Civic Intelligence

Give Chances Inc.

990 • Fiscal year 2017 • EIN 45-0725864

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

5801 W Side Ave Ste 2North Bergen, NJ 07047

(201) 266-0203

Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.01x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Net Margin

83rd percentile

39%

Higher net margin than 83% of similar nonprofits.

2017 filings • NTEE Q30 • <$500k nonprofits • Source year 2017

Top Officer Pay

88th percentile

$20,769

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-56%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$389,563

Up $42,712 (+12%) from 2016

Net Assets

Up

$388,047

Up $44,241 (+13%) from 2016

Liabilities

Down

$1,516

Down $1,529 (-50%) from 2016

Revenue

Down

$122,564

Down $153,852 (-56%) from 2016

Expenses

Up

$75,305

Up $19,910 (+36%) from 2016

Net Income

Down

$47,259

Down $173,762 (-79%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $9,037Liabilities 2011: $02011Assets 2012: $8,724Liabilities 2012: $02012Assets 2013: $75,568Liabilities 2013: $0Net Assets 2013: $75,5682013Assets 2014: $90,200Liabilities 2014: $0Net Assets 2014: $90,2002014Assets 2015: $122,785Liabilities 2015: $0Net Assets 2015: $122,7852015Assets 2016: $346,851Liabilities 2016: $3,045Net Assets 2016: $343,8062016Assets 2017: $389,563Liabilities 2017: $1,516Net Assets 2017: $388,0472017Assets 2018: $251,664Liabilities 2018: $14,893Net Assets 2018: $236,7712018Assets 2019: $244,298Liabilities 2019: $22,446Net Assets 2019: $221,8522019Assets 2020: $275,402Liabilities 2020: $7,309Net Assets 2020: $268,0932020Assets 2021: $373,128Liabilities 2021: $28,781Net Assets 2021: $344,3472021Assets 2022: $310,849Liabilities 2022: $38,906Net Assets 2022: $271,9432022Assets 2023: $588,301Liabilities 2023: $19,497Net Assets 2023: $568,8042023Assets 2024: $489,068Liabilities 2024: $6,311Net Assets 2024: $482,7572024

Highlighted filing

2017

Assets$389,563
Liabilities$1,516
Net Assets$388,047

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $33,131Expenses 2011: $24,094Net Income 2011: $9,0372011Revenue 2012: $157,622Expenses 2012: $157,935Net Income 2012: -$3132012Revenue 2013: $202,078Expenses 2013: $135,234Net Income 2013: $66,8442013Revenue 2014: $36,692Expenses 2014: $22,060Net Income 2014: $14,6322014Revenue 2015: $36,952Expenses 2015: $4,367Net Income 2015: $32,5852015Revenue 2016: $276,416Expenses 2016: $55,395Net Income 2016: $221,0212016Revenue 2017: $122,564Expenses 2017: $75,305Net Income 2017: $47,2592017Revenue 2018: $168,998Expenses 2018: $320,274Net Income 2018: -$151,2762018Revenue 2019: $255,339Expenses 2019: $270,258Net Income 2019: -$14,9192019Revenue 2020: $295,075Expenses 2020: $248,834Net Income 2020: $46,2412020Revenue 2021: $361,585Expenses 2021: $285,331Net Income 2021: $76,2542021Revenue 2022: $320,074Expenses 2022: $392,478Net Income 2022: -$72,4042022Revenue 2023: $622,206Expenses 2023: $361,516Net Income 2023: $260,6902023Revenue 2024: $511,439Expenses 2024: $582,823Net Income 2024: -$71,3842024

Highlighted filing

2017

Revenue$122,564
Expenses$75,305
Net Income$47,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.3
Gross Receipts
$122,564
Mission and Program Overview

Mission

To encourage education and educational excellence through academic programs, grants, scholarship, and financial assistance to the students and people underprivileged in the united states and developing countries who do not have learning opportunities due to financial hardship. To provide the students with various opportunities to achieve the academic, musical, artistic and spiritual development so that in the future they can give back, directly or indirectly, same chances and hopes to the children underprivileged.

To encourage education and educational excellence through academic programs, grants, scholarship, and financial assistance to the students and people privileged in the united states and developing countires who do not have learning opportunities due to financial hardship. To provide the students with various opportunities to achieve the academic, musical, artistic and spiritual development so that in the future they can give back, directly or indirectly, same chances and hopes to the children privileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$231,474$272,603▲ $41,129
Investments in Publicly Traded Securities$115,377$116,487▲ $1,110
Prepaid Expenses and Deferred Charges-$458-
Accounts Receivable-$15-
Total Assets$346,851$389,563▲ $42,712
Liabilities
Accounts Payable and Accrued Expenses$1,218$1,200▼ $18
Other Liabilities$1,827$316▼ $1,511
Total Liabilities$3,045$1,516▼ $1,529
Net Assets / Fund Balance
Unrestricted Net Assets$343,806$388,047▲ $44,241
Total Net Assets Fund Balance$343,806$388,047▲ $44,241
Total Liabilities and Net Assets / Fund Balance$346,851$389,563▲ $42,712
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sungkyoon ParkVice PresidePT$20,769$20,769

Board Members and Trustees

NameTitle
Hyungmin LeePresident
Eric KangTrustee
Sanghee LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,457
Program Service Revenue
$0
Investment Income
$1,107
Other Revenue
$0
All Other Contributions
$121,457
Change in Net Assets
$47,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,335
Salaries, Compensation, and Employee Benefits$23,070
Grants and Similar Amounts Paid$2,900
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$31,752$1,469-$33,221
Current Officers, Directors, Trustees, and Key Employees$18,692$2,077-$20,769
Office Expenses$2,927$682-$3,609
Payroll Taxes$2,070$231-$2,301
Grants to Domestic Orgs$2,200--$2,200
Conferences and Meetings$1,488$165-$1,653
Insurance$1,450$161-$1,611
Fees for Services Legal-$1,300-$1,300
Travel$882$99-$981
Grants to Domestic Individuals$700--$700
Advertising$130--$130
Other Expenses$4,201$42-$42
Total Functional Expenses$66,492$8,813$0$75,305
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Debts$316
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Once the form 990 is prepared by the paid preparer, it is presented to the treasurer for an initial review. Upon the initial review performed by the treasurer, he or she provides the entire package to the president for the second review. Once reviewed by the president, it is presented to the board of trustees for the final review and sign-off.

Form 990, Page 6, Part VI, Line 15B

The compensation and other benefit package, if any, of any officers is reviewed and approved by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The governing documents are available to the general public on a written or in-person request at the principle office of the organization.

Filing and Contact Details

Filer

Filer Name
Give Chances Inc
EIN
45-0725864
Phone
2012660203
Address
5801 W SIDE AVE STE 2, NORTH BERGEN, NJ 07047

Signing Officer

Name
Hyungmin Lee
Title
President
Phone
2012660203
Signed
2018-05-08

Organization Details

Principal Officer
Hyungmin Lee
Formed
2011
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
1
Employees
1
Volunteers
5

Preparer

Firm
Kwang Ho Kim CPA
Address
44 SYLVAN AVE STE 2F, ENGLEWOOD CLIFFS, NJ 07632-2417
Preparer
Kwang Ho Kim
Phone
2019470604
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1. To encourage education and educational excellence through academic programs, grants, scholarship, and financial assistance to the students and people privileged in the united states and developing countires who do not have learning opportunities due to financial hardship. 2. To provide the students with various opportunities to achieve the academic, musical, artistic and spiritual development so that in the future they can give back, directly or indirectly, same chances and hopes to the children privileged.

Form 990, Part IX, Line 11G

Contract service 10,552 1,346 0 contract service 20,092 0 0 payroll service 554 123 0 payroll service 554 0 0 total 31,752 1,469 0

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. TO ENCOURAGE EDUCATION AND EDUCATIONAL EXCELLENCE THROUGH ACADEMIC PROGRAMS, GRANTS, SCHOLARSHIP, AND FINANCIAL ASSISTANCE TO THE STUDENTS AND PEOPLE PRIVILEGED IN THE UNITED STATES AND DEVELOPING COUNTIRES WHO DO NOT HAVE LEARNING OPPORTUNITIES DUE TO FINANCIAL HARDSHIP. 2. TO PROVIDE THE STUDENTS WITH VARIOUS OPPORTUNITIES TO ACHIEVE THE ACADEMIC, MUSICAL, ARTISTIC AND SPIRITUAL DEVELOPMENT SO THAT IN THE FUTURE THEY CAN GIVE BACK, DIRECTLY OR INDIRECTLY, SAME CHANCES AND HOPES TO THE CHILDREN PRIVILEGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE THE FORM 990 IS PREPARED BY THE PAID PREPARER, IT IS PRESENTED TO THE TREASURER FOR AN INITIAL REVIEW. UPON THE INITIAL REVIEW PERFORMED BY THE TREASURER, HE OR SHE PROVIDES THE ENTIRE PACKAGE TO THE PRESIDENT FOR THE SECOND REVIEW. ONCE REVIEWED BY THE PRESIDENT, IT IS PRESENTED TO THE BOARD OF TRUSTEES FOR THE FINAL REVIEW AND SIGN-OFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION AND OTHER BENEFIT PACKAGE, IF ANY, OF ANY OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC ON A WRITTEN OR IN-PERSON REQUEST AT THE PRINCIPLE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT SERVICE 10,552 1,346 0 CONTRACT SERVICE 20,092 0 0 PAYROLL SERVICE 554 123 0 PAYROLL SERVICE 554 0 0 TOTAL 31,752 1,469 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/TotalAmt075305
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03045
IRS990/TotalLiabilitiesEOYAmt01516
IRS990/TotalLiabilitiesGrp/BOYAmt03045
IRS990/TotalLiabilitiesGrp/EOYAmt01516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0343806
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IRS990/TotalProgramServiceExpensesAmt066492
IRS990/TotalReportableCompFromOrgAmt020769
IRS990/TotalRevenueGrp/ExclusionAmt01107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122564
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0346851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0389563
IRS990/TravelGrp/ManagementAndGeneralAmt099
IRS990/TravelGrp/ProgramServicesAmt0882
IRS990/TravelGrp/TotalAmt0981
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0343806
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IRS990/USAddress/AddressLine1Txt05801 W SIDE AVE STE 2
IRS990/USAddress/CityNm0NORTH BERGEN
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007047
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.GIVECHANCES.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HYUNGMIN LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02012660203
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GIVE CHANCES INC
ReturnHeader/Filer/BusinessNameControlTxt0GIVE
ReturnHeader/Filer/EIN0450725864
ReturnHeader/Filer/PhoneNum02012660203
ReturnHeader/Filer/USAddress/AddressLine1Txt05801 W SIDE AVE STE 2
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01E9424472DA36F0468A74DEE7C1C1FDEA79CCEC6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.162.215.227
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:55:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462855573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KWANG HO KIM CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt044 SYLVAN AVE STE 2F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD CLIFFS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0076322417
ReturnHeader/PreparerPersonGrp/PhoneNum02019470604
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KWANG HO KIM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-14T17:55:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$4.89$0.06$4.83$5.11$5.83$0.71
2023Summary only. Only limited summary data is available for this year.$5.88$0.19$5.69$6.22$3.62$2.61
2022Summary only. Only limited summary data is available for this year.$3.11$0.39$2.72$3.20$3.92$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.29$3.44$3.62$2.85$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.07$2.68$2.95$2.49$0.46
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.22$2.22$2.55$2.70$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.15$2.37$1.69$3.20$1.51
2017Detailed filing. Detailed filing data is available for this year.$3.90$0.02$3.88$1.23$0.75$0.47
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.03$3.44$2.76$0.55$2.21
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.37$0.04$0.33
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.37$0.22$0.15
2013Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$2.02$1.35$0.67
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$1.58$1.58$0.00
2011Summary only. Only limited summary data is available for this year.$0.09$0.00$0.33$0.24$0.09
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits