Challenge Elite INC FY2019 filing

Tax-deductible

Friendswood, TX501(c)(3)Recreation & SportsEIN 82-1272467Revenue $229K in FY2019

On file with the IRS902 Woodcrest Dr, 77546-3574 · Friendswood, TXTax-exempt since Jan 2018Publicly supported — 509(a)(2)

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Developing youth, high school volleyball and soccer players while also teaching players to be good citizens and athletes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$24K 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

FY2019 · 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
1 of 2
filings with a surplus
Average surplus $36K a year · 16% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 5 voting members
Worth a look: 1 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229K
Spent
$149K
To programs
98%
Net assets
$170K
By yearFY2019–FY2024
Revenue
$229K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$229K
FY2020$151K
FY2021$229K
FY2022$135K
FY2023$200K
FY2024$200K
Expenses
$149K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$149K
FY2020Not on file
FY2021$235K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$170K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$170K
FY2020$157K
FY2021$151K
FY2022$114K
FY2023$122K
FY2024$137K

From the FY2019 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2019 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 Jan 2018.

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% · $147K Management & general 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

5 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & President
$15,000Pt VII · Sec A
VP & Treasurer
$5,000Pt VII · Sec A
Director
$3,600Pt VII · Sec A
Director & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

David Mai’s $36K as Director & President is at the 50th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 3 named individuals · Part VII

NameFY2021FY2020FY2019
David Mai$36,000$30,500$15,000
Tuan Mai——$5,000
Andrew Mai——$3,600

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops young athletes in volleyball and soccer, teaching them to be good citizens and competitors.

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Provided by the organization

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1 program · $147K · in their own filed words · FY2019
01

In 2019 coaches and players practiced and competed in various tournaments. Most expenses were related to facility rent tournament fees, uniforms, gears, supplies and coaching. A gala and awards ceremony was conducted also.

$147Kprogram expense

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$229K
Ln 12
Fees for servicesLn 2g$229K
Money outPt IX
$149K
Ln 25
Programscol B$147K
Managementcol C$2K
Owns and owesPt X
$170K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$175K
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$229K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$175K
Cash and savings togetherLn 1–2$175K
Total assetsLn 16$175K
LiabilitiesLn 26$5K
Net assetsLn 32$170K
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
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 FY19End FY19
Cash and savingsLn 1–2$96K$175K
Total assetsLn 16$96K$175K
LiabilitiesLn 26$5K$5K
Net assetsLn 32$91K$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K$15K$0$0
Payroll taxesLn 10$1K$1K$0$0
Advertising and promotionLn 12$5K$5K$0$0
OccupancyLn 16$25K$25K$0$0
TravelLn 17$4K$4K$0$0
Other expenses (24a–d)Ln 24$99K$97K$2K$0
Total functional expensesLn 25$149K$147K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $200K$137K 990 PDF
FY2023 $200K$122K 990 PDF
FY2022 $135K$114K 990 PDF
FY2021 $229K$235K−$7K$151K 990 PDF
FY2020 $151K$157K 990 PDF
FY2019 Viewing $229K$149K$79K$170K 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 FY2019 990 (6 parts)
Part I · Summary $228,814 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $146,652$228,814
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $146,652$228,814
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,800$16,147
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $75,377$133,312
I-18 Total expensesPrior year $86,177$149,459
I-19 Revenue less expensesPrior year $60,475$79,355
Part VI · Governance 1 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $228,814 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$228,814
VIII-12 Total revenueRelated to mission $228,814 · Unrelated business $0 · Excluded from tax $0$228,814
Part IX · Statement of functional expenses $149,459 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,000 · Management $0 · Fundraising $0$15,000
IX-10 Payroll taxesPrograms $1,147 · Management $0 · Fundraising $0$1,147
IX-12 Advertising and promotionPrograms $4,993 · Management $0 · Fundraising $0$4,993
IX-16 OccupancyPrograms $25,200 · Management $0 · Fundraising $0$25,200
IX-17 TravelPrograms $3,760 · Management $0 · Fundraising $0$3,760
IX-24 Other expenses (24a–d)Programs $96,937 · Management $2,422 · Fundraising $0$99,359
IX-25 Total functional expensesPrograms $147,037 · Management $2,422 · Fundraising $0$149,459
Part X · Balance sheet $175,405 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $95,628$175,405
X-16 Total assetsStart of year $95,628$175,405
X-25 Other liabilitiesStart of year $4,626$5,049
X-26 Total liabilitiesStart of year $4,626$5,049
X-27 Net assets without donor restrictionsStart of year $91,002$170,356
X-32 Total net assets or fund balancesStart of year $91,002$170,356
X-33 Total liabilities and net assetsStart of year $95,628$175,405
Part XI · Reconciliation of net assets $170,356 net assets at year end
XI-1 Total revenue$228,814
XI-2 Total expenses$149,459
XI-3 Revenue less expenses$79,355
XI-4 Net assets at start of year$91,002
XI-10 Net assets at end of year$170,356

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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