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Nonprofiteer
← GIVE CHANCES INC

Form 990 for tax year 2023

Filed by GIVE CHANCES INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 21 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the later return

  • Young Na Lee

Totals

Total revenue
$622,206
Total expenses
$361,516
Contributions and grants received
$589,679
Grants paid
$0
Program service revenue
$35,638
Investment income
-$3,111
Other revenue
$0
Total assets, end of year
$588,301
Total liabilities, end of year
$19,497
Net assets or fund balances, end of year
$568,804
Program services expenses (Part IX)
$290,406
Management and general expenses
$71,110
Fundraising expenses
$0
Program service expenses (Part III)
$290,406

Program services were 80.3% 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)

    $22,335

  • 1f · All other contributions, gifts and grants

    $567,344

  • 2a · Program service revenue: DDARTISTS

    total $25,140 · related or exempt $25,140

  • 2b · Program service revenue: YOUTH DEVELOPMENT

    total $5,018 · related or exempt $5,018

  • 2c · Program service revenue: AFTER SCHOOL

    total $3,365 · related or exempt $3,365

  • 2d · Program service revenue: OTHER

    total $2,115 · related or exempt $2,115

  • 3 · Investment income

    total $8,175 · related or exempt $8,175

  • 7a · Gross sales of assets other than inventory

    securities $79,902

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

    securities $91,188

  • 7c · Gain or loss

    securities -$11,286

  • 7d · Net gain or loss

    total -$11,286 · related or exempt -$11,286

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $147,346 · program services $117,877 · management and general $29,469

  • 8 · Pension plan contributions

    total $3,940 · program services $3,152 · management and general $788

  • 10 · Payroll taxes

    total $12,251 · program services $9,801 · management and general $2,450

  • 11b · Fees: legal

    total $325 · management and general $325

  • 11c · Fees: accounting

    total $2,143 · program services $2,143

  • 11g · Fees: other

    total $71,456 · program services $68,733 · management and general $2,723

  • 13 · Office expenses

    total $5,429 · program services $361 · management and general $5,068

  • 16 · Occupancy

    total $1,250 · program services $1,000 · management and general $250

  • 17 · Travel

    total $3,018 · program services $2,415 · management and general $603

  • 22 · Depreciation, depletion and amortization

    total $3,667 · program services $2,934 · management and general $733

  • 23 · Insurance

    total $11,735 · program services $9,388 · management and general $2,347

  • 24a · Other expenses: PROGRAM EXPENSES

    total $60,573 · program services $60,573

  • 24b · Other expenses: PRPGRAM SUPPORT

    total $18,823 · management and general $18,823

  • 24c · Other expenses: OFFICE SUPPLIES

    total $5,071 · program services $467 · management and general $4,604

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,105 · program services $2,484 · management and general $621

  • 24e · All other expenses

    total $11,384 · program services $9,078 · management and general $2,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,774 · end of year $173,390

  • 2 · Savings and temporary cash investments

    end of year $100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,657

  • 11 · Investments: publicly traded securities

    beginning of year $253,418 · end of year $286,478

  • 14 · Intangible assets

    end of year $128,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,732 · end of year $15,039

  • 25 · Other liabilities

    beginning of year $14,174 · end of year $4,458

  • 27 · Net assets without donor restrictions

    beginning of year $271,943 · end of year $568,804

Mission and programs · 2023

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. TO PROVIDE THE STUDENTS WITH VARIOUS OPPORTUNITIES TO ACHIEVE THE ACADEMIC, MUSICAL, ARTISTIC AND SPIRITUAL DEVELPMENT SO THAT IN THE FUTURE THEY CAN GIVE BACK, DIRECTLY, SAME CHANCES AND HOPES TO THE CHILDREN UNDERPRIVILEGED.

  • AFTER-SCHOOL PROGRAM: AFTER-SCHOOL PROGRAM AIMS TO PROVIDE QUALITY OUT-OF-SCHOOL EDUCATIONAL EXPERIENCES FOR ALL STUDENTS, PARTICULARLY THOSE FROM LOW-INCOME BACKGROUNDS. 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.

    Expenses $154,243 · Revenue $3,365

  • 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 $65,162 · Revenue $5,018

  • 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 PROGRAM'S 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 $70,246 · Revenue $25,140

  • DONATION AND OTHER ACTIVITIES.

    Expenses $755 · Revenue $2,115

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hyungmin Lee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Sanggil Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jimmy Song

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dongjin Oh

    TRUSTEE AS O

    Total calculated
    $0
    Hours/week
    1

  • Byungil Kang

    TRUSTEE UNTI

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
16 May 2024
IRS schema version
2023v5.0
Source object
202441379349301774

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