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Phoenix Challenge Foundation INC FY2023 filing

Tax-deductible

Waxhaw, NC501(c)(3)Since 2003Arts & Culture EIN 57-1153858Revenue $45K in FY2023Latest return filed May 1, 2026

On file with the IRSphoenixchallenge.orgWaxhaw, NCTax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the organization is to promote and participate in the education of high school and post high school students in flexography by providing incentives and scholarships for students to pursue a flexography education

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 5
filings with a surplus
Average surplus $596 a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $155K in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $155K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $72
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
+47% vs prior year
Spent
$74K
To programs
100%
Net assets
$156K
By yearFY2021–FY2025
Revenue
$45K
FY2023▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2021$71K
FY2022$31K
FY2023$45K
FY2024$65K
FY2025$82K
Expenses
$74K
FY2023▲ +133%
Tap a bar for its year
Expenses by fiscal year
FY2021$28K
FY2022$32K
FY2023$74K
FY2024$71K
FY2025$88K
Net assets
$156K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2021$186K
FY2022$185K
FY2023$156K
FY2024$151K
FY2025$145K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Oct 2004.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $74K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Bettylyn Krafft
Director/Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
Lisa Muennich
Secretary
$0Pt VII · Sec A
Pam Robinson
Treasurer
$0Pt VII · Sec A
See Phoenix Challenge Foundation 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 15aNo

Programs and updates

Encourages and funds students pursuing flexography education through scholarships and incentives.

Questions for Phoenix Challenge Foundation INC

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1 program · $74K · in their own filed words · FY2022
01

The purpose of the organization is to promote, support and participate in the education of high school and post high school students in flexography by providing incentives and scholarships for students to pursue flexography education

$74Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$72
Total grants receivedfrom 1 funder$72

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$45K
Ln 12
Gifts and grantsLn 1h$43K
Investment incomeLn 3$2K
Money outPt IX
$74K
Ln 25
Programscol B$74K
Owns and owesPt X
$156K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$156K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Investment incomeLn 3$2K
Gains on assetsLn 7−$3K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$155K
Total assetsLn 16$156K
LiabilitiesLn 26$0
Net assetsLn 32$156K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$12K$2K
InvestmentsLn 11–13$173K$155K
Total assetsLn 16$185K$156K
LiabilitiesLn 26$0$0
Net assetsLn 32$185K$156K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$500$500
TravelLn 17$12K$12K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$51K$51K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$74K$74K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 1, 2026 $82K$88K−$5K$145K 990 PDF
FY2024Filed with the IRS Nov 7, 2024 $65K$71K−$6K$151K 990 PDF
FY2023 ViewingFiled with the IRS Nov 27, 2023 $45K$74K−$28K$156K 990 PDF
FY2022Filed with the IRS Apr 28, 2023 $31K$32K−$800$185K 990 PDF
FY2021Filed with the IRS Apr 24, 2023 $71K$28K$43K$186K 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 FY2023 990 (6 parts)
Part I · Summary $45,265 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,643$43,115
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,147$2,150
I-11 Other revenue$0
I-12 Total revenuePrior year $30,790$45,265
I-13 Grants and similar amounts paidPrior year $2,000$500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,590$73,055
I-18 Total expensesPrior year $31,590$73,555
I-19 Revenue less expensesPrior year −$800−$28,290
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $45,265 across 5 lines filed
VIII-1f All other contributions, gifts and grants$43,115
VIII-1h Total contributions, gifts and grants$43,115
VIII-3 Investment incomeRelated to mission $5,256$5,256
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,106−$3,106
VIII-12 Total revenueRelated to mission $2,150$45,265
Part IX · Statement of functional expenses $73,555 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $500$500
IX-17 TravelPrograms $11,610$11,610
IX-23 InsurancePrograms $1,055$1,055
IX-24 Other expenses (24a–d)Programs $51,407$51,407
IX-24e All other expensesPrograms $8,983$8,983
IX-25 Total functional expensesPrograms $73,555 · Management $0 · Fundraising $0$73,555
Part X · Balance sheet $156,437 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $11,966$1,831
X-11 Publicly traded securitiesStart of year $172,761$154,606
X-16 Total assetsStart of year $184,727$156,437
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $184,727$156,437
X-32 Total net assets or fund balancesStart of year $184,727$156,437
X-33 Total liabilities and net assetsStart of year $184,727$156,437
Part XI · Reconciliation of net assets $156,437 net assets at year end
XI-1 Total revenue$45,265
XI-2 Total expenses$73,555
XI-3 Revenue less expenses−$28,290
XI-4 Net assets at start of year$184,727
XI-10 Net assets at end of year$156,437

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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