2023-08-14T08:20:58-04:00 2022-12-31 202115106 VERNA & ASSOCIATES 105 JESSUP RD STE 100 THOROFARE NJ 080869354 990 2022-01-01 273083512 THE GOLD CHALLENGE CUP FOUNDATION INC GOLD 6102340090 1149 W LANCASTER AVENUE SUITE U-3 BRYN MAWR PA 190102722 DR SCOT FISHER SECRETARY/TREASURER 6102340090 2023-07-25 true SCOT FISHER 999009999 false SCOTT C JENKINS CPA P00040012 8563848400 2023-08-14 2022 2023-04-26 12:10:37Z X DR SCOT FISHER 1149 W LANCASTER AVENUE SUITE U-3 BRYN MAWR PA 190102722 257761 false X WWW.THEGOLDCUP.ORG X PA PROMOTION AND EDUCATION OF SINGLE SCULL ROW 11 11 0 0 140000 202511 0 0 60268 55250 200268 257761 0 0 0 0 0 126164 401414 126164 401414 74104 -143653 323776 233089 52966 323776 180123 PROMOTION AND EDUCATION OF SINGLE SCULL ROW false false 392488 PROMOTION AND EDUCATION ABOUT THE SPORT OF SINGLE SCULL ROWING ON AN AMATEUR LEVEL AMONG THE GENERAL PUBLIC, PARTICULARLY YOUTH, BY HOSTING AN ANNUAL COMPETITION. 392488 true true false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 17 0 true 0 false false false false false false false false X 11 11 false false false false false false false true true false false true false false false false false false PA CA NJ NY MA MD TN X DR SCOT FISHER 6102340090 1149 W LANCASTER AVENUE SUITE U-3 BRYN MAWR PA 190102722 X SIR STEVE REDGRAVE HON CHAIR EM 1.00 X 0 0 0 KIM BRENNAN HONORARY CHA 1.00 X 0 0 0 F WILLIAM MCNABB III PRESIDENT 1.00 X 0 0 0 DR SCOT FISHER SECRETARY/TR 1.00 X 0 0 0 JAMES BARKER DIRECTOR 1.00 X 0 0 0 REBECCA KATZ DIRECTOR 1.00 X 0 0 0 CHARLES MURRAY DIRECTOR 1.00 X 0 0 0 CRAIG HOFFMAN DIRECTOR 1.00 X 0 0 0 JENNIFER VAN KEUREN DIRECTOR 1.00 X 0 0 0 ELLE CAROLAN DIRECTOR 1.00 X 0 0 0 LINDA ANGELLO ASSISTANT TR 4.00 X 0 0 0 false false false 202511 202511 GRANT INCOME 50000 50000 STEWART PROGRAM FEES 5250 5250 55250 257761 55250 X 1125 1125 361959 361309 650 404 404 29084 29084 1595 1595 MISCELLANEOUS 6156 6156 BANK FEES 591 591 WEBSITE 500 500 401414 392488 8926 0 226276 146839 12500 1250 85000 85000 323776 233089 52966 0 52966 X 323776 180123 323776 180123 323776 233089 -143653 X false false X 179806 214864 155950 140000 202511 893131 179806 214864 155950 140000 202511 893131 372648 520483 893131 131168 0.58280 0.60640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GOLD CHALLENGE CUP TROPHY 85000 85000 X SCHEDULE D, PAGE 3, PART X THE FOUNDATION FOLLOWS THE PROVISIONS OF ASC 740 "ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES". THIS ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN ARE REPORTED PROPERLY IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN POSITION WHEN, BASED ON TECHNICAL MERITS, IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED OM EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENMT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS OR LIABILITIES THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FOUNDATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FOUNDATION OR ITS BOARD MEMBERS WILL NOT BE SUBJECT TO PENALTIES AND/OR INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE FOUNDATION'S TAX RETURNS REMAIN OPEN FOR THREE (3) YEARS FOR FEDERAL TAX EXAMINATION. FORM 990, PAGE 6, PART VI, LINE 11B ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE RETURN TO REVIEW FOR ACCURACY. TAX RETURN IS NOT FILED UNTIL APPROVED. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE ACCESSIBLE VIA WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CORPORATE TAXES 0 650 0 PRIZES & AWARDS 252,000 0 0 EVENT EXPENSES 97,134 0 0 SUPPLIES 11,050 0 0 FILING FEES 1,125 0 0 TOTAL 361,309 650 0