Nonprofit · EIN 83-2200839
CHARLOU FOUNDATION
Tax-exempt · SCOTTSDALE, AZ 85258
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,025,901 | $261,729 | $764,172 | $24,516,714 | $0 | $24,516,714 |
| May 31, 2024 | 990 | $3,907,167 | $66,198 | $3,840,969 | $23,439,500 | $0 | $23,439,500 |
| May 31, 2023 | 990 | $1,637,476 | $3,349,966 | -$1,712,490 | $19,413,894 | $0 | $19,413,894 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,003,839
- Net gain from sales of assets
- -$144,380
- Other revenue
- $22,062
Expenses
- Grants and similar amounts paid
- $202,192
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,475
- Program services (functional)
- $202,192
- Management and general (functional)
- $59,537
Balance sheet and other
- Total assets, start of year
- $23,439,500
- Total assets, end of year
- $24,516,714
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,516,714
- Publicly traded securities
- $14,506,470
- Net assets without donor restrictions
- $24,516,714
- Gross receipts
- $5,142,141
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- CO
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTHUR D MCFALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JANIS MCFALL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM SCHAEFER | TREASURER Trustee or director, Officer | 1 | $0 |
| ALLEN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTHUR D MCFALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JANIS MCFALL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM SCHAEFER | TREASURER Trustee or director, Officer | 1 | $0 |
| ALLEN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTHUR D MCFALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JANIS MCFALL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| WILLIAM SCHAEFER | TREASURER Trustee or director, Officer | 1 | $0 |
| ALLEN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8989 N GAINEY CENTER DR UNIT 103, SCOTTSDALE, AZ 85258-2111
- In care of
- % ARTHUR D MCFALL
- Principal officer (990 for 2024)
- ARTHUR D MCFALL, 36 CHARLOU CIRCLE, CHERRY HILLS VILLAGE, CO 80111
- Signed the 990
- ARTHUR MCFALL, PRESIDENT
- Phone
- (720) 203-8888
- Return prepared by
- RILEY & CO PC
Mission
THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO SUPPORT AND BENEFIT THE PROGRAMS AND STRATEGIC INITIATIVES OF THE CHALLENGE FOUNDATION INC AND THE CHALLENGE FOUNDATION ARIZONA INC, BOTH TYPE III FUNCTIONALLY INTEGRATED SUPPORTED 501(C)(3) ORGANIZATIONS.
Program accomplishments
- THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO SUPPORT AND BENEFIT THE PROGRAMS AND STRATEGIC INITIATIVES OF THE CHALLENGE FOUNDATION INC AND THE CHALLENGE FOUNDATION ARIZONA INC, BOTH TYPE III FUNCTIONALLY INTEGRATED SUPPORTED 501(C)(3) ORGANIZATIONS.Expenses $202,192 · grants $202,192
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2200839
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $24,516,714
- Income (IRS master file)
- $5,142,141
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,025,901 | $261,729 | $24,516,714 | XML |
| 990 | May 2024 | $3,907,167 | $66,198 | $23,439,500 | XML |
| 990 | May 2023 | $1,637,476 | $3,349,966 | $19,413,894 | XML |
| 990 | May 2022 | $1,073,117 | $58,630 | $21,781,461 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | 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 83-2200839).
Questions about CHARLOU FOUNDATION
- What is the EIN of CHARLOU FOUNDATION?
- The employer identification number (EIN) of CHARLOU FOUNDATION is 83-2200839.
- Is CHARLOU FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CHARLOU FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CHARLOU FOUNDATION 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 CHARLOU FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLOU FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of CHARLOU FOUNDATION?
- The 990 for the year ended May 31, 2025 names ARTHUR D MCFALL.
- Who are the officers and directors of CHARLOU FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CHARLOU FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,025,901, expenses of $261,729 and total assets of $24,516,714 at year end.
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