New Challenge Inc
- Assets
- $266.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 03/1991
- Data as of
- 12/2022
- EIN
- 48-1088516
Organization Overview
New Challenge Inc is located in Hutchinson, KS. The organization was established in 1991. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Challenge 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 12/2022, New Challenge Inc generated $77.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $85.1k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE 2 GROUP HOMES FOR 14 DISABLED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Bretz Chair | 1 | $0 | |
Bob Capps Past Chair | 1 | $0 | |
David Cox Secretary | 1 | $0 | |
Jason Hatch Treasurer | 1 | $0 | |
Maryann Altvater Director | 1 | $0 | |
Gabe Goering Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,433 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,447 |
| 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 | $10,563 |
| Occupancy, rent, utilities, and maintenance | $73,679 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $906 |
| Total expenses | $85,148 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,345 |
| Other assets | $0 |
| Total assets | $266,600 |
| Total liabilities | $283,859 |
| Net assets or fund balances | -$17,259 |