Kershaws Challenge
- Assets
- $357.5k
- Revenue
- $2.7m
- Investments
- $97.7k
- Employees
- 5
- Location
- Dallas, TX
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-5554866
Organization Overview
Kershaws Challenge is located in Dallas, TX. The organization was established in 2013. 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. As of 12/2021, Kershaws Challenge employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kershaws Challenge 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 12/2021, Kershaws Challenge generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kershaws Challenge has awarded 39 individual grants totaling $11,197,305. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS TO BUILD SCHOOLS AND ORPHANAGES IN ZAMBIA AND SUPPORT OTHER US ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KERSHAW'S CHALLENGE MISSION IS TO PROVIDE FUNDS AND OTHER ASSISTANCE TO BUILD SCHOOLS AND ORPHANAGES IN THE TOWN OF LUSAKA IN THE COUNTRY OF ZAMBIA AND TO PROVIDE SUPPORT FOR OTHER ORGANIZATIONS IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Marie Higginbottom Treasurer | Officer | 40 | $51,000 |
Clayton Kershaw President | Officer | 5 | $0 |
Ellen Kershaw Vice President | Officer | 10 | $0 |
Larry Glasscock Director | Trustee | 2 | $0 |
Dale Petroskey Director | Trustee | 2 | $0 |
Charlotte Clinton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,797,877 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,978,971 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$257,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,743,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,030,113 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,500 |
| Compensation of current officers, directors, key employees. | $100,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,011 |
| Payroll taxes | $18,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,164 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,915 |
| Office expenses | $14,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,865 |
| Travel | $2,712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $81 |
| All other expenses | $2,664 |
| Total functional expenses | $2,555,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $97,720 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $357,482 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $357,482 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $357,482 |
Grants Awarded
Over the last fiscal year, Kershaws Challenge has awarded $2,030,113 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SUPPORT COMMUNITY CENTERS THAT PROVIDED AFTER SCHOOL CHILDREN AND YOUTH PROGRAMS | $450,000 |
Arlington, VA PURPOSE: PROSECUTION OF SEX-TRAFFICKING IN THE DOMINICAN REPUBLIC. | $350,000 |
Fort Worth, TX PURPOSE: TO SUPPORT ORPHANAGE IN ZAMBIA | $350,000 |
Plano, TX PURPOSE: ENDING GLOBAL CHILD WELFARE CRISIS THROUGH TECHNOLOGY AND COLABORATION. | $350,000 |
Claremont, CA PURPOSE: GIVE KIDS IN NEED NEW ATHLETIC SHOES TO ATTEND SCHOOL | $330,113 |
Los Angeles, CA PURPOSE: PROVIDE MEDICAL TREATMENT FOR DISABLED CHILDREN. | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kershaws Challenge has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Light Foundation Inc Denton, TX PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |