Totals
- Total revenue
- $939,239
- Total expenses
- $645,479
- Contributions and grants received
- $843,466
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $22,072
- Other revenue
- $73,701
- Total assets, end of year
- $4,393,342
- Total liabilities, end of year
- $41,464
- Net assets or fund balances, end of year
- $4,351,878
- Program services expenses (Part IX)
- $592,355
- Management and general expenses
- $31,982
- Fundraising expenses
- $21,142
- Program service expenses (Part III)
- $592,355
Program services were 91.8% 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
$843,466
-
3 · Investment income
total $22,072 · excluded $22,072
-
11a · Other revenue: LT CAPITAL GAIN
total $73,701 · excluded $73,701
-
11e · Other revenue, total
$73,701
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $248,487 · program services $248,487
-
8 · Pension plan contributions
total $30,360 · program services $30,360
-
9 · Other employee benefits
total $20,985 · program services $20,985
-
10 · Payroll taxes
total $17,453 · program services $17,453
-
11c · Fees: accounting
total $9,120 · management and general $9,120
-
13 · Office expenses
total $14,675 · management and general $14,675
-
17 · Travel
total $4,624 · program services $3,151 · management and general $1,473
-
23 · Insurance
total $6,714 · management and general $6,714
-
24a · Other expenses: STUDENT SUPPORT
total $141,694 · program services $141,694
-
24b · Other expenses: SUMMER PROGRAM
total $57,358 · program services $57,358
-
24c · Other expenses: FAMILY SUPPORT
total $51,845 · program services $51,845
-
24d · Other expenses: FUNDRAISING
total $21,142 · fundraising $21,142
-
24e · All other expenses
total $21,022 · program services $21,022
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,233,722 · end of year $586,187
-
11 · Investments: publicly traded securities
end of year $1,000,315
-
13 · Investments: program-related
beginning of year $2,837,140 · end of year $2,806,840
-
15 · Other assets
beginning of year $6,855 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $11,469 · end of year $13,744
-
25 · Other liabilities
beginning of year $4,973 · end of year $27,720
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,061,275 · end of year $4,351,878
Mission and programs · 2022
Mission
CHALLENGE FOUNDATION ARIZONA WAS FOUNDED TO HELP ECONOMICALLY DISADVANTAGED CHILDREN ATTAIN COLLEGE READINESS & GRADUATION THROUGH EDUCATIONAL OPPORTUNITIES & HOLISTIC SUPPORT FROM GRADES FIVE THROUGH TWELVE, FOLLOWED BY CONTINUED SUPPORT DURING THE COLLEGE YEARS.
Activities or mission (Part I)
TO HELP ECONOMICALLY DISADVANTAGED CHILDREN ATTAIN COLLEGE READINESS.
-
TUTORING AND MENTORING:THE PROGRAM FLOURISHED DURING THE SCHOOL YEAR WITH TWICE A WEEK TUTORING AND INDIVIDUAL MENTORING. STUDENTS PARTICIPATED IN THE SUMMER PROGRAM AND RECEIVED TUTORING THROUGHOUT THE SCHOOL YEAR AT COLLEGE PREP HIGH AND MIDDLE SCHOOLS. INTERESTED MEN AND WOMEN FROM THE PROFESSIONAL AND BUSINESS COMMUNITY SERVED AS MENTORS TO THE INDIVIDUAL STUDENTS THROUGHOUT THE YEAR. THEY PROVIDED ENCOURAGEMENT AND ENRICHMENT TO THE STUDENTS IN THEIR ACADEMIC AND SOCIAL SKILLS. THE PROGRAM ALSO PROVIDED AN INCREASED LEVEL OF SUPPORT FOR FAMILIES STRUGGLING THROUGH THE PANDEMIC.
Expenses $592,355
As filed on the 2022 return.
Listed in Part VII
-
Mike BrownMIKE BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John BirkelbachJOHN BIRKELBACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gene MyersGENE MYERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Erin VernerisERIN VERNERIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ellen DaltonMARY ELLEN DALTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kari DavisKARI DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Latrice LeeLATRICE LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark LivingstonMARK LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alan SmileyALAN SMILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ben Valore-CaplanBEN VALORE-CAPLAN
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
- 2022
- Filed
- 14 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440549349301014
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