NonprofitsChallenge Foundation Inc

Education

Challenge Foundation Inc

ENGLEWOOD, CO

Total revenue

$1.6M

Total expenses

$2.0M

Net assets

$5.4M

Grants received

$7.4M

137 grants

EIN

841480014

Tax year

2024

Mission

To help economically disadvantaged children attain college readiness.

Programs

2 programs

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: $994K

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: $604KGrants: $604K

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue
Investment income
Other revenue$32K
Total revenue$1.6M

Expenses

Grants paid$604K
Salaries & benefits$787K
Fundraising$422
Other expenses$583K
Total expenses$2.0M
Total assets$5.4M
Net assets$5.4M

People

9 listed

NameRoleCompensation

MARY ELLEN DALTON

BOARD MEMBER

Board

1 hrs/wk

GENE MYERS

PRESIDENT

Board

5 hrs/wk

ERIN VERNERIS

BOARD MEMBER

Board

1 hrs/wk

JOHN BIRKELBACH

BOARD MEMBER

Board

1 hrs/wk

KARI DAVIS

BOARD MEMBER

Board

1 hrs/wk

LATRICE LEE MCINERNEY

BOARD MEMBER

Board

1 hrs/wk

MARK LIVINGSTON

BOARD MEMBER

Board

1 hrs/wk

ALAN SMILEY

BOARD MEMBER

Board

1 hrs/wk

BEN VALORE-CAPLAN

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 137 of 137

FromAmountPurposeYear
$85K
El Paso Giving Day Grant
2024
$42K
GENERAL PURPOSE
2024
$10K
GENERAL SUPPORT
2024
$10K
Operating
2024
$8K
General operating support
2024
$5K
GENERAL FUND
2024
$5K
SUPPORT CHARITABLE PURPOSE
2024
$3K
CHAR.GIFT-UNDERPRIV CHILDRENS EDUC
2024
$3K
GENERAL OPERATING SUPPORT
2024
$1K
General & Unrestricted
2024
$500
PROGRAM SERVICES
2024
$300K
general fund
2023
$100K
GENERAL
2023
$81K
El Paso Giving Day Grant
2023
$70K
CULTURE & ARTS
2023
$56K
SUPPORT SCHOLARS
2023
$44K
GENERAL PURPOSE
2023
$23K
GENERAL PURPOSE
2023
$20K
For grant recipient's exempt purposes
2023
$11K
YOUTH DEVELOPMENT PROGRAMS
2023
$10K
Operating
2023
$10K
GENERAL OPERATIONS
2023
$10K
General support for programs, operations and other charitable purposes
2023
$8K
GENERAL SUPPORT
2023
$5K
GENERAL FUND
2023
$5K
SUPPORT CHARITABLE PURPOSE
2023
$5K
General & Unrestricted
2023
$3K
CHARITABLE CONTRIBUTION
2023
$2K
CHARITABLE
2023
$1K
CHAR.GIFT-UNDERPRIV CHILDRENS EDUC
2023
$3.3M
TRANSFER CHILD CARE INVESTMENTS
2022
$120K
GENERAL
2022
$101K
YOUTH DEVELOPMENT PROGRAMS
2022
$65K
El Paso Giving Day Grant
2022
$60K
SUPPORT SCHOLARS
2022
$50K
HUMAN SERVICES
2022
$49K
GENERAL PURPOSE
2022
$30K
YOUTH SERVICES
2022
$24K
GENERAL PURPOSE
2022
$20K
For grant recipient's exempt purposes
2022
$15K
GENERAL OPERATING GRANT
2022
$10K
GENERAL OPERATIONS
2022
$10K
contribution for academic and mental health support of current scholars
2022
$10K
ANNUAL GENERAL OPERATING SUPPORT
2022
$10K
Operating
2022
$10K
GENERAL SUPPORT
2022
$5K
Charitable Causes
2022
$5K
GENERAL FUND
2022
$4K
General & Unrestricted
2022
$3K
TO FURTHER EXEMPT ACTIVITIES
2022
$3K
CHAR.GIFT-UNDERPRIV CHILDRENS EDUC
2022
$2K
Charitable Causes
2022
$1K
MATCHING GIFTS
2022
$769
GENERAL FUND
2022
$125K
GENERAL
2021
$50K
HUMAN SERVICES
2021
$16K
For grant recipient's exempt purposes
2021
$16K
For grant recipient's exempt purposes
2021
$10K
Support for tuition assistance for program participants
2021
$10K
Operating
2021
$10K
Support for tuition assistance for program participants
2021
$6K
GENERAL OPERATIONS
2021
$5K
GENERAL FUND
2021
$3K
CHARITABLE GIFT--UNDERPRIVILEGED CHILDRENS EDUCATION
2021
$3K
General & Unrestricted
2021
$2K
General operating support
2021
$111K
For grant recipient's exempt purposes
2020
$100K
general fund
2020
$100K
GENERAL PURPOSE
2020
$81K
GENERAL OPERATING SUPPORT
2020
$56K
SUPPORT SCHOLARS
2020
$45K
EP Giving Day Grant
2020
$15K
GENERAL PURPOSE
2020
$10K
TO SUPPORT SCHOLARSHIPS FOR CHALLENGE STUDENTS
2020
$10K
Operating
2020
$10K
The Challenge Foundation
2020
$10K
GENERAL SUPPORT
2020
$5K
Food distribution related to COVID-19
2020
$5K
Charitable Causes
2020
$5K
Food distribution related to COVID-19
2020
$5K
GENERAL FUND
2020
$3K
General operating support
2020
$3K
CHARITABLE GIFT--UNDERPRIVILEGED CHILDRENS EDUCATION
2020
$3K
General & Unrestricted
2020
$3K
GENERAL OPERATIONS
2020
$2K
Charitable Causes
2020
$2K
LORETTO ACADEMY CHALLENGE PROGRAM EL PASO - ANNUAL AND SUMMER ENRICHMENT PROGRAM
2020
$2K
VOLUNTEER INCENTIVE PROGRAM
2020
$250
Matching Gifts
2020
$126K
For grant recipient's exempt purposes
2019
$75K
GENERAL
2019
$70K
GENERAL PURPOSE
2019
$50K
HUMAN SERVICES
2019
$10K
Operating
2019
$109K
For grant recipient's exempt purposes
2018
$60K
general fund
2018
$10K
FOR UNRESTRICTED USE
2018
$10K
Charitable Causes
2018
$9K
GENERAL SUPPORT
2018
$9K
General Fund
2018
$5K
CHARITABLE GIFT--UNDERPRIVILEGED CHILDRENS EDUCATION
2018
$3K
General & Unrestricted
2018
$2K
Charitable Causes
2018
$101K
PUBLIC, SOCIETAL BENEFIT
2017
$75K
GENERAL
2017
$43K
SOCIAL SERVICES/SOCIAL BENEFITS
2017
$34K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$7.4M from 42 funders · 137 grants · 2017–2024

The Charlou Foundation

$3.3M · 1 grant · 2022

Richard G Miller Memorial Foundation

$620K · 4 grants · 2017–2024

Guetz Foundation

$495K · 5 grants · 2017–2023

Kenny Foundation Inc

$460K · 3 grants · 2018–2023

Fidelity Investments Charitable Gift Fund

$450K · 8 grants · 2017–2023

National Philanthropic Trust

$372K · 6 grants · 2017–2023

Colorado Gives Foundation

$304K · 5 grants · 2019–2024

Paso del Norte Community Foundation

$276K · 4 grants · 2020–2024

Details

EIN841480014
NTEE codeB82
Subsection03
Ruling date1999-04
Formed1998
Employees8
Volunteers98
CHALLENGE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo