The Challenge Program INC FY2024 filing

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The Challenge progam, INC. Is a nonprofit organization whose mission is to motivate high school students to develop the habits required to succeed in school and in their careers by building business/education partnerships.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$217K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $120K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$217K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $749K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$885K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+21% vs prior year
Spent
$1.7M
To programs
60%
Net assets
$553K
By yearFY2021–FY2025
Revenue
$1.8M
FY2024▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$1.8M
FY2025$1.9M
Expenses
$1.7M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.3M
FY2023$1.4M
FY2024$1.7M
FY2025$1.8M
Net assets
$553K
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$234K
FY2022$434K
FY2023$476K
FY2024$553K
FY2025$911K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $1.0M Management & general 10% · $163K Fundraising 30% · $508K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $217K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$122,665Pt VII · Sec A
CFO/Secretar
$94,325Pt VII · Sec A
Vice Chair.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Barbara Grandinetti’s $113K as President is at the 39th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Barbara Grandinetti$113,424$122,665$114,146$117,709$110,298
Karen Robatin$83,361$94,325$86,374$88,313$73,976

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Challenge Program INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects students with businesses and educators to build success habits for school and careers.

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1 program · $1.0M · in their own filed words · FY2023
01

The challenge program is a bridge between schools and business to provide incentives to promote students' academic success. High school students are awarded monetary incentives in five award categories: academic excellence, community service, stem (science, technology, engineering, and math), attendance and academic improvement.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 5 grants · $2.1M · 2020–2024
Unitemized GrantFY2024$452,003
Unitemized GrantFY2023$428,682
Unitemized GrantFY2022$391,235
Unitemized GrantFY2021$403,270
Unitemized GrantFY2020$378,350

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$67K
Investment incomeLn 3$18K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.0M
Managementcol C$163K
Fundraisingcol D$508K
Owns and owesPt X
$553K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$885K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$117K
Investment incomeLn 3$18K
Other incomeLn 4–11$67K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Pledges and grants receivableLn 3$30K
Accounts receivableLn 4$200
Prepaid expenses and deferred chargesLn 9$27K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$43K
Total assetsLn 16$1.4M
LiabilitiesLn 26$885K
Net assetsLn 32$553K
OperationsPt I, VI
EmployeesI 514
VolunteersI 6126
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$875K$1.3M
Land, buildings, equipmentLn 10c$39K$28K
Total assetsLn 16$1.0M$1.4M
LiabilitiesLn 26$553K$885K
Net assetsLn 32$476K$553K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$429K$429K
Pay of current officers, directors and key staffLn 5$231K$127K$40K$64K
Other salaries and wagesLn 7$623K$299K$54K$269K
Other employee benefitsLn 9$74K$35K$5K$33K
Payroll taxesLn 10$67K$34K$7K$27K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$55K$20K$4K$31K
Office expensesLn 13$16K$8K$2K$7K
OccupancyLn 16$44K$22K$4K$18K
TravelLn 17$48K$24K$5K$19K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$10K$5K$1K$4K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$62K$13K$21K$29K
All other expensesLn 24e$16K$8K$1K$7K
Total functional expensesLn 25$1.7M$1.0M$163K$508K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 30, 2025 $1.9M$1.8M$109K$911K 990 PDF
FY2024 ViewingFiled with the IRS Oct 15, 2024 $1.8M$1.7M$77K$553K 990 PDF
FY2023Filed with the IRS Oct 31, 2023 $1.5M$1.4M$42K$476K 990 PDF
FY2022Filed with the IRS Oct 14, 2022 $1.5M$1.3M$200K$434K 990 PDF
FY2021Filed with the IRS Oct 15, 2021 $1.3M$1.1M$174K$234K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,771,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,403,177$1,686,525
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,921$18,133
I-11 Other revenuePrior year $58,984$66,512
I-12 Total revenuePrior year $1,467,082$1,771,170
I-13 Grants and similar amounts paidPrior year $391,235$428,682
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $805,764$994,417
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $227,650$271,296
I-18 Total expensesPrior year $1,424,649$1,694,395
I-19 Revenue less expensesPrior year $42,433$76,775
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,771,170 across 7 lines filed
VIII-1e Government grants$117,388
VIII-1f All other contributions, gifts and grants$1,569,137
VIII-1h Total contributions, gifts and grants$1,686,525
VIII-3 Investment incomeExcluded from tax $18,133$18,133
VIII-8 Net income from fundraising events$61,212
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,300$5,300
VIII-12 Total revenueRelated to mission $5,300 · Excluded from tax $18,133$1,771,170
Part IX · Statement of functional expenses $1,694,395 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $428,682$428,682
IX-5 Pay of current officers, directors and key staffPrograms $127,114 · Management $39,584 · Fundraising $64,418$231,116
IX-7 Other salaries and wagesPrograms $298,996 · Management $54,128 · Fundraising $269,379$622,503
IX-9 Other employee benefitsPrograms $35,325 · Management $5,297 · Fundraising $33,102$73,724
IX-10 Payroll taxesPrograms $33,537 · Management $6,707 · Fundraising $26,830$67,074
IX-11c Accounting feesManagement $10,885$10,885
IX-11g Other fees for servicesPrograms $19,986 · Management $3,997 · Fundraising $30,764$54,747
IX-13 Office expensesPrograms $8,246 · Management $1,649 · Fundraising $6,596$16,491
IX-16 OccupancyPrograms $22,190 · Management $4,438 · Fundraising $17,752$44,380
IX-17 TravelPrograms $23,842 · Management $4,768 · Fundraising $19,073$47,683
IX-19 Conferences, conventions and meetingsManagement $2,426$2,426
IX-22 Depreciation, depletion and amortizationPrograms $5,194 · Management $1,039 · Fundraising $4,155$10,388
IX-23 InsuranceManagement $6,086$6,086
IX-24 Other expenses (24a–d)Programs $12,865 · Management $20,787 · Fundraising $28,642$62,294
IX-24e All other expensesPrograms $7,515 · Management $1,124 · Fundraising $7,277$15,916
IX-25 Total functional expensesPrograms $1,023,492 · Management $162,915 · Fundraising $507,988$1,694,395
Part X · Balance sheet $1,438,030 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $48,600$9,600
X-2 Savings and temporary cash investmentsStart of year $826,671$1,299,739
X-3 Pledges and grants receivableStart of year $15,876$30,055
X-4 Accounts receivableStart of year $200$200
X-9 Prepaid expenses and deferred chargesStart of year $14,771$27,059
X-10c Land, buildings and equipment, netStart of year $38,540$28,152
X-15 Other assetsStart of year $84,422$43,225
X-16 Total assetsStart of year $1,029,080$1,438,030
X-17 Accounts payable and accrued expensesStart of year $346,901$387,635
X-19 Deferred revenueStart of year $120,000$452,625
X-25 Other liabilitiesStart of year $85,728$44,544
X-26 Total liabilitiesStart of year $552,629$884,804
X-27 Net assets without donor restrictionsStart of year $476,451$553,226
X-32 Total net assets or fund balancesStart of year $476,451$553,226
X-33 Total liabilities and net assetsStart of year $1,029,080$1,438,030
Part XI · Reconciliation of net assets $553,226 net assets at year end
XI-1 Total revenue$1,771,170
XI-2 Total expenses$1,694,395
XI-3 Revenue less expenses$76,775
XI-4 Net assets at start of year$476,451
XI-10 Net assets at end of year$553,226

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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