Wc Challenger Charities FY2020 filing

Tax-deductible

Decatur, TX501(c)(3)Foundations & GrantmakersEIN 20-2476157

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Raise funds for charitable organizations

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $17K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173K
Spent
$107K
To programs
98%
Net assets
$129K
By yearFY2020–FY2024
Revenue
$173K
FY2020
Revenue by fiscal year
FY2020$173K
FY2021$79K
FY2022$122K
FY2023$103K
FY2024$249K
Expenses
$107K
FY2020
Expenses by fiscal year
FY2020$107K
FY2021$90K
FY2022$114K
FY2023$114K
FY2024$220K
Net assets
$129K
FY2020
Net assets by fiscal year
FY2020$129K
FY2021$118K
FY2022$125K
FY2023$115K
FY2024$145K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $104K Management & general 0% · $250 Fundraising 2% · $2K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President/Treas
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wc Challenger Charities executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises money to support other charities.

Provided by the organization

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3 program services account for $90K of program spending, described in the organization's own filed words · FY2020.
01

The organization sponsored a fundraiser to support scholarships for Wise County students and outstanding teachers

$87Kprogram expense
02

The organization sponsored a fundraiser to support military veterans

$3Kprogram expense
03

The organization holds an annual fundraising event to raise amounts to distribute to various charities

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $508K · 2020–2024
Unitemized GrantFY2024$80,000
Gruver Methodist ChurchFY2024$26,603
Skellytown VfdFY2024$20,000
Gem City VfdFY2024$12,500
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$95,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$90,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2020$97,263
Unitemized GrantFY2020$2,800
Unitemized GrantFY2020$2,100

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$173K
Ln 12
Gifts and grantsLn 1h$173K
Money outPt IX
$107K
Ln 25
Programscol B$104K
Managementcol C$250
Fundraisingcol D$2K
Owns and owesPt X
$129K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$129K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$173K
Fundraising eventsLn 1c$77K
Total revenueLn 12$173K
Assets in detailPt X, end of year
CashLn 1$129K
Cash and savings togetherLn 1–2$129K
Total assetsLn 16$129K
LiabilitiesLn 26$0
Net assetsLn 32$129K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$62K$129K
Total assetsLn 16$62K$129K
LiabilitiesLn 26$0$0
Net assetsLn 32$62K$129K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$102K$102K
Accounting feesLn 11c$250$0$250$0
Advertising and promotionLn 12$774$0$0$774
All other expensesLn 24e$1K$0$0$1K
Total functional expensesLn 25$107K$104K$250$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $249K$220K$30K$145K 990 PDF
FY2023 $103K$114K−$10K$115K 990 PDF
FY2022 $122K$114K$7K$125K 990 PDF
FY2021 $79K$90K−$10K$118K 990 PDF
FY2020 Viewing $173K$107K$66K$129K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $173,031 across 4 lines filed
VIII-1c Fundraising events$77,331
VIII-1f All other contributions, gifts and grants$95,700
VIII-1h Total contributions, gifts and grants$173,031
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$173,031
Part IX · Statement of functional expenses $106,640 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,100$2,100
IX-2 Grants to domestic individualsPrograms $102,163$102,163
IX-11c Accounting feesPrograms $0 · Management $250 · Fundraising $0$250
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $774$774
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $1,353$1,353
IX-25 Total functional expensesPrograms $104,263 · Management $250 · Fundraising $2,127$106,640
Part X · Balance sheet $128,524 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $62,133$128,524
X-16 Total assetsStart of year $62,133$128,524
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $62,133$128,524
X-32 Total net assets or fund balancesStart of year $62,133$128,524
X-33 Total liabilities and net assetsStart of year $62,133$128,524
Part XI · Reconciliation of net assets $128,524 net assets at year end
XI-1 Total revenue$173,031
XI-2 Total expenses$106,640
XI-3 Revenue less expenses$66,391
XI-4 Net assets at start of year$62,133
XI-10 Net assets at end of year$128,524

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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