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Nonprofiteer
← CHALLENGER SCHOOL FOUNDATION

Form 990 for tax year 2023

Filed by CHALLENGER SCHOOL FOUNDATION.

Totals

Total revenue
$192,136,005
Total expenses
$136,675,852
Contributions and grants received
$50,000
Grants paid
$911,381
Program service revenue
$178,459,606
Investment income
$13,457,137
Other revenue
$169,262
Total assets, end of year
$704,958,051
Total liabilities, end of year
$110,855,565
Net assets or fund balances, end of year
$594,102,486
Program services expenses (Part IX)
$117,229,217
Management and general expenses
$19,446,635
Fundraising expenses
$0
Program service expenses (Part III)
$117,229,217

Program services were 85.8% 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.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 2a · Program service revenue: KINDERGARTEN & ELEMENTARY

    total $104,381,328 · related or exempt $104,381,328

  • 2b · Program service revenue: PRESCHOOL PROGRAMS

    total $51,664,717 · related or exempt $51,664,717

  • 2c · Program service revenue: MIDDLE SCHOOL

    total $21,856,035 · related or exempt $21,856,035

  • 2d · Program service revenue: OTHER TUITION

    total $557,526 · related or exempt $557,526

  • 3 · Investment income

    total $13,863,091 · excluded $13,863,091

  • 5 · Royalties

    total $112,100 · excluded $112,100

  • 6a · Gross rents

    real property $57,162

  • 6c · Rental income or loss

    real property $57,162

  • 6d · Net rental income or loss

    total $57,162 · excluded $57,162

  • 7a · Gross sales of assets other than inventory

    securities $41,139,038

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

    securities $41,544,992

  • 7c · Gain or loss

    securities -$405,954

  • 7d · Net gain or loss

    total -$405,954 · related or exempt -$405,954

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $911,381 · program services $911,381

  • 5 · Compensation of officers, directors and key employees

    total $2,714,934 · program services $971,084 · management and general $1,743,850

  • 7 · Other salaries and wages

    total $81,766,013 · program services $73,569,368 · management and general $8,196,645

  • 9 · Other employee benefits

    total $5,105,129 · program services $4,504,431 · management and general $600,698

  • 10 · Payroll taxes

    total $5,249,369 · program services $4,631,699 · management and general $617,670

  • 11b · Fees: legal

    total $58,797 · program services $36,124 · management and general $22,673

  • 11c · Fees: accounting

    total $100,760 · program services $61,904 · management and general $38,856

  • 12 · Advertising and promotion

    total $3,207,254 · program services $3,207,254

  • 13 · Office expenses

    total $685,230 · program services $227,625 · management and general $457,605

  • 14 · Information technology

    total $4,040,302 · program services $155,930 · management and general $3,884,372

  • 16 · Occupancy

    total $15,529,399 · program services $13,435,736 · management and general $2,093,663

  • 17 · Travel

    total $169,699 · program services $83,537 · management and general $86,162

  • 22 · Depreciation, depletion and amortization

    total $4,649,664 · program services $4,649,664

  • 23 · Insurance

    total $707,842 · program services $660,292 · management and general $47,550

  • 24a · Other expenses: CURRICULUM TEXTBOOKS ETC

    total $3,342,481 · program services $3,138,295 · management and general $204,186

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $2,945,525 · program services $2,769,893 · management and general $175,632

  • 24c · Other expenses: CUSTODIAL

    total $2,844,899 · program services $2,804,363 · management and general $40,536

  • 24d · Other expenses: BANK FEES

    total $795,546 · program services $103 · management and general $795,443

  • 24e · All other expenses

    total $1,851,628 · program services $1,410,534 · management and general $441,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,373,366 · end of year $73,574,062

  • 2 · Savings and temporary cash investments

    beginning of year $118,508,768 · end of year $109,664,224

  • 4 · Accounts receivable

    beginning of year $148,259 · end of year $1,395,863

  • 8 · Inventories for sale or use

    beginning of year $4,126,139 · end of year $3,926,439

  • 10a · Land, buildings and equipment: cost or other basis

    $318,991,595

  • 10b · Land, buildings and equipment: accumulated depreciation

    $73,863,884

  • 10c · Land, buildings and equipment, net

    beginning of year $237,148,073 · end of year $245,127,711

  • 11 · Investments: publicly traded securities

    beginning of year $131,628,491 · end of year $163,394,863

  • 14 · Intangible assets

    beginning of year $16,000 · end of year $16,000

  • 15 · Other assets

    beginning of year $112,000,608 · end of year $107,858,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,616,973 · end of year $8,558,416

