Nonprofit · EIN 05-0620063
CHARTER FUND INC
Also known as CHARTER SCHOOL GROWTH FUND
Tax-exempt · DENVER, CO 80204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $232,401,456 | $189,583,844 | $42,817,612 | $720,288,020 | $49,625,515 | $670,662,505 |
| December 31, 2023 | 990-PF | $141,916,499 | $147,020,188 | -$5,103,689 | $676,412,713 | $52,696,442 | $623,716,271 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $214,188,285
- Program service revenue
- $6,366,515
- Investment income
- $11,846,656
- Net gain from sales of assets
- -$5,771,685
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $150,096,573
- Compensation of officers, directors and key employees
- $2,232,202
- Other salaries and wages
- $11,212,336
- Salaries, compensation and benefits (total)
- $15,732,330
- Professional fundraising fees
- $0
- Legal fees
- $233,429
- Accounting fees
- $107,309
- Occupancy
- $125,246
- Travel
- $1,467,412
- Program services (functional)
- $181,291,483
- Management and general (functional)
- $7,427,037
- Fundraising (functional)
- $865,324
Balance sheet and other
- Total assets, start of year
- $673,422,760
- Total assets, end of year
- $720,288,020
- Total liabilities, end of year
- $49,625,515
- Net assets, end of year
- $670,662,505
- Publicly traded securities
- $326,826,035
- Net assets without donor restrictions
- $542,684,515
- Net assets with donor restrictions
- $127,977,990
- Gross receipts
- $486,256,141
- Employees
- 86
- Volunteers
- 12
- Year formed
- 2004
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN HALL | PRESIDENT Trustee or director, Officer | 40 | $613,000 | $44,208 |
| DARRYL COBB | VICE PRESIDENT Officer | 40 | $465,500 | $41,976 |
| RICHARD BILLINGS | ASST SECRETARY (THRU 3/24), PARTNER Officer | 40 | $319,042 | $35,866 |
| PAMELA INBASEKARAN | COO/ASSISTANT SECRETARY Officer | 40 | $312,333 | $34,453 |
| THOMAS ERIC | PARTNER Highest-paid employee | 40 | $308,083 | $35,457 |
| JOSEPH FERGUSON | PARTNER Highest-paid employee | 40 | $308,083 | $35,331 |
| MARCIA AARON | PARTNER Highest-paid employee | 40 | $312,333 | $28,501 |
| KATHLEEN HAMEL | PARTNER Highest-paid employee | 40 | $319,042 | $14,519 |
| ERIC CHAN | PARTNER Highest-paid employee | 40 | $308,083 | $20,265 |
| EBONY LEE | CHIEF EXTERNAL AFFAIRS OFFICER Key employee | 40 | $301,000 | $19,958 |
| JULIE MAIER | VICE PRESIDENT (THRU 1/24) Officer | 1 | $39,086 | $5,558 |
| JOHN FISHER | DIRECTOR, BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALLAN GOLSTON | DIRECTOR, TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAMES RAHN | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DEE HASLAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REED HASTINGS | DIRECTOR Trustee or director | 1 | $0 |
| CONSTANCE JONES | DIRECTOR Trustee or director | 1 | $0 |
| TOM JOYCE | DIRECTOR Trustee or director | 1 | $0 |
| CHARLENE REID | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE PULLEN ROSS | DIRECTOR Trustee or director | 1 | $0 |
| FIDEL VARGAS | DIRECTOR Trustee or director | 1 | $0 |
| ANILU VAZQUEZ-UBARRI | DIRECTOR Trustee or director | 1 | $0 |
| JESSIE WOOLLEY-WILSON | DIRECTOR Trustee or director | 1 | $0 |
990-PF for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN HALL 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | CEO | 40 | $615,000 | $19,886 |
| DARRYL COBB 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PRESIDENT | 40 | $432,250 | $24,026 |
| JULIE MAIER 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER/VICE PRESIDENT | 40 | $318,000 | $23,641 |
| RICH BILLINGS 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER/ASSISTANT SECRETARY | 40 | $316,500 | $24,029 |
| KATHEY HAMEL 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER Highest-paid employee | 40 | $316,500 | $24,029 |
| PAMELA INBASEKARAN 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | COO | 40 | $309,500 | $17,873 |
