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← THE CHILDREN DESERVE A CHANCE FOUNDATION

Form 990 for tax year 2022

Filed by THE CHILDREN DESERVE A CHANCE FOUNDATION.

Totals

Total revenue
$1,469,898
Total expenses
$1,358,542
Contributions and grants received
$1,125,632
Grants paid
$2,000
Program service revenue
$338,196
Investment income
-$1,321
Other revenue
$7,391
Total assets, end of year
$1,181,372
Total liabilities, end of year
$1,315,080
Net assets or fund balances, end of year
-$133,708
Program services expenses (Part IX)
$830,655
Management and general expenses
$333,909
Fundraising expenses
$193,978
Program service expenses (Part III)
$830,655

Program services were 61.1% 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)

    $176,405

  • 1f · All other contributions, gifts and grants

    $949,227

  • 2a · Program service revenue: SCHOOL PARTNERSHIP

    total $313,396 · related or exempt $313,396

  • 2b · Program service revenue: SCHOOL TRIPS

    total $24,800 · related or exempt $24,800

  • 3 · Investment income

    total $10,644 · excluded $10,644

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

    securities $11,965

  • 7c · Gain or loss

    securities -$11,965

  • 7d · Net gain or loss

    total -$11,965 · excluded -$11,965

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $7,391 · related or exempt $7,391

  • 11e · Other revenue, total

    $7,391

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 5 · Compensation of officers, directors and key employees

    total $224,065 · program services $134,439 · management and general $44,813 · fundraising $44,813

  • 7 · Other salaries and wages

    total $476,239 · program services $285,743 · management and general $95,248 · fundraising $95,248

  • 9 · Other employee benefits

    total $21,955 · program services $13,173 · management and general $4,391 · fundraising $4,391

  • 10 · Payroll taxes

    total $56,368 · program services $33,820 · management and general $11,274 · fundraising $11,274

  • 11b · Fees: legal

    total $250 · program services $75 · management and general $175

  • 11c · Fees: accounting

    total $29,569 · program services $8,871 · management and general $20,698

  • 11f · Fees: investment management

    total $1,093 · management and general $1,093

  • 11g · Fees: other

    total $79,646 · program services $23,893 · management and general $55,753

  • 12 · Advertising and promotion

    total $7,357 · program services $3,678 · fundraising $3,679

  • 13 · Office expenses

    total $7,386 · program services $738 · management and general $4,801 · fundraising $1,847

  • 16 · Occupancy

    total $85,374 · program services $64,030 · management and general $21,344

  • 17 · Travel

    total $19,391 · program services $15,513 · management and general $1,939 · fundraising $1,939

  • 20 · Interest

    total $23,934 · management and general $23,934

  • 22 · Depreciation, depletion and amortization

    total $1,074 · program services $806 · management and general $161 · fundraising $107

  • 23 · Insurance

    total $7,134 · program services $713 · management and general $5,708 · fundraising $713

  • 24a · Other expenses: ATOLLO PROGRAM

    total $166,645 · program services $166,645

  • 24b · Other expenses: COLLEGE TOUR/EDUCATION

    total $72,485 · program services $72,485

  • 24c · Other expenses: FUNDRAISING

    total $29,967 · fundraising $29,967

  • 24d · Other expenses: MISCELLANEOUS

    total $22,921 · program services $2,292 · management and general $20,629

  • 24e · All other expenses

    total $23,689 · program services $1,741 · management and general $21,948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $745 · end of year $504,568

  • 2 · Savings and temporary cash investments

    beginning of year $601

  • 4 · Accounts receivable

    beginning of year $204,283 · end of year $6,621

  • 8 · Inventories for sale or use

    beginning of year $2,640 · end of year $8,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $300 · end of year $300

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

    $90,701

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

    $89,655

  • 10c · Land, buildings and equipment, net

    beginning of year $2,120 · end of year $1,046

  • 11 · Investments: publicly traded securities

    beginning of year $101,161 · end of year $106,115

  • 15 · Other assets

    beginning of year $0 · end of year $554,642

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,037 · end of year $110,992

  • 23 · Secured mortgages and notes payable

    beginning of year $300,000 · end of year $634,338

  • 25 · Other liabilities

    beginning of year $176,405 · end of year $569,750

  • 27 · Net assets without donor restrictions

    beginning of year -$577,732 · end of year -$439,709

  • 28 · Net assets with donor restrictions

    beginning of year $318,140 · end of year $306,001

Mission and programs · 2022

Mission

DRIVEN BY THE SPIRIT OF MERCY AND COMPASSION, THE MISSION OF THE CHILDREN DESERVE A CHANCE FOUNDATION IS TO AID IN THE FINANCIAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT OF UNDERPRIVILEGED AND DISABLED YOUTH.

Activities or mission (Part I)

TO SUPPORT SUCCESS-ORIENTED YOUTH FROM PRIMARILY UNDER-REPRESENTED COMMUNITIES IN THEIR PURSUIT OF ACADEMIC ACHEIVEMENT, EMPOWERMENT, AND SOCIAL ENGAGEMENT.

  • THE ATTOLLO PROGRAM IS A COLLEGE PREP PROGRAM THAT SEEKS TO EMPOWER DISADVANTAGED YOUTH WITH THE SKILLS REQUIRED TO RISE ABOVE THEIR OBSTACLES, ATTEND COLLEGE, AND GRADUATE. THIS IS ACHIEVED THROUGH SUNRISE CLASSES, ONE-ON-ONE TUTORING, COLLEGE TOURS, SAT PREP CLASSES, AND AWARDING COLLEGE SCHOLARSHIPS TO HIGH ACHEIVING HIGH SCHOOL SENIORS.

    Expenses $830,655 · Grants $2,000 · Revenue $345,587

As filed on the 2022 return.

Listed in Part VII

  • JORDAN STEFFY

    FOUNDER AND PRESIDENT

    Total calculated
    $102,699
    From this org
    $97,800
    From related orgs
    $0
    Other
    $4,899
    Hours/week
    40

  • THADDEUS LEE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL RUCHLEWICZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHERI STEFFY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • K KAY MANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEONEL SILVA

    EXECUTIVE DIRECTOR

    Total calculated
    $108,956
    From this org
    $102,000
    From related orgs
    $0
    Other
    $6,956
    Hours/week
    40

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
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202421179349300402

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