Civic Intelligence

Parents Challenge

990 • Fiscal year 2015 • EIN 84-1591310

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

2 N Cascade Ave Suite 1280Colorado Springs, CO 80903

(719) 633-4500

Siviq Scores

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

Liabilities / Assets

87th percentile

0.41x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$53,333

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

13th percentile

-35%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

7.2%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$114,522

Down $61,210 (-35%) from 2014

Net Assets

Down

$67,887

Down $49,236 (-42%) from 2014

Liabilities

Down

$46,635

Down $11,974 (-20%) from 2014

Revenue

Up

$230,368

Up $15,551 (+7.2%) from 2014

Expenses

Up

$296,214

Up $162,975 (+122%) from 2014

Net Income

Down

-$65,846

Down $147,424 (-181%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $71,562Liabilities 2011: $87,079Net Assets 2011: -$15,5172011Assets 2012: $24,682Liabilities 2012: $86,245Net Assets 2012: -$61,5632012Assets 2013: $105,158Liabilities 2013: $69,613Net Assets 2013: $35,5452013Assets 2014: $175,732Liabilities 2014: $58,609Net Assets 2014: $117,1232014Assets 2015: $114,522Liabilities 2015: $46,635Net Assets 2015: $67,8872015Assets 2016: $193,338Liabilities 2016: $36,264Net Assets 2016: $157,0742016Assets 2017: $221,220Liabilities 2017: $26,924Net Assets 2017: $194,2962017Assets 2018: $293,877Liabilities 2018: $23,928Net Assets 2018: $269,9492018Assets 2019: $329,875Liabilities 2019: $23,900Net Assets 2019: $305,9752019Assets 2020: $985,278Liabilities 2020: $181,378Net Assets 2020: $803,9002020Assets 2021: $1,187,776Liabilities 2021: $175,649Net Assets 2021: $1,012,1272021Assets 2022: $1,093,672Liabilities 2022: $166,210Net Assets 2022: $927,4622022Assets 2023: $1,323,611Liabilities 2023: $178,194Net Assets 2023: $1,145,4172023Assets 2024: $1,189,949Liabilities 2024: $161,261Net Assets 2024: $1,028,6882024

Highlighted filing

2015

Assets$114,522
Liabilities$46,635
Net Assets$67,887

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $304,427Expenses 2011: $334,944Net Income 2011: -$30,5172011Revenue 2012: $160,672Expenses 2012: $206,718Net Income 2012: -$46,0462012Revenue 2013: $139,892Expenses 2013: $42,784Net Income 2013: $97,1082013Revenue 2014: $214,817Expenses 2014: $133,239Net Income 2014: $81,5782014Revenue 2015: $230,368Expenses 2015: $296,214Net Income 2015: -$65,8462015Revenue 2016: $343,119Expenses 2016: $253,932Net Income 2016: $89,1872016Revenue 2017: $294,713Expenses 2017: $257,491Net Income 2017: $37,2222017Revenue 2018: $468,078Expenses 2018: $392,425Net Income 2018: $75,6532018Revenue 2019: $488,097Expenses 2019: $452,071Net Income 2019: $36,0262019Revenue 2020: $890,616Expenses 2020: $557,691Net Income 2020: $332,9252020Revenue 2021: $875,004Expenses 2021: $684,712Net Income 2021: $190,2922021Revenue 2022: $699,705Expenses 2022: $775,510Net Income 2022: -$75,8052022Revenue 2023: $1,146,455Expenses 2023: $940,925Net Income 2023: $205,5302023Revenue 2024: $830,565Expenses 2024: $960,001Net Income 2024: -$129,4362024

Highlighted filing

2015

Revenue$230,368
Expenses$296,214
Net Income-$65,846
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v6.0
Gross Receipts
$230,368
Mission and Program Overview

Mission

Parents challenge exists to empower low-income parents with educational choice in the belief that every child deserves the opportunity for an excellent education, regardless of family income. Parent's challenge accomplishes its mission by granting tuition scholarships as well as educational supplies and tutoring to children from low-income families.