| MARCIA AARON 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER Highest-paid employee | 40 | $309,500 | $17,219 |
| JOSEPH FERGUSON 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER Highest-paid employee | 40 | $305,500 | $24,291 |
| ERIC THOMAS 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER Highest-paid employee | 40 | $305,500 | $24,029 |
| ERIC CHAN 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | PARTNER Highest-paid employee | 40 | $305,500 | $8,977 |
| JOHN FISHER 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR, BOARD CHAIR | 1 | $0 | $0 |
| ALLAN GOLSTON 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| DEE HASLAM 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| MASON HAWKINS 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| CONSTANCE JONES 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| TOM JOYCE 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| JIM RAHN 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| FIDEL VARGAS 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| ANILU VAZQUEZ-UBARRI 10901 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| REED HASTINGS 10902 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
| NICOLE PULLEN ROSS 10903 WEST 120TH AVE STE 450, BROOMFIELD, CO 80021 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1390 LAWRENCE ST STE 300, DENVER, CO 80204-2081
- In care of
- % KEVIN HALL
- Principal officer (990 for 2024)
- KEVIN HALL, 1390 LAWRENCE STREET 300, DENVER, CO 80204
- Signed the 990
- KEVIN HALL, CEO
- Phone
- (303) 217-8090
- Website
- CHARTERGROWTHFUND.ORG
- Return prepared by
- CLARK NUBER PS
Mission
THE CHARTER SCHOOL GROWTH FUND IDENTIFIES THE COUNTRY'S BEST PUBLIC CHARTER SCHOOLS, FUNDS THEIR EXPANSION, AND HELPS TO INCREASE THEIR IMPACT. WE'RE DRIVEN BY A CONVICTION THAT ALL CHILDREN DESERVE GREAT PUBLIC SCHOOLS IN THEIR COMMUNITIES.
Program accomplishments
- CSGF ONLY SUPPORTS ORGANIZATIONS THAT DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE-ADDED ACADEMIC GAINS. THE FUND FOCUSES ON GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS. CSGF INCURRED $150,096,573 OF GRANT EXPENSE TO OR FOR THE BENEFIT OF CHARTER SCHOOLS AND INCURRED ADDITIONAL CHARITABLE EXPENSES OF $31,194,910 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2024. IN ADDITION, CSGF ISSUED $ 29,530,047 OF PROGRAM-RELATED INVESTMENT (PRI) LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2024. SEE SCHEDULE I FOR A DETAILED LISTING OF GRANTS ISSUED DURING THE YEAR.Expenses $181,291,483 · grants $150,096,573 · revenue $6,366,515
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 05-0620063
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $720,288,020
- Income (IRS master file)
- $486,256,141
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $232,401,456 | $189,583,844 | $720,288,020 | XML |
| 990-PF | December 2023 | $141,916,499 | $147,020,188 | $676,412,713 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0620063).
Questions about CHARTER FUND INC
- What is the EIN of CHARTER FUND INC?
- The employer identification number (EIN) of CHARTER FUND INC is 05-0620063.
- Is CHARTER FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CHARTER FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARTER FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARTER FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARTER FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHARTER FUND INC?
- The 990 for the year ended December 31, 2024 names KEVIN HALL.
- Who are the officers and directors of CHARTER FUND INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 11 received compensation from the organization, the highest $613,000 (KEVIN HALL, PRESIDENT).
- How much revenue does CHARTER FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $232,401,456, expenses of $189,583,844 and total assets of $720,288,020 at year end.
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