Challenge Foundation
- Assets
- $844.1k
- Revenue
- $1.6m
- Investments
- $27.0k
- Employees
- 0
- Location
- Tigard, OR
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 58-1817816
Organization Overview
Challenge Foundation is located in Tigard, OR. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Challenge 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 12/2023, Challenge Foundation generated $1.6m 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 (9.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Challenge Foundation has awarded 130 individual grants totaling $21,664,258. 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.
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 |
|---|---|---|---|
Martha Bryan Trustee | 1 | $0 | |
Cheryl Reinstadler Executive Director | 40 | $132,000 | |
Rupert Reinstadler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,526,940 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,666 |
| Capital Gain Net Income | $33,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,597,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,925 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,720 |
| Total operating and administrative expenses | $172,613 |
| Contributions, gifts, grants paid | $1,745,000 |
| Total expenses and disbursements | $1,917,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,545 |
| Savings and temporary cash investments | $567,973 |
| 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 | $8,596 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,993 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,107 |
| Accounts payable and accrued expenses | $6,590 |
| 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 | $6,590 |
Grants Awarded
Over the last fiscal year, Challenge Foundation has awarded $1,745,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON ACADEMY PURPOSE: CHILDREN'S BUSINESS FAIR, MINI-QUEST | $50,000 |
CAROLINA CAN PURPOSE: OUTREACH TO PARENTS RE SCHOOL CHOICE | $90,000 |
EDCHOICE PURPOSE: ABC'S & EDCHOICE 101, EDCHOICE LEGAL | $100,000 |
CENTER FOR RIGHTS OF ABUSED CHILDREN PURPOSE: SUPPORT ONGOING EFFORTS FOR FOSTER CHILDREN | $150,000 |
CASCADE POLICY INSTITUTE PURPOSE: CHILDREN'S SCHOLARSHIP PROGRAM | $50,000 |
NATIONAL OPPORTUNITY PROJECT PURPOSE: SCHOOL CHOICE EXPANSION, CENSORSHIP, ETC. | $100,000 |