Challenger School Foundation FY2024 filing

Tax-deductible

Sandy, UT501(c)(3)Since 1969EducationEIN 47-1405971

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Promote the educational objectives of Challenger School Foundation by operating schools for preschool through eighth grade.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$3.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
4 of 4
filings with a surplus
Average surplus $45.7M a year · 26% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.8M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$110.9M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 7 voting members
Worth a look: 1 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192.1M
+6% vs prior year
Spent
$136.7M
To programs
86%
Net assets
$594.1M
By yearFY2021–FY2025
Revenue
$192.1M
FY2024▲ +6%
Revenue by fiscal year
FY2021$110.0M
FY2023$180.5M
FY2024$192.1M
FY2025$209.9M
Expenses
$136.7M
FY2024▲ +10%
Expenses by fiscal year
FY2021$99.6M
FY2023$124.6M
FY2024$136.7M
FY2025$148.9M
Net assets
$594.1M
FY2024▲ +13%
Net assets by fiscal year
FY2021$433.3M
FY2023$526.8M
FY2024$594.1M
FY2025$665.9M

From the FY2024 Form 990 (year ending July 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 Aug 2014.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $117.2M Management & general 14% · $19.4M

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

15 people listed on the 990; $3.8M 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
President
$437,421Pt VII · Sec A
Dir School O
$425,146Pt VII · Sec A
VP & Secreta
$401,179Pt VII · Sec A
Exec Region
$267,990Pt VII · Sec A
$262,890Pt VII · Sec A
Exec Region
$254,526Pt VII · Sec A
Exec Region
$251,631Pt VII · Sec A
Director
$248,308Pt VII · Sec A

Hugh Gourgeon’s $444K as President is at the 30th percentile of top reported officer pay among 674 $100M+ education 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Hugh Gourgeon$443,970$437,421$436,562$362,350
Tatiana Harper$431,918$425,146$418,439$337,968
Matthew Cooper$411,199$401,179$372,598$325,258
Craig Buccellato$316,161$254,526$194,850—
Richard Bobowski$284,234$262,890$259,752$248,874
Dave Walton$282,845$248,308$232,674$219,146
Dave Mounteer$279,770$267,990$251,237$215,793
Aaron Schiffner$270,002$251,631$246,056$200,834

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.

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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 15aYes

Programs and updates

Operates schools for preschool through eighth grade, promoting educational objectives.

Provided by the organization

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3 program services account for $116.6M of program spending, described in the organization's own filed words · FY2023.
01

During the 2023-2024 school year, challenger educated approximately 5,298 students in its kindergarten and elementary school programs. On the most recent iowa assessments, challenger's average kindergartener outscored 98 of 100 test takers at HIS/HER grade level, with similar results for students in grades 1 through 5.

$67.0Mprogram expense
02

During the 2023-2024 school year, challenger educated approximately 3,451 students in its 3 and 4 year old preschool programs. Children graduating from challenger's preschool programs are prepared to enter kindergarten with a head start that places them one or two years ahead of their peers.

$34.6Mprogram expense
03

During the 2023-2024 school year, challenger educated approximately 1,003 students in its middle school grades. On the most recent iowa assessments, challenger's average eighth grader outscored 99 of 100 test takers at HIS/HER grade level, with similar results for students in grades 6 and 7.

$15.1Mprogram expense

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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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$36K
Grants paid · 3 grants · $135K · 2022–2024
Unitemized GrantFY2024$36,000
Unitemized GrantFY2023$52,000
Unitemized GrantFY2022$47,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$192.1M
Ln 12
Fees for servicesLn 2g$178.5M
Investment incomeLn 3$13.5M
Other incomeLn 4–11$169K
Money outPt IX
$136.7M
Ln 25
Programscol B$117.2M
Managementcol C$19.4M
Owns and owesPt X
$594.1M
net assets · Ln 32
Cash and savingsLn 1–2$183.2M
Total assetsLn 16$705.0M
LiabilitiesLn 26$110.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A14
Voting boardVI 1a7
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$178.5M
Investment incomeLn 3$13.5M
Other incomeLn 4–11$169K
Gains on assetsLn 7−$406K
Total revenueLn 12$192.1M
Assets in detailPt X, end of year
CashLn 1$73.6M
SavingsLn 2$109.7M
Cash and savings togetherLn 1–2$183.2M
InvestmentsLn 11–13$163.4M
Land, buildings, equipmentLn 10c$245.1M
Other assetsLn 15$107.9M
Total assetsLn 16$705.0M
LiabilitiesLn 26$110.9M
Net assetsLn 32$594.1M
OperationsPt I, VI
EmployeesI 51,380
Fiscal year endsHeaderJuly
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$161.9M$183.2M
InvestmentsLn 11–13$131.6M$163.4M
Land, buildings, equipmentLn 10c$237.1M$245.1M
Total assetsLn 16$646.9M$705.0M
LiabilitiesLn 26$120.1M$110.9M
Net assetsLn 32$526.8M$594.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$911K$911K
Pay of current officers, directors and key staffLn 5$2.7M$971K$1.7M
Other salaries and wagesLn 7$81.8M$73.6M$8.2M
Other employee benefitsLn 9$5.1M$4.5M$601K
Payroll taxesLn 10$5.2M$4.6M$618K
Legal feesLn 11b$59K$36K$23K
Accounting feesLn 11c$101K$62K$39K
Advertising and promotionLn 12$3.2M$3.2M
Office expensesLn 13$685K$228K$458K
Information technologyLn 14$4.0M$156K$3.9M
OccupancyLn 16$15.5M$13.4M$2.1M
TravelLn 17$170K$84K$86K
Depreciation, depletion and amortizationLn 22$4.6M$4.6M
InsuranceLn 23$708K$660K$48K
Other expenses (24a–d)Ln 24$9.9M$8.7M$1.2M
All other expensesLn 24e$1.9M$1.4M$441K
Total functional expensesLn 25$136.7M$117.2M$19.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $209.9M$148.9M$61.0M$665.9M 990 PDF
FY2024 Viewing $192.1M$136.7M$55.5M$594.1M 990 PDF
FY2023 $180.5M$124.6M$56.0M$526.8M 990 PDF
FY2022 Not on file
FY2021 $110.0M$99.6M$10.4M$433.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $192,136,005 across 8 lines filed
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$50,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,459,606$178,459,606
VIII-3 Investment incomeExcluded from tax $13,863,091$13,863,091
VIII-5 RoyaltiesExcluded from tax $112,100$112,100
VIII-6 Net rental income or lossExcluded from tax $57,162$57,162
VIII-7 Net gain or loss on sales of assetsRelated to mission −$405,954−$405,954
VIII-12 Total revenueRelated to mission $178,053,652 · Excluded from tax $14,032,353$192,136,005
Part IX · Statement of functional expenses $136,675,852 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $911,381$911,381
IX-5 Pay of current officers, directors and key staffPrograms $971,084 · Management $1,743,850$2,714,934
IX-7 Other salaries and wagesPrograms $73,569,368 · Management $8,196,645$81,766,013
IX-9 Other employee benefitsPrograms $4,504,431 · Management $600,698$5,105,129
IX-10 Payroll taxesPrograms $4,631,699 · Management $617,670$5,249,369
IX-11b Legal feesPrograms $36,124 · Management $22,673$58,797
IX-11c Accounting feesPrograms $61,904 · Management $38,856$100,760
IX-12 Advertising and promotionPrograms $3,207,254$3,207,254
IX-13 Office expensesPrograms $227,625 · Management $457,605$685,230
IX-14 Information technologyPrograms $155,930 · Management $3,884,372$4,040,302
IX-16 OccupancyPrograms $13,435,736 · Management $2,093,663$15,529,399
IX-17 TravelPrograms $83,537 · Management $86,162$169,699
IX-22 Depreciation, depletion and amortizationPrograms $4,649,664$4,649,664
IX-23 InsurancePrograms $660,292 · Management $47,550$707,842
IX-24 Other expenses (24a–d)Programs $8,712,654 · Management $1,215,797$9,928,451
IX-24e All other expensesPrograms $1,410,534 · Management $441,094$1,851,628
IX-25 Total functional expensesPrograms $117,229,217 · Management $19,446,635 · Fundraising $0$136,675,852
Part X · Balance sheet $704,958,051 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $43,373,366$73,574,062
X-2 Savings and temporary cash investmentsStart of year $118,508,768$109,664,224
X-4 Accounts receivableStart of year $148,259$1,395,863
X-8 Inventories for sale or useStart of year $4,126,139$3,926,439
X-10c Land, buildings and equipment, netStart of year $237,148,073$245,127,711
X-11 Publicly traded securitiesStart of year $131,628,491$163,394,863
X-14 Intangible assetsStart of year $16,000$16,000
X-15 Other assetsStart of year $112,000,608$107,858,889
X-16 Total assetsStart of year $646,949,704$704,958,051
X-17 Accounts payable and accrued expensesStart of year $5,616,973$8,558,416
X-19 Deferred revenueStart of year $11,714,741$6,071,323
X-25 Other liabilitiesStart of year $102,769,277$96,225,826
X-26 Total liabilitiesStart of year $120,100,991$110,855,565
X-27 Net assets without donor restrictionsStart of year $526,848,713$594,102,486
X-32 Total net assets or fund balancesStart of year $526,848,713$594,102,486
X-33 Total liabilities and net assetsStart of year $646,949,704$704,958,051
Part XI · Reconciliation of net assets $594,102,486 net assets at year end
XI-1 Total revenue$192,136,005
XI-2 Total expenses$136,675,852
XI-3 Revenue less expenses$55,460,153
XI-4 Net assets at start of year$526,848,713
XI-5 Net unrealized gains (losses) on investments$11,793,620
XI-10 Net assets at end of year$594,102,486

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

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