Challenge Foundation Group Inc

Education organization based in Forest City, NC. 13 employees. Exempt under §501(c)(3).

MissionTo support start-up charter schools through building facilities which are lease to the school until the school is able to secure financing and purchase the school.

EIN
81-1808142
State
NC
Sector
Education
Budget band
$500K–$1M
Latest filing
TY 2023
Records
3 officers · 3 years

Financial snapshot · TY 2023

$847K
Total revenue
$2.7M
Total expenses
$22.4M
Net assets

Financial health · TY 2023

78
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
98.2 months of expenses
Program efficiency
78
81.2% spent on programs
Revenue diversity
35
Mix of program fees, grants & contributions

Leadership compensation

Philip Byers
President/ExecDir
$160,200
92th percentile vs. peers
Tracy Banker
Secretary
$160,200
98th percentile vs. peers
Jennifer Mccluney
Finance Officer
$74,917
66th percentile vs. peers

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Challenge Foundation Group Inc Executive Compensation | 990 Data | DoubleNine