Nonprofit · EIN 85-0604320
CHALLENGE FUND
Tax-exempt · SIOUX FALLS, SD 57104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $0 | $0 | $0 | $4,501 | $0 | $4,501 |
| December 31, 2024 | 990-EZ | $0 | $4,000 | -$4,000 | $4,501 | $0 | $4,501 |
| December 31, 2023 | 990-EZ | $0 | $14,001 | -$14,001 | $8,501 | $0 | $8,501 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
Balance sheet and other
- Total assets, start of year
- $4,501
- Total assets, end of year
- $4,501
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,501
- Cash, savings and investments
- $4,501
- Gross receipts
- $0
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Carmody | Director - President | 1 | $0 |
| Jacob Wurth | Director - Vice President & Treasurer | 1 | $0 |
| Daniel Rykhus | Director - Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Carmody | Director - President | 1 | $0 |
| Jacob Wurth | Director - Vice President & Treasurer | 1 | $0 |
| Daniel Rykhus | Director - Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Carmody | Director - President | 1 | $0 |
| Jacob Wurth | Director - Vice President & Treasurer | 1 | $0 |
| Daniel Rykhus | Director - Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 205 E 6TH ST, SIOUX FALLS, SD 57104-5931
- In care of
- % JASON VAN SLOTEN
- Signed the 990-EZ
- Jacob Wurth, Director - VP & Treasurer
- Phone
- (605) 595-7043
Mission
Support team members and their immediate families.
Program accomplishments
- Support qualifying individuals who are experiencing a dire financial hardship due to COVID or other difficult life circumstances. Individuals may apply and funds are awarded based on circumstances after approval by the Challenge Fund's Selection Committee.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-0604320
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public safety, disaster preparedness and relief (M12)
- Assets (IRS master file)
- $4,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $0 | $0 | $4,501 | XML |
| 990-EZ | December 2024 | $0 | $4,000 | $4,501 | XML |
| 990-EZ | December 2023 | $0 | $14,001 | $8,501 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 85-0604320).
Questions about CHALLENGE FUND
- What is the EIN of CHALLENGE FUND?
- The employer identification number (EIN) of CHALLENGE FUND is 85-0604320.
- Is CHALLENGE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CHALLENGE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHALLENGE FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CHALLENGE FUND 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 CHALLENGE FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of CHALLENGE FUND?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CHALLENGE FUND have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $0, expenses of $0 and total assets of $4,501 at year end.
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All nonprofits in SIOUX FALLS · South Dakota · Public safety, disaster preparedness and relief