Civic Intelligence

Parents Challenge

990 • Fiscal year 2022 • EIN 84-1591310

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

63rd percentile

0.15x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$108,677

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

23rd percentile

-7.9%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-20%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,093,672

Down $94,104 (-7.9%) from 2021

Net Assets

Down

$927,462

Down $84,665 (-8.4%) from 2021

Liabilities

Down

$166,210

Down $9,439 (-5.4%) from 2021

Revenue

Down

$699,705

Down $175,299 (-20%) from 2021

Expenses

Up

$775,510

Up $90,798 (+13%) from 2021

Net Income

Down

-$75,805

Down $266,097 (-140%) from 2021

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

2022

Assets$1,093,672
Liabilities$166,210
Net Assets$927,462

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

2022

Revenue$699,705
Expenses$775,510
Net Income-$75,805
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$699,705
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$734,337$647,772▼ $86,565
Land, Buildings, and Equipment, Net$330,000$330,000→ $0
Savings and Temporary Cash Investments$110,861$102,140▼ $8,721
Pledges and Grants Receivable$12,568$13,760▲ $1,192
Accounts Receivable$10$0▼ $10
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$1,187,776$1,093,672▼ $94,104
Other Assets Total$0$0→ $0
Liabilities
Escrow Account Liability$165,000$165,000→ $0
Mortgage Notes Payable Secured by Investment Property$4,378$0▼ $4,378
Accounts Payable and Accrued Expenses$6,271$1,210▼ $5,061
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$175,649$166,210▼ $9,439
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$997,549$894,212▼ $103,337
Net Assets With Donor Restrictions$14,578$33,250▲ $18,672
Total Net Assets Fund Balance$1,012,127$927,462▼ $84,665
Total Liabilities and Net Assets / Fund Balance$1,187,776$1,093,672▼ $94,104

Asset Categories

AssetBook ValueDepreciationBasis
Land$330,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah HendrixExecutive DirectorFT$97,775$10,902$108,677

Board Members and Trustees

NameTitle
Steve SchuckBoard Chair / Founder
Al FarrTrustee
Bob GardnerTrustee
Joe WoodfordTrustee
Kim ShugartTrustee
Lisa JesseeTrustee
Randy CuberoTrustee
Regina LewisTrustee
Vance BrownTrustee
Joyce SchuckTrustee/ Founder (to 11/2021)
Steve EversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$699,459
Program Service Revenue
$0
Investment Income
$246
Other Revenue
$0
All Other Contributions
$699,459
Change in Net Assets
$-75,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$699,705
Revenue Not Reported on Form 990
$65,530
Total Revenue per Audited Statements
$765,235
Total Revenue per Form 990
$699,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$402,748
Other Expenses$212,739
Salaries, Compensation, and Employee Benefits$155,650
Total Fundraising Expense$30,195
Professional Fundraising Fees$4,373

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$402,748--$402,748
Conferences and Meetings$97,435$24,703$6,465$128,603
Current Officers, Directors, Trustees, and Key Employees$85,417$10,741$10,651$106,809
Information Technology$29,532$6,992$2,164$38,688
Other Salaries and Wages$20,241$2,545$2,524$25,310
Office Expenses$11,757$2,228$1,020$15,005
Comp Disqual Persons$10,571$1,329$1,318$13,218
Payroll Taxes$8,248$1,037$1,028$10,313
Advertising$6,228$1,494$384$8,106
Fees for Services Accounting-$7,300-$7,300
Fees for Services Other$5,552$316-$5,868
Fees for Services Professional Fundraising--$4,373$4,373
Insurance-$3,940-$3,940
Travel$2,907$759$200$3,866
Occupancy$900$240$60$1,200
Payments to Affiliates$122$33$8$163
Total Functional Expenses$681,658$63,657$30,195$775,510

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$849,900
Expenses per Audited Statements$775,510
Total Expenses per Form 990$775,510
Expenses Not Reported on Form 990$74,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$4,373
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Catherine HendrixFamily member of Ex.Direc.See part vNo$13,218

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 35% controlled entity
No
Business relationship with family members
Yes
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

Steve Schuck, Board Chair and Founder, and Joyce Schuck, Board Trustee and Founder, are RELATED, AS DEFINED BY THE IRS DEFINITION OF A RELATIVE.

Form 990, Part VI, Section B, Line 11

990 review A DRAFT OF THE 990 IS SENT TO THE TRUSTEES OF THE BOARD FOR REVIEW, VIA EMAIL, BEFORE THE 990 IS FINALIZED. AFTER RECEIPT OF THE DRAFT, THE TRUSTEES HAVE TWO WEEKS TO REVIEW THE DRAFT AND REQUEST ANY CHANGES. THE FINAL VERSION OF THE RETURN IS SIGNED BY THE TREASURER.

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

Conflict of interest at the annual board of directors meeting in june, 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, SECTION B, LINE l5A

Compensation the executive committee, comprised of the board president, vice president, and treasurer, determines the annual salary of the executive director, which is then approved by the entire board. Comparative, peer data and a performance review are used to determine the executive director's compensation package.

Form 990, Part VI, Section C, Line 19

The organization will provide, in a timely manner, financial statements and governing documents including its conflict-of-interest policies when requested in writing or in person.

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
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Hendrix
Formed
2001
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
25

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

Additional Explanations

FORM 990, Part III, LINE 1

MISSION STATEMENT Continued PARENT'S CHALLENGE ACCOMPLISHES ITS MISSION BY GRANTING TUITION SCHOLARSHIPS AND GRANTS AS WELL AS PARENT SESSIONS TO LOW-INCOME FAMILIES.

Form 990, Part X, Line 21 and 25

COLUMN (A) BEGINNING YEAR BALANCE: LINE 25, OTHER LIABILITIES, WAS ADJUSTED TO RECLASSIFY "LAND HELD FOR OTHERS" TO LINE 21, ESCROW AND CUSTODIAL ACCOUNT LIability.

Financial Statement Notes

Schedule D, Part IV, Line 2B

Land Held for Others - Parents Challenge received land that is partially held for the benefit of Another organization. The portion of the land held for the benefit of another organization is accounted for as a liability by Parents Challenge and is reported on the balance sheet as land held for others. At June 30, 2022, and 2021, the balance of the land held for others totaled $165,000.

Schedule D, Part 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR / FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE/ FOUNDER (TO 11/2021)
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IRS990/MethodOfAccountingAccrualInd0X
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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. CONTINUED ON SCH O.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02228
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IRS990/Organization501c3Ind0X
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IRS990/PayrollTaxesGrp/FundraisingAmt01028
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01037
IRS990/PayrollTaxesGrp/ProgramServicesAmt08248
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0871903
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0340
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0289
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt018373
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01029
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt019490
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IRS990ScheduleA/PublicSupportPY170Pct00.43580
IRS990ScheduleA/PublicSupportTotal170Amt02042133
IRS990ScheduleA/SubstantialContributorsTotAmt01523661
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0874750
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03565794
IRS990ScheduleA/TotalSupportAmt03586500
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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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