Challenge Foundation Group Inc
To 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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$22.4M
-5.5% YoY
Annual Giving
$225K
Grant Count
9
Avg Grant Size
$25K
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,422,455 | $23,726,858 | $25,448,270 |
| Revenue | $846,793 | $842,174 | $749,090 |
| Expenses | $2,739,585 | $2,918,264 | $3,488,355 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $80,495 | $30,780 | $-184,674 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Challenge Foundation Group Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Philip Byers | President/ExecDir | 40 | $160,200 |
| Michael Harrington | Vice-President | 40 | $160,200 |
| Gary Gammon | Treasurer | 5 | — |
| Tommy Luckadoo | Member | 2 | — |
| Tim Smith | Member | 2 | — |
| Tracy Banker | Secretary | 40 | $160,200 |
| Jennifer McCluney | Finance Officer | 40 | $74,917 |
| Jason Cole | Member | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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