Challenger Basic School INC: FY2023 Nonprofit Profile & Form 990 (EIN 86-1017449)

Revenue by fiscal year
FY2021	$2.9M
FY2022	$3.3M
FY2023	$3.4M
FY2024	$3.4M
FY2025	$3.1M

Expenses by fiscal year
FY2021	$2.3M
FY2022	$2.5M
FY2023	$2.6M
FY2024	$2.7M
FY2025	$2.7M

Net assets by fiscal year
FY2021	$2.0M
FY2022	$2.7M
FY2023	$3.5M
FY2024	$4.2M
FY2025	$4.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2003.

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

Where the money goes

70 cents of each dollar spent went to programs.

70%

30%

Program services 70% · $1.8M Management & general 30% · $781K

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

3 people listed on the 990; $273K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Brad Tobin

President

$138,536Pt VII · Sec A

Deanne Tobin

Vice-President

$134,583Pt VII · Sec A

Mark Vite

Board Member

$0Pt VII · Sec A

Brad Tobin’s $143K as President is at the 61st percentile of top reported officer pay among 3395 $1–10M 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 · 2 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Brad Tobin	$143,222	$142,456	$138,536	$131,945	$132,549
Deanne Tobin	$140,000	$137,563	$134,583	$128,908	$129,682

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 15aNo

Programs and updates

Nurtures students' intellectual, creative, social, and physical growth.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2022

01

To provide a quality education in every area of the curriculum. Implementation of the "spalding" reading method will develop skilled readers, critical listeners, accomplished speakers, spellers, and writers. Students will reach their full potential and be lifelong learners through this enhanced "back to basics" approach to learning.

$1.8Mprogram 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 · FY2024

Donald D and Elaine F Davis TrustFY2024$424

Total grants receivedfrom 1 funder$424

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.4M

Ln 12

Gifts and grantsLn 1h$3.3M

Investment incomeLn 3$37K

Other incomeLn 4–11$35K

Money outPt IX

$2.6M

Ln 25

Programscol B$1.8M

Managementcol C$781K

Owns and owesPt X

$3.5M

net assets · Ln 32

Cash and savingsLn 1–2$2.7M

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

3

listed · VII A

PaidVII A2

Voting boardVI 1a3

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.3M

Government grantsLn 1e$3.2M

Fundraising eventsLn 1c$28K

Investment incomeLn 3$37K

Other incomeLn 4–11$35K

Total revenueLn 12$3.4M

Assets in detailPt X, end of year

CashLn 1$2.7M

Cash and savings togetherLn 1–2$2.7M

Land, buildings, equipmentLn 10c$1.8M

Other assetsLn 15$58K

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.2M

Net assetsLn 32$3.5M

OperationsPt I, VI

EmployeesI 542

VolunteersI 684

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$2.0M	$2.7M
Land, buildings, equipmentLn 10c	$1.8M	$1.8M
Total assetsLn 16	$3.9M	$4.6M
LiabilitiesLn 26	$1.2M	$1.2M
Net assetsLn 32	$2.7M	$3.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$280K	$140K	$140K	$0
Pay of disqualified personsLn 6	$178K	$89K	$89K	$0
Other salaries and wagesLn 7	$1.1M	$905K	$232K	$0
Pension plan contributionsLn 8	$40K	$28K	$12K	$0
Other employee benefitsLn 9	$96K	$50K	$45K	$0
Payroll taxesLn 10	$125K	$85K	$40K	$0
Accounting feesLn 11c	$67K	$0	$67K	$0
Other fees for servicesLn 11g	$59K	$46K	$14K	$0
Advertising and promotionLn 12	$12K	$0	$12K	$0
Office expensesLn 13	$184K	$166K	$18K	$0
OccupancyLn 16	$157K	$125K	$31K	$0
TravelLn 17	$24K	$3K	$21K	$0
InterestLn 20	$55K	$44K	$11K	$0
Depreciation, depletion and amortizationLn 22	$121K	$97K	$24K	$0
InsuranceLn 23	$28K	$22K	$6K	$0
Other expenses (24a–d)Ln 24	$53K	$34K	$18K	$0
Total functional expensesLn 25	$2.6M	$1.8M	$781K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.1M	$2.7M	$385K	$4.5M	990 PDF
FY2024	$3.4M	$2.7M	$692K	$4.2M	990 PDF
FY2023 Viewing	$3.4M	$2.6M	$740K	$3.5M	990 PDF
FY2022	$3.3M	$2.5M	$714K	$2.7M	990 PDF
FY2021	$2.9M	$2.3M	$646K	$2.0M	990 PDF