To provide scholarships, grants and parent advocacy sessions to low-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,732$89,522▼ $86,210
Pledges and Grants Receivable$0$25,000▲ $25,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$175,732$114,522▼ $61,210
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$55,998$44,651▼ $11,347
Accounts Payable and Accrued Expenses$2,611$1,984▼ $627
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$58,609$46,635▼ $11,974
Net Assets / Fund Balance
Unrestricted Net Assets$48,988$63,656▲ $14,668
Temporarily Rstr Net Assets$68,135$4,231▼ $63,904
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$117,123$67,887▼ $49,236
Total Liabilities and Net Assets / Fund Balance$175,732$114,522▼ $61,210
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah HendrixExecutive DirectorFT$51,873$1,460$53,333
Catherine HendrixAdmin AsstPT$4,884-$4,884
Mark HilesAdmin Asst-$1,006-$1,006

Board Members and Trustees

NameTitle
Joyce SchuckChairman
Al FarrTrustee
Bob GardnerTrustee
Don GriffinTrustee
Joe WoodfordTrustee
Kim ShugartTrustee
Mark KelbelTrustee
Randy CuberoTrustee
Tom SchuckTrustee
Vance BrownTrustee
Millie DavidsAdmin Asst
Steve SchuckFounder
Steve EversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$230,199
Program Service Revenue
$0
Investment Income
$120
Other Revenue
$49
All Other Contributions
$230,199
Change in Net Assets
$-65,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$230,368
Revenue Not Reported on Form 990
$54,280
Total Revenue per Audited Statements
$284,648
Total Revenue per Form 990
$230,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$180,825
Salaries, Compensation, and Employee Benefits$67,307
Other Expenses$48,082
Total Fundraising Expense$9,958
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$180,825--$180,825
Current Officers, Directors, Trustees, and Key Employees$53,826$6,771$6,710$67,307
Fees for Services Accounting$12,949$3,453$863$17,265
Conferences and Meetings$6,695$393$788$7,876
Office Expenses$5,454$1,036$768$7,258
Travel$2,804$592$225$3,621
Interest$2,219$591$148$2,958
Advertising$1,549$413$103$2,065
Other Expenses$8$1$1$10
Total Functional Expenses$271,602$14,654$9,958$296,214

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$350,494
Expenses per Audited Statements$296,214
Total Expenses per Form 990$296,214
Expenses Not Reported on Form 990$54,280
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

Board relationships various members of the board of directors have either a family or business relationship with other members of the board.

Form 990, Part VI, Section B, Line 11

990 distribution a draft of the 990 is sent to members of the board of directors for review via email before the 990 is finalized. After receipt of the draft, the members have 2 weeks to review the draft and request any changes. The final version of the return is approved by the treasurer.

Form 990, Part VI, Section B, Line 12C

Conflict of interest each year in june at the board of directors' meeting, the conflict of interest policy is reviewed and signed by each member. Any existing conflicts are noted in the minutes and taken into consideration in the organization's decision making process. If a new conflict arises during the year, the board expects notification of the new conflict.

FORM 990, PART VI, SECTTON B, LINE l5A

Compensation the executive committee, comprised of the board president, vice president, and treasurer, determine the annual salary of the executive director, which is then approved by the entire board. Peer data and performance are determining factors.

Form 990, Part VI, Sectton C, Line 19

Public inspection the organization will provide its governing documents, conflict of interest policy, and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Parents Challenge
EIN
84-1591310
In Care Of
% STEVE EVERSON
Phone
7196334500
Address
2 N Cascade Ave Suite 1280, Colorado Springs, CO 80903

Signing Officer

Name
Steve Everson
Title
Treasurer
Phone
7196301186
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Everson
Formed
2001
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
15

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Supplemental Narrative

Financial Statement Notes

Sch D pt X line 2

Parents Challenge is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for charitable contribution deduction. Parents Challenge believes that it does not have any uncertain tax positions that are material to the financial statements. The Organization's income tax returns for 2012 through the current period remain open to examination by the Internal Revenue Service and relevant state authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0263835
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.16$1.03$0.83$0.96$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.18$1.15$1.15$0.94$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.17$0.93$0.70$0.78$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.18$1.01$0.88$0.68$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.18$0.80$0.89$0.56$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$0.49$0.45$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$0.47$0.39$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.19$0.29$0.26$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.04$0.16$0.34$0.25$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.05$0.07$0.23$0.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.06$0.12$0.21$0.13$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.07$0.04$0.14$0.04$0.10
2012Summary only. Only limited summary data is available for this year.$0.02$0.09$0.06$0.16$0.21$0.05
2011Summary only. Only limited summary data is available for this year.$0.07$0.09$0.02$0.30$0.33$0.03