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Nonprofiteer
← CHARLOU FOUNDATION

Form 990 for tax year 2024

Filed by CHARLOU FOUNDATION.

Totals

Total revenue
$1,025,901
Total expenses
$261,729
Contributions and grants received
$0
Grants paid
$202,192
Program service revenue
$0
Investment income
$1,003,839
Other revenue
$22,062
Total assets, end of year
$24,516,714
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$24,516,714
Program services expenses (Part IX)
$202,192
Management and general expenses
$59,537
Fundraising expenses
$0
Program service expenses (Part III)
$202,192

Program services were 77.3% 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 $1,148,219 · excluded $1,148,219

  • 7a · Gross sales of assets other than inventory

    securities $3,971,860

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

    securities $4,116,240

  • 7c · Gain or loss

    securities -$144,380

  • 7d · Net gain or loss

    total -$144,380 · excluded -$144,380

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

    total $22,062 · excluded $22,062

  • 11e · Other revenue, total

    $22,062

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,192 · program services $202,192

  • 11c · Fees: accounting

    total $6,475 · management and general $6,475

  • 11f · Fees: investment management

    total $51,970 · management and general $51,970

  • 23 · Insurance

    total $1,092 · management and general $1,092

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,218 · end of year $144,463

  • 2 · Savings and temporary cash investments

    beginning of year $26,021 · end of year $217,165

  • 7 · Other notes and loans receivable

    beginning of year $3,273,750 · end of year $5,456,350

  • 11 · Investments: publicly traded securities

    beginning of year $15,849,389 · end of year $14,506,470

  • 12 · Investments: other securities

    beginning of year $4,085,122 · end of year $4,192,266

  • 27 · Net assets without donor restrictions

    beginning of year $23,439,500 · end of year $24,516,714

Mission and programs · 2024

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.

    Expenses $202,192 · Grants $202,192

As filed on the 2024 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

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202640579349301119

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