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 · View filing
Total Assets
$22.4M
-5.5% YoY
Annual Giving
$225K
Grant Count
9
Avg Grant Size
$25K
About Challenge Foundation Group Inc
Based on IRS filings
Challenge Foundation Group Inc is a nonprofit organization focused on Education, based in FOREST CITY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.4M in total assets. In 2024, it awarded 9 grants totaling $225K. Net investment income was $80K.
Focus Areas
Ready to take the next step with Challenge Foundation Group Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 .
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
The Anne Shuford Mcbryde
ASHEVILLE, NC
Assets
$970K
Grants
19
Total Given
$49K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Challenge Foundation Group Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities