Civic Intelligence

Chance Academy

990 • Fiscal year 2022 • EIN 13-4361892

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 12, 2023

1349 Independence CT SEWashington, DC 20003-2380

(240) 746-2550

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

72nd percentile

15%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-28%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,559,693

Up $198,009 (+15%) from 2021

Net Assets

Up

$1,502,101

Up $187,564 (+14%) from 2021

Liabilities

Up

$57,592

Up $10,445 (+22%) from 2021

Revenue

Down

$1,663,380

Down $643,524 (-28%) from 2021

Expenses

Up

$1,475,816

Up $399,002 (+37%) from 2021

Net Income

Down

$187,564

Down $1,042,526 (-85%) from 2021

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

2022

Assets$1,559,693
Liabilities$57,592
Net Assets$1,502,101

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

2022

Revenue$1,663,380
Expenses$1,475,816
Net Income$187,564
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 12, 2023
Return Version
2021v4.2
Gross Receipts
$1,663,380
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.

The mission of chance academy is to be an educational community that serves as a center for learning for students and their families and fosters environmental stewardship, wellness, peace-building, cultural literacy, and community and belonging.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,054,215$1,315,948▲ $261,733
Cash and Non-Interest-Bearing Accounts$209,820$190,730▼ $19,090
Accounts Receivable$82,960$31,287▼ $51,673
Prepaid Expenses and Deferred Charges$10,689$17,728▲ $7,039
Total Assets$1,361,684$1,559,693▲ $198,009
Other Assets Total$4,000$4,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,847$56,842▲ $9,995
Deferred Revenue$300$750▲ $450
Total Liabilities$47,147$57,592▲ $10,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,161,565$1,502,101▲ $340,536
Net Assets With Donor Restrictions$152,972$0▼ $152,972
Total Net Assets Fund Balance$1,314,537$1,502,101▲ $187,564
Total Liabilities and Net Assets / Fund Balance$1,361,684$1,559,693▲ $198,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,052,275$7,934$1,060,209
Land$252,367-$252,367
Other Land Buildings$11,306-$11,306
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maia Falconi-sachsPresident
Casey RoncoroniDirector
Marilyn BenoitDirector
Marvin J Owens JrDirector
Rosalia Gh MillerDirector
Anna BernankeExecutive Director
Celeste NunezSecretary
Mildred MusgroveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,586,847
Program Service Revenue
$75,450
Investment Income
$115
Other Revenue
$968
All Other Contributions
$1,586,847
Change in Net Assets
$187,564

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,636,653
Revenue Not Reported on Financial Statements
$26,727
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$26,727
Total Revenue per Audited Statements
$1,636,653
Total Revenue per Form 990
$1,663,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,085,055
Other Expenses$299,334
Total Fundraising Expense$73,696
Professional Fundraising Fees$64,700
Grants and Similar Amounts Paid$26,727

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$893,047$104,520-$997,567
Payroll Taxes$79,447$8,041-$87,488
Occupancy$67,040--$67,040
All Other Expenses$35,185$21,851$8,996$66,032
Fees for Services Professional Fundraising--$64,700$64,700
Fees for Services Accounting-$56,087-$56,087
Grants to Domestic Individuals$26,727--$26,727
Other Expenses$15,428$814-$15,428
Insurance-$7,759-$7,759
Office Expenses$4,459$1,045-$5,504
Information Technology$4,475$356-$4,831
Depreciation Depletion-$1,330-$1,330
Travel$1,327--$1,327
Total Functional Expenses$1,200,317$201,803$73,696$1,475,816

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,475,816
Expenses per Audited Statements$1,449,089
Total Expenses per Audited Statements$1,449,089
Expenses Not Reported on Financial Statements$26,727
Other Expense Adjustments$26,727
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$64,700
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 is prepared by a cpa firm and provided to the executive director and manager for their review. Once the executive director and manager 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

Anna bernanke is a founder and volunteer executive director. There are no other compensated senior staff, and therefore no compensation committee is necessary.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Chance Academy
EIN
13-4361892
Phone
2407462550
Address
1349 INDEPENDENCE CT SE, WASHINGTON, DC 20003-2380

Signing Officer

Name
Anna Bernanke
Title
Executive Director
Phone
2407462550
Signed
2023-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Bernanke
Formed
2007
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
0

Preparer

Firm
Dembo Jones Pc
Address
6116 EXECUTIVE BLVD SUITE 500, NORTH BETHESDA, MD 20852
Preparer
Bert L Swain CPA
Phone
3017705100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Chance academy is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Chance academy is not a private foundation. For each fiscal year, chance academy has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition discounts 26,727.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition discounts 26,727.

