Totals
- Total revenue
- $1,636,292
- Total expenses
- $1,497,777
- Contributions and grants received
- $1,380,582
- Grants paid
- $855,623
- Program service revenue
- $255,650
- Investment income
- $60
- Other revenue
- $0
- Total assets, end of year
- $596,497
- Total liabilities, end of year
- $287,239
- Net assets or fund balances, end of year
- $309,258
- Program services expenses (Part IX)
- $1,492,387
- Management and general expenses
- $5,390
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,492,387
Program services were 99.6% 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)
$1,249,500
-
1f · All other contributions, gifts and grants
$131,082
-
1g · Noncash contributions included above
$119,450
-
2a · Program service revenue: Service Fees
total $255,650 · related or exempt $255,650
-
3 · Investment income
total $60 · excluded $60
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250 · program services $250
-
2 · Grants to domestic individuals
total $855,373 · program services $855,373
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $101,887 · program services $101,887
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $291,054 · program services $291,054
-
8 · Pension plan contributions
total $3,732 · program services $3,732
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $37,464 · program services $37,464
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $160 · program services $160
-
11c · Fees: accounting
total $120,348 · program services $120,348
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $31,985 · program services $31,985
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,865 · program services $4,865
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,740 · program services $12,740
-
17 · Travel
total $11,762 · program services $10,739 · management and general $1,023
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,145 · program services $600 · management and general $545
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,333 · management and general $1,333
-
23 · Insurance
total $1,349 · program services $1,349
-
24a · Other expenses: Supplies
total $6,479 · program services $4,584 · management and general $1,895
-
24b · Other expenses: Dues & Subscriptions
total $5,017 · program services $5,017
-
24c · Other expenses: Professional Development
total $4,043 · program services $4,043
-
24d · Other expenses: Equipment
total $3,726 · program services $3,726
-
24e · All other expenses
total $3,065 · program services $2,471 · management and general $594
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,971 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $436,004 · end of year $189,981
-
3 · Pledges and grants receivable
end of year $243,409
-
4 · Accounts receivable
beginning of year $39,037 · end of year $157,331
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,377 · end of year $1,973
-
10a · Land, buildings and equipment: cost or other basis
$4,000
-
10b · Land, buildings and equipment: accumulated depreciation
$2,222
-
10c · Land, buildings and equipment, net
beginning of year $3,111 · end of year $1,778
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $888 · end of year $2,025
-
17 · Accounts payable and accrued expenses
beginning of year $18,298 · end of year $72,055
-
19 · Deferred revenue
beginning of year $316,347 · end of year $215,184
-
27 · Net assets without donor restrictions
beginning of year $170,743 · end of year $309,258
Mission and programs · 2024
Mission
Our mission is to provide relief and support to refugees in Alaska, helping individuals and families displaced by conflict to successfully resettle, achieve self-sufficiency, and thrive in their new communities.
Activities or mission (Part I)
Our mission is to provide relief to refugees affected by conflicts in their home country, delivering aid in a manner that best meets the needs of individuals and families while respecting their rights as human beings.
-
Alaska Housing Finance Corporation - Stabilization Program. In this program we served 427 clients with 12 months of rent assistance, fund for basic life necessities, navigation through new systems such as doctor appointments, school enrollments for kids, immigration needs, life event changes, and the overall whole person support.
Expenses $964,915 · Grants $800,507
-
Through a partnership with Church World Service, New Chance Inc. implements the United States Reception and Placement (USRP) Program to welcome newly arriving refugees to Alaska. The program provides comprehensive support during their initial 90 days in the U.S., including airport reception, housing preparation, cultural orientation, and community & employment connections. In 2024, New Chance Inc. welcomed and assisted 42 individuals through this program, helping them begin their journey toward stability and self-sufficiency in Alaska.
Expenses $277,228 · Grants $55,116
-
CSS - Job Readiness - This grant supported the development and statewide delivery of a virtual Job Readiness curriculum to help refugees and humanitarian parolees prepare for employment in Alaska. The curriculum was written and instructed in 2024. Through this program, New Chance Inc. exceeded its outcome goals, serving more than 70 participants through online classes focused on job search skills, resume building, and workforce integration. As clients learn job readiness skills, they also naturally improve their English through practical, work-related communication and interactive lessons.
Expenses $159,824 · Revenue $165,202
-
CSS - Education & Employment Program serving 323 clients in completing job assessment, writing resumes, job searches and interview assistance, job coaching, interview interpretations, onboarding support to client and employers, as well as check-ins after employment. To complete this work, our team works hard on networking and connecting clients with welcoming employers.
Expenses $90,420 · Revenue $90,448
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Zoryana Opanasevych
Executive Dir.
- Total calculated
- $101,887
- From this org
- $101,887
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Yurii Tarankov
President
- Total calculated
- $0
- Hours/week
- 0
-
Dimitry Vakulich
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Taras Ilnitskiy
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Shane Engel
Treasurer
- Total calculated
- $0
- Hours/week
- 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
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523159349306707
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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