Totals
- Total revenue
- $3,888,973
- Total expenses
- $5,720,777
- Contributions and grants received
- $2,850,118
- Grants paid
- $204,087
- Program service revenue
- $271,452
- Investment income
- $748,251
- Other revenue
- $19,152
- Total assets, end of year
- $18,230,196
- Total liabilities, end of year
- $9,007,389
- Net assets or fund balances, end of year
- $9,222,807
- Program services expenses (Part IX)
- $3,899,526
- Management and general expenses
- $758,790
- Fundraising expenses
- $1,062,461
- Program service expenses (Part III)
- $3,899,526
Program services were 68.2% 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.
-
1c · Fundraising events
$1,103,724
-
1f · All other contributions, gifts and grants
$1,746,394
-
1g · Noncash contributions included above
$131,051
-
2a · Program service revenue: SCHOOL MEMBERSHIP DUES
total $262,452 · related or exempt $262,452
-
2b · Program service revenue: REGISTRATION FEES
total $9,000 · related or exempt $9,000
-
3 · Investment income
total $291,651 · excluded $291,651
-
7a · Gross sales of assets other than inventory
securities $2,517,375
-
7b · Less cost or other basis and sales expenses
securities $2,060,775
-
7c · Gain or loss
securities $456,600
-
7d · Net gain or loss
total $456,600 · excluded $456,600
-
8a · Fundraising events: gross income
$163,150
-
8a · Fundraising events: contributions included on line 1c
$1,103,724
-
8b · Fundraising events: direct expenses
$155,818
-
8c · Net income from fundraising events
total $7,332 · excluded $7,332
-
11a · Other revenue: OTHER REVENUE
total $11,820 · excluded $11,820
-
11e · Other revenue, total
$11,820
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $204,087 · program services $204,087
-
5 · Compensation of officers, directors and key employees
total $769,857 · program services $521,672 · management and general $137,441 · fundraising $110,744
-
7 · Other salaries and wages
total $2,085,344 · program services $1,564,644 · management and general $164,900 · fundraising $355,800
-
8 · Pension plan contributions
total $58,410 · program services $42,926 · management and general $5,591 · fundraising $9,893
-
9 · Other employee benefits
total $236,708 · program services $173,351 · management and general $24,549 · fundraising $38,808
-
10 · Payroll taxes
total $236,402 · program services $170,135 · management and general $27,883 · fundraising $38,384
-
11b · Fees: legal
total $33,393 · management and general $33,393
-
11c · Fees: accounting
total $43,368 · management and general $43,368
-
11e · Fees: professional fundraising services
total $150,000 · fundraising $150,000
-
11f · Fees: investment management
total $75,121 · management and general $75,121
-
11g · Fees: other
total $203,550 · program services $105,230 · management and general $34,108 · fundraising $64,212
-
12 · Advertising and promotion
total $423 · program services $423
-
13 · Office expenses
total $80,024 · program services $37,767 · management and general $19,725 · fundraising $22,532
-
16 · Occupancy
total $235,297 · program services $169,531 · management and general $23,933 · fundraising $41,833
-
17 · Travel
total $68,577 · program services $53,847 · management and general $7,545 · fundraising $7,185
-
19 · Conferences, conventions and meetings
total $15,107 · program services $14,942 · management and general $165
-
20 · Interest
total $258,648 · program services $173,992 · management and general $40,220 · fundraising $44,436
-
22 · Depreciation, depletion and amortization
total $16,535 · program services $12,027 · management and general $1,436 · fundraising $3,072
-
23 · Insurance
total $47,330 · program services $34,425 · management and general $4,117 · fundraising $8,788
-
24a · Other expenses: SUBSCRIPTIONS & DUES
total $280,156 · program services $190,135 · management and general $29,205 · fundraising $60,816
-
24b · Other expenses: EQUIPMENT RENTAL
total $239,683 · program services $167,928 · management and general $28,841 · fundraising $42,914
-
24c · Other expenses: TESTING & PROGRAMMING
total $93,610 · program services $93,610
-
24d · Other expenses: PAYROLL FEES
total $88,522 · program services $63,708 · management and general $10,441 · fundraising $14,373
-
24e · All other expenses
total $200,625 · program services $105,146 · management and general $46,808 · fundraising $48,671
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $787,423 · end of year $745,517
-
2 · Savings and temporary cash investments
beginning of year $868,842 · end of year $887,271
-
3 · Pledges and grants receivable
beginning of year $1,976,426 · end of year $844,971
-
4 · Accounts receivable
beginning of year $87,825 · end of year $110,480
-
9 · Prepaid expenses and deferred charges
beginning of year $180,580 · end of year $228,192
-
10a · Land, buildings and equipment: cost or other basis
$146,686
-
10b · Land, buildings and equipment: accumulated depreciation
$74,616
-
10c · Land, buildings and equipment, net
beginning of year $79,987 · end of year $72,070
-
11 · Investments: publicly traded securities
beginning of year $9,950,040 · end of year $9,791,042
-
15 · Other assets
beginning of year $2,808,653 · end of year $5,550,653
-
17 · Accounts payable and accrued expenses
beginning of year $230,321 · end of year $163,713
-
19 · Deferred revenue
beginning of year $137,114 · end of year $142,460
-
23 · Secured mortgages and notes payable
beginning of year $3,431,726 · end of year $4,065,491
-
25 · Other liabilities
beginning of year $1,945,743 · end of year $4,635,725
-
27 · Net assets without donor restrictions
beginning of year -$3,399,020 · end of year -$4,078,646
-
28 · Net assets with donor restrictions
beginning of year $14,393,892 · end of year $13,301,453
Mission and programs · 2024
Mission
TO INCREASE THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLOR CAPABLE OF ASSUMING RESPONSIBILITY AND LEADERSHIP ROLES IN AMERICAN SOCIETY.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
SINCE 1963, A BETTER CHANCE HAS ACCOMPLISHED ITS MISSION BY NATIONALLY RECRUITING, PLACING AND PROVIDING SUPPORT TO A COMMUNITY OF 1,500 ACADEMICALLY TALENTED YOUTH THROUGH ITS SIGNATURE COLLEGE PREPARATORY SCHOOLS PROGRAM. OUR SUCCESS IS EVIDENT IN THE OVER 20,000ALUMNI WHO HAVE BECOME GREAT INNOVATORS, THINKERS AND LEADERS IN THEIR RESPECTIVE FIELDS. IN 2024, A BETTER CHANCE ACHIEVED 250 PLACEMENTS FROM A POOL OF 455 AND SAW NEARLY 100% OF GRADUATING HS SCHOLARS ENROLLING IN COLLEGE (SEE SCHEDULE O FOR DETAILS).THE ORGANIZATION HOSTED VIRTUAL SCHOOL FAIRS AT WHICH 120 OF OUR 200 MEMBER SCHOOLS PARTICIPATED. AN IN-PERSON MEMBER SCHOOL FAIR WAS HOSTED IN ATLANTA AT WHICH 35 MEMBER SCHOOL PARTICIPATED. THE ORGANIZATION ALSO LED VIRTUAL ADMISSIONS AND FINANCIAL AID WORKSHOPS, VIRTUAL INTERVIEW DAYS AND OUR SIGNATURE SUMMER LEADERSHIP ACADEMY (SLA), WHICH HELPS FAMILIES BETTER NAVIGATE AND UNDERSTAND THE APPLICATION, ACCEPTANCE AND PLACEMENT PROCESS. 103 MIDDLE SCHOOL AND 110 HIGH SCHOOL STUDENTS ACCEPTED BY A BETTER CHANCE FOR PLACEMENT PARTICIPATED IN SLA.
Expenses $3,899,526 · Grants $204,087 · Revenue $271,452
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Francisco TezenFRANCISCO TEZEN
PRESIDENT & CEO
- Total calculated
- $336,189
- From this org
- $306,521
- From related orgs
- $0
- Other
- $29,668
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $296,521
- Bonus
- $10,000
- Other
- $0
- Deferred
- $9,315
- Nontaxable benefits
- $20,353
- Filer's total
- $336,189
-
Sheila MarmonSHEILA MARMON
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Theo KillionTHEO KILLION
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rob FullertonROB FULLERTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rhonda TrotterRHONDA TROTTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Gennell JeffersonGENNELL JEFFERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gerald KeefeGERALD KEEFE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Renee J CarterRENEE J CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ekene EzulikeEKENE EZULIKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tayo FamakinwaTAYO FAMAKINWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel DibiasioDANIEL DIBIASIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shea ManigoSHEA MANIGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Adrea WilliamsADREA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle GittensMICHELLE GITTENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Starlisha McDadeSTARLISHA MCDADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kurt Van WagenenKURT VAN WAGENEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roger ArrieuxROGER ARRIEUX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Keith EvansKEITH EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nicole MelwoodNICOLE MELWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George WilsonGEORGE WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Samantha Robinson-GayeSAMANTHA ROBINSON-GAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Damaris Herron-WatkinsDAMARIS HERRON-WATKINS
CHIEF FINANCE & OPERATIONS
- Total calculated
- $217,531
- From this org
- $197,519
- From related orgs
- $0
- Other
- $20,012
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $194,519
- Bonus
- $3,000
- Other
- $0
- Deferred
- $6,090
- Nontaxable benefits
- $13,922
- Filer's total
- $217,531
-
Benjamin Bingman-TennantBENJAMIN BINGMAN-TENNANT
CHIEF PROGRAMS OFFICER
- Total calculated
- $216,137
- From this org
- $199,798
- From related orgs
- $0
- Other
- $16,339
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $196,798
- Bonus
- $3,000
- Other
- $0
- Deferred
- $6,090
- Nontaxable benefits
- $10,249
- Filer's total
- $216,137
-
John KornfeldJOHN KORNFELD
DIRECTOR OF DEVELOPMENT
- Total calculated
- $146,453
- From this org
- $133,900
- From related orgs
- $0
- Other
- $12,553
- Hours/week
- 37.5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE CEO'S BONUS WAS LINKED TO AGREED UPON GOALS IN HIS OFFER LETTER. THE BONUS AMOUNT FOR STAFF IS APPROVED BY THE PRESIDENT & CEO, AND THE CHAIRMAN OF THE BOARD. THE BONUS AMOUNT FOR THE PRESIDENT & CEO IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. MERIT BASED BONUS PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDULAS: FRANCISCO TEZEN $10,000 BENJAMIN BINGMAN-TENNANT $3,000 DAMARIS HERRON-WATKINS $3,000 JOHN KORNFELD $3,000
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503109349304435
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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