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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADMISSION PROCESSING F
IRS990/OtherRevenueMiscGrp/Desc1REBATES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0800
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1168
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1168
IRS990/OtherRevenueTotalAmt0968
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104520
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0893047
IRS990/OtherSalariesAndWagesGrp/TotalAmt0997567
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08041
IRS990/PayrollTaxesGrp/ProgramServicesAmt079447
IRS990/PayrollTaxesGrp/TotalAmt087488
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010689
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017728
IRS990/PrincipalOfficerNm0ANNA BERNANKE
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt075450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt075450
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02270266
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0853
IRS990/PYOtherExpensesAmt0145881
IRS990/PYOtherRevenueAmt0930
IRS990/PYProgramServiceRevenueAmt034855
IRS990/PYRevenuesLessExpensesAmt01230090
IRS990/PYSalariesCompEmpBnftPaidAmt0930933
IRS990/PYTotalExpensesAmt01076814
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02306904
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0187564
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt076418
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/BuildingsGrp/BookValueAmt01052275
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07934
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01060209
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026727
IRS990ScheduleD/ExpensesSubtotalAmt01449089
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0252367
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252367
IRS990ScheduleD/OtherExpensesNotIncludedAmt026727
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011306
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011306
IRS990ScheduleD/OtherRevenuesNotIncludedAmt026727
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt026727
IRS990ScheduleD/RevenueSubtotalAmt01636653
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANCE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. CHANCE ACADEMY IS NOT A PRIVATE FOUNDATION. FOR EACH FISCAL YEAR, CHANCE ACADEMY HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TUITION DISCOUNTS 26,727.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TUITION DISCOUNTS 26,727.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01315948
IRS990ScheduleD/TotalExpensesPerForm990Amt01475816
IRS990ScheduleD/TotalRevenuePerForm990Amt01663380
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01636653
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01449089
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
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-19500
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-45200
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0JEFFREY MILLARD AND ASSOCIATES
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1BRIDGE PHILANTHROPIC CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt019500
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt145200
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt017518 LORNE ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1311 WEST 43RD STREET
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0NORTHRIDGE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd091325
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd110036
IRS990ScheduleG/LicensedStatesCd0MD
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0PROGRAM ACTIVITY TO EDUCATE PUBLIC.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalNetToOrganizationAmt0-64700
IRS990ScheduleG/TotalRetainedByContractorsAmt064700
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt026727
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION PAYMENT REDUCTION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt023
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FAMILIES NEED TO COMPLETE OUR FINANCIAL AID FORM WHICH ASKS FOR THEIR MONTHLY EXPENSES AND SOURCES OF INCOME, SUBMIT THEIR MOST RECENT 1040 SHOWING THEIR INCOME, AND SIT DOWN IN AN INTERVIEW WITH OUR DIRECTOR OF PROGRAM AND PLANNING. THE INTERVIEW WILL DETERMINE AN EQUITABLE PAYMENT FOR THE FAMILY THAT IS A MUTUALLY AGREED UPON AMOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PREPARED BY A CPA FIRM AND PROVIDED TO THE EXECUTIVE DIRECTOR AND MANAGER FOR THEIR REVIEW. ONCE THE EXECUTIVE DIRECTOR AND MANAGER 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/ExplanationTxt3ANNA BERNANKE IS A FOUNDER AND VOLUNTEER EXECUTIVE DIRECTOR. THERE ARE NO OTHER COMPENSATED SENIOR STAFF, AND THEREFORE NO COMPENSATION COMMITTEE IS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CHANCE ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CHANCE MANOR LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0851974110
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDS PROPERTY FOR SCHOOL
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt014 WEEMS CREEK DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd021401
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01361684
IRS990/TotalAssetsEOYAmt01559693
IRS990/TotalAssetsGrp/BOYAmt01361684
IRS990/TotalAssetsGrp/EOYAmt01559693

Document Assets

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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
2022Detailed filing. Detailed filing data is available for this year.$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