Civic Intelligence

Chance Academy

990 • Fiscal year 2014 • EIN 13-4361892

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1349 Independence Court SEWashington, DC 20003-2380

(202) 294-3593

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.04x

Higher debt load relative to revenue than 47% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$19,846

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

100th percentile

8544%

Faster asset growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

629%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$259,843

Up $256,837 (+8544%) from 2013

Net Assets

$241,086

No earlier filing loaded for comparison.

Liabilities

Up

$18,757

Up $18,757 from 2013

Revenue

Up

$522,193

Up $450,588 (+629%) from 2013

Expenses

Up

$279,589

Up $193,733 (+226%) from 2013

Net Income

Up

$242,604

Up $256,855 (+1802%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $28,681Liabilities 2010: $1,644Net Assets 2010: $27,0372010Assets 2011: $34,382Liabilities 2011: $0Net Assets 2011: $34,3822011Assets 2012: $17,257Liabilities 2012: $0Net Assets 2012: $17,2572012Assets 2013: $3,006Liabilities 2013: $02013Assets 2014: $259,843Liabilities 2014: $18,757Net Assets 2014: $241,0862014Assets 2015: $258,558Liabilities 2015: $23,744Net Assets 2015: $234,8142015Assets 2016: $386,049Liabilities 2016: $11,523Net Assets 2016: $374,5262016Assets 2017: $158,660Liabilities 2017: $13,468Net Assets 2017: $145,1922017Assets 2018: $290,784Liabilities 2018: $17,407Net Assets 2018: $273,3772018Assets 2019: $91,375Liabilities 2019: $19,863Net Assets 2019: $71,5122019Assets 2020: $118,636Liabilities 2020: $34,189Net Assets 2020: $84,4472020Assets 2021: $1,361,684Liabilities 2021: $47,147Net Assets 2021: $1,314,5372021Assets 2022: $1,559,693Liabilities 2022: $57,592Net Assets 2022: $1,502,1012022Assets 2023: $1,223,040Liabilities 2023: $402,230Net Assets 2023: $820,8102023Assets 2024: $800,160Liabilities 2024: $136,373Net Assets 2024: $663,7872024

Highlighted filing

2014

Assets$259,843
Liabilities$18,757
Net Assets$241,086

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $72,510Expenses 2010: $68,748Net Income 2010: $3,7622010Revenue 2011: $84,280Expenses 2011: $76,935Net Income 2011: $7,3452011Revenue 2012: $80,121Expenses 2012: $97,246Net Income 2012: -$17,1252012Revenue 2013: $71,605Expenses 2013: $85,856Net Income 2013: -$14,2512013Revenue 2014: $522,193Expenses 2014: $279,589Net Income 2014: $242,6042014Revenue 2015: $558,130Expenses 2015: $564,402Net Income 2015: -$6,2722015Revenue 2016: $839,398Expenses 2016: $671,526Net Income 2016: $167,8722016Revenue 2017: $173,764Expenses 2017: $403,098Net Income 2017: -$229,3342017Revenue 2018: $850,693Expenses 2018: $722,508Net Income 2018: $128,1852018Revenue 2019: $629,336Expenses 2019: $831,201Net Income 2019: -$201,8652019Revenue 2020: $926,515Expenses 2020: $913,580Net Income 2020: $12,9352020Revenue 2021: $2,306,904Expenses 2021: $1,076,814Net Income 2021: $1,230,0902021Revenue 2022: $1,663,380Expenses 2022: $1,475,816Net Income 2022: $187,5642022Revenue 2023: $995,828Expenses 2023: $1,677,119Net Income 2023: -$681,2912023Revenue 2024: $1,415,240Expenses 2024: $1,572,263Net Income 2024: -$157,0232024

Highlighted filing

2014

Revenue$522,193
Expenses$279,589
Net Income$242,604
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$522,193
Mission and Program Overview

Mission

The chance academy program is dedicated to two essential elements which are different, but mutually intertwined: the academic education is holistic, child-centered, arts-integrated, experiential, and developmentally appropriate. The program seeks to create a community that is dedicated to mindful and peaceful practice for all; promotes nutritional, physical, and emotional wellness; and is committed to building community within and outside of the chance academy families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,006$233,447▲ $230,441
Land, Buildings, and Equipment, Net$0$3,585▲ $3,585
Prepaid Expenses and Deferred Charges-$1,924-
Total Assets$3,006$259,843▲ $256,837
Other Assets Total$0$20,887▲ $20,887
Liabilities
Accounts Payable and Accrued Expenses$0$18,757▲ $18,757
Total Liabilities$0$18,757▲ $18,757
Net Assets / Fund Balance
Unrestricted Net Assets$3,006$226,086▲ $223,080
Temporarily Rstr Net Assets$0$15,000▲ $15,000
Total Net Assets Fund Balance$3,006$241,086▲ $238,080
Total Liabilities and Net Assets / Fund Balance$3,006$259,843▲ $256,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,585$309$3,894
Other Assets Org$4,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Luisa CombsSecretaryPT$19,846$19,846

