Charter Oak Challenge Foundation Inc
- Assets
- $406.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, CT
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 06-1620722
Organization Overview
Charter Oak Challenge Foundation Inc is located in Westport, CT. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Oak Challenge Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Charter Oak Challenge Foundation Inc generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (35.4%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (27.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charter Oak Challenge Foundation Inc has awarded 27 individual grants totaling $660,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION MAKES GRANTS TO AGENCIES IN BRIDGEPORT, CT TO PROMOTE SCHOLASTIC DEVELOPMENT OF BRIDGEPORT CHILDREN BY IMPROVING ELEMENTARY AND SECONDARY EDUCATION THROUGH ITS SUPPORT OF CHARTER AND PUBLIC SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Boas President/treasurer | 20 | $0 | |
Carol Boas Secretary | 20 | $0 | |
Dick Kalt Director | 5 | $0 | |
Pearl Kane Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,541 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,906 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,447 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,007 |
| Total expenses | $12,707 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $406,829 |
| Other assets | $0 |
| Total assets | $406,829 |
| Total liabilities | $0 |
| Net assets or fund balances | $406,829 |
Grants Awarded
Over the last fiscal year, Charter Oak Challenge Foundation Inc has awarded $130,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: PACE education Strategies | $45,000 |
ACHIEVEMENT FIRST INC PURPOSE: Program support | $15,000 |
FAITHACTS FOR EDUCATION PURPOSE: Program support | $33,000 |
FIVE FROGS PURPOSE: Program support | $12,500 |
TEACH FOR AMERICA-CT PURPOSE: Program support | $25,000 |