Nonprofit · EIN 47-2061726
FISCAL CHALLENGE INC
Tax-exempt · CHAPEL HILL, NC 27516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $200,304 | $157,998 | $42,306 | $110,491 | $0 | $110,491 |
| December 31, 2024 | 990-EZ | $120,672 | $108,089 | $12,583 | $68,043 | – | $68,185 |
| December 31, 2023 | 990-EZ | $125,000 | $87,573 | $37,427 | $55,602 | $9,797 | $45,805 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $200,304
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,034
- Compensation of officers, directors and key employees
- $27,865
- Salaries, compensation and benefits (total)
- $27,865
- Professional fundraising fees
- $0
- Program services (functional)
- $12,034
- Management and general (functional)
- $145,964
Balance sheet and other
- Total assets, start of year
- $68,185
- Total assets, end of year
- $110,491
- Total liabilities, end of year
- $0
- Net assets, end of year
- $110,491
- Gross receipts
- $200,304
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Erica Patella | Program Director Key employee | 15 | $16,816 |
| Mike Aguilar | President Trustee or director | 2 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA PATELLA | PROGRAM DIRECTOR | 15 | $18,000 |
| FISCAL CHALLENGE INC | PRESIDENT | 2 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Aguilar | President | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 115 TUCKERS POND DR, CHAPEL HILL, NC 27516-4390
- In care of
- % MIKE AGUILAR
- Mailing address (990-N for 2021)
- 115 Tuckers Pond Drive, Chapel Hill NC 27516
- Principal officer (990 for 2025)
- Michael Aguilar, 115 TUCKERS POND DR, CHAPEL HILL, NC 27516
- Principal officer (990-N for 2021)
- Michael Aguilar, 115 Tuckers Pond Drive, Chapel Hill NC 27516
- Signed the 990
- Alexandrea Roed, Fiscal Challenge
- Phone
- (910) 273-5953
- Website
- www.fiscalchallenge.org
Mission
Fiscal Challenge Inc. provides experiential educational programming focused on fiscal policy economics budgeting and public policy analysis. Through a nationwide collegiate competition students develop analytical research presentation and policy-making skills by creating long-term fiscal solutions and presenting recommendations to professionals and subject matter experts. The organization coordinates educational programming competition events networking opportunities and policy-focused experiential learning activities designed to prepare students for careers and graduate study in economics public policy government and related fields. Programming includes student engagement opportunities educational resources public policy analysis exercises live presentation events mentorship and career exploration programming.
Program accomplishments
- Fiscal Challenge Inc. provided experiential educational programming designed to enhance students understanding of fiscal policy economics and public policy analysis. Through a nationwide collegiate competition students researched and developed long-term fiscal policy solutions prepared analytical presentations and presented recommendations to professionals and subject matter experts. The organization coordinated educational resources student engagement activities networking opportunities and live competition events that helped participants strengthen research analytical communication and leadership skills while gaining exposure to careers in economics government and public policy.Expenses $12,034 · grants $12,034
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-2061726
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $110,491
- Income (IRS master file)
- $200,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $200,304 | $157,998 | $110,491 | IRS |
| 990-EZ | December 2024 | $120,672 | $108,089 | $68,043 | XML |
| 990-EZ | December 2023 | $125,000 | $87,573 | $55,602 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Michael Aguilar | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Michael Aguilar | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Michael Aguilar | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2061726).
Questions about FISCAL CHALLENGE INC
- What is the EIN of FISCAL CHALLENGE INC?
- The employer identification number (EIN) of FISCAL CHALLENGE INC is 47-2061726.
- Is FISCAL CHALLENGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FISCAL CHALLENGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FISCAL CHALLENGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FISCAL CHALLENGE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FISCAL CHALLENGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FISCAL CHALLENGE INC?
- The 990 for the year ended December 31, 2025 names Michael Aguilar.
- Who are the officers and directors of FISCAL CHALLENGE INC?
- The 990 for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $16,816 (Erica Patella, Program Director).
- How much revenue does FISCAL CHALLENGE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $200,304, expenses of $157,998 and total assets of $110,491 at year end.
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