Parents Challenge
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 10/2001
- Data as of
- 06/2023
- EIN
- 84-1591310
Organization Overview
Parents Challenge is located in Colorado Springs, CO. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Parents Challenge employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parents Challenge 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 06/2023, Parents Challenge generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $940.9k during the year ending 06/2023. While expenses have increased by 17.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DISRUPT THE LEGACY OF EDUCATIONAL FAILURE BY PROVIDING FAMILIES INFORMATION, TRAINING, MENTORING, TOOLS, AND FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022-2023 SCHOOL YEAR, WE IMPACTED 169 FAMILIES AND SUPPORTED 303 SCHOLARS. WE GIVE PARENTS THE OPPORTUNITY TO HAVE A VOICE - TO HAVE A CHOICE - IN SELECTING THE BEST EDUCATIONAL SITUATION FOR THEIR CHILDREN. THIS IS A CRITICAL STEP IN MOVING AT-RISK STUDENTS FROM CHALLENGING LIFE SITUATIONS INTO LIVES OF CONFIDENCE, ACHIEVEMENT, AND STABILITY.
THROUGH OUR EXPANDED EFFORTS, WE WILL IMPROVE ACADEMIC ACHIEVEMENT FOR STUDENTS BY BEING (1) AN INFORMATIONAL RESOURCE FOR ALL FAMILIES AND (2) A FINANCIAL RESOURCE FOR FAMILIES IN LOW SOCIO-ECONOMIC CIRCUMSTANCES. AN ANECDOTAL FROM ONE OF OUR FAMILIES. "THE EMPOWERMENT WE AS A FAMILY HAVE GAINED, SUCH AS KNOWLEDGE OF COMMUNITY RESOURCES, WAYS IN WHICH WE CAN ADVOCATE, AND THE UNDERSTANDING THAT WE HAVE CHOICE HAS ALLOWED OUR FAMILY TO GROW AND TAKE ADVANTAGE OF ALL OPPORTUNITIES AVAILABLE TO US. OUR CHILDREN'S SUCCESS REMAINS OUR MISSION, AND WE ARE GRATEFUL AND THANKFUL THAT PARENTS CHALLENGE BELIEVED AND INVESTED IN US." - TORRES FAMILY
OUR CHALLENGES ARE PARENTAL AND SCHOLAR-CENTRIC AS SOME OF OUR STUDENTS ARE STILL STRUGGLING SINCE COVID IN TRYING TO CATCH UP ACADEMICALLY. WE HAVE CONTINUED TO PROVIDE TUTORING AND BRAIN INTEGRATION THAT ARE BREAKING MANY OF THESE BARRIERS TO HELP STUDENTS INCREASE THEIR ACADEMIC PROGRESS IN READING AND MATH. WE HAVE EXPERIENCED SEVERAL BREAKTHROUGHS THIS YEAR. PARENTS ALSO HAVE HIGHLIGHTED THEIR CHILDREN'S SOCIAL-EMOTIONAL AND MENTAL HEALTH CONCERNS. BASED ON THEIR COMMENTS, MANY WERE PROACTIVE AND HAVE TAKEN STEPS TO ADDRESS AND TREAT THEIR CHILDREN'S HEALTH ISSUES. PARENTS CHALLENGE HAS PROVIDED SUPPORT TO FAMILIES REQUESTING SUPPORT FOR THEIR SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Hendrix Executive Director | Officer | 40 | $89,004 |
Steve Schuck Board Chair / Founder | OfficerTrustee | 20 | $0 |
Steve Everson Secretary/ Treasurer | OfficerTrustee | 5 | $0 |
Lisa Jessee Vice Chair | OfficerTrustee | 5 | $0 |
Robert Gardner Trustee | Trustee | 0.2 | $0 |
Kim Shugart Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,145,588 |
| Noncash contributions included in lines 1a–1f | $100,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,145,588 |
| Total Program Service Revenue | $0 |
| Investment income | $798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,146,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $476,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,831 |
| Compensation of current officers, directors, key employees. | $7,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,843 |
| Pension plan accruals and contributions | $1,120 |
| Other employee benefits | $6,513 |
| Payroll taxes | $14,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,577 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,245 |
| Advertising and promotion | $0 |
| Office expenses | $27,458 |
| Information technology | $40,689 |
| Royalties | $0 |
| Occupancy | $1,493 |
| Travel | $6,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,582 |
| All other expenses | $15,000 |
| Total functional expenses | $940,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,979 |
| Savings and temporary cash investments | $323,316 |
| Pledges and grants receivable | $298,316 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $300,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,323,611 |
| Accounts payable and accrued expenses | $28,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $150,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $178,194 |
| Net assets without donor restrictions | $845,611 |
| Net assets with donor restrictions | $299,806 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,323,611 |