Challenger School Foundation
- Assets
- $488.2m
- Revenue
- $158.6m
- Investments
- $0.0
- Employees
- 1,517
- Location
- Sandy, UT
- Founding
- 08/2014
- Data as of
- 07/2022
- EIN
- 47-1405971
Organization Overview
Challenger School Foundation is located in Sandy, UT. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Challenger School Foundation employed 1,517 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenger School 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 07/2022, Challenger School Foundation generated $158.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $108.6m during the year ending 07/2022. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE EDUCATIONAL OBJECTIVES OF CHALLENGER SCHOOL FOUNDATION BY OPERATING SCHOOLS FOR PRESCHOOL THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021-2022 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 3,628 STUDENTS IN ITS 3 AND 4 YEAR OLD PRESCHOOL PROGRAMS. CHILDREN GRADUATING FROM CHALLENGER'S PRESCHOOL PROGRAMS ARE PREPARED TO ENTER KINDERGARTEN WITH A HEAD START THAT PLACES THEM ONE OR TWO YEARS AHEAD OF THEIR PEERS.
DURING THE 2021-2022 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 4,912 STUDENTS IN ITS KINDERGARTEN AND ELEMENTARY SCHOOL PROGRAMS. ON THE MOST RECENT IOWA ASSESSMENTS, CHALLENGER'S AVERAGE KINDERGARTENER OUTSCORED 99 OF 100 TEST TAKERS AT HIS/HER GRADE LEVEL, WITH SIMILAR RESULTS FOR STUDENTS IN GRADES 1 THROUGH 5.
DURING THE 2021-2022 SCHOOL YEAR, CHALLENGER EDUCATED APPROXIMATELY 977 STUDENTS IN ITS MIDDLE SCHOOL GRADES. ON THE MOST RECENT IOWA ASSESSMENTS, CHALLENGER'S AVERAGE EIGHTH GRADER OUTSCORED 98 OF 100 TEST TAKERS AT HIS/HER GRADE LEVEL, WITH SIMILAR RESULTS FOR STUDENTS IN GRADES 6 AND 7.
CHALLENGER IS COMMITTED TO PROVIDING ITS STUDENTS WITH A SUPERIOR EDUCATION. THE ORGANIZATION CURRENTLY HAS 27 SCHOOLS THROUGHOUT CALIFORNIA, UTAH, IDAHO, NEVADA, AND TEXAS. EACH LOCATION PROVIDES AN EXCELLENT LEARNING ENVIRONMENT WHICH INCLUDES DAILY MEALS AND SNACKS. MANY CHALLENGER LOCATIONS OFFER AN ENRICHMENT PROGRAM FOR STUDENTS WHO NEED TO STAY BEFORE OR AFTER REGULAR SCHOOL HOURS. THIS PROGRAM OFFERS VARIOUS EXTRACURRICULAR CLASSES SUCH AS SOCCER AND OTHER OUTDOOR ACTIVITIES, MUSIC, DANCE, SPECIALIZED ART, CHESS, ROBOTICS, AND FOREIGN LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tatiana Harper Asst Dir Ope | Officer | 40 | $421,350 |
Hugh Gourgeon President | OfficerTrustee | 40 | $387,654 |
Matthew Cooper VP & Secreta | OfficerTrustee | 40 | $349,370 |
Dave Walton Director | Trustee | 40 | $252,130 |
Richard Bobowski Director | Trustee | 40 | $248,256 |
Dave Mounteer Exec Region | Officer | 40 | $238,002 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Janitorial Express Janitorial | 7/30/22 | $586,708 |
Dlp Services Security | 7/30/22 | $274,744 |
Vp Security Services Security | 7/30/22 | $372,763 |
Blumont Building Services Janitorial | 7/30/22 | $217,886 |
Jurassic Janitorial Janitorial | 7/30/22 | $191,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $150,473,761 |
| Investment income | $2,480,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $105,058 |
| Net Rental Income | $51,830 |
| Net Gain/Loss on Asset Sales | $5,484,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,595,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,519,704 |
| Compensation of current officers, directors, key employees. | $1,635,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,766,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,988,801 |
| Payroll taxes | $4,155,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,385 |
| Fees for services: Accounting | $84,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,849,516 |
| Office expenses | $738,484 |
| Information technology | $1,285,667 |
| Royalties | $0 |
| Occupancy | $13,987,161 |
| Travel | $126,725 |
| 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 | $4,906,440 |
| Insurance | $523,155 |
| All other expenses | $1,334,905 |
| Total functional expenses | $108,612,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,030,252 |
| Savings and temporary cash investments | $76,864,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $447,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,239,784 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $234,265,814 |
| Investments—publicly traded securities | $125,271,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,000 |
| Other assets | $14,064,441 |
| Total assets | $488,200,249 |
| Accounts payable and accrued expenses | $4,518,414 |
| Grants payable | $0 |
| Deferred revenue | $10,120,127 |
| 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 | $5,457,830 |
| Total liabilities | $20,096,371 |
| Net assets without donor restrictions | $468,103,878 |
| 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 | $488,200,249 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Challenger School Foundation has recieved totaling $25,658.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,329 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,329 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Challenger School Foundation Sandy, UT | $488,200,249 | $158,595,175 |
Colorado Academy Denver, CO | $114,741,916 | $44,259,013 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |