Civic Intelligence

Give Chances Inc.

990 • Fiscal year 2018 • EIN 45-0725864

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 13, 2019

Organization ProfileWWW.GIVECHANCES.ORG
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

85th percentile

0.06x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • NTEE Q30 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.09x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • NTEE Q30 • <$500k nonprofits • Source year 2018

Net Margin

11th percentile

-90%

Higher net margin than 11% of similar nonprofits.

2018 filings • NTEE Q30 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$50,769

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

2018 filings • NTEE Q • <$500k nonprofits • Source year 2018

Asset Growth

24th percentile

-35%

Faster asset growth than 24% of similar nonprofits.

2018 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

38%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$251,664

Down $137,899 (-35%) from 2017

Net Assets

Down

$236,771

Down $151,276 (-39%) from 2017

Liabilities

Up

$14,893

Up $13,377 (+882%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin11th percentile

Revenue

Up

$168,998

Up $46,434 (+38%) from 2017

Expenses

Up

$320,274

Up $244,969 (+325%) from 2017

Net Income

Down

-$151,276

Down $198,535 (-420%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2018

Assets$251,664
Liabilities$14,893
Net Assets$236,771
Open 2018 Filing

Operations Trend

Revenue Growth75th percentile

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

2018

Revenue$168,998
Expenses$320,274
Net Income-$151,276
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 13, 2019
Return Version
2018v3.1
Gross Receipts
$168,998
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$272,603$128,458▼ $144,145
Investments in Publicly Traded Securities$116,487$118,948▲ $2,461
Prepaid Expenses and Deferred Charges$458$858▲ $400
Accounts Receivable$15--
Total Assets$389,563$251,664▼ $137,899
Other Assets Total-$3,400-
Liabilities
Other Liabilities$316$12,993▲ $12,677
Accounts Payable and Accrued Expenses$1,200$1,900▲ $700
Total Liabilities$1,516$14,893▲ $13,377
Net Assets / Fund Balance
Unrestricted Net Assets$388,047$236,771▼ $151,276
Total Net Assets Fund Balance$388,047$236,771▼ $151,276
Total Liabilities and Net Assets / Fund Balance$389,563$251,664▼ $137,899
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sungbong KimExecutive DiFT$45,769$5,000$50,769

Board Members and Trustees

NameTitle
Hyungmin LeePresident
Eric KangTrustee
Jimmy SongTrustee
Edward YunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,248
Program Service Revenue
$0
Investment Income
$1,750
Other Revenue
$0
All Other Contributions
$161,748
Change in Net Assets
$-151,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$182,200
Salaries, Compensation, and Employee Benefits$70,933
Other Expenses$67,141
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$182,200--$182,200
Current Officers, Directors, Trustees, and Key Employees$45,692$5,077-$50,769
Fees for Services Other$33,478$4,038-$37,516
Other Salaries and Wages$10,592$1,177-$11,769
Payroll Taxes$4,107$1,760-$5,867
Occupancy$5,100--$5,100
Travel$3,472$386-$3,858
Other Employee Benefits$1,832$696-$2,528
Insurance$1,594$398-$1,992
Office Expenses$866$833-$1,699
Advertising$1,506$167-$1,673
Other Expenses$459$51-$510
All Other Expenses-$408-$408
Information Technology$255$13-$268
Total Functional Expenses$299,916$20,358$0$320,274
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Seo & Hwang Foundation IncRidgefield, NJ-Youth Scholorship$180,000
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
Payroll Liabilities$5,394
Accrued Expenses$5,174
Credit Card Debts$1,371
Payroll Taxes Payable$1,054
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 are 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
2019-02-13

Organization Details

Principal Officer
Hyungmin Lee
Formed
2011
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
2
Employees
2
Volunteers
18

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 16,237 3,608 0 contract service 16,237 0 0 payroll service 1,004 430 0 total 33,478 4,038 0”

Raw XML Appendix371 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.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0275167
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt041044
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt035132
IRS990ScheduleA/Total509Grp/TotalAmt0640048
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0122564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0276090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt041044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt035132
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0643828
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD DEBTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalLiabilityAmt012993
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IRS990ScheduleI/RecipientTable/CashGrantAmt0180000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH SCHOLORSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEO & HWANG FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0822079005
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0610 GRAND AVE
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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 ARE 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 16,237 3,608 0 CONTRACT SERVICE 16,237 0 0 PAYROLL SERVICE 1,004 430 0 TOTAL 33,478 4,038 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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020358
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0299916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320274
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01516
IRS990/TotalLiabilitiesEOYAmt014893
IRS990/TotalLiabilitiesGrp/BOYAmt01516
IRS990/TotalLiabilitiesGrp/EOYAmt014893
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0236771
IRS990/TotalOtherCompensationAmt05000
IRS990/TotalProgramServiceExpensesAmt0299916
IRS990/TotalReportableCompFromOrgAmt045769
IRS990/TotalRevenueGrp/ExclusionAmt01750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0168998
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0389563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0251664
IRS990/TravelGrp/ManagementAndGeneralAmt0386
IRS990/TravelGrp/ProgramServicesAmt03472
IRS990/TravelGrp/TotalAmt03858
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0WWW.GIVECHANCES.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HYUNGMIN LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02012660203
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-13
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/FilingSecurityInformation/AtSubmissionFilingDeviceId01E9424472DA36F0468A74DEE7C1C1FDEA79CCEC6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.162.215.227
ReturnHeader/FilingSecurityInformation/IPDt02019-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:57:41
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/PreparationDt02019-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KWANG HO KIM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-08T14:57:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$251,664
Liabilities
$14,893
Net assets
$236,771
Revenue
$168,998
Expenses
$320,274
Net income
-$151,276
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
2018Detailed filing. Detailed filing data is available for this year.$2.52$0.15$2.37$1.69$3.20$1.51
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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