Nwa Challenge For Hope Inc
- Assets
- $49.3k
- Revenue
- $82.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, AR
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 71-0759789
Organization Overview
Nwa Challenge For Hope Inc is located in Rogers, AR. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nwa Challenge For Hope 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 12/2021, Nwa Challenge For Hope Inc generated $82.4k 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 (14.4%) each year. All expenses for the organization totaled $91.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS TO DISTRIBUTE TO VARIOUS CHARITABLE ORGANIZATIONS IN NORTHWEST ARKANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS TO DISTRIBUTE TO VARIOUS CHARITABLE ORGANIZATIONS IN NORTHWEST ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Apolskis Executive Director | Officer | 20 | $28,000 |
Richie Roberts Chairman | OfficerTrustee | 1 | $0 |
Patti Mcgill Vice-Chair | OfficerTrustee | 1 | $0 |
Chuck Priest Sponsorship Chair | OfficerTrustee | 1 | $0 |
Britain White Golf Chair | OfficerTrustee | 1 | $0 |
Jerry Hudlow Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,105 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,763 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $28,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $14,000 |
| Advertising and promotion | $5,000 |
| Office expenses | $5,849 |
| Information technology | $1,925 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $91,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,000 |
| 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 | $490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,299 |
| 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 | $49,299 |
| 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 | $49,299 |
Grants Awarded
Over the last fiscal year, Nwa Challenge For Hope Inc has awarded $117,741 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rogers, AR PURPOSE: SUPPORT FOR NONPROFIT CAUSE OF FUNDING OTHER NONPROFITS IN THE NW ARKANSAS AREA. | $50,000 |
Rogers, AR PURPOSE: SUPPORT FOR NONPROFIT CAUSE OF FUNDING OTHER NONPROFITS IN THE NW ARKANSAS AREA. | $48,000 |
Springdale, AR PURPOSE: SUPPORT FOR NONPROFIT CAUSE OF FUNDING OTHER NONPROFITS IN THE NW ARKANSAS AREA. | $19,741 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nwa Challenge For Hope Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY PURPOSE: Community Athletic & | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Columbia St Marys Foundation Inc St Louis, MO | $44,777,038 | $4,064,504 |
Chattanooga Chamber Foundation Chattanooga, TN | $7,015,826 | $5,758,264 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |