CHALLENGE FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- CHALLENGE FOUNDATION (EIN 58-1817816)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-16
- IRS object ID
- 201523209349102812
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-16T14:38:33-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HABIF AROGETI & WYNNE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FIVE CONCOURSE PARKWAY SUITE 1000 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581817816 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHALLENGE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | c/o Habif Arogeti & Wynne LLP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE FOUNDATION | InCareOfNm |
| Business Name Control | CHAL | BusinessNameControlTxt |
| Phone | 4048929651 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Five Concourse Parkway | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Bryan | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 5034429224 | PhoneNum |
| Signature | 2015-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Robert N Greenberger | PreparerPersonNm |
| PTIN | P00311175 | PTIN |
| Phone | 4048929651 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $17,111,109 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $9,789,972 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $358,728 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $358,728 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,141,755 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,429,913 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,780,764 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $42,013 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $42,013 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,332,468 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,181,505 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $215,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $604,506 | OthEmplSlrsWgsRevAndExpnssAmt |
| Pension Empl Bnft Rev And Expnss | $39,087 | PensionEmplBnftRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $13,122 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $83,157 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $31,010 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $39,340 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,883 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $16,198 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $110,128 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $47,695 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $1,168,233 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $39,893 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,346,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,346,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,514,383 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $39,893 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,346,150 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,818,085 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,141,612 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $501,321 | CashBOYAmt |
| Cash EOY | $365,849 | CashEOYAmt |
| Cash EOYFMV | $365,849 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,322,725 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $982,287 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $982,287 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $57,617 | AcctRcvblAmt |
| Acct Rcvbl BOY | $327,877 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $57,617 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $57,617 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl BOY | $1,312,107 | OtherNtsAndLoansRcvblBOYAmt |
| Prepaid Expenses BOY | $22,801 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $22,801 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $22,801 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $2,438,452 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,493,840 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,493,840 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $8,429,468 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $13,038,879 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,038,879 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $63,821 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $60,779 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $19,769,015 | LandBOYAmt |
| Land EOY | $3,042 | LandEOYAmt |
| Land EOYFMV | $3,042 | LandEOYFMVAmt |
| Other Assets BOY | $148,116 | OtherAssetsBOYAmt |
| Other Assets EOY | $146,794 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $146,794 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $37,271,882 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,111,109 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $17,111,109 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $261,026 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,077 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $462,095 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $462,095 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $723,121 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $465,172 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $36,548,761 | UnrestrictedBOYAmt |
| Unrestricted EOY | $16,645,937 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $36,548,761 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $16,645,937 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $37,271,882 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $17,111,109 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $36,548,761 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,818,085 | ExcessRevenueOverExpensesAmt |
| Subtotal | $38,366,846 | SubtotalAmt |
| Other Decreases | $21,720,909 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $16,645,937 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt |
|---|---|---|---|---|---|---|---|
| PARTNERSHIP K-1S | P | 2014-12-31 | $81,430 | $81,430 | $81,430 | ||
| PARTNERSHIP K-1S | P | 2014-12-31 | $993,454 | $993,454 | $993,454 | ||
| WELLS FARGO | P | 2014-12-31 | $798 | $798 | $798 | ||
| MATISSE DISCOUNTED CLOSED END FD | P | 2014-12-31 | $9,538 | $9,538 | $9,538 | ||
| WELLS FARGO | P | 2014-12-31 | $59,428 | $59,428 | $59,428 | ||
| MATISSE DISCOUNTED CLOSED END FD | P | 2014-12-31 | $780 | $780 | $780 | ||
| GOLDMAN SACHS | D | 2014-10-21 | $1,284,485 | $635,336 | $649,149 | $639,009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,780,764 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $4,121,936 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $14,829,029 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.277964 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,761,320 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $16,457,265 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.107024 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,811,722 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $18,110,417 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.210471 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,102,264 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $17,120,242 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.122794 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,690,924 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $23,098,300 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.116499 | DistributionYr5Rt |
| Total Distribution | 0.834752 | TotalDistributionRt |
