Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Liabilities / Revenue
47th percentile
Higher debt load relative to revenue than 47% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
53rd percentile
Higher top officer pay than 53% of similar nonprofits.
Top officer pay equals 3.8% of source-year revenue.
Asset Growth
100th percentile
Faster asset growth than 100% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $3,585 | $309 | $3,894 |
| Other Assets Org | $4,000 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Luisa Combs | Secretary | PT | $19,846 | $19,846 |
| Name | Title |
|---|---|
| Anna Bernanke | President |
| Jose Ben Kotel | Vice President |
| Marilyn Benoit Md | Director |
| Rosalia Gh Miller | Director |
| Celeste Rhodes Nunez | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“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.”
“Monitoring and enforcement of the conflict of interest policy are discussed regularly throughout the year.”
“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.”
“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).”
“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.”
“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.”
“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.”
“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.”
“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.”
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/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 18757 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 497000 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 228 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 228 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | ANNA BERNANKE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2022943593 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1349 INDEPENDENCE COURT SE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WASHINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 200032380 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3006 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 233447 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 19846 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 19846 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 497000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 137436 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 25193 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 242604 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 142153 |
| IRS990/CYTotalExpensesAmt | 0 | 279589 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 522193 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 309 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 309 |
| IRS990/Desc | 0 | EDUCATIONAL TUTORING PROGRAM AND COOPERATIVE FOR HOMESCHOOLED CHILDREN OFFERING ARTS INTEGRATED, EXPERIMENTAL AND SITE-BASED LEARNING IN AGE APPROPRIATE GROUPS UTILIZING A HOLISTIC APPROACH. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 14 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 251611 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 21825 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 21825 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 400 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 400 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ANNA BERNANKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOSE BEN KOTEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LUISA COMBS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CELESTE RHODES NUNEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARILYN BENOIT MD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ROSALIA GH MILLER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 19846 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 522193 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2947 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2947 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 7 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 309 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3585 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3894 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3006 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 241086 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 20750 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 20750 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 786 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 11401 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 12187 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 20887 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | TUTORING AND OTHER SPEC |
| IRS990/OtherExpensesGrp/Desc | 1 | FIELD TRIPS & WORKSHOPS |
| IRS990/OtherExpensesGrp/Desc | 2 | BUSINESS OPERATIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1483 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 37531 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 30267 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 1134 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 37531 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 30267 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1483 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1134 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 106654 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 106654 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 15653 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 15653 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1924 |
| IRS990/PrincipalOfficerNm | 0 | ANNA BERNANKE |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -4524 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION AND FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 25193 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 25193 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 71605 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 36133 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -14251 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 49723 |
| IRS990/PYTotalExpensesAmt | 0 | 85856 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 71605 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 242604 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 25193 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 279589 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 16887 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 4000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TRIP DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RENTAL DEPOSIT |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 3585 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 309 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3894 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 522193 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3585 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 20887 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 279589 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 522193 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 522193 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 279589 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | CHANCE ACADEMY INCLUDES ON THEIR WEB SITE A DESCRIPTION OF THEIR NONDISCRIMINATORY POLICY. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY ARE DISCUSSED REGULARLY THROUGHOUT THE YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 1: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 2C: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION B, LINES 13 & 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XI, LINE 8: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 15000 |
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| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 259843 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 497000 |
| IRS990/TotalEmployeeCnt | 0 | 14 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 27978 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 251611 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 279589 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 18757 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 18757 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 3006 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 241086 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 251611 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 25193 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 19846 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 522193 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 7 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 3006 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 259843 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 8375 |
| IRS990/TravelGrp/TotalAmt | 0 | 8375 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 3006 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 226086 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1349 INDEPENDENCE COURT SE |
| IRS990/USAddress/CityNm | 0 | WASHINGTON |
| IRS990/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/USAddress/ZIPCd | 0 | 200032380 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | CHANCEACADEMY.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANNA BERNANKE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2022943593 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CHANCE ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHAN |
| ReturnHeader/Filer/EIN | 0 | 134361892 |
| ReturnHeader/Filer/PhoneNum | 0 | 2022943593 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1349 INDEPENDENCE COURT SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WASHINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | DC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 200032380 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 223271712 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MERCADIEN PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 7648 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PRINCETON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 085437648 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6096899700 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LOVEPREET BUTTAR CPA |
| ReturnHeader/ReturnTs | 0 | 2015-11-16T10:40:53-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.