GIVE CHANCES INC

EIN: 450725864 501(c)(3) International Affairs

NORTHVALE, NJ

Total Revenue
$511,439
Total Expenses
$582,823
Total Assets
$489,068
Net Assets
$482,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NJ
Principal Officer
HYUNGMIN LEE
Phone
2012660640
Tax Period
2024-01-01 to 2024-12-31

GIVE CHANCES INC, founded in 2011, is a small nonprofit in the International Affairs sector that reported $511K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $583K exceeded revenue, resulting in a 14% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $240,066 Revenue: $35,542

THE PROGRAM PROVIDES HOMEWORK ASSISTANCE, MATHEMATICS AND ENGLISH ENRICHMENT CLASSES, EXTRACURRICULAR ACTIVITIES, AND MORE. THE PROGRAM HOSTS CLASSES BOTH IN-PERSON AND ONLINE TO MEET STUDENTS WHERE...

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THE PROGRAM PROVIDES HOMEWORK ASSISTANCE, MATHEMATICS AND ENGLISH ENRICHMENT CLASSES, EXTRACURRICULAR ACTIVITIES, AND MORE. THE PROGRAM HOSTS CLASSES BOTH IN-PERSON AND ONLINE TO MEET STUDENTS WHERE THEY ARE.AFTER-SCHOOL PROGRAM: AFTER-SCHOOL PROGRAM AIMS TO PROVIDE QUALITY OUT-OF-SCHOOL EDUCATIONAL EXPERIENCES FOR ALL STUDENTS, PARTICULARLY THOSE FROM LOW-INCOME BACKGROUNDS.

Program 2
Expenses: $86,153 Revenue: $14,864

YOUTH DEVELOPMENT PROGRAM: CHANCE MAKERS IS A YOUTH VOLUNTEER COUNCIL FOR HIGH SCHOOL STUDENTS THAT FOCUSES ON LEADERSHIP TRAINING AND ADVOCACY INITIATIVES. WITH A FOCUS ON THE TOPIC OF EDUCATIONAL...

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YOUTH DEVELOPMENT PROGRAM: CHANCE MAKERS IS A YOUTH VOLUNTEER COUNCIL FOR HIGH SCHOOL STUDENTS THAT FOCUSES ON LEADERSHIP TRAINING AND ADVOCACY INITIATIVES. WITH A FOCUS ON THE TOPIC OF EDUCATIONAL EQUALITY, MEMBERS ARE GIVEN OPPORTUNITIES TO ENHANCE THEIR LEADERSHIP ABILITIES, DEVELOP RESEARCH SKILLS, AND VOLUNTEER FOR A MEANINGFUL CAUSE.

Program 3
Expenses: $78,963 Revenue: $6,728

DDARTISTS PROGRAM: THE DDARTISTS DISABILITY SUPPORT PROGRAM IS A PROGRAM FOR YOUNG ARTISTS WITH DEVELOPMENTAL DISABILITIES. IT FOSTERS A COMPASSIONATE ENVIRONMENT, EMPOWERING PARTICIPANTS TO EXPLORE...

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DDARTISTS PROGRAM: THE DDARTISTS DISABILITY SUPPORT PROGRAM IS A PROGRAM FOR YOUNG ARTISTS WITH DEVELOPMENTAL DISABILITIES. IT FOSTERS A COMPASSIONATE ENVIRONMENT, EMPOWERING PARTICIPANTS TO EXPLORE THEIR ARTISTIC TALENTS WHILE DEVELOPING VITAL LIFE SKILLS. THE PROGRAMS WEEKLY SESSIONS ARE STRUCTURED INTO TALENT DEVELOPMENT AND JOB TRAINING COMPONENTS FOR A HOLISTIC APPROACH TO SKILL ENHANCEMENT AND OVERALL GROWTH. THE PROGRAM OFFERS ART TRAINING DESIGNED FOR PROFESSIONAL SUCCESS AS ARTISTS OR DESIGNERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $359,440
Program Service Revenue $104,457
Investment Income $47,542
Other Revenue $0
TOTAL REVENUE $511,439

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $195,835
Fundraising Expenses $0
Program Expenses $406,820
Other Expenses $385,488
TOTAL EXPENSES $582,823

Year-over-Year Comparison

2024 2023 Change
Revenue $511,439 $622,206 -0.2%
Expenses $582,823 $361,516 +0.6%
Net Income $-71,384 $260,690 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
7
Volunteers
450

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$116,074
Total Directors
5
$116,074
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUNG NA LEE SECRETARY AND ED 40.00
Officer Director
$115,990 $0 $116,074
JIMMY SONG TRUSTEE 1.00
Director
$0 $0 $0
DONGJIN OH TRUSTEE 1.00
Director
$0 $0 $0
HYUNGMIN LEE PRESIDENT 5.00
Officer Director
$0 $0 $0
SANGGIL LEE TREASURER 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $511,439 $582,823 $489,068 $-71,384
2023 $622,206 $361,516 $588,301 $260,690
2023 $622,206 $361,516 $588,301 $260,690
2023 $622,206 $361,516 $588,301 $260,690
2022 $320,074 $392,478 $310,849 $-72,404
2021 $361,585 $285,331 $373,128 $76,254
2020 $295,075 $248,834 $275,402 $46,241
2019 $255,339 $270,258 $244,298 $-14,919
2018 $168,998 $320,274 $251,664 $-151,276
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