| Average Distribution | 0.16695 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $14,508,984 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,422,275 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $21,416 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,443,691 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $8,346,150 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $21,416 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $21,416 | SubtotalAmt |
| Tax Based On Investment Income | $21,416 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $29,633 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $29,633 | TotalPaymentsAndCreditsAmt |
| Overpayment | $8,217 | OverpaymentAmt |
| Applied To ES Tax | $8,217 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | GA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.CHALLENGEFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4048929651 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Five Concourse Parkway Suite 1000 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| JOHN BRYAN | ||||||
| PO BOX 1929 | LAKE OSWEGO | OR | 97035 | TRUSTEE | 0 | $0 |
| MARTHA BRYAN | ||||||
| PO BOX 1929 | LAKE OSWEGO | OR | 97035 | TRUSTEE | 0 | $0 |
| WILLIAM J STEINBROOK JR | ||||||
| PMB 302 1900 PRESTON RD 267 | PLANO | TX | 75093 | EXEC DIRECTOR | 40.0 | $215,000 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| JOAN E LANGE | ||||||
| PMB 302 | PLANO | TX | 75093 | PROGRAM OFFICER | 40.0 | $175,000 |
| CHARLES P BYERS | ||||||
| PMB 302 | PLANO | TX | 75093 | CONSULTANT | 40.0 | $100,000 |
| PATRICIA D STEINBROOK | ||||||
| PMB 302 | PLANO | TX | 75093 | ADMIN | 40.0 | $31,309 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,519,365 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,684,756 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,525,812 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,729,933 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,729,933 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $220,949 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,508,984 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $725,449 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $725,449 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $21,416 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $21,416 | TotalTaxAmt |
| Distributable Before Adj | $704,033 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $704,033 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $704,033 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,346,150 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $8,346,150 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $21,416 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $8,324,734 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $704,033 | DistributableAsAdjustedAmt |
| Prior Year1 | 2012 | PriorYear1Yr |
| Prior Year2 | 2011 | PriorYear2Yr |
| Prior Year3 | 2010 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $1,543,561 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,290,824 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,931,887 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $969,885 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,384,063 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,120,220 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,346,150 | QualifyingDistributionsAmt |
| Applied To Current Year | $704,033 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $7,642,117 | RemainingDistriFromCorpusAmt |
| Total Corpus | $17,762,337 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,543,561 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $16,218,776 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,290,824 | ExcessFromYear4Amt |
| Excess From Year3 | $2,931,887 | ExcessFromYear3Amt |
| Excess From Year2 | $969,885 | ExcessFromYear2Amt |
| Excess From Year1 | $3,384,063 | ExcessFromYear1Amt |
| Excess From Current Year | $7,642,117 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | The Challenge Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1900 PRESTON ROAD 267 | AddressLine1Txt |
| City | PLANO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9728673265 | RecipientPhoneNum |
| Form And Info And Materials | REVIEW THE GRANTMAKING GUIDELINES ON THE FOUNDATION'S WEBSITE. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THERE ARE NO FIXED DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | NO RESTRICTIONS | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED SCHEDULE | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PMB 302 | AddressLine1Txt |
| City | PLANO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | SEE ATTACHED | GrantOrContributionPurposeTxt |
| Amt | $8,346,150 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,346,150 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $358,728 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $42,013 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,141,755 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,542,496 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,542,496 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| John Bryan | |||||||
| 1 | PO Box 1929 | Lake Oswego | OR | 97035 | $4,589,687 | Yes (X) | |
| John Bryan | |||||||
| 2 | pO Box 1929 | lake oswego | OR | 97035 | $5,200,285 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | investment in partnerships | NoncashPropertyDesc |
| Fair Market Value | $5,200,285 | FairMarketValueAmt |
| Received | 2014-12-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $13,122 | Amt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Team CFA Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 817 E Todd Dr | AddressLine1Txt |
| City | Tempe | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85283 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2014-12-31 | GrantDt |
| Grant | $3,660,000 | GrantAmt |
| Purpose Of Grant | to provide ongoing operational support for the organization resulting in the continued .... | PurposeOfGrantTxt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Results Of Verification | see attached. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate securities | StockNm |
| EOY Book Value | $2,493,840 | EOYBookValueAmt |
| EOYFMV | $2,493,840 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | other investments | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $13,038,879 | BookValueAmt |
| EOYFMV | $13,038,879 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| rent deposit | $716 | $716 | $716 |
| compass learning | $89,062 | $146,078 | $146,078 |
| DEPOSITS | $10,000 | ||
| OTHER ASSETS | $48,338 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR PERIOD DIFFERENCES RELATED TO CFP | $21,526,908 |
| UNREALIZED GAIN/LOSS | $194,001 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| DUES & SUBSCRIPTIONS | $1,100 |
| OFFICE EXPENSE | $1,315 |
| TELEPHONE and internet | $11,192 |
| MEALS & ENTERTAINMENT | $13,511 |
| UTILITIES | $1,336 |
| insurance | $5,261 |
| bank charges | $252 |
| postage and delivery | $880 |
| MISCELLANEOUS | $284 |
| NONDEDUCTIBLE EXPENSES PER K-1 | $12,564 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | investment income FROM INVESTMENT K-1'S | Desc |
| Revenue And Expenses Per Books | $42,013 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $42,013 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investments - Capital Calls | Desc |
| BOY Book Value | $462,095 | BOYBookValueAmt |
| EOY Book Value | $462,095 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT MGMT FEES | $31,010 | $31,010 |
| consulting | $50,000 | |
| professional fees | $2,147 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PAYROLL TAXES | $30,457 | |
| EXCISE TAXES | ||
| FOREIGN TAX ON INVESTMENTS | $8,883 | $8,883 |
Comments