Civic Intelligence

The Challenge Foundation Inc

990 • Fiscal year 2020 • EIN 84-1480014

Jun 01, 2019 to May 31, 2020 • Filed on Feb 06, 2021

Organization ProfileWWW.THECHALLENGEFOUNDATION.ORG
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

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.10x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-92%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-52%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$1,660,590

Down $18,433,361 (-92%) from 2019

Net Assets

Down

$1,544,499

Down $18,506,218 (-92%) from 2019

Liabilities

Up

$116,091

Up $72,857 (+169%) from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin13th percentile

Revenue

Down

$1,206,371

Down $1,295,135 (-52%) from 2019

Expenses

Down

$1,528,579

Down $118,852 (-7.2%) from 2019

Net Income

Down

-$322,208

Down $1,176,283 (-138%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

2020

Assets$1,660,590
Liabilities$116,091
Net Assets$1,544,499
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

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

2020

Revenue$1,206,371
Expenses$1,528,579
Net Income-$322,208
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Feb 6, 2021
Return Version
2019v5.2
Gross Receipts
$1,206,371
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 Other Securities$4,351,062--
Investments in Publicly Traded Securities$15,273,726$704,860▼ $14,568,866
Cash and Non-Interest-Bearing Accounts$166,794$461,993▲ $295,199
Prepaid Expenses and Deferred Charges$35,606$48,191▲ $12,585
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$20,093,951$1,660,590▼ $18,433,361
Other Assets Total$266,763$445,546▲ $178,783
Liabilities
Accounts Payable and Accrued Expenses$43,234$116,091▲ $72,857
Total Liabilities$43,234$116,091▲ $72,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,893,429$19,345,857▲ $2,452,428
Net Assets With Donor Restrictions$3,157,288$704,860▼ $2,452,428
Total Net Assets Fund Balance$20,050,717$1,544,499▼ $18,506,218
Total Liabilities and Net Assets / Fund Balance$20,093,951$1,660,590▼ $18,433,361

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$39,915$39,915
Other Assets Org$436,070--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Arthur D McfallPresident
Alan SmileyBoard Member
Bill BarrettBoard Member
Bill CloughBoard 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
Karen ChavezBoard Member
Kerron StokesBoard Member
Latrice LeeBoard Member
Laurie StakyBoard Member
Marie JohnsonBoard Member
Matt OsbourneBoard Member
Nora GoldenBoard Member
Zane WayBoard Member
Geoff BabbittBoard Memebr
William SchaeferTreasurer
Janis McfallVice Presidnet
Revenue and Support

Revenue Composition

Contributions and Grants
$1,188,922
Program Service Revenue
$0
Investment Income
$17,449
Other Revenue
$0
All Other Contributions
$1,188,922
Change in Net Assets
$-322,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$776,377
Other Expenses$378,331
Salaries, Compensation, and Employee Benefits$373,871
Total Fundraising Expense$25,180
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$776,377--$776,377
Other Salaries and Wages$320,325--$320,325
All Other Expenses$50,541$13,454-$63,995
Travel$38,221$2,063-$40,284
Other Employee Benefits$29,660--$29,660
Other Expenses$46,281-$25,180$25,180
Payroll Taxes$23,886--$23,886
Fees for Services Accounting-$20,784-$20,784
Insurance-$13,750-$13,750
Office Expenses$7,220--$7,220
Information Technology$5,258--$5,258
Conferences and Meetings$827--$827
Total Functional Expenses$1,453,348$50,051$25,180$1,528,579
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 TransferNo$18,183,185
-Shared Board OfficersIntero-company ReceivableNo$436,070
-Shared Board OfficersPayroll SharingNo$200,569
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 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
2021-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur D Mcfall
Formed
1998
Legal Domicile
Co
Voting Board Members
24
Independent Board Members
24
Employees
9
Volunteers
140

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 transferred to the charlou foundation -18,183,185.”

Raw XML AppendixShowing 400 of 547 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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IRS990/Desc0PROJECT CHALLENGE:PROJECT CHALLENGE WAS A SUMMER PROGRAM HELD AT ST. MARY'S ACADEMY FOR SIX WEEKS. A NUMBER OF ELEMENTARY SCHOOLS WERE SELECTED AS RESOURCES FOR THE SUMMER PROGRAM AND WERE WILLING PARTICIPANTS IN TAKING AN ACTIVE ROLE TO IDENTIFY AND RECRUIT STUDENTS. THESE STUDENTS MUST HAVE HAD ACADEMIC POTENTIAL FOR SUCCESS IN TOP COLLEGE PREP HIGH SCHOOLS. THE SUMMER SCHOOL STAFF CONSISTED OF FOUR MASTER TEACHERS AND FOUR CO-TEACHERS FOR THE SUMMER PROGRAM. ENROLLMENT ACCOMMODATED 40 STUDENTS, WHICH PROVIDED THE INDIVIDUAL ATTENTION AND A LOW STUDENT TEACHER RATIO (FIVE TO ONE APPROXIMATELY). THE SIX WEEKS CONSISTED OF A DAILY SCHEDULE CONCENTRATING ON THE CORE COURSES OF LANGUAGE ARTS, MATH, SCIENCE AND COMPUTERS, SPECIAL 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/TitleTxt5BOARD MEMEBR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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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/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
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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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherExpensesGrp/ProgramServicesAmt096975
IRS990/OtherExpensesGrp/ProgramServicesAmt157777
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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 69 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/ScheduleBRequiredInd01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,660,590
Liabilities
$116,091
Net assets
$1,544,499
Revenue
$1,206,371
Expenses
$1,528,579
Net income
-$322,208
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