Civic Intelligence

The Challenge Foundation Inc

990 • Fiscal year 2019 • EIN 84-1480014

Jun 01, 2018 to May 31, 2019 • Filed on Feb 01, 2020

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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$20,093,951

Down $386,938 (-1.9%) from 2018

Net Assets

Down

$20,050,717

Down $386,426 (-1.9%) from 2018

Liabilities

Down

$43,234

Down $512 (-1.2%) from 2018

Revenue

Down

$2,501,506

Down $946,009 (-27%) from 2018

Expenses

Down

$1,647,431

Down $261,217 (-14%) from 2018

Net Income

Down

$854,075

Down $684,792 (-44%) from 2018

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

2019

Assets$20,093,951
Liabilities$43,234
Net Assets$20,050,717

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

2019

Revenue$2,501,506
Expenses$1,647,431
Net Income$854,075
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Feb 1, 2020
Return Version
2018v3.1
Gross Receipts
$2,501,506
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
Investments in Publicly Traded Securities$4,814,614$15,273,726▲ $10,459,112
Other Notes and Loans Receivable, Net$9,000,000--
Investments Other Securities$3,531,516$4,351,062▲ $819,546
Savings and Temporary Cash Investments$1,968,940--
Cash and Non-Interest-Bearing Accounts$1,119,102$166,794▼ $952,308
Prepaid Expenses and Deferred Charges$37,558$35,606▼ $1,952
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$20,480,889$20,093,951▼ $386,938
Other Assets Total$9,159$266,763▲ $257,604
Liabilities
Accounts Payable and Accrued Expenses$43,746$43,234▼ $512
Total Liabilities$43,746$43,234▼ $512
Net Assets / Fund Balance
Unrestricted Net Assets$16,927,027$16,893,429▼ $33,598
Temporarily Rstr Net Assets$3,510,116$3,157,288▼ $352,828
Total Net Assets Fund Balance$20,437,143$20,050,717▼ $386,426
Total Liabilities and Net Assets / Fund Balance$20,480,889$20,093,951▼ $386,938

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$39,915$39,915
Other Securities$750,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arthur D McfallPresident
Janis McfallVice President
Alan SmileyBoard Member
Amit MrigBoard Member
Bill BarrettBoard Member
Bill FortuneBoard Member
Brandon JundtBoard Member
Catherine LaskeyBoard Member
Gene MyersBoard Member
Gretchen MclaughlinBoard Member
Janessa BillerBoard Member
Jason MundyBoard Member
Jim BrownlieBoard Member
Josh CobbBoard Member
Kerron StokesBoard Member
Latrice LeeBoard Member
Laurie StakyBoard Member
Marie JohnsonBoard Member
Matt OsbourneBoard Member
Nora GoldenBoard Member
Zane WayBoard Member
Sumant BhatBoard Memebr
William SchaeferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,872,702
Program Service Revenue
$0
Investment Income
$628,804
Other Revenue
$0
All Other Contributions
$1,872,702
Change in Net Assets
$854,075

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$69,263Fair Market Value (FMV)
Total Noncash Contributions1$69,263-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$856,680
Other Expenses$424,946
Salaries, Compensation, and Employee Benefits$365,805
Total Fundraising Expense$39,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$856,680--$856,680
Other Salaries and Wages$317,760--$317,760
All Other Expenses$41,118$26,143-$67,261
Travel$51,669$3,618-$55,287
Other Expenses$48,047-$39,300$39,300
Other Employee Benefits$24,430--$24,430
Payroll Taxes$23,615--$23,615
Fees for Services Accounting-$18,424-$18,424
Insurance-$13,599-$13,599
Fees for Service Investment Mgmnt Fees-$11,966-$11,966
Office Expenses$9,472--$9,472
Information Technology$6,113--$6,113
Conferences and Meetings$865--$865
Total Functional Expenses$1,534,381$73,750$39,300$1,647,431
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 OfficersFunds TranserNo$1,119,101
-Shared Board OfficersIntero-company ReceivableNo$257,287
-Shared Board OfficersPayroll SharingNo$198,345
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, Part VI, Section A, Line 2

Arthur d. Mcfall - president janis mcfall - secretary 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 B, Line 15A

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

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 Challenge Foundation Inc
EIN
84-1480014
Phone
7202038888
Address
36 CHARLOU CIRCLE, ENGLEWOOD, CO 80111

Signing Officer

Name
Arthur D Mcfall
Title
President
Phone
7202038888
Signed
2020-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur D Mcfall
Formed
1998
Legal Domicile
Co
Voting Board Members
23
Independent Board Members
23
Employees
11
Volunteers
125

Preparer

Firm
Wipfli Llp
Address
7887 E BELLEVIEW AVE SUITE 700, DENVER, CO 80111
Preparer
Robert E Fabry CPA
Phone
3037590089
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Funds transfered to challenge foundation arizona -1,119,101.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMEBR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
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IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
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IRS990/IRPDocumentCnt011
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020437143
IRS990/NetAssetsOrFundBalancesEOYAmt020050717
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt024033
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt024033
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-121400
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt069263
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt09472
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09159
IRS990/OtherAssetsTotalGrp/EOYAmt0266763
IRS990/OtherChangesInNetAssetsAmt0-1119101
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024430
IRS990/OtherExpensesGrp/Desc0STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc1SUMMER PROGRAM
IRS990/OtherExpensesGrp/Desc2FAMILY SUPPORT
IRS990/OtherExpensesGrp/Desc3FUNDRAISING/DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt039300
IRS990/OtherExpensesGrp/ProgramServicesAmt096944
IRS990/OtherExpensesGrp/ProgramServicesAmt157668
IRS990/OtherExpensesGrp/ProgramServicesAmt248047
IRS990/OtherExpensesGrp/TotalAmt096944
IRS990/OtherExpensesGrp/TotalAmt157668
IRS990/OtherExpensesGrp/TotalAmt248047
IRS990/OtherExpensesGrp/TotalAmt339300
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0317760
IRS990/OtherSalariesAndWagesGrp/TotalAmt0317760
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09000000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt023615
IRS990/PayrollTaxesGrp/TotalAmt023615
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037558
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035606
IRS990/PrincipalOfficerNm0ARTHUR D MCFALL
IRS990/ProfessionalFundraisingInd00
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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0620033
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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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0856680
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportOtherAssetsInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02259704
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01914126
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0770020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0660873
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01309718
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04342015
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01914126
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09543222
IRS990ScheduleA/TotalSupportAmt013885237
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039915

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