Challenger Foundation
- Assets
- $23.1m
- Revenue
- $1.2m
- Investments
- $21.6m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 01/1998
- Data as of
- 07/2024
- EIN
- 13-7109402
Organization Overview
Challenger Foundation is located in Garden City, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Challenger Foundation 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 07/2024, Challenger Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $252.4k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Challenger Foundation has awarded 28 individual grants totaling $11,370,056. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy E Minehan Trustee | 1 | $0 | |
Elizabeth A Corrigan Trustee | 1 | $0 | |
Karen B Tate Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61,907 |
| Dividends & Interest | $608,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $487,571 |
| Capital Gain Net Income | $487,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,749 |
| Total Revenue | $1,168,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,590 |
| Taxes | $24,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,250 |
| Total operating and administrative expenses | $87,428 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $252,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,471,369 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,041,404 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,094,995 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Challenger Foundation has awarded $165,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE EPISCOPAL ACADEMY PURPOSE: GENERAL | $90,000 |
BLOCK ISLAND MEDICAL CENTER PURPOSE: GENERAL | $10,000 |
BUCKS COUNTY DRAGON BOAT ASSOCIATION PURPOSE: GENERAL | $15,000 |
TRAVIS MANION FOUNDATION PURPOSE: GENERAL | $50,000 |