Board Members and Trustees

NameTitle
Anna BernankePresident
Jose Ben KotelVice President
Marilyn Benoit MdDirector
Rosalia Gh MillerDirector
Celeste Rhodes NunezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$497,000
Program Service Revenue
$25,193
Investment Income
$0
Other Revenue
$0
All Other Contributions
$497,000
Change in Net Assets
$242,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$522,193
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$522,193
Total Revenue per Form 990
$522,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,153
Other Expenses$137,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,654--$106,654
Fees for Services Accounting-$21,825-$21,825
Occupancy$20,750--$20,750
Current Officers, Directors, Trustees, and Key Employees$19,846--$19,846
Payroll Taxes$15,653--$15,653
Office Expenses$11,401$786-$12,187
Travel$8,375--$8,375
Insurance-$2,947-$2,947
Other Expenses$1,134$1,483-$1,134
Fees for Services Other-$400-$400
Depreciation Depletion-$309-$309
All Other Expenses-$228-$228
Total Functional Expenses$251,611$27,978$0$279,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$279,589
Total Expenses per Audited Statements$279,589
Total Expenses per Form 990$279,589
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There were no meetings held in 2014 therefore there were no minutes written or board action that required documentation. The organization's next meeting will be held in 2015 where all actions will be documented in minutes.

Form 990, Part VI, Section B, Line 11

A draft of form 990 is prepared by a cpa firm and provided to the president and secretary for their review. Once the president and the secretary are satisfied as to the propriety of the form, it is presented to the board for its review prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcement of the conflict of interest policy are discussed regularly throughout the year.

Form 990, Part VI, Section B, Line 15

At this time, the board does not intend to hire an executive director or compensate any top management official; hence a compensation committee has not yet been formed.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon written request for the same period of time as set forth in irc section 6104(d).

Form 990, Part VI, Section B, Lines 13 & 14

The following policies were in draft format at the end of 2014 and will be finalized in 2015: the whistleblower policy and the document retention and destruction policy.

Filing and Contact Details

Filer

Filer Name
Chance Academy
EIN
13-4361892
Phone
2022943593
Address
1349 INDEPENDENCE COURT SE, WASHINGTON, DC 20003-2380

Signing Officer

Name
Anna Bernanke
Title
President
Phone
2022943593
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Bernanke
Formed
2007
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
5
Employees
14
Volunteers
7

Preparer

Firm
Mercadien Pc
Address
PO BOX 7648, PRINCETON, NJ 08543-7648
Preparer
Lovepreet Buttar CPA
Phone
6096899700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The organization changed their accounting method from the cash basis to the accrual basis for the financial statement reporting purposes and in accordance with generally accepted accounting policies in the united states. Form 3115 has been prepared and filed accordingly.

FORM 990, PART XII, LINE 2C:

2014 was the first year the organization underwent an audit of its financial statements. The board of directors as a governing body assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

FORM 990, PART XI, LINE 8:

The prior period adjustments were made to record expenses in the proper period (in 2013 rather than 2014). As a result, the financial statements for 2013 were restated and a prior period adjustment of $<4,524> has been reflected.

Financial Statement Notes

PART X, LINE 2:

The academy accounts for uncertainty in income taxes recognized in the financial statements using a recognition threshold of more likely than not as to whether the uncertainty will be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainties that met the recognition threshold. The academy's federal exempt organization returns are no longer subject to examination by the internal revenue service for years prior to 2011.

