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Nonprofiteer
← GIVE CHANCES INC

Form 990 for tax year 2024

Filed by GIVE CHANCES INC.

Totals

Total revenue
$511,439
Total expenses
$582,823
Contributions and grants received
$359,440
Grants paid
$1,500
Program service revenue
$104,457
Investment income
$47,542
Other revenue
$0
Total assets, end of year
$489,068
Total liabilities, end of year
$6,311
Net assets or fund balances, end of year
$482,757
Program services expenses (Part IX)
$406,820
Management and general expenses
$176,003
Fundraising expenses
$0
Program service expenses (Part III)
$406,820

Program services were 69.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $29,021

  • 1f · All other contributions, gifts and grants

    $330,419

  • 2a · Program service revenue: AFTER-SCHOOL PROGRAM

    total $35,542 · related or exempt $35,542

  • 2b · Program service revenue: YOUTH PROGRAM

    total $14,684 · related or exempt $14,684

  • 2c · Program service revenue: DDARTISTS

    total $6,728 · related or exempt $6,728

  • 2d · Program service revenue: OTHER PROGRAM

    total $47,503 · related or exempt $47,503

  • 3 · Investment income

    total $9,744 · related or exempt $9,744

  • 7a · Gross sales of assets other than inventory

    securities $153,736

  • 7b · Less cost or other basis and sales expenses

    securities $115,938

  • 7c · Gain or loss

    securities $37,798

  • 7d · Net gain or loss

    total $37,798 · related or exempt $37,798

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 2 · Grants to domestic individuals

    total $1,000 · program services $1,000

  • 7 · Other salaries and wages

    total $160,289 · program services $128,231 · management and general $32,058

  • 8 · Pension plan contributions

    total $4,831 · program services $3,865 · management and general $966

  • 9 · Other employee benefits

    total $17,396 · program services $13,917 · management and general $3,479

  • 10 · Payroll taxes

    total $13,319 · program services $10,655 · management and general $2,664

  • 11b · Fees: legal

    total $1,500 · program services $1,200 · management and general $300

  • 11c · Fees: accounting

    total $14,680 · program services $11,744 · management and general $2,936

  • 13 · Office expenses

    total $27,795 · program services $16,482 · management and general $11,313

  • 16 · Occupancy

    total $23,370 · program services $18,696 · management and general $4,674

  • 17 · Travel

    total $3,886 · program services $3,109 · management and general $777

  • 22 · Depreciation, depletion and amortization

    total $47,362 · program services $37,890 · management and general $9,472

  • 23 · Insurance

    total $2,826 · program services $2,261 · management and general $565

  • 24a · Other expenses: PROGRAM EXPENSES

    total $143,890 · program services $143,890

  • 24b · Other expenses: PROGRAM SUPPORT

    total $103,454 · management and general $103,454

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $5,340 · program services $4,272 · management and general $1,068

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,230 · program services $4,984 · management and general $1,246

  • 24e · All other expenses

    total $5,155 · program services $4,124 · management and general $1,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,390 · end of year $31,120

  • 2 · Savings and temporary cash investments

    beginning of year $100 · end of year $100

  • 9 · Prepaid expenses and deferred charges

    end of year $6,853

  • 10a · Land, buildings and equipment: cost or other basis

    $38,668

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,362

  • 10c · Land, buildings and equipment, net

    end of year $35,306

  • 11 · Investments: publicly traded securities

    beginning of year $286,478 · end of year $319,356

  • 14 · Intangible assets

    beginning of year $128,333 · end of year $84,333

  • 15 · Other assets

    end of year $12,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,039 · end of year $954

  • 25 · Other liabilities

    beginning of year $4,458 · end of year $5,357

  • 27 · Net assets without donor restrictions

    beginning of year $568,804 · end of year $482,757

Mission and programs · 2024

Mission

TO ENCOURAGE EDUCATION AND EDUCATIONAL EXCELLENCE THROUGH ACADEMIC PROGRAMS, GRANTS, SCHOLARSHIP, AND FINANCIAL ASSISTANCE TO THE STUDENTS AND PEOPLE UNDERPRIVILEGED IN THE UNITED STATES AND DEVELOPING COUNTRIES WHO DO NOT HAVE LEARNING OPPORTUNITIES DUE TO FINANCIAL HARDSHIP.

  • THE PROGRAM PROVIDES HOMEWORK ASSISTANCE, MATHEMATICS AND ENGLISH ENRICHMENT CLASSES, EXTRACURRICULAR ACTIVITIES, AND MORE. THE PROGRAM HOSTS CLASSES BOTH IN-PERSON AND ONLINE TO MEET STUDENTS WHERE THEY ARE.AFTER-SCHOOL PROGRAM: AFTER-SCHOOL PROGRAM AIMS TO PROVIDE QUALITY OUT-OF-SCHOOL EDUCATIONAL EXPERIENCES FOR ALL STUDENTS, PARTICULARLY THOSE FROM LOW-INCOME BACKGROUNDS.

    Expenses $240,066 · Revenue $35,542

  • YOUTH DEVELOPMENT PROGRAM: CHANCE MAKERS IS A YOUTH VOLUNTEER COUNCIL FOR HIGH SCHOOL STUDENTS THAT FOCUSES ON LEADERSHIP TRAINING AND ADVOCACY INITIATIVES. WITH A FOCUS ON THE TOPIC OF EDUCATIONAL EQUALITY, MEMBERS ARE GIVEN OPPORTUNITIES TO ENHANCE THEIR LEADERSHIP ABILITIES, DEVELOP RESEARCH SKILLS, AND VOLUNTEER FOR A MEANINGFUL CAUSE.

    Expenses $86,153 · Revenue $14,864

  • DDARTISTS PROGRAM: THE DDARTISTS DISABILITY SUPPORT PROGRAM IS A PROGRAM FOR YOUNG ARTISTS WITH DEVELOPMENTAL DISABILITIES. IT FOSTERS A COMPASSIONATE ENVIRONMENT, EMPOWERING PARTICIPANTS TO EXPLORE THEIR ARTISTIC TALENTS WHILE DEVELOPING VITAL LIFE SKILLS. THE PROGRAMS WEEKLY SESSIONS ARE STRUCTURED INTO TALENT DEVELOPMENT AND JOB TRAINING COMPONENTS FOR A HOLISTIC APPROACH TO SKILL ENHANCEMENT AND OVERALL GROWTH. THE PROGRAM OFFERS ART TRAINING DESIGNED FOR PROFESSIONAL SUCCESS AS ARTISTS OR DESIGNERS.

    Expenses $78,963 · Revenue $6,728

As filed on the 2024 return.

Listed in Part VII

  • Young Na Lee

    SECRETARY AND ED

    Total calculated
    $116,074
    From this org
    $115,990
    From related orgs
    $84
    Other
    $0
    Hours/week
    40
  • Jimmy Song

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dongjin Oh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hyungmin Lee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Sanggil Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 July 2025
IRS schema version
2024v5.2
Source object
202502059349301905

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