Challenge Foundation
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $664.4k
- Employees
- 0
- Location
- Tigard, OR
- Founding
- 12/1989
- Data as of
- 12/2021
- 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 12/2021, Challenge Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Challenge Foundation has awarded 100 individual grants totaling $18,154,258. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Reinstadler Executive Director | 40 | $132,000 | |
Martha Bryan Trustee | 1 | $0 | |
Ruppert Reinstadler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,002,193 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $363,637 |
| Capital Gain Net Income | $363,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$41,989 |
| Total Revenue | $1,336,371 |
| 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 | $10,666 |
| Depreciation | $3,042 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,489 |
| Printing and publications | $0 |
| Other expenses | $3,162 |
| Total operating and administrative expenses | $179,539 |
| Contributions, gifts, grants paid | $1,847,500 |
| Total expenses and disbursements | $2,027,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,885 |
| Savings and temporary cash investments | $113,413 |
| 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 | $23,084 |
| Net Investments - land, buildings, equipment | $1,144,878 |
| Investments—mortgage loans | $0 |
| Investments—other | $664,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $199,472 |
| Total assets | $2,470,178 |
| Accounts payable and accrued expenses | $1,119 |
| 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 | $50,576 |
| Total liabilities | $51,695 |
Grants Awarded
Over the last fiscal year, Challenge Foundation has awarded $1,847,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: NATIONAL STUDENT CONFERENCE | $350,000 |
GOLDWATER INSTITUTE PURPOSE: VAN SITTERT CENTER PROJECTS | $150,000 |
Phoenix, AZ PURPOSE: HELP REFORM FOSTER KIDS PROGRAMS IN OTHER STATES | $150,000 |
New York, NY PURPOSE: UPCOMING FILMS | $150,000 |
Arlington, VA PURPOSE: EDPRIZE | $150,000 |
New York, NY PURPOSE: PARENT TOOLKIT PROJECT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Challenge Foundation has recieved totaling $414,696.
| Awarding Organization | Amount |
|---|---|
Childrens Advocacy Centers Of North Carolina Inc Graham, NC PURPOSE: CHILDREN'S ADVOCACY SUB-AWARDS | $395,584 |
Prosperity Denver Fund Denver, CO PURPOSE: TO REIMBURSE FOR SCHOLARSHIPS | $19,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |