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EIN 81-1808142

Challenge Foundation Group

IRS 501(c) type
501(c)(3)
Num. employees
13
City
Forest City
State
North Carolina
Year formed
2016
Most recent tax filings
2024-06-01
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
$846,793
2024
Total expenses
$2,739,585
2024
Total assets
$22,422,455
2024
Num. employees
13
2024

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
Brevard AcademyGen Support$25,000
Davidson Charter AcademyGen Support$25,000
VERITAS Community SchoolGen Support$25,000
...and 4 more grants made

Financials for Challenge Foundation Group

RevenuesFYE 06/2024
Total grants, contributions, etc.$0
Program services$764,382
Investment income and dividends$208,724
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-128,229
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,916
Total revenues$846,793
Data update history
July 31, 2025
Posted financials
Added Form 990 for fiscal year 2024
March 7, 2025
Used new vendors
Identified 1 new vendor, including
November 24, 2024
Updated personnel
Identified 1 new personnel
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
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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