Nonprofits›Challenge Foundation Properties Inc
Education
Challenge Foundation Properties Inc
FOREST CITY, NC
Total revenue
$847K
Total expenses
$2.7M
Net assets
$22.4M
Grants received
—
EIN
811808142
Tax year
2023
Mission
To support start-up charter schools through building facilities which are lease to the school until the school is able to secure financing and purchase the school.
Financials
FY 2023
Revenue
Contributions & grants—
Program service revenue$764K
Investment income$80K
Other revenue$2K
Total revenue$847K
Expenses
Grants paid$225K
Salaries & benefits$1.2M
Fundraising—
Other expenses$1.3M
Total expenses$2.7M
Total assets$22.4M
Net assets$22.4M
People
8 listed
NameRoleCompensation
Michael Harrington
Vice-President
Board
$160K
40 hrs/wk
Tracy Banker
Secretary
Board
$160K
40 hrs/wk
Philip Byers
President/ExecDir
Board
$160K
40 hrs/wk
Jennifer McCluney
Finance Officer
Board
$75K
40 hrs/wk
Jason Cole
Member
Board
—
2 hrs/wk
Gary Gammon
Treasurer
Board
—
5 hrs/wk
Tommy Luckadoo
Member
Board
—
2 hrs/wk
Tim Smith
Member
Board
—
2 hrs/wk
Details
EIN811808142
NTEE codeB02
Subsection03
Ruling date2016-08
Formed2016
Employees13
Volunteers10