Civic Intelligence

Challenge Foundation Arizona Inc

EIN 83-1349329 • 501(c)3 • Phoenix, AZ

Profile

Challenge foundation arizona was founded to help economically disadvantaged children attain college readiness & graduation through educational opportunities & holistic support from grades five through twelve, followed by continued support during the college years.

6300 North Central AvenuePhoenix, AZ 85012

www.thechallengefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

16th percentile

0.01x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.8%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Revenue Growth

52nd percentile

8.0%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Assets

Up

$5,196,802

Up $360,432 (+7.5%) from 2024

Liabilities

Down

$14,247

Down $17,745 (-55%) from 2024

Net Assets

Up

$5,182,555

Up $378,177 (+7.9%) from 2024

Revenue

Down

$1,095,582

Down $14,888 (-1.3%) from 2024

Expenses

Up

$778,647

Up $120,653 (+18%) from 2024

Net Income

Down

$316,935

Down $135,541 (-30%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $1,539,867Liabilities 2019: $257,287Net Assets 2019: $1,282,5802019Assets 2020: $631,667Liabilities 2020: $478,075Net Assets 2020: $153,5922020Assets 2021: $1,120,243Liabilities 2021: $78,679Net Assets 2021: $1,041,5642021Assets 2022: $4,077,717Liabilities 2022: $16,442Net Assets 2022: $4,061,2752022Assets 2023: $4,393,342Liabilities 2023: $41,464Net Assets 2023: $4,351,8782023Assets 2024: $4,836,370Liabilities 2024: $31,992Net Assets 2024: $4,804,3782024Assets 2025: $5,196,802Liabilities 2025: $14,247Net Assets 2025: $5,182,5552025

Highlighted filing

2025

Assets$5,196,802
Liabilities$14,247
Net Assets$5,182,555

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2019: $511,792Expenses 2019: $347,351Net Income 2019: $164,4412019Revenue 2020: $1,116,849Expenses 2020: $341,453Net Income 2020: $775,3962020Revenue 2021: $1,270,827Expenses 2021: $382,855Net Income 2021: $887,9722021Revenue 2022: $3,464,686Expenses 2022: $444,975Net Income 2022: $3,019,7112022Revenue 2023: $939,239Expenses 2023: $645,479Net Income 2023: $293,7602023Revenue 2024: $1,110,470Expenses 2024: $657,994Net Income 2024: $452,4762024Revenue 2025: $1,095,582Expenses 2025: $778,647Net Income 2025: $316,9352025

Highlighted filing

2025

Revenue$1,095,582
Expenses$778,647
Net Income$316,935

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Dec 4, 2025
Return Version
2024v5.2
Gross Receipts
$1,875,490
Mission and Program Overview

Mission

The challenge foundation arizona was founded to help economically disadvantaged children attain college readiness and graduation through educational opportunities and holistic support from grades six through twelve, followed by continued support during the college years.

To help economically disadvantaged children attain college readiness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,804,378$5,182,555▲ $378,177
Investments Program Related$2,806,840$2,433,880▼ $372,960
Investments in Publicly Traded Securities$1,742,528$2,039,072▲ $296,544
Cash and Non-Interest-Bearing Accounts$287,002$723,850▲ $436,848
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,836,370$5,196,802▲ $360,432
Liabilities
Accounts Payable and Accrued Expenses$12,639$11,955▼ $684
Other Liabilities$19,353$2,292▼ $17,061
Total Liabilities$31,992$14,247▼ $17,745
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,804,378$5,182,555▲ $378,177
Total Liabilities and Net Assets / Fund Balance$4,836,370$5,196,802▲ $360,432

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,433,880--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gene MyersPresident
Alan SmileyBoard Member
Ben Valore-caplanBoard Member
Erin VernerisBoard Member
John BirkelbachBoard Member
Kari DavisBoard Member
Latrice Lee McinerneyBoard Member
Mark LivingstonBoard Member
Mary Ellen DaltonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,007,509
Program Service Revenue
$0
Investment Income
$88,073
Other Revenue
$0
All Other Contributions
$1,007,509
Change in Net Assets
$316,935

