Nonprofit · EIN 84-1480014
CHALLENGE FOUNDATION INC
Tax-exempt · ENGLEWOOD, CO 80113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,612,896 | $1,974,034 | -$361,138 | $5,434,171 | $24,521 | $5,409,650 |
| May 31, 2024 | 990 | $1,920,617 | $1,717,129 | $203,488 | $5,745,131 | $50,557 | $5,694,574 |
| May 31, 2023 | 990 | $5,010,246 | $1,642,014 | $3,368,232 | $5,661,885 | $68,435 | $5,593,450 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $1,931,314
- Program service revenue
- $0
- Investment income
- -$350,760
- Net gain from sales of assets
- -$486,087
- Other revenue
- $32,342
Expenses
- Grants and similar amounts paid
- $604,255
- Other salaries and wages
- $647,605
- Salaries, compensation and benefits (total)
- $787,028
- Professional fundraising fees
- $0
- Legal fees
- $328
- Accounting fees
- $26,763
- Travel
- $9,020
- Depreciation
- $3,533
- Program services (functional)
- $1,883,455
- Management and general (functional)
- $90,157
- Fundraising (functional)
- $422
Balance sheet and other
- Total assets, start of year
- $5,745,131
- Total assets, end of year
- $5,434,171
- Total liabilities, end of year
- $24,521
- Net assets, end of year
- $5,409,650
- Land, buildings and equipment
- $4,858
- Publicly traded securities
- $3,635,383
- Net assets without donor restrictions
- $3,500,469
- Net assets with donor restrictions
- $1,909,181
- Gross receipts
- $2,286,751
- Employees
- 8
- Volunteers
- 98
- Year formed
- 1998
- 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 |
|---|---|---|---|
| MARY ELLEN DALTON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ERIN VERNERIS | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| JOHN BIRKELBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| KARI DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| LATRICE LEE MCINERNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN SMILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| BEN VALORE-CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY ELLEN DALTON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ERIN VERNERIS | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| JOHN BIRKELBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| KARI DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| LATRICE LEE MCINERNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN SMILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| BEN VALORE-CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY ELLEN DALTON | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE MYERS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ERIN VERNERIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL BROWN | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN BIRKELBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| KARI DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| LATRICE LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN SMILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| BEN VALORE-CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4545 S UNIVERSITY BLVD, ENGLEWOOD, CO 80113-6059
- In care of
- % CHAL
- Principal officer (990 for 2024)
- GENE MYERS, 4545 S UNIVERSITY BLVD, ENGLEWOOD, CO 80113
- Signed the 990
- GENE MYERS, PRESIDENT
- Phone
- (303) 209-3364
- Return prepared by
- RILEY & CO PC
Mission
THE CHALLENGE FOUNDATION EMPOWERS STUDENTS TO REACH THEIR FULL POTENTIAL THROUGH ACADEMIC SCHOLARSHIPS AND COMPREHENSIVE SUPPORT, BRIDGING THE GAP TO AN EXTRAORDINARY EDUCATION AND LIFELONG SUCCESS.
Program accomplishments
- CHALLENGE SUMMER PROGRAM:THE CHALLENGE SUMMER PROGRAM IS HELD AT ST MARY'S ACADEMY FOR APPROXIMATELY SIX WEEKS. STUDENTS ARE RISING 6TH, 7TH, 8TH AND 9TH GRADERS. THE STUDENTS MUST HAVE FINANCIAL NEED AND HAVE DEMONSTRATED ACADEMIC SUCCESS. THE SUMMER STAFF CONSISTS OF TEACHERS, CO-TEACHERS AND YEAR ROUND CHALLENGE FOUNDATION STAFF MEMBERS. SUMMER PROGRAM CLASSES ARE LANGUAGE ARTS, MATH AND SCIENCE. ENRICHMENT ACTIVITIES INCLUDE PUBLIC SPEAKING, SWIMMING LESSONS, HIGH ROPES COURSE, DANCE, SPORTS, COLLEGE VISITS, CAREER DAY, FINANCIAL LITERACY AND MUSIC. BREAKFAST, LUNCH AND SNACKS ARE SERVED. TRANSPORTATION IS PROVIDED.Expenses $285,288
- TUTORING, MENTORING AND ADVISING:THE CHALLENGE FOUNDATION MATCHES STUDENTS WITH A VOLUNTEER MENTOR WHO PARTNERS WITH THE FAMILY AND THE STAFF TO PROVIDE ON-GOING SUPPORT, ENCOURAGEMENT AND MEANINGFUL EDUCATIONAL EXPERIENCES. THE MENTOR IS A PROFESSIONAL IN OUR COMMUNITY WHO IS TRAINED TO SERVE AS A ROLE MODEL AND TEAM MEMBER IN THE SCHOLARS' EDUCATIONAL JOURNEY. TUTORING IS OFFERED AND ACCESSED AS NEEDED AT EVERY LEVEL OF THE SCHOLARS' EXPERIENCE, FROM 6TH GRADE THROUGH COLLEGE, INCLUDING ACT/SAT PREP. ALL OF THESE SUPPORTS ARE MANAGED BY A CHALLENGE ADVISOR ON STAFF WHO HELPS STUDENTS OVERCOME OBSTACLES IN THEIR PERSONAL AND ACADEMIC LIVES. ADVISORS ATTEND TEACHER CONFERENCES, OBTAIN COMPUTERS, SCHOOL SUPPLIES, ATHLETIC EQUIPMENT, MUSICAL INSTRUMENTS AND COUNSEL THEM THROUGHOUT THE COLLEGE AND FINANCIAL AID APPLICATION PROCESS.Expenses $993,912
- SCHOLARSHIPS:THE CHALLENGE FOUNDATION PARTNERS WITH COLLEGE PREPARATORY SCHOOLS TO AWARD SCHOLARSHIPS TO QUALIFIED STUDENTS FROM SIXTH THROUGH TWELFTH GRADES. TO BE ELIGIBLE, FAMILIES DEMONSTRATE FINANCIAL NEED AND STUDENTS DEMONSTRATE YEAR-ROUND ACADEMIC SUCCESS AND COMMITMENT. THE PROGRAM WILL IMPACT APPROXIMATELY 160 STUDENTS.Expenses $604,255 · grants $604,255
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
- 84-1480014
- 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
- 1999
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,434,171
- Income (IRS master file)
- $2,286,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,612,896 | $1,974,034 | $5,434,171 | XML |
| 990 | May 2024 | $1,920,617 | $1,717,129 | $5,745,131 | XML |
| 990 | May 2023 | $5,010,246 | $1,642,014 | $5,661,885 | XML |
| 990 | May 2022 | $1,824,431 | $1,305,278 | $2,347,047 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 84-1480014).
Questions about CHALLENGE FOUNDATION INC
- What is the EIN of CHALLENGE FOUNDATION INC?
- The employer identification number (EIN) of CHALLENGE FOUNDATION INC is 84-1480014.
- Is CHALLENGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CHALLENGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHALLENGE FOUNDATION 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 CHALLENGE FOUNDATION INC 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 CHALLENGE FOUNDATION INC 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 CHALLENGE FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names GENE MYERS.
- Who are the officers and directors of CHALLENGE FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does CHALLENGE FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,612,896, expenses of $1,974,034 and total assets of $5,434,171 at year end.
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