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Nonprofiteer
← CHARLOU FOUNDATION

Form 990 for tax year 2023

Filed by CHARLOU FOUNDATION.

Totals

Total revenue
$3,907,167
Total expenses
$66,198
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$881,407
Other revenue
$3,025,760
Total assets, end of year
$23,439,500
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,439,500
Program services expenses (Part IX)
$0
Management and general expenses
$66,198
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $861,520 · excluded $861,520

  • 7a · Gross sales of assets other than inventory

    securities $2,758,449

  • 7b · Less cost or other basis and sales expenses

    securities $2,738,562

  • 7c · Gain or loss

    securities $19,887

  • 7d · Net gain or loss

    total $19,887 · excluded $19,887

  • 11a · Other revenue: K1 INVESTMENT PASS-THRU

    total $3,025,760 · unrelated business -$2,807 · excluded $3,028,567

  • 11e · Other revenue, total

    $3,025,760

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,400 · management and general $12,400

  • 11f · Fees: investment management

    total $52,739 · management and general $52,739

  • 23 · Insurance

    total $1,059 · management and general $1,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $322,315 · end of year $205,218

  • 2 · Savings and temporary cash investments

    beginning of year $592,630 · end of year $26,021

  • 7 · Other notes and loans receivable

    beginning of year $7,605,000 · end of year $3,273,750

  • 11 · Investments: publicly traded securities

    beginning of year $5,948,198 · end of year $15,849,389

  • 12 · Investments: other securities

    beginning of year $4,945,751 · end of year $4,085,122

  • 27 · Net assets without donor restrictions

    beginning of year $19,413,894 · end of year $23,439,500

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO SUPPORT AND BENEFIT THE PROGRAMS AND STRATEGIC INITIATIVES OF THE CHALLENGE FOUNDATION INC AND THE CHALLENGE FOUNDATION ARIZONA INC, BOTH TYPE III FUNCTIONALLY INTEGRATED SUPPORTED 501(C)(3) ORGANIZATIONS.

Activities or mission (Part I)

THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO SUPPORT AND BENEFIT THE PROGRAMS AND STRATEGIC INITIATIVES OF THE CHALLENGE FOUNDATION AND THE CHALLENGE FOUNDATION ARIZONA INC, BOTH 501(C)(3) ENTITIES.

  • THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO SUPPORT AND BENEFIT THE PROGRAMS AND STRATEGIC INITIATIVES OF THE CHALLENGE FOUNDATION INC AND THE CHALLENGE FOUNDATION ARIZONA INC, BOTH TYPE III FUNCTIONALLY INTEGRATED SUPPORTED 501(C)(3) ORGANIZATIONS.

As filed on the 2023 return.

Listed in Part VII

  • Arthur D McFall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Janis McFall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Schaefer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Allen Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gene Myers

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202510289349301506

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