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Nonprofiteer
← GUILFORD A BETTER CHANCE INC

Form 990 for tax year 2024

Filed by GUILFORD A BETTER CHANCE INC.

Totals

Total revenue
$722,291
Total expenses
$640,559
Contributions and grants received
$284,418
Grants paid
$0
Program service revenue
$0
Investment income
$46,629
Other revenue
$391,244
Total assets, end of year
$1,587,040
Total liabilities, end of year
$7,994
Net assets or fund balances, end of year
$1,579,046
Program services expenses (Part IX)
$588,232
Management and general expenses
$21,589
Fundraising expenses
$30,738
Program service expenses (Part III)
$588,232

Program services were 91.8% 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.

  • 1f · All other contributions, gifts and grants

    $284,418

  • 1g · Noncash contributions included above

    $175,805

  • 3 · Investment income

    total $46,629 · excluded $46,629

  • 8a · Fundraising events: gross income

    $15,892

  • 8c · Net income from fundraising events

    total $15,892

  • 11a · Other revenue: CONSIGNMENT SALES

    total $375,352 · unrelated business $375,352

  • 11e · Other revenue, total

    $375,352

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $41,901 · program services $41,901

  • 11g · Fees: other

    total $13,845 · program services $13,845

  • 12 · Advertising and promotion

    total $24,032 · program services $4,205 · management and general $4,206 · fundraising $15,621

  • 16 · Occupancy

    total $35,021 · program services $35,021

  • 17 · Travel

    total $6,366 · fundraising $6,366

  • 22 · Depreciation, depletion and amortization

    total $25,339 · program services $25,339

  • 23 · Insurance

    total $21,345 · program services $11,100 · management and general $1,494 · fundraising $8,751

  • 24a · Other expenses: THRIFT STORE

    total $376,621 · program services $376,621

  • 24b · Other expenses: RESIDENT DIRECTOR

    total $45,538 · program services $45,538

  • 24c · Other expenses: ACADEMIC AFFAIRS

    total $24,603 · program services $24,603

  • 24d · Other expenses: ADMINISTRATION

    total $15,889 · management and general $15,889

  • 24e · All other expenses

    total $10,059 · program services $10,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,449 · end of year $293,971

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

    $697,394

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

    $410,706

  • 10c · Land, buildings and equipment, net

    beginning of year $246,930 · end of year $286,688

  • 12 · Investments: other securities

    beginning of year $897,474 · end of year $1,003,846

  • 15 · Other assets

    beginning of year $2,535 · end of year $2,535

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,413 · end of year $7,994

  • 27 · Net assets without donor restrictions

    beginning of year $1,444,975 · end of year $1,579,046

Mission and programs · 2024

Mission

GUILFORD ABC IS A LIFE CHANGING PROGRAM THAT OFFESR ACADEMICALLY GIFTED GIRLS OF COLOR THE OPPORTUNITY TO ATTEND GIILFORD HIGH SCHOOL, LIVE IN A CARING COMMUNITY SURROUNDED BY A STRONG PROFESSIONAL SUPPORT TEAM, AND REALIZE THIER INDIVIDUAL POTENTIAL, THESE YOUNG WOMEN OPPORTUNITY TO ATTEND GUILFORD HIGH SCHOOL, LIVE IN A CARING COMMUNITY SURROUNDED BY A STRONG PROFESSIONAL SUPPORT TEAM, AND REALIZE THEIR INDIVIDUAL POTENTIAL. THESE YOUNG WOMEN, CHOSEN FROM MANY APPLICANTS TO THE NATIONAL ABC PROGRAM, COME FROM UNDER-REPRESENTED COMMUNITIES WHERE THEY LACK ACCESS TO QUALITY EDUCATIONAL EXPERIENCES. OUR PROGRAM'S PRIMARY MISSION IS TO PROVIDE THESE SCHOLARS WITH A BETTER CHANCE TO EXCEL IN HIGH SCHOOL, ATTEND A QUALITY COLLEGE OR UNIVERSITY, AND LEAD A FULFILLING PERSONAL AND PROFESSIONAL LIFE.

