Civic Intelligence

Give Chances Inc.

990 • Fiscal year 2021 • EIN 45-0725864

Jan 01, 2021 to Dec 31, 2021 • Filed on May 06, 2022

Organization ProfileWWW.GIVECHANCES.ORG
235 Pegasus AveNorthvale, NJ 07647

(201) 266-0640

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.08x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • NTEE Q30 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.08x

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

2021 filings • NTEE Q30 • <$500k nonprofits • Source year 2021

Net Margin

69th percentile

21%

Higher net margin than 69% of similar nonprofits.

2021 filings • NTEE Q30 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2021 filings • NTEE Q30 • <$500k nonprofits • Source year 2021

Asset Growth

65th percentile

35%

Faster asset growth than 65% of similar nonprofits.

2021 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

23%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • NTEE Q30 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$373,128

Up $97,726 (+35%) from 2020

Net Assets

Up

$344,347

Up $76,254 (+28%) from 2020

Liabilities

Up

$28,781

Up $21,472 (+294%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin69th percentile

Revenue

Up

$361,585

Up $66,510 (+23%) from 2020

Expenses

Up

$285,331

Up $36,497 (+15%) from 2020

Net Income

Up

$76,254

Up $30,013 (+65%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2021

Assets$373,128
Liabilities$28,781
Net Assets$344,347
Open 2021 Filing

Operations Trend

Revenue Growth57th 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

2021

Revenue$361,585
Expenses$285,331
Net Income$76,254
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 6, 2022
Return Version
2021v4.0
Gross Receipts
$361,585
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$225,666$288,625▲ $62,959
Cash and Non-Interest-Bearing Accounts$49,467$82,773▲ $33,306
Pledges and Grants Receivable-$1,050-
Prepaid Expenses and Deferred Charges$269$680▲ $411
Total Assets$275,402$373,128▲ $97,726
Liabilities
Other Liabilities$5,490$14,512▲ $9,022
Accounts Payable and Accrued Expenses$1,819$14,269▲ $12,450
Total Liabilities$7,309$28,781▲ $21,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$268,093$344,347▲ $76,254
Total Net Assets Fund Balance$268,093$344,347▲ $76,254
Total Liabilities and Net Assets / Fund Balance$275,402$373,128▲ $97,726
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$348,626
Program Service Revenue
$0
Investment Income
$12,959
Other Revenue
$0
All Other Contributions
$306,581
Change in Net Assets
$76,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,828
Other Expenses$77,751
Grants and Similar Amounts Paid$19,752
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,491$26,341-$166,832
Grants to Domestic Orgs$19,752--$19,752
Payroll Taxes$13,739$2,424-$16,163
Insurance$7,521$1,327-$8,848
Fees for Services Other$5,501$971-$6,472
Office Expenses$353$3,554-$3,907
Fees for Services Accounting-$3,500-$3,500
Fees for Services Legal-$3,100-$3,100
Pension Plan Contributions$2,325$410-$2,735
Travel$2,103$371-$2,474
Other Employee Benefits$1,784$314-$2,098
Other Expenses$1,166$206-$1,372
Interest$421$74-$495
Information Technology$256$46-$302
Total Functional Expenses$232,940$52,391$0$285,331
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
Accrued Expenses$9,713
Credit Card$4,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 treasure for an initial review. Upon the initial review performed by the treaurer, 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 15A

“The compensation and other benefit package, if any, of any officeres are reviewed and approved by the board of trustees.”

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

“The compensation and other benefit package, if any, of any officeres 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
2012660640
Address
235 PEGASUS AVE, NORTHVALE, NJ 07647

Signing Officer

Name
Hyungmin Lee
Title
President
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hyungmin Lee
Formed
2011
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
2
Employees
4
Volunteers
120

