Mission
THE CHALLENGE FOUNDATION EMPOWERS STUDENTS TO REACH THEIR FULL POTENTIAL THROUGH ACADEMIC SCHOLARSHIPS AND COMPREHENSIVE SUPPORT, BRIDGING THE GAP TO AN EXTRAORDINARY EDUCATION AND LIFELONG SUCCESS.
Public Charity
THE CHALLENGE FOUNDATION INC
THE CHALLENGE FOUNDATION INC is a Public Charity headquartered in ENGLEWOOD, CO. Financial data from the 2025 filing: $1.6M revenue, $2.0M expenses, $5.4M total assets. 62 publicly reported grants to this organization, totaling roughly $6.0M, appear in IRS filings.
EIN: 841480014
ENGLEWOOD, CO
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$1.6M
Total Expenses$2.0M
Total Assets$5.4M
Grant Records62
Funding Total$6.0M
Filing Years2021–2025
Where $100 goes at The Challenge Foundation Inc
How The Challenge Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$95
Programs
the work itself
$4
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $95 for programs
$50
Tutoring, mentoring and advising:The Challenge Foundation matches students with a volunteer mentor who partners with the family and the staff to provide on-going support, encouragement and meaningful educational…
$31
Scholarships:The Challenge Foundation partners with college preparatory schools to award scholarships to qualified students from sixth through twelfth grades
$14
Challenge summer program:the challenge summer program is held at st mary's academy for approximately six weeks
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
AS REQUIRED
$202,192
TO REIMBURSE FOR SCHOLARSHIPS
$172,566
El Paso Giving Day Grant
$85,458
HUMAN SERVICES
$62,500
EDUCATION
$50,000
Showing up to 5 of 62 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Alan Smiley
BOARD MEMBER
Ben Valore-Caplan
BOARD MEMBER
Erin Verneris
PRESIDENT
Gene Myers
BOARD MEMBER
John Birkelbach
BOARD MEMBER
Kari Davis
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.6M | $2.0M | $5.4M |
| 2024 | $1.9M | $1.7M | $5.7M |
| 2023 | $5.0M | $1.6M | $5.7M |
| 2022 | $1.8M | $1.3M | $2.3M |
| 2021 | $1.6M | $1.3M | $1.8M |
Between 2021 and 2025, reported annual revenue grew from $1.6M to $1.6M (+3%), with total assets most recently reported at $5.4M.
Interactive year-over-year charts and full filing details available with membership.