Civic Intelligence

The Challenge Foundation Inc

990 • Fiscal year 2017 • EIN 84-1480014

Jun 01, 2016 to May 31, 2017 • Filed on Dec 11, 2017

36 Charlou CircleEnglewood, CO 80111

(720) 203-8888

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.01x

Higher debt load relative to revenue than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

66th percentile

9.3%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

68%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$19,235,626

Up $1,631,454 (+9.3%) from 2016

Net Assets

Up

$19,212,148

Up $1,627,077 (+9.3%) from 2016

Liabilities

Up

$23,478

Up $4,377 (+23%) from 2016

Revenue

Up

$3,036,597

Up $1,225,832 (+68%) from 2016

Expenses

Down

$1,773,069

Down $149,064 (-7.8%) from 2016

Net Income

Up

$1,263,528

Up $1,374,896 (+1235%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $12,373,931Liabilities 2011: $6,377Net Assets 2011: $12,367,5542011Assets 2012: $11,791,184Liabilities 2012: $6,238Net Assets 2012: $11,784,9462012Assets 2013: $14,707,376Liabilities 2013: $8,034Net Assets 2013: $14,699,3422013Assets 2014: $16,339,475Liabilities 2014: $7,516Net Assets 2014: $16,331,9592014Assets 2015: $17,806,817Liabilities 2015: $17,552Net Assets 2015: $17,789,2652015Assets 2016: $17,604,172Liabilities 2016: $19,101Net Assets 2016: $17,585,0712016Assets 2017: $19,235,626Liabilities 2017: $23,478Net Assets 2017: $19,212,1482017Assets 2018: $20,480,889Liabilities 2018: $43,746Net Assets 2018: $20,437,1432018Assets 2019: $20,093,951Liabilities 2019: $43,234Net Assets 2019: $20,050,7172019Assets 2020: $1,660,590Liabilities 2020: $116,091Net Assets 2020: $1,544,4992020Assets 2021: $1,818,797Liabilities 2021: $46,180Net Assets 2021: $1,772,6172021Assets 2022: $2,347,047Liabilities 2022: $55,277Net Assets 2022: $2,291,7702022Assets 2023: $5,661,885Liabilities 2023: $68,435Net Assets 2023: $5,593,4502023Assets 2024: $5,745,131Liabilities 2024: $50,557Net Assets 2024: $5,694,5742024Assets 2025: $5,434,171Liabilities 2025: $24,521Net Assets 2025: $5,409,6502025

Highlighted filing

2017

Assets$19,235,626
Liabilities$23,478
Net Assets$19,212,148

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,455,6242011Expenses 2012: $1,300,3682012Expenses 2013: $1,744,2272013Revenue 2014: $3,621,444Expenses 2014: $1,858,034Net Income 2014: $1,763,4102014Revenue 2015: $3,575,916Expenses 2015: $2,062,672Net Income 2015: $1,513,2442015Revenue 2016: $1,810,765Expenses 2016: $1,922,133Net Income 2016: -$111,3682016Revenue 2017: $3,036,597Expenses 2017: $1,773,069Net Income 2017: $1,263,5282017Revenue 2018: $3,447,515Expenses 2018: $1,908,648Net Income 2018: $1,538,8672018Revenue 2019: $2,501,506Expenses 2019: $1,647,431Net Income 2019: $854,0752019Revenue 2020: $1,206,371Expenses 2020: $1,528,579Net Income 2020: -$322,2082020Revenue 2021: $1,562,031Expenses 2021: $1,333,913Net Income 2021: $228,1182021Revenue 2022: $1,824,431Expenses 2022: $1,305,278Net Income 2022: $519,1532022Revenue 2023: $5,010,246Expenses 2023: $1,642,014Net Income 2023: $3,368,2322023Revenue 2024: $1,920,617Expenses 2024: $1,717,129Net Income 2024: $203,4882024Revenue 2025: $1,612,896Expenses 2025: $1,974,034Net Income 2025: -$361,1382025

Highlighted filing

2017

Revenue$3,036,597
Expenses$1,773,069
Net Income$1,263,528
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$3,054,724
Mission and Program Overview

Mission

The challenge foundation 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. The challenge foundation supports a six-week summer program for students entering grades six through nine. This program provides additional classroom work, tutoring, mentoring, and extracurricular opportunities to help students make the transition to a rigorous college prep school.