Preparer

Firm
Peach Tree Acct & Taxation LLC
Address
600 SYLVAN AVE STE 101, ENGLEWOOD CLIFFS, NJ 07632
Preparer
David H Lee
Phone
2014085363
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Raw XML Appendix340 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01819
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014269
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt0306581
IRS990/BooksInCareOfDetail/PersonNm0HYUNGMIN LEE
IRS990/BooksInCareOfDetail/PhoneNum02012660640
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0235 PEGASUS AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORWOOD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007647
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt049467
IRS990/CashNonInterestBearingGrp/EOYAmt082773
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0348626
IRS990/CYGrantsAndSimilarPaidAmt019752
IRS990/CYInvestmentIncomeAmt012959
IRS990/CYOtherExpensesAmt077751
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt076254
IRS990/CYSalariesCompEmpBnftPaidAmt0187828
IRS990/CYTotalExpensesAmt0285331
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0361585
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDE EDUCATIONAL AND FINANCIAL SUPPORTS TO THE STUDENTS WITH FINANCIAL HARDSHIP.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0167179
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03500
IRS990/FeesForServicesAccountingGrp/TotalAmt03500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03100
IRS990/FeesForServicesLegalGrp/TotalAmt03100
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0971
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05501
IRS990/FeesForServicesOtherGrp/TotalAmt06472
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0HYUNGMIN LEE
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC KANG
IRS990/Form990PartVIISectionAGrp/PersonNm2EDWARD YUN
IRS990/Form990PartVIISectionAGrp/PersonNm3JIMMY SONG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt042045
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt019752
IRS990/GrantsToDomesticOrgsGrp/TotalAmt019752
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0361585
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt046
IRS990/InformationTechnologyGrp/ProgramServicesAmt0256
IRS990/InformationTechnologyGrp/TotalAmt0302
IRS990/InsuranceGrp/ManagementAndGeneralAmt01327
IRS990/InsuranceGrp/ProgramServicesAmt07521
IRS990/InsuranceGrp/TotalAmt08848
IRS990/InterestGrp/ManagementAndGeneralAmt074
IRS990/InterestGrp/ProgramServicesAmt0421
IRS990/InterestGrp/TotalAmt0495
IRS990/InvestmentIncomeGrp/ExclusionAmt012959
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012959
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0225666
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0288625
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0268093
IRS990/NetAssetsOrFundBalancesEOYAmt0344347
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0268093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0344347
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03554
IRS990/OfficeExpensesGrp/ProgramServicesAmt0353
IRS990/OfficeExpensesGrp/TotalAmt03907
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0314
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01784
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02098
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTION
IRS990/OtherExpensesGrp/Desc2MERCHANT SERVICE FEE
IRS990/OtherExpensesGrp/Desc3OTHER MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09186
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1355
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3206
IRS990/OtherExpensesGrp/ProgramServicesAmt034316
IRS990/OtherExpensesGrp/ProgramServicesAmt12012
IRS990/OtherExpensesGrp/ProgramServicesAmt21200
IRS990/OtherExpensesGrp/ProgramServicesAmt31166
IRS990/OtherExpensesGrp/TotalAmt043502
IRS990/OtherExpensesGrp/TotalAmt12367
IRS990/OtherExpensesGrp/TotalAmt21412
IRS990/OtherExpensesGrp/TotalAmt31372
IRS990/OtherLiabilitiesGrp/BOYAmt05490
IRS990/OtherLiabilitiesGrp/EOYAmt014512
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026341
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0140491
IRS990/OtherSalariesAndWagesGrp/TotalAmt0166832
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02424
IRS990/PayrollTaxesGrp/ProgramServicesAmt013739
IRS990/PayrollTaxesGrp/TotalAmt016163
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0410
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02325
IRS990/PensionPlanContributionsGrp/TotalAmt02735
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01050
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0269
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0680
IRS990/PrincipalOfficerNm0HYUNGMIN LEE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE MAINLY FOOD ASSISTANCE FOR THOSE WHO HAVE EXPERIENCED ECONOMIC HARDSHIP.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt065761
IRS990/ProgSrvcAccomActy2Grp/GrantAmt019752
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0273218
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010729
IRS990/PYInvestmentIncomeAmt021857
IRS990/PYOtherExpensesAmt078289
IRS990/PYRevenuesLessExpensesAmt046241
IRS990/PYSalariesCompEmpBnftPaidAmt0159816
IRS990/PYTotalExpensesAmt0248834
IRS990/PYTotalRevenueAmt0295075
IRS990/ReconcilationRevenueExpnssAmt076254
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0348626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0273218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0251253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0167248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0121457
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01161802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01107
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041759
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43810
IRS990ScheduleA/PublicSupportPY170Pct00.58870
IRS990ScheduleA/PublicSupportTotal170Amt0527339
IRS990ScheduleA/SubstantialContributorsTotAmt0634463
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0348626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0273218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0251253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0167248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0121457
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01161802
IRS990ScheduleA/TotalSupportAmt01203561
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD
IRS990ScheduleD/TotalLiabilityAmt014512
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE THE FORM 990 IS PREPARED BY THE PAID PREPARER, IT IS PRESENTED TO THE TREASURE FOR AN INITIAL REVIEW. UPON THE INITIAL REVIEW PERFORMED BY THE TREAURER, 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 OFFICERES ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION AND OTHER BENEFIT PACKAGE, IF ANY, OF ANY OFFICERES ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC ON A WRITTEN OR IN-PERSON REQUEST AT THE PRINCIPLE OFFICE OF THE ORGANIZATION.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0275402
IRS990/TotalAssetsEOYAmt0373128
IRS990/TotalAssetsGrp/BOYAmt0275402
IRS990/TotalAssetsGrp/EOYAmt0373128
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0348626
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052391
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0232940
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285331
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07309
IRS990/TotalLiabilitiesEOYAmt028781
IRS990/TotalLiabilitiesGrp/BOYAmt07309
IRS990/TotalLiabilitiesGrp/EOYAmt028781
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0268093
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0344347
IRS990/TotalProgramServiceExpensesAmt0232940
IRS990/TotalRevenueGrp/ExclusionAmt012959
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361585
IRS990/TotalVolunteersCnt0120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0275402
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0373128
IRS990/TravelGrp/ManagementAndGeneralAmt0371
IRS990/TravelGrp/ProgramServicesAmt02103
IRS990/TravelGrp/TotalAmt02474
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0235 PEGASUS AVE
IRS990/USAddress/CityNm0NORWOOD
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007647
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.GIVECHANCES.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HYUNGMIN LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GIVE CHANCES INC
ReturnHeader/Filer/BusinessNameControlTxt0GIVE
ReturnHeader/Filer/EIN0450725864
ReturnHeader/Filer/PhoneNum02012660640
ReturnHeader/Filer/USAddress/AddressLine1Txt0235 PEGASUS AVE
ReturnHeader/Filer/USAddress/CityNm0NORTHVALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007647
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272997846
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PEACH TREE ACCT & TAXATION LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 SYLVAN AVE STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD CLIFFS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007632
ReturnHeader/PreparerPersonGrp/PhoneNum02014085363
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID H LEE
ReturnHeader/ReturnTs02022-05-09T17:48:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HYUNGMIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$373,128
Liabilities
$28,781
Net assets
$344,347
Revenue
$361,585
Expenses
$285,331
Net income
$76,254
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
2021Detailed filing. Detailed filing data is available for this year.$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
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