Raw XML Appendix384 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt018757
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CHANCE ACADEMY PROGRAM IS DEDICATED TO TWO ESSENTIAL ELEMENTS WHICH ARE DIFFERENT, BUT MUTUALLY INTERTWINED: THE ACADEMIC EDUCATION IS HOLISTIC, CHILD-CENTERED, ARTS-INTEGRATED, EXPERIENTIAL, AND DEVELOPMENTALLY APPROPRIATE. THE PROGRAM SEEKS TO CREATE A COMMUNITY THAT IS DEDICATED TO MINDFUL AND PEACEFUL PRACTICE FOR ALL; PROMOTES NUTRITIONAL, PHYSICAL, AND EMOTIONAL WELLNESS; AND IS COMMITTED TO BUILDING COMMUNITY WITHIN AND OUTSIDE OF THE CHANCE ACADEMY FAMILIES.
IRS990/AllOtherContributionsAmt0497000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0228
IRS990/AllOtherExpensesGrp/TotalAmt0228
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/PersonNm0ANNA BERNANKE
IRS990/BooksInCareOfDetail/PhoneNum02022943593
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01349 INDEPENDENCE COURT SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0200032380
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03006
IRS990/CashNonInterestBearingGrp/EOYAmt0233447
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt019846
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt019846
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0497000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0137436
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt025193
IRS990/CYRevenuesLessExpensesAmt0242604
IRS990/CYSalariesCompEmpBnftPaidAmt0142153
IRS990/CYTotalExpensesAmt0279589
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0522193
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0309
IRS990/DepreciationDepletionGrp/TotalAmt0309
IRS990/Desc0EDUCATIONAL TUTORING PROGRAM AND COOPERATIVE FOR HOMESCHOOLED CHILDREN OFFERING ARTS INTEGRATED, EXPERIMENTAL AND SITE-BASED LEARNING IN AGE APPROPRIATE GROUPS UTILIZING A HOLISTIC APPROACH.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0251611
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021825
IRS990/FeesForServicesAccountingGrp/TotalAmt021825
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0400
IRS990/FeesForServicesOtherGrp/TotalAmt0400
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt220.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNA BERNANKE
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSE BEN KOTEL
IRS990/Form990PartVIISectionAGrp/PersonNm2LUISA COMBS
IRS990/Form990PartVIISectionAGrp/PersonNm3CELESTE RHODES NUNEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4MARILYN BENOIT MD
IRS990/Form990PartVIISectionAGrp/PersonNm5ROSALIA GH MILLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt219846
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0522193
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02947
IRS990/InsuranceGrp/TotalAmt02947
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0309
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03585
IRS990/LandBldgEquipCostOrOtherBssAmt03894
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CHANCE ACADEMY PROGRAM IS DEDICATED TO TWO ESSENTIAL ELEMENTS WHICH ARE DIFFERENT, BUT MUTUALLY INTERTWINED: THE ACADEMIC EDUCATION IS HOLISTIC, CHILD-CENTERED, ARTS-INTEGRATED, EXPERIENTIAL, AND DEVELOPMENTALLY APPROPRIATE. THE PROGRAM SEEKS TO CREATE A COMMUNITY THAT IS DEDICATED TO MINDFUL AND PEACEFUL PRACTICE FOR ALL; PROMOTES NUTRITIONAL, PHYSICAL, AND EMOTIONAL WELLNESS; AND IS COMMITTED TO BUILDING COMMUNITY WITHIN AND OUTSIDE OF THE CHANCE ACADEMY FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03006
IRS990/NetAssetsOrFundBalancesEOYAmt0241086
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt020750
IRS990/OccupancyGrp/TotalAmt020750
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0786
IRS990/OfficeExpensesGrp/ProgramServicesAmt011401
IRS990/OfficeExpensesGrp/TotalAmt012187
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt020887
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TUTORING AND OTHER SPEC
IRS990/OtherExpensesGrp/Desc1FIELD TRIPS & WORKSHOPS
IRS990/OtherExpensesGrp/Desc2BUSINESS OPERATIONS
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01483
IRS990/OtherExpensesGrp/ProgramServicesAmt037531
IRS990/OtherExpensesGrp/ProgramServicesAmt130267
IRS990/OtherExpensesGrp/ProgramServicesAmt21134
IRS990/OtherExpensesGrp/TotalAmt037531
IRS990/OtherExpensesGrp/TotalAmt130267
IRS990/OtherExpensesGrp/TotalAmt21483
IRS990/OtherExpensesGrp/TotalAmt31134
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0106654
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106654
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015653
IRS990/PayrollTaxesGrp/TotalAmt015653
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01924
IRS990/PrincipalOfficerNm0ANNA BERNANKE
IRS990/PriorPeriodAdjustmentsAmt0-4524
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025193
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt071605
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt036133
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-14251
IRS990/PYSalariesCompEmpBnftPaidAmt049723
IRS990/PYTotalExpensesAmt085856
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt071605
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0242604
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025193
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0279589
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016887
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TRIP DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RENTAL DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03585
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0309
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03894
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0522193
