Civic Intelligence

Fiscal Challenge Inc.

990EZ • Fiscal year 2023 • EIN 47-2061726

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 26, 2024

Organization ProfileFISCAL CHALLENGE.ORG
115 Tuckers Pond DriveChapel Hill, NC 27516

(917) 613-8558

Siviq Scores

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

Liabilities / Assets

86th percentile

0.18x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.08x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Net Margin

72nd percentile

30%

Higher net margin than 72% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

255%

Faster asset growth than 96% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

62%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$55,602

Up $39,925 (+255%) from 2022

Net Assets

Up

$45,805

Up $4,587 (+11%) from 2022

Liabilities

Up

$9,797

Up $9,797 from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin72nd percentile

Revenue

Up

$125,000

Up $48,000 (+62%) from 2022

Expenses

Up

$87,573

Up $10,573 (+14%) from 2022

Net Income

Up

$37,427

Up $37,427 from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$80K$60K$40K$20K$0Assets 2022: $15,677Liabilities 2022: $0Net Assets 2022: $41,2182022Assets 2023: $55,602Liabilities 2023: $9,797Net Assets 2023: $45,8052023Assets 2024: $68,043Net Assets 2024: $68,1852024

Highlighted filing

2023

Assets$55,602
Liabilities$9,797
Net Assets$45,805
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

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

$150K$100K$50K$0Revenue 2022: $77,000Expenses 2022: $77,000Net Income 2022: $02022Revenue 2023: $125,000Expenses 2023: $87,573Net Income 2023: $37,4272023Revenue 2024: $120,672Expenses 2024: $108,089Net Income 2024: $12,5832024

Highlighted filing

2023

Revenue$125,000
Expenses$87,573
Net Income$37,427
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 26, 2024
Return Version
2023v5.0
Gross Receipts
$125,000
Mission and Program Overview

Mission

Educational non profit focused on promoting fiscal responsibility among college students

Program Services

DescriptionGrantsExpenses
Annual event$125,000$87,573
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike AguilarPresident-$0--
Filing and Contact Details

Filer

Filer Name
Fiscal Challenge Inc
EIN
47-2061726
Phone
9176138558
Address
115 Tuckers Pond Drive, Chapel Hill, NC 27516

Signing Officer

Name
Mike Aguilar
Title
President
Phone
9176138558
Signed
2024-03-26

Preparer

Preparer
Kathryn Elizabeth Watson
Phone
9194072707
Supplemental Narrative

Additional Explanations

Part I, Line 20

“Record prior year liability for credit card balance of $4,573 and credit balance of $2,726 for personal loan from Mike Aguilar, president, to cover expenses while waiting on grant funds.”

Part II, Line 26

“2022: credit card balance $4,573; loan from president Mike Aguilar - credit balance of $2,726 2023: credit card balance $4,138; loan from president Mike Aguilar - credit balance of $5,659”

Raw XML Appendix149 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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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0This return is filed late in error. I, the preparer, thought the President had filed, and the President thought I, preparer, had filed. Though we communicated by email a great deal to ensure this return was prepared accurately and completely, my lack of experience with the e-filing software and a miscommunication resulted in the return sitting, prepared and signed, but not e-filed. It is my first year preparing the return for this non-profit, and as the preparer I realize now that I should have taken the final step to log back in and see the filing completed. In the future, I will ensure that I obtain a copy, signed and filed, of every return I help to prepare to avoid any misunderstanding that could result in such a serious error. As Fiscal Challenge has always filed timely and will always file timely going forward, we ask that you please waive the penalty for late filing this 5/15/24 990EZ.
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mike Aguilar
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09176138558
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FISCAL CHALLENGE INC
ReturnHeader/Filer/BusinessNameControlTxt0FISC
ReturnHeader/Filer/EIN0472061726
ReturnHeader/Filer/PhoneNum09176138558
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 Tuckers Pond Drive
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/PreparerPersonGrp/PhoneNum09194072707
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathryn Elizabeth Watson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-25T02:04:49Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,602
Liabilities
$9,797
Net assets
$45,805
Revenue
$125,000
Expenses
$87,573
Net income
$37,427
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.68$1.21$1.08$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.10$0.46$1.25$0.88$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.41$0.77$0.77$0.00