Charter Oak Challenge Foundation Inc
- Assets
- $390.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, CT
- Founding
- 06/2002
- Data as of
- 12/2020
- EIN
- 06-1620722
Organization Overview
Charter Oak Challenge Foundation Inc is located in Westport, CT. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Oak Challenge Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Charter Oak Challenge Foundation Inc generated $105.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $30.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charter Oak Challenge Foundation Inc has awarded 27 individual grants totaling $660,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Boas Secretary | 20 | $0 | |
Pearl Kane Director | 5 | $0 | |
Andrew Boas Pres/treasurer | 20 | $0 | |
Dick Kalt Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,141 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $690 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,831 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,265 |
| Total expenses | $30,265 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $390,083 |
| Other assets | $0 |
| Total assets | $390,083 |
| Total liabilities | $0 |
| Net assets or fund balances | $390,083 |
Grants Awarded
Over the last fiscal year, Charter Oak Challenge Foundation Inc has awarded $130,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PACE education Strategies | $45,000 |
Fairfield, CT PURPOSE: Program support | $33,000 |
New York, NY PURPOSE: Program support | $25,000 |
New Haven, CT PURPOSE: Program support | $15,000 |
Fairfield, CT PURPOSE: Program support | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charter Oak Challenge Foundation Inc has recieved totaling $25,053.
| Awarding Organization | Amount |
|---|---|
Nancy And Edwin Marks Family Foundation New York, NY PURPOSE: CHARITABLE | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |