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Nonprofiteer
← CHALLENGER SCHOOL FOUNDATION

Form 990 for tax year 2024

Filed by CHALLENGER SCHOOL FOUNDATION.

Totals

Total revenue
$209,931,404
Total expenses
$148,923,765
Contributions and grants received
$105,000
Grants paid
$881,062
Program service revenue
$186,650,404
Investment income
$23,040,454
Other revenue
$135,546
Total assets, end of year
$806,488,287
Total liabilities, end of year
$140,607,862
Net assets or fund balances, end of year
$665,880,425
Program services expenses (Part IX)
$129,820,362
Management and general expenses
$19,103,403
Fundraising expenses
$0
Program service expenses (Part III)
$129,820,362

Program services were 87.2% 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

    $105,000

  • 2a · Program service revenue: KINDERGARTEN & ELEMENTARY

    total $108,410,874 · related or exempt $108,410,874

  • 2b · Program service revenue: PRESCHOOL PROGRAMS

    total $52,944,869 · related or exempt $52,944,869

  • 2c · Program service revenue: MIDDLE SCHOOL

    total $24,471,970 · related or exempt $24,471,970

  • 2d · Program service revenue: OTHER TUITION

    total $822,691 · related or exempt $822,691

  • 3 · Investment income

    total $16,543,792 · excluded $16,543,792

  • 5 · Royalties

    total $80,287 · excluded $80,287

  • 6a · Gross rents

    real property $55,259

  • 6c · Rental income or loss

    real property $55,259

  • 6d · Net rental income or loss

    total $55,259 · excluded $55,259

  • 7a · Gross sales of assets other than inventory

    securities $45,777,795

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

    securities $39,281,133

  • 7c · Gain or loss

    securities $6,496,662

  • 7d · Net gain or loss

    total $6,496,662 · related or exempt $6,496,662

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $881,062 · program services $881,062

  • 5 · Compensation of officers, directors and key employees

    total $2,876,346 · program services $1,056,482 · management and general $1,819,864

  • 7 · Other salaries and wages

    total $87,811,025 · program services $80,737,451 · management and general $7,073,574

  • 9 · Other employee benefits

    total $5,542,278 · program services $4,998,763 · management and general $543,515

  • 10 · Payroll taxes

    total $5,585,731 · program services $5,037,955 · management and general $547,776

  • 11b · Fees: legal

    total $24,887 · program services $14,806 · management and general $10,081

  • 11c · Fees: accounting

    total $104,343 · program services $62,076 · management and general $42,267

  • 12 · Advertising and promotion

    total $3,541,356 · program services $3,541,356

  • 13 · Office expenses

    total $767,419 · program services $247,527 · management and general $519,892

  • 14 · Information technology

    total $4,117,905 · program services $29,255 · management and general $4,088,650

  • 16 · Occupancy

    total $14,971,089 · program services $13,882,783 · management and general $1,088,306

  • 17 · Travel

    total $203,221 · program services $86,228 · management and general $116,993

  • 22 · Depreciation, depletion and amortization

    total $5,372,303 · program services $5,372,303

  • 23 · Insurance

    total $661,765 · program services $633,601 · management and general $28,164

  • 24a · Other expenses: CURRICULUM TEXTBOOKS ETC

    total $3,565,541 · program services $3,367,895 · management and general $197,646

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $3,557,731 · program services $2,645,098 · management and general $912,633

  • 24c · Other expenses: SECURITY

    total $2,913,055 · program services $2,863,057 · management and general $49,998

  • 24d · Other expenses: CUSTODIAL

    total $2,908,267 · program services $2,873,472 · management and general $34,795

  • 24e · All other expenses

    total $3,518,441 · program services $1,489,192 · management and general $2,029,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,574,062 · end of year $76,301,419

  • 2 · Savings and temporary cash investments

    beginning of year $109,664,224 · end of year $98,327,670

  • 4 · Accounts receivable

    beginning of year $1,395,863 · end of year $269,077

  • 8 · Inventories for sale or use

    beginning of year $3,926,439 · end of year $3,989,257

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

    $322,453,953

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

    $79,196,532

  • 10c · Land, buildings and equipment, net

    beginning of year $245,127,711 · end of year $243,257,421

  • 11 · Investments: publicly traded securities

    beginning of year $163,394,863 · end of year $244,521,850

  • 14 · Intangible assets

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

  • 15 · Other assets

    beginning of year $107,858,889 · end of year $139,805,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,558,416 · end of year $6,740,167

  • 19 · Deferred revenue

    beginning of year $6,071,323 · end of year $10,168,340

  • 25 · Other liabilities

    beginning of year $96,225,826 · end of year $123,699,355

  • 27 · Net assets without donor restrictions

    beginning of year $594,102,486 · end of year $665,880,425

Mission and programs · 2024

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 2024-2025 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 3,212 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 $35,757,346 · Revenue $52,944,869

  • DURING THE 2024-2025 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 5,179 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 $73,964,086 · Grants $702,365 · Revenue $108,410,874

  • DURING THE 2024-2025 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 1,059 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 $19,111,601 · Grants $178,697 · Revenue $24,471,970

  • 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 $987,329 · Revenue $822,691

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hugh Gourgeon

    PRESIDENT

    Total calculated
    $457,570
    From this org
    $443,970
    From related orgs
    $0
    Other
    $13,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $368,970
    Bonus
    $75,000
    Other
    not reported
    Deferred
    $7,625
    Nontaxable benefits
    $5,975
    Filer's total
    $457,570

  • Tatiana Harper

    DIR SCHOOL O

    Total calculated
    $437,721
    From this org
    $431,918
    From related orgs
    $0
    Other
    $5,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,687
    Bonus
    $78,231
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $53
    Filer's total
    $437,721

  • Matthew Cooper

    VP & SECRETA

    Total calculated
    $416,952
    From this org
    $411,199
    From related orgs
    $0
    Other
    $5,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,199
    Bonus
    $65,000
    Other
    not reported
    Deferred
    $5,700
    Nontaxable benefits
    $53
    Filer's total
    $416,952

  • Craig Buccellato

    EXEC REGION

    Total calculated
    $329,993
    From this org
    $316,161
    From related orgs
    $0
    Other
    $13,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,216
    Bonus
    $69,945
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $8,082
    Filer's total
    $329,993

  • Dave Mounteer

    EXEC REGION

    Total calculated
    $300,089
    From this org
    $279,770
    From related orgs
    $0
    Other
    $20,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,048
    Bonus
    $24,722
    Other
    not reported
    Deferred
    $7,500
    Nontaxable benefits
    $12,819
    Filer's total
    $300,089

  • Richard Bobowski

    DIRECTOR

    Total calculated
    $297,315
    From this org
    $284,234
    From related orgs
    $0
    Other
    $13,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,234
    Bonus
    $18,000
    Other
    not reported
    Deferred
    $7,106
    Nontaxable benefits
    $5,975
    Filer's total
    $297,315

  • Dave Walton

    DIRECTOR

    Total calculated
    $294,570
    From this org
    $282,845
    From related orgs
    $0
    Other
    $11,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,307
    Bonus
    $43,538
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $5,975
    Filer's total
    $294,570

  • Aaron Schiffner

    EXEC REGION

    Total calculated
    $285,679
    From this org
    $270,002
    From related orgs
    $0
    Other
    $15,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,290
    Bonus
    $49,712
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $9,927
    Filer's total
    $285,679

  • Ryan Baker

    DIRECTOR

    Total calculated
    $283,968
    From this org
    $269,633
    From related orgs
    $0
    Other
    $14,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,921
    Bonus
    $73,712
    Other
    not reported
    Deferred
    $5,821
    Nontaxable benefits
    $8,514
    Filer's total
    $283,968

  • Lynnette S Hansmann

    DIR OF PUBLI

    Total calculated
    $260,833
    From this org
    $244,331
    From related orgs
    $0
    Other
    $16,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,331
    Bonus
    $30,000
    Other
    not reported
    Deferred
    $5,736
    Nontaxable benefits
    $10,766
    Filer's total
    $260,833

  • Collin R Payne

    OPERATION PR

    Total calculated
    $259,176
    From this org
    $242,660
    From related orgs
    $0
    Other
    $16,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,660
    Bonus
    $25,000
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $10,766
    Filer's total
    $259,176

  • Joshua Rippon

    SYSTEMS ANAL

    Total calculated
    $249,029
    From this org
    $233,352
    From related orgs
    $0
    Other
    $15,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,352
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $5,750
    Nontaxable benefits
    $9,927
    Filer's total
    $249,029

  • Layne Young

    TREASURER

    Total calculated
    $231,530
    From this org
    $214,713
    From related orgs
    $0
    Other
    $16,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,713
    Bonus
    $13,000
    Other
    not reported
    Deferred
    $6,051
    Nontaxable benefits
    $10,766
    Filer's total
    $231,530

  • Kayleen Wilson

    DIRECTOR

    Total calculated
    $171,799
    From this org
    $164,584
    From related orgs
    $0
    Other
    $7,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,584
    Bonus
    $8,000
    Other
    not reported
    Deferred
    $411
    Nontaxable benefits
    $6,804
    Filer's total
    $171,799

  • 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 $15,228,660 · assets $173,050,290

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • EMERALD ISLE LLC

    RENTAL · UT · income $4,144,553 · assets $16,988,459

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • THE DAGNEY GROUP LLC

    RENTAL · UT · income $4,359,856 · assets $27,386,948

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

  • CHALLENGER MARKETING COMPANY

    EDUC. MAT. · UT · income $50,460 · assets $1,279,312

    Directly controlled by CHALLENGER CHALLENGER SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.0
Source object
202513499349301531

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