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The Charlou Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832200839 ✦ Cherry hills village, CO ✦ Designated as a 501(c)(3)

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Overview

What is The Charlou Foundation?

The Charlou Foundation is a nonprofit organization located at 36 Charlou Circle, Cherry Hills Village, Colorado 80111. Its primary mission is to support and contribute to the programs and strategic initiatives of its two affiliated organizations: The Challenge Foundation Inc. and The Challenge Foundation Arizona Inc. These sister organizations are both 501(c)(3) entities, dedicated to making a positive impact. By providing financial and operational support, The Charlou Foundation aims to enhance the effectiveness and reach of their sister organizations' efforts, ultimately benefiting the communities they serve.


Official website here: www.thechallengefoundation.org

Is The Charlou Foundation legitimate?

The Charlou Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Charlou Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thechallengefoundation.org

What is the mission statement of The Charlou Foundation?

The Charlou Foundation's primary role is to aid and enhance the programs and strategic initiatives of two affiliated organizations, namely The Challenge Foundation and The Challenge Foundation Arizona. Both of these entities are 501(c)(3) organizations, dedicated to providing support and resources. The Charlou Foundation's mission is to functionally integrate with these organizations, offering assistance and benefits to further their causes. It serves as a vital support system, contributing to their overall objectives and objectives. The exact nature of these programs and initiatives is not specified in the provided data.


Official website here: www.thechallengefoundation.org

What is the revenue of The Charlou Foundation?

The Charlou Foundation's revenue in 2024 was $3,907,167.


Official website here: www.thechallengefoundation.org

Who are the executives of The Charlou Foundation and what are their salaries?

Here are 5 key members and their salaries:


Arthur D Mcfall (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janis Mcfall (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Schaefer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Myers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thechallengefoundation.org

Where can I find the form 990 for The Charlou Foundation?

The Charlou Foundation's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.thechallengefoundation.org

Learn more at the official website: www.thechallengefoundation.org

Mission Statement of The Charlou Foundation

The Charlou Foundation's primary mission is to aid and bolster the programs and strategic initiatives of two associated nonprofit entities: The Challenge Foundation and The Challenge Foundation Arizona, both classified as 501(c)(3) organizations. Its purpose is to provide support and benefits to these organizations, functioning as a type III, functionally integrated supported organization. In essence, The Charlou Foundation seeks to contribute to the success and effectiveness of these affiliated organizations in their respective missions.

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Impact




October, 2024

The Charlou Foundation plays a significant role in enhancing and advancing the programs and strategic initiatives of the Challenge Foundation and Challenge Foundation Arizona Inc. By providing crucial support, it helps expand access to educational and artistic resources for youth in need. The Foundation is dedicated to creating opportunities that foster personal growth and community engagement, specifically addressing gaps in education and the arts. Its commitment to collaboration ensures that its impact is not only felt within Cherry Hills Village, Colorado, but also resonates throughout the broader communities served by these foundations, ultimately helping to nurture the potential of young individuals and enrich their lives.




This information is meant to be a general summary of The Charlou Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,907,167 (2024)
Expenses
$66,198 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $861,520
  • Gross Receipts: $6,645,729

Assets and Liabilities:

  • Total Assets: $21,781,461
  • Total Liabilities: $0
  • Net Assets: $21,781,461

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Organization Details

Founding Year

2018

Principal Officer

Arthur D Mcfall

NTEE Category

Code: A11 - Arts

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