To help economically disadvantaged children attain college readiness

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,010,052$9,915,975▲ $905,923
Investments Other Securities$2,857,047$4,663,158▲ $1,806,111
Investments in Publicly Traded Securities$4,854,457$3,624,984▼ $1,229,473
Savings and Temporary Cash Investments$445,660$646,963▲ $201,303
Cash and Non-Interest-Bearing Accounts$392,091$295,683▼ $96,408
Prepaid Expenses and Deferred Charges$34,000$79,532▲ $45,532
Land, Buildings, and Equipment, Net$1,706$172▼ $1,534
Total Assets$17,604,172$19,235,626▲ $1,631,454
Other Assets Total$9,159$9,159→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,101$23,478▲ $4,377
Total Liabilities$19,101$23,478▲ $4,377
Net Assets / Fund Balance
Unrestricted Net Assets$14,698,120$15,834,771▲ $1,136,651
Temporarily Rstr Net Assets$2,886,951$3,377,377▲ $490,426
Total Net Assets Fund Balance$17,585,071$19,212,148▲ $1,627,077
Total Liabilities and Net Assets / Fund Balance$17,604,172$19,235,626▲ $1,631,454

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$172$39,743$39,915
Other Securities$450,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arthur D McfallPresident
Alan SmileyBoard Member
Amit MrigBoard Member
Bill BarrettBoard Member
Bill FortuneBoard Member
Brandon JundtBoard Member
Catherine LaskeyBoard Member
Dudley MortonBoard Member
Gene MyersBoard Member
Jason MundyBoard Member
Jim BrownlieBoard Member
Kerron StokesBoard Member
Latrice LeeBoard Member
Laurie StakyBoard Member
Marie JohnsonBoard Member
Matt OsbourneBoard Member
Nora GoldenBoard Member
Zane WayBoard Member
Melissa KilbournBoard Memebr
William SchaeferTreasurer
Janis McfallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,259,704
Program Service Revenue
$0
Investment Income
$776,893
Other Revenue
$0
All Other Contributions
$2,259,704
Change in Net Assets
$1,263,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$819,117
Salaries, Compensation, and Employee Benefits$512,703
Other Expenses$441,249
Total Fundraising Expense$45,614
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$819,117--$819,117
Other Salaries and Wages$455,993--$455,993
All Other Expenses$55,122$19,064-$74,186
Travel$63,724$3,320-$67,044
Other Employee Benefits$31,166--$31,166
Payroll Taxes$25,544--$25,544
Other Expenses$19,701-$45,614$19,701
Fees for Services Accounting-$17,988-$17,988
Office Expenses$12,902--$12,902
Insurance-$8,018-$8,018
Information Technology$3,317--$3,317
Conferences and Meetings$2,544--$2,544
Depreciation Depletion$1,534--$1,534
Total Functional Expenses$1,679,065$48,390$45,614$1,773,069
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 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, Page 6, Part VI, Line 2

Arthur d. Mcfall janis mcfall president secretary husband and wife

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, 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 Challenge Foundation Inc
EIN
84-1480014
Phone
7202038888
Address
36 CHARLOU CIRCLE, ENGLEWOOD, CO 80111

Signing Officer

Name
Arthur D Mcfall
Title
President
Phone
3037210119
Signed
2017-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur D Mcfall
Formed
1998
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
21
Employees
6
Volunteers
75

Preparer

Firm
Bauerle and Company Pc
Address
7887 E BELLEVIEW AVE STE 700, DENVER, CO 80111-6021
Preparer
Robert E Fabry CPA
Phone
3037590089
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The challenge foundation 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. The challenge foundation supports a six-week summer program for students entering grades six through nine. This program provides additional classroom work, tutoring, mentoring, and extracurricular opportunities to help students make the transition to a rigorous college prep school.

