Parents Challenge
- Assets
- $1.1m
- Revenue
- $699.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 10/2001
- Data as of
- 06/2022
- EIN
- 84-1591310
Organization Overview
Parents Challenge is located in Colorado Springs, CO. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Parents Challenge employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parents Challenge 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 06/2022, Parents Challenge generated $699.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $775.5k during the year ending 06/2022. While expenses have increased by 17.3% 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
TO PROVIDE SCHOLARSHIPS, GRANTS AND PARENT ADVOCACY SESSIONS TO LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION SCHOLARSHIPS, TUTORING AND EDUCATIONAL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Hendrix Executive Director | Officer | 40 | $97,775 |
Steve Everson Treasurer | OfficerTrustee | 5 | $0 |
Steve Schuck Board Chair / Founder | OfficerTrustee | 20 | $0 |
Bob Gardner Trustee | Trustee | 0.2 | $0 |
Kim Shugart Trustee | Trustee | 0.2 | $0 |
Joe Woodford Trustee | Trustee | 0.2 | $0 |
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 | $699,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,459 |
| Total Program Service Revenue | $0 |
| Investment income | $246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,809 |
| Compensation of current officers, directors, key employees. | $10,741 |
| Compensation to disqualified persons | $13,218 |
| Other salaries and wages | $25,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,373 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,868 |
| Advertising and promotion | $8,106 |
| Office expenses | $15,005 |
| Information technology | $38,688 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $3,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,603 |
| Interest | $0 |
| Payments to affiliates | $163 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,940 |
| All other expenses | $0 |
| Total functional expenses | $775,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,772 |
| Savings and temporary cash investments | $102,140 |
| Pledges and grants receivable | $13,760 |
| Accounts receivable, net | $0 |
| 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 | $330,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,093,672 |
| Accounts payable and accrued expenses | $1,210 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $165,000 |
| 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 | $166,210 |
| Net assets without donor restrictions | $894,212 |
| Net assets with donor restrictions | $33,250 |
| 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 | $1,093,672 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Parents Challenge has recieved totaling $162,827.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Woodford Manufacturing Charities Inc Colorado Springs, CO PURPOSE: Charitable Purpose of the Organization | $25,102 |
Myron Stratton Home Colorado Springs, CO PURPOSE: EXPAND COMMUNITY ENGAGEMENT AND EXTEND OUTREACH EFFORTS AND COLLABORATIONS WITH OTHER SERVICE-PROVIDING ORGANIZATIONS. | $15,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: PARENT EMPOWERMENT CLASSES AND WORKSHOPS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |