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CHALLENGE FOUNDATION PROPERTIES INC

EIN 81-1808142 FOREST CITY, NC

Browse the largest nonprofits in North Carolina

Revenue 2024
$949,707
Expenses 2024
$2,287,890

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B02
Classification
2000
Street
132 E MAIN ST STE A

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

To support start-up charter schools through building facilities which are lease to the school until the school is able to secure financing and purchase the school.

  • Finance the construction of buildings for startup charter schools in NC then lease the buildings to the schools until they are able to secure financing to purchase the buildings from CF Properties

    Expenses $1,938,809 · Grants $321,394 · Revenue $949,707

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Philip Byers

    President/ExecDir

    Total calculated
    $346,494
    From this org
    $346,494
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,494
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $346,494

  • Michael Harrington

    Vice-President

    Total calculated
    $217,950
    From this org
    $217,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,950
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $217,950

  • Gary Gammon

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Tommy Luckadoo

    Member

    Total calculated
    $0
    Hours/week
    2

  • Tim Smith

    Member

    Total calculated
    $0
    Hours/week
    2

  • Tracy Banker

    Secretary

    Total calculated
    $195,253
    From this org
    $195,253
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,253
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,253

  • Jennifer McCluney

    Finance Officer

    Total calculated
    $75,569
    From this org
    $75,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jason Cole

    Member

    Total calculated
    $0
    Hours/week
    2

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $949,707
    Expenses
    $2,287,890
    Contributions
    $0
    Grants paid
    $321,394
  • 2023
    Revenue
    $846,793
    Expenses
    $2,739,585
    Contributions
    $0
    Grants paid
    $225,000
  • 2022
    Revenue
    $842,174
    Expenses
    $2,918,264
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $749,090
    Expenses
    $3,488,355
    Assets (EOY)
    $25,448,270

  • 2020 · 990

    Revenue
    $2,761,233
    Expenses
    $3,050,715
    Assets (EOY)
    $29,091,994

  • 2019 · 990

    Revenue
    $2,879,288
    Expenses
    $3,615,727
    Assets (EOY)
    $29,620,732

  • 2018 · 990

    Revenue
    $34,420,580
    Expenses
    $4,072,482
    Assets (EOY)
    $30,356,367

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2017

Tax period
1 July 2017 to 30 June 2018
Principal officer
Charles Philip Byers
Mailing address
152 EAST MAIN STREETFOREST CITY NC 28043

As filed, from the IRS e-Postcard file of 9 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.