Challenge Elite Inc
- Assets
- $118.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Friendswood, TX
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-1272467
Organization Overview
Challenge Elite Inc is located in Friendswood, TX. The organization was established in 2018. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge Elite 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 12/2022, Challenge Elite Inc generated $134.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $169.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN 2020 COACHES AND PLAYERS PRACTICED AND COMPETED IN VARIOUSTOURNAMENTS. MOST EXPENSES WERE RELATED TO FACILITY RENTTOURNAMENT FEES, UNIFORMS, GEARS, SUPPLIES AND COACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mai Director & President | 30 | $0 | |
Phuong Henry Director And Secretary | 5 | $0 | |
Gina Mai Director | 1 | $0 | |
Andrew Mai VP & Treasurer | 5 | $0 | |
Freddie Lee Dingfelder Director | 1 | $0 | |
Loc Le Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,934 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,934 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,000 |
| Professional fees and other payments to independent contractors | $52,970 |
| Occupancy, rent, utilities, and maintenance | $26,117 |
| Printing, publications, postage, and shipping | $1,505 |
| Other expenses | $70,797 |
| Total expenses | $169,389 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,376 |
| Other assets | $0 |
| Total assets | $118,466 |
| Total liabilities | $4,150 |
| Net assets or fund balances | $114,316 |