Civic Intelligence

The Charlou Foundation

990 • Fiscal year 2023 • EIN 83-2200839

Jun 01, 2022 to May 31, 2023 • Filed on Mar 19, 2024

Organization ProfileWWW.THECHALLENGEFOUNDATION.ORG
36 Charlou CircleCherry Hills Village, CO 80111

(720) 203-8888

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

3rd percentile

-105%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

53%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$19,413,894

Down $2,367,567 (-11%) from 2022

Net Assets

Down

$19,413,894

Down $2,367,567 (-11%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin3rd percentile

Revenue

Up

$1,637,476

Up $564,359 (+53%) from 2022

Expenses

Up

$3,349,966

Up $3,291,336 (+5614%) from 2022

Net Income

Down

-$1,712,490

Down $2,726,977 (-269%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$30M$20M$10M$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $20,749,650Liabilities 2020: $0Net Assets 2020: $20,749,6502020Assets 2021: $20,532,198Liabilities 2021: $0Net Assets 2021: $20,532,1982021Assets 2022: $21,781,461Liabilities 2022: $0Net Assets 2022: $21,781,4612022Assets 2023: $19,413,894Liabilities 2023: $0Net Assets 2023: $19,413,8942023Assets 2024: $23,439,500Liabilities 2024: $0Net Assets 2024: $23,439,5002024Assets 2025: $24,516,714Liabilities 2025: $0Net Assets 2025: $24,516,7142025

Highlighted filing

2023

Assets$19,413,894
Liabilities$0
Net Assets$19,413,894
Open 2023 Filing

Operations Trend

Revenue Growth88th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $483,432Expenses 2020: $43,842Net Income 2020: $439,5902020Revenue 2021: -$259,209Expenses 2021: $44,003Net Income 2021: -$303,2122021Revenue 2022: $1,073,117Expenses 2022: $58,630Net Income 2022: $1,014,4872022Revenue 2023: $1,637,476Expenses 2023: $3,349,966Net Income 2023: -$1,712,4902023Revenue 2024: $3,907,167Expenses 2024: $66,198Net Income 2024: $3,840,9692024Revenue 2025: $1,025,901Expenses 2025: $261,729Net Income 2025: $764,1722025

Highlighted filing

2023

Revenue$1,637,476
Expenses$3,349,966
Net Income-$1,712,490
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Mar 19, 2024
Return Version
2022v5.0
Gross Receipts
$1,896,056
Mission and Program Overview

Mission

The primary purpose of the organization shall be to support and benefit the programs and strategic initiatives of the challenge foundation inc and the challenge foundation arizona inc, both type iii functionally integrated supported 501(c)(3) organizations.

The primary purpose of the organization shall be to support and benefit the programs and strategic initiatives of the challenge foundation and the challenge foundation arizona inc, both 501(c)(3) entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,555,000$7,605,000▲ $50,000
Investments in Publicly Traded Securities$5,111,663$5,948,198▲ $836,535
Investments Other Securities$7,398,890$4,945,751▼ $2,453,139
Savings and Temporary Cash Investments$456,561$592,630▲ $136,069
Cash and Non-Interest-Bearing Accounts$1,259,347$322,315▼ $937,032
Total Assets$21,781,461$19,413,894▼ $2,367,567
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,566,580$19,413,894▲ $847,314
Net Assets With Donor Restrictions$3,214,881$0▼ $3,214,881
Total Net Assets Fund Balance$21,781,461$19,413,894▼ $2,367,567
Total Liabilities and Net Assets / Fund Balance$21,781,461$19,413,894▼ $2,367,567

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,047,375--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Arthur D McfallPresident
Janis McfallVice President
Allen AndersonBoard Member
Gene MyersBoard Member
William SchaeferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,201,338
Other Revenue
$436,138
Change in Net Assets
$-1,712,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,296,230
Other Expenses$53,736
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,296,230--$3,296,230
Fees for Services Accounting-$34,450-$34,450
Fees for Service Investment Mgmnt Fees-$18,067-$18,067
Insurance-$1,024-$1,024
Other Expenses-$195-$195
Total Functional Expenses$3,296,230$53,736$0$3,349,966
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Challenge Foundation IncEnglewood, CO501(c)(3)Transfer Child Care Investments$3,296,230
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Arthur d mcfall, president janis mcfall, vice president husband and wife”

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 C, Line 18

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

Filing and Contact Details

Filer

Filer Name
The Charlou Foundation
EIN
83-2200839
Phone
7202038888
Address
36 CHARLOU CIRCLE, CHERRY HILLS VILLAGE, CO 80111

Signing Officer

Name
Arthur Mcfall
Title
President
Phone
7202038888
Signed
2024-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur D Mcfall
Formed
2018
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

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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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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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ARTHUR D MCFALL, PRESIDENT JANIS MCFALL, VICE PRESIDENT HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO THE GOVERNING BOARD MEMBERS TO REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES WHETHER THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES WHETHER THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt019413894
IRS990/TotalAssetsGrp/BOYAmt021781461
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-2708
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IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080111
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THECHALLENGEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARTHUR MCFALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07202038888
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CHARLOU FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0832200839
ReturnHeader/Filer/PhoneNum07202038888
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ReturnHeader/Filer/USAddress/CityNm0CHERRY HILLS VILLAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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
ReturnHeader/PreparerPersonGrp/PhoneNum03032282275
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M RILEY
ReturnHeader/ReturnTs02024-03-25T16:34:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARTHUR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCFALL
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$19,413,894
Liabilities
$0
Net assets
$19,413,894
Revenue
$1,637,476
Expenses
$3,349,966
Net income
-$1,712,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.5$0.00$24.5$1.03$0.26$0.76
2024Detailed filing. Detailed filing data is available for this year.$23.4$0.00$23.4$3.91$0.07$3.84
2023Detailed filing. Detailed filing data is available for this year.$19.4$0.00$19.4$1.64$3.35$1.71
2022Detailed filing. Detailed filing data is available for this year.$21.8$0.00$21.8$1.07$0.06$1.01
2021Detailed filing. Detailed filing data is available for this year.$20.5$0.00$20.5$0.26$0.04$0.30
2020Summary only. Only limited summary data is available for this year.$20.7$0.00$20.7$0.48$0.04$0.44
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00