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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 $3,355,742 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,256,698$3,284,009

I-9 Program service revenue$0

I-10 Investment incomePrior year $262$36,710

I-11 Other revenue$35,023

I-12 Total revenuePrior year $3,256,960$3,355,742

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,790,229$1,855,373

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $753,081$760,038

I-18 Total expensesPrior year $2,543,310$2,615,411

I-19 Revenue less expensesPrior year $713,650$740,331

Part VI · Governance 1 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members1

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,355,742 across 7 lines filed

VIII-1c Fundraising events$28,087

VIII-1e Government grants$3,238,024

VIII-1f All other contributions, gifts and grants$17,898

VIII-1h Total contributions, gifts and grants$3,284,009

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$36,710

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,023 · Unrelated business $0 · Excluded from tax $0$35,023

VIII-12 Total revenueRelated to mission $71,733 · Unrelated business $0 · Excluded from tax $0$3,355,742

Part IX · Statement of functional expenses $2,615,411 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $140,000 · Management $140,000 · Fundraising $0$280,000

IX-6 Pay of disqualified personsPrograms $89,000 · Management $89,000 · Fundraising $0$178,000

IX-7 Other salaries and wagesPrograms $905,102 · Management $232,080 · Fundraising $0$1,137,182

IX-8 Pension plan contributionsPrograms $27,779 · Management $11,853 · Fundraising $0$39,632

IX-9 Other employee benefitsPrograms $50,409 · Management $45,151 · Fundraising $0$95,560

IX-10 Payroll taxesPrograms $84,643 · Management $40,356 · Fundraising $0$124,999

IX-11c Accounting feesPrograms $0 · Management $67,400 · Fundraising $0$67,400

IX-11g Other fees for servicesPrograms $45,779 · Management $13,503 · Fundraising $0$59,282

IX-12 Advertising and promotionPrograms $0 · Management $11,960 · Fundraising $0$11,960

IX-13 Office expensesPrograms $165,996 · Management $18,251 · Fundraising $0$184,247

IX-16 OccupancyPrograms $125,460 · Management $31,364 · Fundraising $0$156,824

IX-17 TravelPrograms $3,200 · Management $20,859 · Fundraising $0$24,059

IX-20 InterestPrograms $43,945 · Management $10,986 · Fundraising $0$54,931

IX-22 Depreciation, depletion and amortizationPrograms $96,762 · Management $24,191 · Fundraising $0$120,953

IX-23 InsurancePrograms $22,026 · Management $5,506 · Fundraising $0$27,532

IX-24 Other expenses (24a–d)Programs $34,385 · Management $18,465 · Fundraising $0$52,850

IX-25 Total functional expensesPrograms $1,834,486 · Management $780,925 · Fundraising $0$2,615,411

Part X · Balance sheet $4,625,977 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $2,008,386$2,668,730

X-3 Pledges and grants receivableStart of year $113,942$82,038

X-9 Prepaid expenses and deferred chargesStart of year $19,295$15,286

X-10c Land, buildings and equipment, netStart of year $1,761,248$1,801,435

X-15 Other assets$58,488

X-16 Total assetsStart of year $3,902,871$4,625,977

X-17 Accounts payable and accrued expensesStart of year $36,630$38,221

X-25 Other liabilitiesStart of year $13,306$75,247

X-26 Total liabilitiesStart of year $1,183,734$1,166,509

X-27 Net assets without donor restrictionsStart of year $2,494,616$3,149,013

X-28 Net assets with donor restrictionsStart of year $224,521$310,455

X-32 Total net assets or fund balancesStart of year $2,719,137$3,459,468

X-33 Total liabilities and net assetsStart of year $3,902,871$4,625,977

Part XI · Reconciliation of net assets $3,459,468 net assets at year end

XI-1 Total revenue$3,355,742

XI-2 Total expenses$2,615,411

XI-3 Revenue less expenses$740,331

XI-4 Net assets at start of year$2,719,137

XI-10 Net assets at end of year$3,459,468

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

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Challenger Basic School INC FY2023 filing

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