2024-05-10T09:55:41-04:00 2023-12-31 202115106 VERNA & ASSOCIATES 105 JESSUP RD STE 100 THOROFARE NJ 080869354 990 2023-01-01 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 2024-03-15 true SCOT FISHER 999009999 false SCOTT C JENKINS CPA P00040012 8563848400 2024-05-10 2023 2023-04-26 12:10:37Z DR SCOT FISHER 1149 W LANCASTER AVENUE SUITE U-3 BRYN MAWR PA 190102722 332934 false X WWW.THEGOLDCUP.ORG X PA PROMOTION AND EDUCATION OF SINGLE SCULL ROW 8 8 0 0 202511 274613 0 0 55250 58321 257761 332934 0 0 0 0 0 401414 372169 401414 372169 -143653 -39235 233089 156213 52966 15325 180123 140888 PROMOTION AND EDUCATION OF SINGLE SCULL ROW false false 361812 324613 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. 361812 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 8 8 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 DC OH VA TX X DR SCOT FISHER 6102340090 1149 W LANCASTER AVENUE SUITE U-3 BRYN MAWR PA 190102722 X DR SCOT FISHER SECRETARY/TR 1.00 X 0 0 0 F WILLIAM MCNABB III PRESIDENT 1.00 X 0 0 0 CRAIG HOFFMAN DIRECTOR 1.00 X 0 0 0 CHARLES MURRAY DIRECTOR 1.00 X 0 0 0 REBECCA KATZ 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 274613 274613 GRANT INCOME 50000 50000 STEWART PROGRAM FEES 6350 6350 BOARD MEMBER PROGRAM FEES 1500 1500 471 471 58321 332934 58321 X 1350 1350 318693 312576 6117 770 770 48441 48246 195 1370 990 380 BANK FEES 1473 1473 MISCELLANEOUS 72 72 372169 361812 10357 0 146839 65713 1250 5500 85000 85000 233089 156213 52966 15325 52966 15325 X 180123 140888 180123 140888 233089 156213 -39235 X true X false true false X 214864 155950 140000 202511 274613 987938 214864 155950 140000 202511 274613 987938 445064 542874 987938 181689 0.54950 0.58280 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 THAT NOT THE POSITION WILL BE SUSTAINED OM EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT 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 0 150 0 PRIZES & AWARDS 220,000 0 0 EVENT EXPENSES 85,807 0 0 SUPPLIES 5,379 3,520 0 FILING FEES 1,390 2,447 0 TOTAL 312,576 6,117 0