Form 990 for tax year 2022
Filed by CHALLENGE CENTER FOUNDATION INC.
Totals
- Total revenue
- $147,707
- Total expenses
- $88,603
- Contributions and grants received
- $150,000
- Grants paid
- $71,338
- Program service revenue
- $0
- Investment income
- -$2,293
- Other revenue
- $0
- Total assets, end of year
- $3,382,812
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,382,812
- Program services expenses (Part IX)
- $71,338
- Management and general expenses
- $17,265
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $71,338
Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$150,000
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $78,336 · related or exempt $0 · unrelated business $0 · excluded $78,336
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $2,339,391 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $2,420,020 · other assets $0
-
7c · Gain or loss
securities -$80,629 · other assets $0
-
7d · Net gain or loss
total -$80,629 · related or exempt $0 · unrelated business $0 · excluded -$80,629
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $71,338 · program services $71,338
-
11f · Fees: investment management
total $17,228 · management and general $17,228
-
19 · Conferences, conventions and meetings
total $37 · management and general $37
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,961 · end of year $28,587
-
11 · Investments: publicly traded securities
beginning of year $3,939,276 · end of year $3,354,225
-
27 · Net assets without donor restrictions
beginning of year $3,959,237 · end of year $3,382,812
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
To primarily provide financial support to Challenge Center, a not for profit agency serving people with developmental disabilities. Catholic Charities Bureau Affiliates are organized to maintain, operate and conduct; directly or indirectly; as well as to assist and coordinate activities and Social Services in accordance with the charitable Works and traditions of the Roman Catholic Church. Works are carried out in accordance with Catholic Social teachings.
Activities or mission (Part I)
To primarily provide support of Challenge Center, Inc. programs and services in support of the mission and operations thereof.
-
Challenge Center Foundation, Inc. was created to primarily support the activities and operations of The Challenge Center, Inc. a 501(c)(3) organization, which provides training in daily living skills, semi-independent housing, and work opportunities for individuals with developmental disabilities.
Expenses $71,338 · Grants $71,338 · Revenue $150,000
As filed on the 2022 return.
Listed in Part VII
-
Sherry Mattson
Vice President
- Total calculated
- $1,750
- From this org
- $0
- From related orgs
- $1,750
- Other
- $0
- Hours/week
- 1 + 1 related
-
Kent Phillips
President
- Total calculated
- $0
- Hours/week
- 1
-
Ron Strasburg
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
William Downs III
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Hubbard
Board Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$26,600
To support employee retention and recognition across the entire Catholic Charities Bureau organization including affiliates.
-
$17,575
To support employee retention and recognition across the entire Catholic Charities Bureau organization including affiliates.
-
To support employee retention and recognition across the entire Catholic Charities Bureau organization including affiliates.
-
$6,525
To support employee retention and recognition across the entire Catholic Charities Bureau organization including affiliates.
-
To support employee retention and recognition across the entire Catholic Charities Bureau organization including affiliates.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Social Services · WI
Directly controlled by Catholic Diocese of Superior
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349318052
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.