Civic Intelligence

The Challenge Foundation Inc

990 • Fiscal year 2023 • EIN 84-1480014

Jun 01, 2022 to May 31, 2023 • Filed on Feb 14, 2024

Organization ProfileWWW.THECHALLENGEFOUNDATION.ORG

View Organization Page

4545 S University BlvdEnglewood, CO 80113

(720) 203-8888

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

96th percentile

141%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

175%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$5,661,885

Up $3,314,838 (+141%) from 2022

Net Assets

Up

$5,593,450

Up $3,301,680 (+144%) from 2022

Liabilities

Up

$68,435

Up $13,158 (+24%) from 2022

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin94th percentile

Revenue

Up

$5,010,246

Up $3,185,815 (+175%) from 2022

Expenses

Up

$1,642,014

Up $336,736 (+26%) from 2022

Net Income

Up

$3,368,232

Up $2,849,079 (+549%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2023

Assets$5,661,885
Liabilities$68,435
Net Assets$5,593,450
Open 2023 Filing

Operations Trend

Revenue Growth95th 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

2023

Revenue$5,010,246
Expenses$1,642,014
Net Income$3,368,232
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Feb 14, 2024
Return Version
2022v5.0
Gross Receipts
$5,010,246
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$750,000$4,042,040▲ $3,292,040
Investments in Publicly Traded Securities$250,751$1,088,546▲ $837,795
Cash and Non-Interest-Bearing Accounts$1,302,800$494,734▼ $808,066
Land, Buildings, and Equipment, Net$15,457$11,924▼ $3,533
Prepaid Expenses and Deferred Charges$18,250$3,609▼ $14,641
Total Assets$2,347,047$5,661,885▲ $3,314,838
Other Assets Total$9,789$21,032▲ $11,243
Liabilities
Accounts Payable and Accrued Expenses$48,422$68,435▲ $20,013
Other Liabilities$6,855$0▼ $6,855
Total Liabilities$55,277$68,435▲ $13,158
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,000,751$4,019,509▲ $3,018,758
Net Assets Without Donor Restrictions$1,291,019$1,573,941▲ $282,922
Total Net Assets Fund Balance$2,291,770$5,593,450▲ $3,301,680
Total Liabilities and Net Assets / Fund Balance$2,347,047$5,661,885▲ $3,314,838

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,924$45,656$57,580
Other Securities$800,000--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Gene MyersPresident
Alan SmileyBoard Member
Ben Valore-caplanBoard Member
John BirkelbachBoard Member
Kari DavisBoard Member
Latrice LeeBoard Member
Mark LivingstonBoard Member
Mary Ellen DaltonBoard Member
Erin VernerisSecretary
Michael BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,006,329
Program Service Revenue
$0
Investment Income
$3,917
Other Revenue
$0
All Other Contributions
$1,710,099
Change in Net Assets
$3,368,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$703,207
Grants and Similar Amounts Paid$479,788
Other Expenses$459,019
Total Fundraising Expense$44,468
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,588--$587,588
Grants to Domestic Individuals$479,788--$479,788
Other Employee Benefits$57,733--$57,733
Office Expenses$34,057$18,495-$52,552
Payroll Taxes$44,129--$44,129
Fees for Services Management-$20,805-$20,805
Fees for Services Accounting-$18,366-$18,366
Travel$17,601--$17,601
Insurance-$15,580-$15,580
Pension Plan Contributions$13,757--$13,757
Other Expenses$4,310-$44,468$4,310
Depreciation Depletion-$3,533-$3,533
Information Technology$760--$760
Total Functional Expenses$1,520,767$76,779$44,468$1,642,014
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, Shared ExpensesINTERCOMPANY RECEIVABLE.AT MAY 31, 2023, CHALLENGE FOUNDATION INC WAS OWED $11,243 BY THE CHALLENGE FOUNDATION ARIZONA.No$11,243
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 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 Challenge Foundation Inc
EIN
84-1480014
Phone
7202038888
Address
4545 S UNIVERSITY BLVD, ENGLEWOOD, CO 80113

Signing Officer

Name
Gene Myers
Title
President
Phone
3037074417
Signed
2024-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Myers
Formed
1998
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
72

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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IRS990/Desc0CHALLENGE SUMMER PROGRAM:THE CHALLENGE SUMMER PROGRAM IS HELD AT ST MARYU'S ACADEMY FOR APPROXIMATELY SIX WEEKS. STUDENTS ARE RISING 6TH, 7TH, 8TH AND 9TH GRADERS. THE STUDENTS MUST HAVE FINANCIAL NEED AND HAVE DEMONSTRATED ACADEMIC SUCCESS. THE SUMMER STAFF CONSISTS OF TEACHERS, CO-TEACHERS AND YEAR ROUND CHALLENGE FOUNDATION STAFF MEMBERS. SUMMER PROGRAM CLASSES ARE LANGUAGE ARTS, MATH AND SCIENCE. ENRICHMENT ACTIVITIES INCLUDE PUBLIC SPEAKING, SCUBA DIVING, SWIMMING LESSONS, HIGH ROPES COURSE, RAFTING, HORSEBACK RIDING, DANCE, SPORTS AND MUSIC. BREAKFAST, LUNCH AND SNACKS ARE SERVED. TRANSPORTATION IS PROVIDED.
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IRS990/PayrollTaxesGrp/ProgramServicesAmt044129
IRS990/PayrollTaxesGrp/TotalAmt044129
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013757
IRS990/PensionPlanContributionsGrp/TotalAmt013757
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03609
IRS990/PrincipalOfficerNm0GENE MYERS
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/ExpenseAmt0765324
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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0479788
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0479788
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01823493
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0619110
IRS990/PYInvestmentIncomeAmt0910
IRS990/PYOtherExpensesAmt0269881
IRS990/PYOtherRevenueAmt028
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0519153
IRS990/PYSalariesCompEmpBnftPaidAmt0416287
IRS990/PYTotalExpensesAmt01305278
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01824431
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03368232
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt03296230
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01651118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01823493
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01482306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03672207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01872702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010501826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03917
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0938
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0604771
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0633518
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53000
IRS990ScheduleA/PublicSupportPY170Pct00.72940
IRS990ScheduleA/PublicSupportTotal170Amt05901200
IRS990ScheduleA/SubstantialContributorsTotAmt04600626
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01651118
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01823493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01482306
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03672207
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01872702
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010501826
IRS990ScheduleA/TotalSupportAmt011135344
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/EquipmentGrp/BookValueAmt011924
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045656
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057580
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03242040
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1800000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TIMBERLINE FUND LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1WYNKOOP FLORIDA LOAN
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011924
IRS990ScheduleD/TotalBookValueSecuritiesAmt04042040
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0148095
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt185346
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt254938
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt317736
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt448022
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt5120050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt65600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt70
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS & SUPPORT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS - ST MARYS ACADEMY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOLARSHIPS - COLORADO ACADEMY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3SCHOLARSHIPS - ST ANNES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4SCHOLARSHIPS - KENT DENVER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5SCHOLARSHIPS - LORETTO
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6SCHOLARSHIPS - REGIS HS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt7SCHOLARSHIPS - GRALAND COUNTRY DAY SCHOOL
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt118
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt222
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt36
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt415
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt531
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt62
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt77
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CHALLENGE FOUNDATION ARIZONA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SHARED BOARD OFFICERS, SHARED EXPENSES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt011243
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INTERCOMPANY RECEIVABLE.AT MAY 31, 2023, CHALLENGE FOUNDATION INC WAS OWED $11,243 BY THE CHALLENGE FOUNDATION ARIZONA.
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 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 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02347047
IRS990/TotalAssetsEOYAmt05661885
IRS990/TotalAssetsGrp/BOYAmt02347047
IRS990/TotalAssetsGrp/EOYAmt05661885
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05006329
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044468
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01520767
IRS990/TotalFunctionalExpensesGrp/TotalAmt01642014
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055277
IRS990/TotalLiabilitiesEOYAmt068435
IRS990/TotalLiabilitiesGrp/BOYAmt055277
IRS990/TotalLiabilitiesGrp/EOYAmt068435
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02291770
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05593450
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01520767
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03917
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05010246
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt072
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02347047
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05661885
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt017601
IRS990/TravelGrp/TotalAmt017601
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,661,885
Liabilities
$68,435
Net assets
$5,593,450
Revenue
$5,010,246
Expenses
$1,642,014
Net income
$3,368,232
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