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT AS TO WHETHER THE UNCERTAINTY WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD. THE ACADEMY'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03585
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020887
IRS990ScheduleD/TotalExpensesPerForm990Amt0279589
IRS990ScheduleD/TotalRevenuePerForm990Amt0522193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0522193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0279589
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHANCE ACADEMY INCLUDES ON THEIR WEB SITE A DESCRIPTION OF THEIR NONDISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO MEETINGS HELD IN 2014 THEREFORE THERE WERE NO MINUTES WRITTEN OR BOARD ACTION THAT REQUIRED DOCUMENTATION. THE ORGANIZATION'S NEXT MEETING WILL BE HELD IN 2015 WHERE ALL ACTIONS WILL BE DOCUMENTED IN MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PREPARED BY A CPA FIRM AND PROVIDED TO THE PRESIDENT AND SECRETARY FOR THEIR REVIEW. ONCE THE PRESIDENT AND THE SECRETARY ARE SATISFIED AS TO THE PROPRIETY OF THE FORM, IT IS PRESENTED TO THE BOARD FOR ITS REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY ARE DISCUSSED REGULARLY THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT THIS TIME, THE BOARD DOES NOT INTEND TO HIRE AN EXECUTIVE DIRECTOR OR COMPENSATE ANY TOP MANAGEMENT OFFICIAL; HENCE A COMPENSATION COMMITTEE HAS NOT YET BEEN FORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION CHANGED THEIR ACCOUNTING METHOD FROM THE CASH BASIS TO THE ACCRUAL BASIS FOR THE FINANCIAL STATEMENT REPORTING PURPOSES AND IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING POLICIES IN THE UNITED STATES. FORM 3115 HAS BEEN PREPARED AND FILED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt62014 WAS THE FIRST YEAR THE ORGANIZATION UNDERWENT AN AUDIT OF ITS FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS AS A GOVERNING BODY ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOLLOWING POLICIES WERE IN DRAFT FORMAT AT THE END OF 2014 AND WILL BE FINALIZED IN 2015: THE WHISTLEBLOWER POLICY AND THE DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PRIOR PERIOD ADJUSTMENTS WERE MADE TO RECORD EXPENSES IN THE PROPER PERIOD (IN 2013 RATHER THAN 2014). AS A RESULT, THE FINANCIAL STATEMENTS FOR 2013 WERE RESTATED AND A PRIOR PERIOD ADJUSTMENT OF $<4,524> HAS BEEN REFLECTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINES 13 & 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 8:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt015000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03006
IRS990/TotalAssetsEOYAmt0259843
IRS990/TotalAssetsGrp/BOYAmt03006
IRS990/TotalAssetsGrp/EOYAmt0259843
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0497000
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027978
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251611
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt018757
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt018757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0241086
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0251611
IRS990/TotalProgramServiceRevenueAmt025193
IRS990/TotalReportableCompFromOrgAmt019846
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025193
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0522193
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03006
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0259843
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt08375
IRS990/TravelGrp/TotalAmt08375
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03006
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0226086
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01349 INDEPENDENCE COURT SE
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd0200032380
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0CHANCEACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA BERNANKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02022943593
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHANCE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CHAN
ReturnHeader/Filer/EIN0134361892
ReturnHeader/Filer/PhoneNum02022943593
ReturnHeader/Filer/USAddress/AddressLine1Txt01349 INDEPENDENCE COURT SE
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200032380
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223271712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MERCADIEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 7648
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRINCETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0085437648
ReturnHeader/PreparerPersonGrp/PhoneNum06096899700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOVEPREET BUTTAR CPA
ReturnHeader/ReturnTs02015-11-16T10:40:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.14$0.66$1.42$1.57$0.16
2023Summary only. Only limited summary data is available for this year.$1.22$0.40$0.82$1.00$1.68$0.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.06$1.50$1.66$1.48$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.05$1.31$2.31$1.08$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.03$0.08$0.93$0.91$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.02$0.07$0.63$0.83$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.02$0.27$0.85$0.72$0.13
2017Summary only. Only limited summary data is available for this year.$0.16$0.01$0.15$0.17$0.40$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.01$0.37$0.84$0.67$0.17
2015Summary only. Only limited summary data is available for this year.$0.26$0.02$0.23$0.56$0.56$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$0.52$0.28$0.24
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.07$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.08$0.10$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.08$0.08$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.07$0.07$0.00