Overview
What is The Challenge Foundation Inc?
The Challenge Foundation Inc, located in Cherry Hills Village, Colorado, is a dedicated nonprofit organization with a mission to aid economically disadvantaged children in achieving college readiness. Established with this purpose, the foundation offers educational opportunities and holistic support from grades six through twelve, further extending assistance during their college years. The foundation's flagship project, Project Challenge, was a six-week summer program held at St. Mary's Academy. This program targeted academically promising students from various elementary schools, offering individual attention and a low student-teacher ratio. The curriculum focused on core subjects like language arts, math, science, and computers, complemented by workshops, athletics, field trips, college visits, and career days. Community service and the graduation ceremony were integral parts of the program. The foundation employed a team of eight instructors, consisting of four master teachers and four co-teachers, accommodating 40 students.
Official website here: www.thechallengefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star Rating (73%)
The Challenge Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 73%. While the organization demonstrates strong governance with 100% independent board members and a low liabilities to assets ratio of 1.20%, it faces challenges in financial transparency. A lack of financial statements has significantly impacted its accountability score, which remains a critical area for improvement.
Despite these concerns, The Challenge Foundation excels in its program expense ratio, which stands at an impressive 94.76%. This indicates that a substantial portion of its funding is directed towards its programs, suggesting a commitment to its mission. Additionally, the organization has made strides in community involvement and equity strategies, scoring 77 in both categories.
However, the absence of critical policies such as a whistleblower policy and document retention guidelines highlights areas where the organization could enhance its operational integrity. Addressing these shortcomings may help improve its overall rating and bolster trust among stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Challenge Foundation Inc legitimate?
The Challenge Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Challenge Foundation Inc 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: $354,621
For more financial information, click here
Official website here: www.thechallengefoundation.org
What is the mission statement of The Challenge Foundation Inc?
The Challenge Foundation Inc., established with a mission to aid economically disadvantaged children, aims to help these children achieve college readiness and graduation. It accomplishes this by providing educational opportunities and holistic support from grades six through twelve, followed by continued assistance during the college years. The organization runs a six-week summer program called Project Challenge, which identifies and recruits academically potential students from various elementary schools. The summer program offers individual attention with a low student-teacher ratio and focuses on core subjects like language arts, math, science, and computers. Special activities such as workshops, athletics, field trips, college visits, career days, community service, and a graduation ceremony are also included in the program.
Official website here: www.thechallengefoundation.org
Who is the CEO of The Challenge Foundation Inc?
Arthur D Mcfall is the Principal Officer of The Challenge Foundation Inc.
Official website here: www.thechallengefoundation.org
What is the revenue of The Challenge Foundation Inc?
The Challenge Foundation Inc's revenue in 2022 was $1,824,431.
Official website here: www.thechallengefoundation.org
Who are the executives of The Challenge Foundation Inc and what are their salaries?
The average compensation at The Challenge Foundation Inc during 2022 was $59,104. There are 6 employees and 140 volunteers at The Challenge Foundation Inc.
Here are 25 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thechallengefoundation.org
Where can I find the form 990 for The Challenge Foundation Inc?
The Challenge Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thechallengefoundation.org
Learn more at the official website: www.thechallengefoundation.org
Mission Statement of The Challenge Foundation Inc
The Challenge Foundation, a non-profit organization, was established with the mission to aid economically disadvantaged children in attaining college readiness. Its primary objective is to provide educational opportunities and holistic support to students from grades six through twelve. This support extends beyond the academic sphere, encompassing their overall development. Once these students have gained entrance into top college-preparatory high schools, The Challenge Foundation continues to provide assistance during their college years.
The foundation's approach is multifaceted, focusing on both academic and personal growth. One of its initiatives is Project Challenge, a summer program held at St. Mary's Academy. This program selects eligible elementary schools as resources and actively involves them in the identification and recruitment of students with academic potential. The summer school staff, composed of master teachers and co-teachers, ensures a low student-to-teacher ratio, enabling individual attention for the enrolled 40 students.
The six-week program focuses on core subjects such as language arts, math, science, and computers. In addition to these subjects, special activities like workshops, athletics, field trips, college visits, and career days are organized. Community service and the graduation ceremony are also integral parts of the program. By providing a comprehensive and supportive environment, The Challenge Foundation aims to help economically disadvantaged children overcome barriers and achieve college readiness.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Challenge Foundation Inc's impact lies in providing economically disadvantaged children with the educational opportunities and holistic support they need to attain college readiness and graduation. Through initiatives like Project Challenge, which offers a comprehensive summer program focusing on core academic subjects, extracurricular activities, college visits, and community engagement, the organization is equipping students with the skills and resources necessary to succeed in top college prep high schools and beyond. By supporting students from grades six through twelve and continuing this support during their college years, The Challenge Foundation is making a profound difference in breaking the cycle of poverty and empowering underserved youth to reach their full potential.
This information is meant to be a general summary of The Challenge Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $910
- Gross Receipts: $1,824,431
Assets and Liabilities:
- Total Assets: $2,347,047
- Total Liabilities: $55,277
- Net Assets: $2,291,770
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(720) 203-8888Principal Officer
Arthur D Mcfall
Main Address
36 CHARLOU CIRCLE, CHERRY HILLS VILLAGE, CO, 80111
NTEE Category
Code: B82 - Education
If you are a representative of The Challenge Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.