  • 19 · Deferred revenue

    beginning of year $11,714,741 · end of year $6,071,323

  • 25 · Other liabilities

    beginning of year $102,769,277 · end of year $96,225,826

  • 27 · Net assets without donor restrictions

    beginning of year $526,848,713 · end of year $594,102,486

Mission and programs · 2023

Mission

CHALLENGER'S EDUCATIONAL OBJECTIVES ARE CONTAINED IN ITS LONG STANDING MISSION WHICH IS TO DELIVER AN EDUCATION THAT: PREPARES CHILDREN TO BECOME SELF-RELIANT, PRODUCTIVE INDIVIDUALS; TEACHES CHILDREN TO THINK, SPEAK, AND WRITE WITH CLARITY, PRECISION, AND INDEPENDENCE; LEADS CHILDREN TO VALUE THEIR INDIVIDUALITY AND UNALIENABLE RIGHTS; AND INSPIRES CHILDREN TO EMBRACE CHALLENGE AND FIND JOY AND SELF-WORTH THROUGH ACHIEVEMENT.

Activities or mission (Part I)

PROMOTE THE EDUCATIONAL OBJECTIVES OF CHALLENGER SCHOOL FOUNDATION BY OPERATING SCHOOLS FOR PRESCHOOL THROUGH EIGHTH GRADE.

  • DURING THE 2023-2024 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 3,451 STUDENTS IN ITS 3 AND 4 YEAR OLD PRESCHOOL PROGRAMS. CHILDREN GRADUATING FROM CHALLENGER'S PRESCHOOL PROGRAMS ARE PREPARED TO ENTER KINDERGARTEN WITH A HEAD START THAT PLACES THEM ONE OR TWO YEARS AHEAD OF THEIR PEERS.

    Expenses $34,562,420 · Revenue $51,664,717

  • DURING THE 2023-2024 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 5,298 STUDENTS IN ITS KINDERGARTEN AND ELEMENTARY SCHOOL PROGRAMS. ON THE MOST RECENT IOWA ASSESSMENTS, CHALLENGER'S AVERAGE KINDERGARTENER OUTSCORED 98 OF 100 TEST TAKERS AT HIS/HER GRADE LEVEL, WITH SIMILAR RESULTS FOR STUDENTS IN GRADES 1 THROUGH 5.

    Expenses $66,996,397 · Grants $674,067 · Revenue $104,381,328

  • DURING THE 2023-2024 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 1,003 STUDENTS IN ITS MIDDLE SCHOOL GRADES. ON THE MOST RECENT IOWA ASSESSMENTS, CHALLENGER'S AVERAGE EIGHTH GRADER OUTSCORED 99 OF 100 TEST TAKERS AT HIS/HER GRADE LEVEL, WITH SIMILAR RESULTS FOR STUDENTS IN GRADES 6 AND 7.

    Expenses $15,057,590 · Grants $237,314 · Revenue $21,856,035

  • CHALLENGER IS COMMITTED TO PROVIDING ITS STUDENTS WITH A SUPERIOR EDUCATION. THE ORGANIZATION CURRENTLY HAS 27 SCHOOLS THROUGHOUT CALIFORNIA, UTAH, IDAHO, NEVADA, AND TEXAS. EACH LOCATION PROVIDES AN EXCELLENT LEARNING ENVIRONMENT WHICH INCLUDES DAILY MEALS AND SNACKS. MANY CHALLENGER LOCATIONS OFFER AN ENRICHMENT PROGRAM FOR STUDENTS WHO NEED TO STAY BEFORE OR AFTER REGULAR SCHOOL HOURS. THIS PROGRAM OFFERS VARIOUS EXTRACURRICULAR CLASSES SUCH AS SOCCER AND OTHER OUTDOOR ACTIVITIES, MUSIC, DANCE, SPECIALIZED ART, CHESS, ROBOTICS, AND FOREIGN LANGUAGE.

