Overview
What is Challenge Fund?
The Challenge Fund is a nonprofit organization that provides support to individuals facing severe financial hardships, either due to the COVID-19 pandemic or other challenging life circumstances. Qualifying applicants may receive financial aid after their circumstances are reviewed and approved by the Challenge Fund's Selection Committee. This assistance extends to support team members and their immediate families. The mission of the Challenge Fund is to alleviate financial distress and offer a helping hand during difficult times.
Is Challenge Fund legitimate?
Challenge Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Challenge Fund submitted a form 990EZ, 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.
What is the mission statement of Challenge Fund?
The Challenge Fund's mission is to assist qualifying individuals who are facing significant financial difficulties due to the impact of COVID-19 or other challenging life circumstances. Applications are reviewed by the Selection Committee, and funds are distributed based on individual circumstances. The fund is designed to support not only the individuals in need but also their immediate family members who are part of the support team.
Who is the CEO of Challenge Fund?
Unavailable
What is the revenue of Challenge Fund?
Challenge Fund's revenue in 2022 was $0.
Who are the executives of Challenge Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Challenge Fund?
Challenge Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Challenge Fund
The Challenge Fund, as a nonprofit organization, is committed to assisting individuals who are grappling with severe financial struggles, either due to the impact of COVID-19 or other challenging life circumstances. This entity offers support to qualified applicants, evaluating their circumstances and awarding funds following approval by the Challenge Fund's Selection Committee. The organization's mission extends to supporting not only the individuals in need but also their immediate family members who are part of the organization's team.
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Impact
October, 2024
Challenge Fund has a significant impact on individuals experiencing dire financial hardship, particularly as a result of COVID-19 or other challenging life circumstances. By providing financial assistance, the fund alleviates some of the immediate burdens faced by applicants, enabling them to stabilize their lives during difficult times.
The selection process ensures that funds are allocated based on individual needs, allowing for targeted support that addresses the unique situations of each applicant. This personalized approach not only helps individuals regain their footing but also fosters resilience and recovery within the community.
The impact extends to supporting team members and their immediate families, creating a ripple effect that strengthens the overall well-being of the local population. By focusing on public safety and welfare, Challenge Fund contributes to building a more secure environment for everyone in Sioux Falls, SD.
This information is meant to be a general summary of Challenge Fund. 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.
Assets and Liabilities:
- Total Assets: $22,502
- Total Liabilities: $0
- Net Assets: $22,502
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Organization Details
Phone
(605) 331-0160Main Address
205 E 6TH ST, SIOUX FALLS, SD, 57104
NTEE Category
Code: M12 - Public safety
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