2024-09-20T10:15:49-05:00 2023-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990EZ 2023-01-01 061620722 Charter Oak Challenge Foundation Inc CHAR 2032262307 575 Riverside Avenue Suite 202A Westport CT 06880 Andrew Boas President 2032262307 2024-09-20 1 0 Barbara Murphy P01386215 7134395739 2024-09-20 2023 2024-08-08 14:25:15Z X X www.charteroakfoundation.org X X 4447 X 2541 1906 4447 10500 1200 1007 12707 -8260 415089 0 406829 415089 406829 415089 406829 0 0 415089 406829 X The Foundation is dedicated to building better futures for disadvantaged children and their families in Greater Bridgeport, CT. The Foundation makes grants to agencies in Bridgeport, CT to promote scholastic development of Bridgeport children by improving elementary and secondary education through its support of charter and public schools. 10500 10500 10500 Andrew Boas President/Treasurer 20.00 0 0 0 Carol Boas Secretary 20.00 0 0 0 Dick Kalt Director 5.00 0 0 0 Pearl Kane Director 5.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Andrew Boas 575 Riverside Avenue Suite 202A Westport CT 06880 2032262305 0 0 0 0 0 0 0 1 0 0 NONE NONE 1 X 99670 105141 57953 14864 2541 280169 99670 105141 57953 14864 2541 280169 196000 84169 1073 690 451 707 1906 4827 284996 0.29530 0.33220 X The Charter Oak Challenge Foundation Inc. (COCF) submits that throughout its existence to date and in the future, it qualifies as a public charity under Internal Revenue Code 509(a)(1) by satisfying the requirements of Regulations 1.170A-9(f)(3) as follows:(i). Ten Percent Test: COCF has historically and normally can be expected in the future to receive over 10% of its total support from the general public.(ii). Attraction of Public Support: COCF has historically maintained a continuous annual solicitation of funds from the public through a bike-ride challenge in which the general public donates to COCF based on the biking performance of the participants. While COVID has caused a brief cessation of the bike-ride challenge, future bike-ride challenges are expected to provide COCF with more than sufficient public support. In addition, COCF actively solicits former donors and their associates for their continued support of the foundation. (iii). Percentage of Financial Support: COCF received about 29% of its total support from public sources during the past two years and over 35% in prior years. As indicated above, the challenges of COVID have impacted the foundation's one significant public fundraising program.(iv). Sources of Support: COCF receives modest contributions from a representative number of foundations and individuals. As more families struggle to receive appropriate scholastic development services, COCF believes that the general public will be more inclined to help fund its mission.(v) Representative Governing Body: COCF's governing body comprises 4 business leaders. The board continues its search for additional individuals who can bring their skills to COCF. Current and future governing body members are active and engaged in their communities, can support COCF's strategic development plan, have expertise in education, and are actively committed to reaching out for public support.(vi). Availability of Facilities or Services and Public Participation: COCF's programs have historically impacted the public through its grants to educational institutions that provide program-based learning opportunities for potentially at-risk children. The grants help create a scholastic environment where every child receives a quality education. The general public is a beneficiary of COCF's programs.CONCLUSION: COCF believes it qualifies as a publicly supported charity described in IRC 509(a)(1) pursuant to the facts and circumstances test found in Treasury Regulation 1.170A-9(e)(3). COCF has and will receive well in excess of ten percent (10%) of its total support from qualifying public sources. 12707 12707 2541 635 0 0 6053 9465 329 2541 18388 27582 1513 2366 82 635 4596 6894 Form 990-EZ, Part I, Line 4 - Other Investment Income Description: Interest and dividends. Amount: 1,906. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Program activity. Grantee Name: Achievement First Inc.. Grantee Address: 470 James St, Ste 7 New Haven, CT 06513-3175. Grantee Relationship: N/A. Amount Given: 10,000. Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: Program activity. Grantee Name: Westport Rotary Club Foundation. Grantee Address: PO Box 743 Westport, CT 06881-0743. Grantee Relationship: N/A. Amount Given: 500. Total included on Form 990-EZ, line 10: 10,500. Form 990-EZ, Part I, Line 16 - Other Expenses Description: Bank charges. Amount: 125. Description: Office expense. Amount: 784. Description: Website expense. Amount: 98. Total to Form 990-EZ, line 16: 1,007. The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.