Activities or mission (Part I)

GUILFORD ABC IS A LIFE-CHANGING PROGRAM THAT OFFERS ACADEMICALLY GIFTED GIRLS THE COLOR THE OPPORTUNITY TO ATTEND GUILFORD HIGH SCHOOL, LIVE IN A CARING COMMUNITY SURROUNDED BY A STRONG PROFESSIONAL SUPPORT TEAM, AND REALIZE THEIR INDIVIDUAL POTENTIAL. THESE YOUNG WOMEN, CHOSEN FROM MANY APPLICANTS TO THE NATIONAL ABC PROGRAM, COME FROM UNDER-REPRESENTED COMMUNITIES WHERE THEY LACK ACCESS TO QUALITY EDUCATIONAL EXPERIENCES. OUR PROGRAM'S PRIMARY MISSION IS TO PROVIDE THESE SCHOLARS WITH A BETTER CHANCE TO EXCEL IN HIGH SCHOOL, ATTEND A QUALITY COLLEGE OR UNIVERSITY, AND LEAD A FULFILLING PERSONAL AND PROFESSIONAL LIFE. GUILFORD ABC, WHICH OPENED ITS DOORS IN 1974, WAS ONE OF THE VERY FIRST COMMUNITY-BASED ABC PROGRAMS IN THE NATION. SINCE ITS INCEPTION, GUILFORD ABC HAS SENT MORE THAN 55 YOUNG WOMEN ON TO COLLEGES AND UNIVERSITIES IN THE COUNTRY, MANY OF THEM ON FULL ACADEMIC SCHOLARSHIPS. GIVEN THEIR ACHIEVEMENTS, MANY OF THESE GUILFORD ABC GRADUATES HAVE BECOME REAL-LIFE ROLE MODELS.

  • TO PROVIDE A HOME WITH A SUPPORTIVE, FAMILY LIKE ATMOSPHERE FOR OUR SCHOLARS TO SHARE WHILE ATTENDING GUILFORD HIGH SCHOOL, INCLUDING HOUSING, FOOD, SUPERVISION, ACTIVITIES AND ACADEMIC COUNSELING.

    Expenses $562,893

  • TO PROVIDE A HOME WITH A SUPPORTIVE, FAMILY LIKE ATMOSPHERE FOR OUR SCHOLARS TO SHARE WHILE ATTENDING GUILFORD HIGH SCHOOL, INCLUDING HOUSING, FOOD, SUPERVISION, ACTIVITIES AND ACADEMIC COUNSELING.

    Expenses $25,339

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Berkowitz Gilbert

    PRESIDENT

    Total calculated
    $0

  • Nancy Patton

    PRESIDENT

    Total calculated
    $0

  • Christine Dokko

    SECRETARY

    Total calculated
    $0

  • Mark Mackowiak

    TREASURER

    Total calculated
    $0

  • Maria Brown

    BOARD MEMBER

    Total calculated
    $0

  • Julia Chaffe

    BOARD MEMBER

    Total calculated
    $0

  • Georgia Cosgrove

    BOARD MEMBER

    Total calculated
    $0

  • Mary Cosgrove

    BOARD MEMBER

    Total calculated
    $0

  • Christina Florea

    BOARD MEMBER

    Total calculated
    $0

  • Abby Goodman

    BOARD MEMBER

    Total calculated
    $0

  • Eileen Limoncelli

    BOARD MEMBER

    Total calculated
    $0

  • Natalya Hyrb

    BOARD MEMBER

    Total calculated
    $0

  • Michael Hyrb

    BOARD MEMBER

    Total calculated
    $0

  • Elisa Milano

    BOARD MEMBER

    Total calculated
    $0

  • Kristina Powell

    BOARD MEMBER

    Total calculated
    $0

  • Janet Cronin-Rumanoff

    BOARD MEMBER

    Total calculated
    $0

  • Beth Fecko Curtis

    BOARD MEMBER

    Total calculated
    $0

  • Melonie Swan

    BOARD MEMBER

    Total calculated
    $0

  • Corinne Wilson

    BOARD MEMBER

    Total calculated
    $0

  • Jeff Zeitlin

    BOARD MEMBER

    Total calculated
    $0

  • Wendy Ward

    BOARD MEMBER

    Total calculated
    $0

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
13 November 2025
IRS schema version
2024v5.0
Source object
202513219349304741

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