedgraveHon Chair Em
F William Mcnabb IiiPresident
Charles MurrayDirector
Craig HoffmanDirector
Elle CarolanDirector
Geof MckernanDirector
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
$140,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$60,268
All Other Contributions
$140,000
Change in Net Assets
$74,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,164
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
Fees for Services Other$123,469$150-$123,619
Insurance$1,370--$1,370
Fees for Services Accounting-$1,175-$1,175
Total Functional Expenses$124,839$1,325$0$126,164
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
2022-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Scot Fisher
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
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

“Corporate taxes 0 150 0 prizes & awards 100,000 0 0 supplies 22,719 0 0 filing fees 750 0 0 total 123,469 150 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. Management has determined that the foundation does not have any uncertain tax positions and associated unrecognized benefits or liabilities that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the foundation's tax returns will not be challenged by the taxing authorities and that the foundation or its board members will not be subject to penalties and/or interest as a result of such challenge. Generally, the foundation's tax returns remain open for three years for federal income tax examination.”

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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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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. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS OR LIABILITIES THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FOUNDATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FOUNDATION OR ITS BOARD MEMBERS WILL NOT BE SUBJECT TO PENALTIES AND/OR INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE FOUNDATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL INCOME TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueOtherAssetsAmt085000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE PRIOVIDED WITH A COPY OF THE RETURN TO REVIEW FOR ACCURACY. TAX RETURN IS NOT FILED UNTIL APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE ACCESSIBLE VIA WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CORPORATE TAXES 0 150 0 PRIZES & AWARDS 100,000 0 0 SUPPLIES 22,719 0 0 FILING FEES 750 0 0 TOTAL 123,469 150 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
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IRS990/WebsiteAddressTxt0WWW.THEGOLDCUP.ORG
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DR SCOT FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06102340090
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GOLD CHALLENGE CUP FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0080869354
ReturnHeader/PreparerPersonGrp/PhoneNum08563848400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT C JENKINS CPA
ReturnHeader/ReturnTs02022-03-28T08:10:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FISHER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$323,776
Liabilities
$0
Net assets
$323,776
Revenue
$200,268
Expenses
$126,164
Net income
$74,104
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