A Better Chance In Ridgefield Inc
- Assets
- $1.2m
- Revenue
- $287.0k
- Investments
- $730.7k
- Employees
- 6
- Location
- Ridgefield, CT
- Founding
- 02/1987
- Data as of
- 06/2023
- EIN
- 06-1156849
Organization Overview
A Better Chance In Ridgefield Inc is located in Ridgefield, CT. The organization was established in 1987. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, A Better Chance In Ridgefield Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better Chance In Ridgefield Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, A Better Chance In Ridgefield Inc generated $287.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $275.8k during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INCREASE THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLOR WHO ARE CAPABLE OF ASSUMING POSITIONS OF RESPONSIBILITY AND LEADERSHIP IN AMERICAN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY HIGH SCHOOL EDUCATION AND LIVING ENVIRONMENT FOR EDUCATIONALLY UNDERSERVED LOW-INCOME STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Arnold Co-President | OfficerTrustee | 4 | $0 |
Karen Gerard Corresponding Secretary | OfficerTrustee | 4 | $0 |
Ira Gerard Treasurer | OfficerTrustee | 4 | $0 |
Jessica Auerbach 1st VP House | OfficerTrustee | 4 | $0 |
Jessica Brooks Director | Trustee | 2 | $0 |
Laura Dobson 2nd VP Fundraising | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,063 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,092 |
| Total Program Service Revenue | $0 |
| Investment income | $22,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,719 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,235 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,015 |
| Office expenses | $4,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,271 |
| Insurance | $24,511 |
| All other expenses | $34,984 |
| Total functional expenses | $275,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,758 |
| Net Land, buildings, and equipment | $130,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $730,688 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,280 |
| Total assets | $1,156,890 |
| Accounts payable and accrued expenses | $11,284 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,284 |
| Net assets without donor restrictions | $946,184 |
| Net assets with donor restrictions | $199,422 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,156,890 |