Civic Intelligence

The Gold Challenge Cup Foundation Inc

990 • Fiscal year 2022 • EIN 27-3083512

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 25, 2023

Organization ProfileWWW.THEGOLDCUP.ORG
1149 W Lancaster Avenue Suite U-3Bryn Mawr, PA 19010-2722

(610) 234-0090

Siviq Scores

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

Liabilities / Assets

85th percentile

0.23x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.21x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-56%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

17th percentile

-28%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

29%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$233,089

Down $90,687 (-28%) from 2021

Net Assets

Down

$180,123

Down $143,653 (-44%) from 2021

Liabilities

Up

$52,966

Up $52,966 from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin9th percentile

Revenue

Up

$257,761

Up $57,493 (+29%) from 2021

Expenses

Up

$401,414

Up $275,250 (+218%) from 2021

Net Income

Down

-$143,653

Down $217,757 (-294%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2022

Assets$233,089
Liabilities$52,966
Net Assets$180,123
Open 2022 Filing

Operations Trend

Revenue Growth64th 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

2022

Revenue$257,761
Expenses$401,414
Net Income-$143,653
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 25, 2023
Return Version
2022v5.0
Gross Receipts
$257,761
Mission and Program Overview

Mission

Promotion and education of single scull row

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$226,276$146,839▼ $79,437
Prepaid Expenses and Deferred Charges$12,500$1,250▼ $11,250
Total Assets$323,776$233,089▼ $90,687
Other Assets Total$85,000$85,000→ $0
Liabilities
Accounts Payable and Accrued Expenses-$52,966-
Total Liabilities$0$52,966▲ $52,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$323,776$180,123▼ $143,653
Total Net Assets Fund Balance$323,776$180,123▼ $143,653
Total Liabilities and Net Assets / Fund Balance$323,776$233,089▼ $90,687

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$85,000--
Compensation and Service Providers
Top Officer Pay78th 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
$202,511
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$55,250
All Other Contributions
$202,511
Change in Net Assets
$-143,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$401,414
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$361,309$650-$361,959
Travel$29,084--$29,084
Insurance$1,595--$1,595
Fees for Services Accounting-$1,125-$1,125
Other Expenses$500$591-$500
Office Expenses-$404-$404
Total Functional Expenses$392,488$8,926$0$401,414
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
No
Backup withholding compliance
Yes
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 provided 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
1149 W LANCASTER AVENUE SUITE U-3, BRYN MAWR, PA 19010-2722

Signing Officer

Name
Dr Scot Fisher
Title
Secretary/treasurer
Phone
6102340090
Signed
2023-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Scot Fisher
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
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 0 650 0 prizes & awards 252,000 0 0 event expenses 97,134 0 0 supplies 11,050 0 0 filing fees 1,125 0 0 total 361,309 650 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 om examination by the taxing authorities. Managemenmt 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 (3) years for federal tax examination.”