Form 990, Page 2, Part III, Line 4A

Activities included workshops, athletics, field trips, college visits and career day throughout the business community. Community service and the graduation ceremony were also important elements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
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IRS990/MissionDesc0THE CHALLENGE FOUNDATION 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. THE CHALLENGE FOUNDATION SUPPORTS A SIX-WEEK SUMMER PROGRAM FOR STUDENTS ENTERING GRADES SIX THROUGH NINE. THIS PROGRAM PROVIDES ADDITIONAL CLASSROOM WORK, TUTORING, MENTORING, AND EXTRACURRICULAR OPPORTUNITIES TO HELP STUDENTS MAKE THE TRANSITION TO A RIGOROUS COLLEGE PREP SCHOOL.
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IRS990/PrincipalOfficerNm0ARTHUR D MCFALL
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IRS990/ProgSrvcAccomActy2Grp/Desc0TUTORING AND MENTORING: THE PROGRAM FLOURISHED DURING THE SCHOOL YEAR WITH ONCE A WEEK TUTORING AND INDIVIDUAL MENTORING. STUDENTS PARTICIPATED IN THE SUMMER PROGRAM AND RECEIVED TUTORING THROUGHOUT THE SCHOOL YEAR AT COLLEGE PREP HIGH SCHOOLS. INTERESTED MEN AND WOMEN FROM THE PROFESSIONAL AND BUSINESS COMMUNITY SERVED AS MENTORS TO THE INDIVIDUAL STUDENTS THROUGHOUT THE YEAR. THEY PROVIDED ENCOURAGEMENT AND ENRICHMENT TO THE STUDENTS IN THEIR ACADEMIC AND SOCIAL SKILLS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS: WITH SUCCESSFUL PARTICIPATION IN THE SUMMER PROGRAM AND YEAR ROUND ACADEMIC SUCCESS, STUDENTS WILL BE ELIGIBLE FOR SCHOLARSHIPS TO A COLLEGE PREP HIGH SCHOOL AND MIDDLE SCHOOL. THIS INSURES THE MISSION OF THE FOUNDATION OF HELPING DISADVANTAGED YOUTH ACHIEVE ACADEMIC SUCCESS AND BECOME CANDIDATES FOR COLLEGE ADMISSION. THE CHALLENGE FOUNDATION WILL IMPACT APPROXIMATELY SIXTY-SEVEN MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS OPERATING ON AN ANNUAL BUDGET OF APPROXIMATELY 1,500,000 PER YEAR. ITS UNIQUE MISSION IS TO FOLLOW THE SELECTED CHILDREN FROM SIXTH GRADE THROUGH COLLEGE.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0TIMBERLINE FUND LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1NORTHWESTERN MUTUAL CSV LIFE INS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2SOUTHEAST LAND INVESTORS LLC
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS-COLO ACADEMY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.43$0.02$5.41$1.61$1.97$0.36
2024Detailed filing. Detailed filing data is available for this year.$5.75$0.05$5.69$1.92$1.72$0.20
2023Detailed filing. Detailed filing data is available for this year.$5.66$0.07$5.59$5.01$1.64$3.37
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.06$2.29$1.82$1.31$0.52
2021Detailed filing. Detailed filing data is available for this year.$1.82$0.05$1.77$1.56$1.33$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.12$1.54$1.21$1.53$0.32
2019Detailed filing. Detailed filing data is available for this year.$20.1$0.04$20.1$2.50$1.65$0.85
2018Detailed filing. Detailed filing data is available for this year.$20.5$0.04$20.4$3.45$1.91$1.54
2017Detailed filing. Detailed filing data is available for this year.$19.2$0.02$19.2$3.04$1.77$1.26
2016Detailed filing. Detailed filing data is available for this year.$17.6$0.02$17.6$1.81$1.92$0.11
2015Detailed filing. Detailed filing data is available for this year.$17.8$0.02$17.8$3.58$2.06$1.51
2014Detailed filing. Detailed filing data is available for this year.$16.3$0.01$16.3$3.62$1.86$1.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.01$14.7$1.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.01$11.8$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.01$12.4$1.46