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EIN 81-1808142

Challenge Foundation Group

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Forest City
State
North Carolina
Year formed
2016
Most recent tax filings
2023-06-01
NTEE code, primary
B02: Education Management and Technical Assistance
Description
Challenge Foundation Group supports start-up charter schools by financing the construction of their buildings. They then lease these facilities to the schools until they can secure financing to purchase them from CF Properties.
Also known as...
Challenge Foundation Properties
Total revenues
$842,174
2023
Total expenses
$2,918,264
2023
Total assets
$23,726,858
2023
Num. employees
5
2023

Program areas at Challenge Foundation Group

Finance the construction of buildings for startup charter schools in NC then lease the buildings to the schools until they are able to secure financing to purchase the buildings from CF Properties

Grants made by Challenge Foundation Group

GranteeGrant descriptionAmount
VERITAS Community SchoolGeneral Support$100,000
Davidson Charter AcademyGen Support$75,000
Pioneer Preparatory School A Challenge Foundation AcademyGen Support$50,000
...and 4 more grants made

Personnel at Challenge Foundation Group

NameTitleCompensation
Philip ByersExecutive Director$230,368
Gary GammonTreasurer$0
Tracy BankerGeneral Counsel and Director of CF Academies / Board Secretary$173,644
Michael HarringtonVice President$200,340
Charles P ByersChair / President and Executive Director$216,250

Financials for Challenge Foundation Group

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$794,776
Investment income and dividends$30,780
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$16,618
Total revenues$842,174

Form 990s for Challenge Foundation Group

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-04-27990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062021-05-26990View PDF
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
November 25, 2022
Updated personnel
Identified 2 new personnel
August 18, 2021
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsReal estate organizationsSchoolsCharities
Issues
Education
Characteristics
Management and technical assistanceTax deductible donationsAccepts online donations
General information
Address
132 E Main St
Forest City, NC 28043
County
Rutherford County, NC
Website URL
challengefoundationgroup.org/ 
Phone
(704) 813-7919
IRS details
EIN
81-1808142
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B02: Education Management and Technical Assistance
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
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