Overview
What is Parents Challenge?
Parents Challenge is a nonprofit organization situated in Colorado Springs, Colorado. With just three dedicated individuals, they strive to empower low-income families by providing educational resources and opportunities. This includes offering tuition scholarships, tutoring services, and supplying necessary educational materials. Their mission is to ensure that every child, regardless of their family's income level, has the chance to receive an excellent education. In addition to financial assistance, Parents Challenge conducts advocacy sessions for parents, aiming to equip them with the necessary tools to make informed decisions about their children's education.
Official website here: www.parentschallenge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Parents Challenge has received an 81% rating from Charity Navigator, indicating a solid performance in terms of organizational accountability and finance. This rating reflects the nonprofit's strong governance practices, highlighted by a fully independent board and effective policies for conflict of interest, whistleblower protection, and document retention. The charity scored particularly well in its program expense ratio, demonstrating a commitment to directing the majority of its resources toward its mission.
The organization maintains a robust financial structure, with a liabilities-to-assets ratio of 13.46%, suggesting a healthy balance sheet. Additionally, Parents Challenge meets all documentation requirements, ensuring transparency and accountability. Its commitment to governance and financial responsibility is evident in its policies and practices, which foster trust among donors and stakeholders.
While the overall score is commendable, potential supporters may want to look further into the organization’s programmatic impact and effectiveness. While financial health is a key indicator of a charity's reliability, understanding the tangible outcomes of its programs can provide a more comprehensive picture of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Parents Challenge legitimate?
Parents Challenge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parents Challenge 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: $106,809
Professional Fundraising Fees: $4,373
Other Salaries and Wages: $25,310
For more financial information, click here
Official website here: www.parentschallenge.org
What is the mission statement of Parents Challenge?
Parents Challenge, as an organization, is established with a mission to empower low-income parents by providing them with educational choices. This belief stems from the conviction that every child deserves an excellent education, irrespective of their family's income level. To accomplish this, Parents Challenge offers tuition scholarships, tutoring, and educational supplies. Their activities extend beyond financial aid, including conducting parent advocacy sessions to equip low-income families with the necessary tools and knowledge.
Official website here: www.parentschallenge.org
Who is the CEO of Parents Challenge?
Deborah Hendrix is the Executive Director of Parents Challenge.
Official website here: www.parentschallenge.org
What is the revenue of Parents Challenge?
Parents Challenge's revenue in 2022 was $699,705.
Official website here: www.parentschallenge.org
Who are the executives of Parents Challenge and what are their salaries?
The average compensation at Parents Challenge during 2022 was $44,040. There are 3 employees and 25 volunteers at Parents Challenge.
Here are 12 key members and their salaries:
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- Other: $10,902
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Official website here: www.parentschallenge.org
Where can I find the form 990 for Parents Challenge?
Parents Challenge's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parentschallenge.org
Learn more at the official website: www.parentschallenge.org
Mission Statement of Parents Challenge
Parents Challenge, as an organization, is dedicated to empowering low-income parents with educational choices. Their mission is rooted in the belief that every child deserves an excellent education, regardless of their family's income. To achieve this, Parents Challenge offers various forms of assistance, including tuition scholarships, tutoring, and educational supplies. By providing these resources, they aim to level the playing field and ensure that financial constraints do not hinder a child's educational opportunities. In essence, Parents Challenge is committed to bridging the educational gap for low-income families, giving their children a chance at a quality education.
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Impact
July, 2024
Parents Challenge's impact is evident in the transformation of low-income families' access to quality education opportunities. By providing scholarships, grants, and parent advocacy sessions, Parents Challenge empowers parents to make informed decisions about their children's education. Through tuition scholarships, tutoring, and educational supplies, the organization ensures that every child, regardless of their family's income, has the opportunity for an excellent education. This results in improved academic outcomes, increased educational attainment, and a brighter future for the children and families served in Colorado Springs, CO.
This information is meant to be a general summary of Parents Challenge. 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: $246
- Gross Receipts: $699,705
Assets and Liabilities:
- Total Assets: $1,093,672
- Total Liabilities: $166,210
- Net Assets: $927,462
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Organization Details
Founding Year
2001
Phone
(719) 633-4500Principal Officer
Deborah Hendrix
Main Address
2 N Cascade Ave Suite 1280, Colorado Springs, CO, 80903
Website
www.parentschallenge.orgNTEE Category
Code: B82 - Education
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