    Expenses $612,810 · Revenue $557,526

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hugh Gourgeon

    PRESIDENT

    Total calculated
    $450,013
    From this org
    $437,421
    From related orgs
    $0
    Other
    $12,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,421
    Bonus
    $75,000
    Other
    not reported
    Deferred
    $6,912
    Nontaxable benefits
    $5,680
    Filer's total
    $450,013

  • Tatiana Harper

    DIR SCHOOL O

    Total calculated
    $430,813
    From this org
    $425,146
    From related orgs
    $0
    Other
    $5,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,901
    Bonus
    $94,245
    Other
    not reported
    Deferred
    $5,625
    Nontaxable benefits
    $42
    Filer's total
    $430,813

  • Matthew Cooper

    VP & SECRETA

    Total calculated
    $406,093
    From this org
    $401,179
    From related orgs
    $0
    Other
    $4,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,179
    Bonus
    $65,000
    Other
    not reported
    Deferred
    $4,872
    Nontaxable benefits
    $42
    Filer's total
    $406,093

  • Dave Mounteer

    EXEC REGION

    Total calculated
    $287,141
    From this org
    $267,990
    From related orgs
    $0
    Other
    $19,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,650
    Bonus
    $24,340
    Other
    not reported
    Deferred
    $7,271
    Nontaxable benefits
    $11,880
    Filer's total
    $287,141

  • Richard Bobowski

    DIRECTOR

    Total calculated
    $275,142
    From this org
    $262,890
    From related orgs
    $0
    Other
    $12,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,890
    Bonus
    $14,000
    Other
    not reported
    Deferred
    $6,572
    Nontaxable benefits
    $5,680
    Filer's total
    $275,142

  • Aaron Schiffner

    EXEC REGION

    Total calculated
    $267,498
    From this org
    $251,631
    From related orgs
    $0
    Other
    $15,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,631
    Bonus
    $45,000
    Other
    not reported
    Deferred
    $5,625
    Nontaxable benefits
    $10,242
    Filer's total
    $267,498

  • Craig Buccellato

    EXEC REGION

    Total calculated
    $263,397
    From this org
    $254,526
    From related orgs
    $0
    Other
    $8,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,031
    Bonus
    $43,495
    Other
    not reported
    Deferred
    $1,384
    Nontaxable benefits
    $7,487
    Filer's total
    $263,397

  • Dave Walton

    DIRECTOR

    Total calculated
    $259,610
    From this org
    $248,308
    From related orgs
    $0
    Other
    $11,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,102
    Bonus
    $26,206
    Other
    not reported
    Deferred
    $5,622
    Nontaxable benefits
    $5,680
    Filer's total
    $259,610

  • Lynnette S Hansmann

    DIR OF PUBLI

    Total calculated
    $249,863
    From this org
    $233,988
    From related orgs
    $0
    Other
    $15,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,509
    Bonus
    $32,479
    Other
    not reported
    Deferred
    $5,633
    Nontaxable benefits
    $10,242
    Filer's total
    $249,863

  • Collin R Payne

    OPERATION PR

    Total calculated
    $248,449
    From this org
    $232,582
    From related orgs
    $0
    Other
    $15,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,082
    Bonus
    $22,500
    Other
    not reported
    Deferred
    $5,625
    Nontaxable benefits
    $10,242
    Filer's total
    $248,449

  • Joshua Rippon

    SYSTEMS ANAL

    Total calculated
    $231,155
    From this org
    $215,297
    From related orgs
    $0
    Other
    $15,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,297
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $5,616
    Nontaxable benefits
    $10,242
    Filer's total
    $231,155

  • Ryan Baker

    DIRECTOR

    Total calculated
    $222,576
    From this org
    $208,994
    From related orgs
    $0
    Other
    $13,582
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,654
    Bonus
    $20,340
    Other
    not reported
    Deferred
    $5,484
    Nontaxable benefits
    $8,098
    Filer's total
    $222,576

  • Layne Young

    TREASURER

    Total calculated
    $219,037
    From this org
    $203,034
    From related orgs
    $0
    Other
    $16,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,034
    Bonus
    $11,000
    Other
    not reported
    Deferred
    $5,761
    Nontaxable benefits
    $10,242
    Filer's total
    $219,037

  • Kayleen Wilson

    DIRECTOR

    Total calculated
    $162,382
    From this org
    $155,091
    From related orgs
    $0
    Other
    $7,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,591
    Bonus
    $7,500
    Other
    not reported
    Deferred
    $1,611
    Nontaxable benefits
    $5,680
    Filer's total
    $162,382

  • Hal Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
YEAR-END BONUSES

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BABB INVESTMENTS LLC

    RENTAL · UT · income $9,877,526 · assets $155,392,989

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • EMERALD ISLE LLC

    RENTAL · UT · income $4,022,137 · assets $17,293,906

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • THE DAGNEY GROUP LLC

    RENTAL · UT · income $4,229,062 · assets $27,777,092

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • CHALLENGER MARKETING COMPANY

    EDUC. MAT. · UT · income $98,595 · assets $1,228,877

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
10 December 2024
IRS schema version
2023v5.0
Source object
202403469349300610

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