Civic Intelligence

Parents Challenge

990 • Fiscal year 2016 • EIN 84-1591310

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

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

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$53,333

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

88th percentile

69%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

49%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$193,338

Up $78,816 (+69%) from 2015

Net Assets

Up

$157,074

Up $89,187 (+131%) from 2015

Liabilities

Down

$36,264

Down $10,371 (-22%) from 2015

Revenue

Up

$343,119

Up $112,751 (+49%) from 2015

Expenses

Down

$253,932

Down $42,282 (-14%) from 2015

Net Income

Up

$89,187

Up $155,033 (+235%) from 2015

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

2016

Assets$193,338
Liabilities$36,264
Net Assets$157,074

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

2016

Revenue$343,119
Expenses$253,932
Net Income$89,187
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$343,119
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$89,522$139,819▲ $50,297
Pledges and Grants Receivable$25,000$53,519▲ $28,519
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
Land, Buildings, and Equipment, Net$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$114,522$193,338▲ $78,816
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,651$34,714▼ $9,937
Accounts Payable and Accrued Expenses$1,984$1,550▼ $434
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$46,635$36,264▼ $10,371
Net Assets / Fund Balance
Unrestricted Net Assets$63,656$152,966▲ $89,310
Temporarily Rstr Net Assets$4,231$4,108▼ $123
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$67,887$157,074▲ $89,187
Total Liabilities and Net Assets / Fund Balance$114,522$193,338▲ $78,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deborah HendrixExecutive DirectorFT$53,333$53,333
Catherine HendrixAdministrative AssistantPT$4,884$4,884

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 DavidsAdministrative Assistant
Steve SchuckFounder
Steve EversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$342,345
Program Service Revenue
$0
Investment Income
$156
Other Revenue
$618
All Other Contributions
$342,345
Change in Net Assets
$89,187

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,119
Revenue Not Reported on Form 990
$54,010
Total Revenue per Audited Statements
$397,129
Total Revenue per Form 990
$343,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$144,456
Salaries, Compensation, and Employee Benefits$64,535
Other Expenses$44,941
Total Fundraising Expense$9,601
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$144,456--$144,456
Current Officers, Directors, Trustees, and Key Employees$51,628$6,453$6,454$64,535
Conferences and Meetings$12,481$694$693$13,868
Fees for Services Accounting$8,850$2,360$590$11,800
Office Expenses$7,689$1,119$1,349$10,157
Travel$3,472$716$283$4,471
Interest$1,991$531$133$2,655
Other Expenses$741$198$49$988
Advertising$719$191$48$958
Total Functional Expenses$232,060$12,271$9,601$253,932

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$307,942
Expenses per Audited Statements$253,932
Total Expenses per Form 990$253,932
Expenses Not Reported on Form 990$54,010
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
7196334500
Signed
2017-02-15
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
14

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Michael A O Webster
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 2013 through the current period remain open to examination by the Internal Revenue Service and relevant state authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12ADMINISTRATIVE ASSISTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14ADMINISTRATIVE ASSISTANT
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IRS990/FormationYr02001
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IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
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IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt00
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IRS990/InterestGrp/ManagementAndGeneralAmt0531
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IRS990/InterestGrp/TotalAmt02655
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PARENTS 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 AND GRANTS AS WELL AS PARENT SESSIONS TO LOW-INCOME FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt034714
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01119
IRS990/OfficeExpensesGrp/ProgramServicesAmt07689
IRS990/OfficeExpensesGrp/TotalAmt010157
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1LICENSE, FEES, & TAXES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1198
IRS990/OtherExpensesGrp/ProgramServicesAmt033
IRS990/OtherExpensesGrp/ProgramServicesAmt1741
IRS990/OtherExpensesGrp/TotalAmt044
IRS990/OtherExpensesGrp/TotalAmt1988
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt053519
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
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IRS990/PrincipalOfficerNm0STEVE EVERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0212793
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt034819
IRS990/PYInvestmentIncomeAmt0140
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081376
IRS990/PYOtherRevenueAmt01884
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt081578
IRS990/PYSalariesCompEmpBnftPaidAmt017044
IRS990/PYTotalExpensesAmt0133239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0214817
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt089187
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0342345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0230199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0212793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0139333
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0159842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01084512
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0156
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0140
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt056
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0511
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0618
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01884
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0520
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0774
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03845
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75790
IRS990ScheduleA/PublicSupportPY170Pct00.99496
IRS990ScheduleA/PublicSupportTotal170Amt0825250
IRS990ScheduleA/SubstantialContributorsTotAmt0259262
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

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