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$150,382Fair Market Value (FMV)
Total Noncash Contributions2$150,382-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,359
Salaries, Compensation, and Employee Benefits$362,288
Total Fundraising Expense$22,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$310,597--$310,597
Fees for Services Management$24,996--$24,996
Payroll Taxes$23,774--$23,774
Other Expenses$62,609-$22,250$22,250
Other Employee Benefits$19,589--$19,589
Fees for Services Accounting-$15,653-$15,653
Office Expenses-$8,837-$8,837
Pension Plan Contributions$8,328--$8,328
All Other Expenses$7,825--$7,825
Insurance-$7,707-$7,707
Information Technology$6,107--$6,107
Travel$2,152$1,959-$4,111
Conferences and Meetings$892--$892
Total Functional Expenses$722,241$34,156$22,250$778,647
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Shared Board Officers and ExpensesAT MAY 31, 2025 CHALLENGE FOUNDATION ARIZONA OWED $ 182 TO THE CHALLENGE FOUNDATION IN COLORADO.No$182
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Payable$2,107
Due to Challenge Co$185
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is provided to the governing board members to review prior to filing the return.

Form 990, Part VI, Section B, Line 15A

The executive director's salary is reviewed and approved by the executive board.

Form 990, Part VI, Section C, Line 18

The board of directors determines whether the governing documents, conflict of interest policy, and financial statements are made available to the public.

Form 990, Part VI, Section C, Line 19

The board of directors determines whether the governing documents, conflict of interest policy, and financial statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
Challenge Foundation Arizona Inc
EIN
83-1349329
Phone
6026995829
Address
6300 NORTH CENTRAL AVENUE, PHOENIX, AZ 85012

Signing Officer

Name
Gene Myers
Title
President
Phone
6026995829
Signed
2025-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Myers
Formed
2018
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
60

Preparer

Firm
Riley & Co Pc
Address
7887 E BELLEVIEW AVE STE 1100, ENGLEWOOD, CO 80111
Preparer
David M Riley
Phone
3032282275
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0126918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt048941
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt095773
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0241988
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0514420
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt037400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt039774
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39790
IRS990ScheduleA/PublicSupportPY170Pct00.42290
IRS990ScheduleA/PublicSupportTotal170Amt01980617
IRS990ScheduleA/SubstantialContributorsTotAmt02442994
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01007509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01061529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0843466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0654672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0856435
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04423611
IRS990ScheduleA/TotalSupportAmt04977805
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/ScheduleBRequiredInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02433880
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0WILDCAT INVESTORS LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CHALLENGE CO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RETIREMENT PLAN PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt02433880
IRS990ScheduleD/TotalLiabilityAmt02292
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0THE CHALLENGE FOUNDATION COLORADO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SHARED BOARD OFFICERS AND EXPENSES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0182
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0AT MAY 31, 2025 CHALLENGE FOUNDATION ARIZONA OWED $ 182 TO THE CHALLENGE FOUNDATION IN COLORADO.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0150382
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS PROVIDED TO THE GOVERNING BOARD MEMBERS TO REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES WHETHER THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES WHETHER THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04836370
IRS990/TotalAssetsEOYAmt05196802
IRS990/TotalAssetsGrp/BOYAmt04836370
IRS990/TotalAssetsGrp/EOYAmt05196802
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01007509
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022250
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0722241
IRS990/TotalFunctionalExpensesGrp/TotalAmt0778647
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031992
IRS990/TotalLiabilitiesEOYAmt014247
IRS990/TotalLiabilitiesGrp/BOYAmt031992
IRS990/TotalLiabilitiesGrp/EOYAmt014247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04804378
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05182555
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0722241
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt088073
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01095582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04836370
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05196802
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01959
IRS990/TravelGrp/ProgramServicesAmt02152
IRS990/TravelGrp/TotalAmt04111
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06300 N CENTRAL AVE
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085012
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.THECHALLENGEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GENE MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06026995829
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHALLENGE FOUNDATION ARIZONA INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAL
ReturnHeader/Filer/EIN0831349329
ReturnHeader/Filer/PhoneNum06026995829
ReturnHeader/Filer/USAddress/AddressLine1Txt06300 NORTH CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085012
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461436348
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RILEY & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07887 E BELLEVIEW AVE STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080111

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