Raw XML Appendix353 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt052966
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTION AND EDUCATION OF SINGLE SCULL ROW
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0202511
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DR SCOT FISHER
IRS990/BooksInCareOfDetail/PhoneNum06102340090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01149 W LANCASTER AVENUE SUITE U-3
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRYN MAWR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0190102722
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0226276
IRS990/CashNonInterestBearingGrp/EOYAmt0146839
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0202511
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0401414
IRS990/CYOtherRevenueAmt055250
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-143653
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0401414
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0257761
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROMOTION AND EDUCATION ABOUT THE SPORT OF SINGLE SCULL ROWING ON AN AMATEUR LEVEL AMONG THE GENERAL PUBLIC, PARTICULARLY YOUTH, BY HOSTING AN ANNUAL COMPETITION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0392488
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01125
IRS990/FeesForServicesAccountingGrp/TotalAmt01125
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0650
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0361309
IRS990/FeesForServicesOtherGrp/TotalAmt0361959
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt104.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0SIR STEVE REDGRAVE
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM BRENNAN
IRS990/Form990PartVIISectionAGrp/PersonNm2F WILLIAM MCNABB III
IRS990/Form990PartVIISectionAGrp/PersonNm3DR SCOT FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES BARKER
IRS990/Form990PartVIISectionAGrp/PersonNm5REBECCA KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm7CRAIG HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER VAN KEUREN
IRS990/Form990PartVIISectionAGrp/PersonNm9ELLE CAROLAN
IRS990/Form990PartVIISectionAGrp/PersonNm10LINDA ANGELLO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0HON CHAIR EM
IRS990/Form990PartVIISectionAGrp/TitleTxt1HONORARY CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT TR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0257761
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01595
IRS990/InsuranceGrp/TotalAmt01595
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTION AND EDUCATION OF SINGLE SCULL ROW
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0323776
IRS990/NetAssetsOrFundBalancesEOYAmt0180123
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0323776
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0180123
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0404
IRS990/OfficeExpensesGrp/TotalAmt0404
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt085000
IRS990/OtherAssetsTotalGrp/EOYAmt085000
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2WEBSITE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06156
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1591
IRS990/OtherExpensesGrp/ProgramServicesAmt0500
IRS990/OtherExpensesGrp/TotalAmt06156
IRS990/OtherExpensesGrp/TotalAmt1591
IRS990/OtherExpensesGrp/TotalAmt2500
IRS990/OtherRevenueMiscGrp/Desc0GRANT INCOME
IRS990/OtherRevenueMiscGrp/Desc1STEWART PROGRAM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15250
IRS990/OtherRevenueTotalAmt055250
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01250
IRS990/PrincipalOfficerNm0DR SCOT FISHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0140000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0126164
IRS990/PYOtherRevenueAmt060268
IRS990/PYRevenuesLessExpensesAmt074104
IRS990/PYTotalExpensesAmt0126164
IRS990/PYTotalRevenueAmt0200268
IRS990/ReconcilationRevenueExpnssAmt0-143653
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0202511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0140000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0214864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0179806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0893131
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0131168
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58280
IRS990ScheduleA/PublicSupportPY170Pct00.60640
IRS990ScheduleA/PublicSupportTotal170Amt0520483
IRS990ScheduleA/SubstantialContributorsTotAmt0372648
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0202511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0140000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0214864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0179806
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0893131
IRS990ScheduleA/TotalSupportAmt0893131
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt085000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GOLD CHALLENGE CUP TROPHY
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 OM EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENMT 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 (3) YEARS FOR FEDERAL TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueOtherAssetsAmt085000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE PROVIDED 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 0 650 0 PRIZES & AWARDS 252,000 0 0 EVENT EXPENSES 97,134 0 0 SUPPLIES 11,050 0 0 FILING FEES 1,125 0 0 TOTAL 361,309 650 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2NJ
IRS990/StatesWhereCopyOfReturnIsFldCd3NY
IRS990/StatesWhereCopyOfReturnIsFldCd4MA
IRS990/StatesWhereCopyOfReturnIsFldCd5MD
IRS990/StatesWhereCopyOfReturnIsFldCd6TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0323776
IRS990/TotalAssetsEOYAmt0233089
IRS990/TotalAssetsGrp/BOYAmt0323776
IRS990/TotalAssetsGrp/EOYAmt0233089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0202511
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08926
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0392488
IRS990/TotalFunctionalExpensesGrp/TotalAmt0401414
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt052966
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt052966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323776
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0180123
IRS990/TotalProgramServiceExpensesAmt0392488
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0257761
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0323776
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0233089
IRS990/TravelGrp/ProgramServicesAmt029084
IRS990/TravelGrp/TotalAmt029084
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01149 W LANCASTER AVENUE SUITE U-3
IRS990/USAddress/CityNm0BRYN MAWR
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd0190102722
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.THEGOLDCUP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SCOT FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06102340090
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GOLD CHALLENGE CUP FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0GOLD
ReturnHeader/Filer/EIN0273083512
ReturnHeader/Filer/PhoneNum06102340090
ReturnHeader/Filer/USAddress/AddressLine1Txt01149 W LANCASTER AVENUE SUITE U-3
ReturnHeader/Filer/USAddress/CityNm0BRYN MAWR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0190102722
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT C JENKINS CPA
ReturnHeader/ReturnTs02023-08-14T08:20:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FISHER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$233,089
Liabilities
$52,966
Net assets
$180,123
Revenue
$257,761
Expenses
$401,414
Net income
-$143,653
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