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Nonprofit · EIN 59-3084372

KEYSTONE CHALLENGE FUND INC

Tax-exempt · LAKELAND, FL 33813

Financials

$863K$896K2025
Revenue Expenses · by fiscal year end
Financials of KEYSTONE CHALLENGE FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$863,069$896,229-$33,160$737,355$10,726$726,629
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$48,799
of which government grants
$48,799
Program service revenue
$819,520
Investment income
$6,588
Net income from sales of inventory
-$11,838
Other revenue
-$11,838

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$6,350
Other salaries and wages
$118,175
Salaries, compensation and benefits (total)
$130,523
Professional fundraising fees
$0
Accounting fees
$5,075
Occupancy
$842
Travel
$9,406
Depreciation
$7,771
Program services (functional)
$848,423
Management and general (functional)
$42,559
Fundraising (functional)
$5,247

Balance sheet and other

Total assets, start of year
$813,635
Total assets, end of year
$737,355
Total liabilities, end of year
$10,726
Net assets, end of year
$726,629
Land, buildings and equipment
$32,587
Net assets without donor restrictions
$726,629
Gross receipts
$874,907
Employees
2
Year formed
1991
State of legal domicile
FL

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
JEFF BAGWELLPRESIDENT
Officer
40$110,175
BETH NEIMEYERVICE PRESIDE
Officer
4$8,000
OD JONESBOARD MEMBER
Trustee or director
–$0
BRENDA VAUGHNBOARD MEMBER
Trustee or director
–$0
FRANK COMPARETTOBOARD MEMBER
Trustee or director
–$0
JOYCE BROCKADVISORY BOA
Trustee or director
0$0
CODY STANLEYADVISORY BOA
Trustee or director
–$0

Address and contacts

Address (IRS master file)
4200 S FLORIDA AVE, LAKELAND, FL 33813-1628
In care of
% JEFF BAGWELL
Principal officer (990 for 2025)
JEFF BAGWELL, PO BOX 6238, LAKELAND, FL 33807
Signed the 990
JEFF BAGWELL, PRESIDENT
Phone
(863) 682-1025
Return prepared by
DARYL A JOHNSON CPA

Mission

COORDINATING FINANCIAL ASSISTANCE AND EDUCATIONAL SERVICES TO INDIVIDUALS AND FAMILIES QUALIFYING FOR LOW INCOME AND AFFORDABLE HOUSING OPPORTUNITIES

990 for the year ended December 31, 2025

Program accomplishments

  • COSTS AND EXPENDITURES RELATING TO THE ORGANIZATION'S PURPOSE FOR LOW INCOME AND AFFORDABLE HOUSING OPPORTUNITIES
    Expenses $848,423 · revenue $868,319

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-3084372
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$737,355
Income (IRS master file)
$874,907

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$190,341$278,382$954,376IRS
990December 2022$324,601$544,687$1,149,532IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about KEYSTONE CHALLENGE FUND INC

What is the EIN of KEYSTONE CHALLENGE FUND INC?
The employer identification number (EIN) of KEYSTONE CHALLENGE FUND INC is 59-3084372.
Is KEYSTONE CHALLENGE FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to KEYSTONE CHALLENGE FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KEYSTONE CHALLENGE 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 KEYSTONE CHALLENGE FUND INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KEYSTONE CHALLENGE FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of KEYSTONE CHALLENGE FUND INC?
The 990 for the year ended December 31, 2025 names JEFF BAGWELL.
Who are the officers and directors of KEYSTONE CHALLENGE FUND INC?
The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $110,175 (JEFF BAGWELL, PRESIDENT).
How much revenue does KEYSTONE CHALLENGE FUND INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $863,069, expenses of $896,229 and total assets of $737,355 at year end.

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