A Chance In Life Inc
- Assets
- $4.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 08/1952
- Data as of
- 12/2021
- EIN
- 13-1835632
Organization Overview
A Chance In Life Inc, operating under the name A Chance In Life, is located in New York, NY. The organization was established in 1952. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, A Chance In Life employed 7 individuals. This organization is the central organization for a national or regional group of organizations. A Chance In Life 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 12/2021, A Chance In Life generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATURE OF THE ACTIVITIES TO BE CONDUCTED AND THE PURPOSE TO BE PROMOTED OR CARRIED OUT BY THE ORGANIZATION IS (A) TO SOLICIT FUNDS AND CONTRIBUTIONS TO SUPPORT WORK THROUGHOUT THE WORLD TO PROVIDE A CHANCE IN LIFE AND TO MAKE LASTING, POSITIVE DIFFERENCES IN THE LIVES OF DISADVANTAGED, POOR AND AT-RISK CHILDREN, THEIR FAMILIES, AND THEIR COMMUNITIES, DIRECTLY OR THROUGH OTHER HUMANITARIAN ORGANIZATIONS AND INSTRUMENTALITIES AS THE CORPORATION MAY ELECT TO AID OR ASSIST, OR THROUGH AGENTS OF THE ORGANIZATION ABROAD, AND (B) TO ENGAGE IN CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ABOUT 73 BOYS AND GIRLS PER YEAR THROUGH "L'OPERA NAZIONALE PER LE CITT DEI RAGAZZI" IN ROME, ITALY, AND "LA REPUBBLICA DEI RAGAZZI" IN CIVITAVECCHIA, ITALY, PROVIDING FOOD, CLOTHING, SCHOLARSHIPS, LODGING AND MEDICAL AND PSYCHOLOGICAL ASSISTANCE. SUPPORT ABOUT 480 BOYS AND GIRLS THROUGH THE CATHOLIC DIOCESE OF EMDIBIR IN ETHIOPIA, PROVIDING FOOD, CLOTHING, SCHOLARSHIPS, LODGING AND MEDICAL AND PSYCHOLOGICAL ASSISTANCE. SUPPORT 10 GIRLS IN UGANDA THROUGH 1 PROGRAM. SUPPORT ABOUT 1,341 BOYS AND GIRLS IN THE STATE OF KERALA, INDIA, THROUGH 13 ORPHANAGES, PROVIDING FOOD, CLOTHING, SCHOLARSHIPS, LODGING AND MEDICAL AND PSYCHOLOGICAL ASSISTANCE. SUPPORT ABOUT 1,515 CHILDREN (818 BOYS AND 697 GIRLS)IN 11 INSTITUTIONS LOCATED IN BOLIVIA, PERU, COLOMBIA AND GUATEMALA,LATIN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriele Delmonaco Executive Di | Officer | 50 | $226,000 |
Claire W Gallagher V.P. Of Dev | 40 | $129,074 | |
Stephen Bellini Treasurer | Trustee | 1 | $0 |
Guy Chiarello Board Member | Trustee | 0.5 | $0 |
Eugene B Ceccotti Board Member | Trustee | 0.5 | $0 |
Herman Hochberg Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $503,091 |
| Related organizations | $0 |
| Government grants | $192,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,743,684 |
| Noncash contributions included in lines 1a–1f | $174,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,438,934 |
| Total Program Service Revenue | $0 |
| Investment income | $42,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $519,412 |
| Net Income from Fundraising Events | -$128,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,872,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $110,752 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,387,962 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $268,639 |
| Compensation of current officers, directors, key employees. | $96,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,622 |
| Payroll taxes | $38,961 |
| Fees for services: Management | $102,459 |
| Fees for services: Legal | $11,150 |
| Fees for services: Accounting | $54,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,252 |
| Fees for services: Other | $13,401 |
| Advertising and promotion | $55,598 |
| Office expenses | $33,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,632 |
| Travel | $28,584 |
| 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 | $39,814 |
| Insurance | $10,240 |
| All other expenses | $0 |
| Total functional expenses | $2,862,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,441 |
| Savings and temporary cash investments | $396,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,314 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,192 |
| Prepaid expenses and deferred charges | $76,523 |
| Net Land, buildings, and equipment | $976,361 |
| Investments—publicly traded securities | $2,914,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,708,344 |
| Accounts payable and accrued expenses | $85,018 |
| 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 | $85,018 |
| Net assets without donor restrictions | $4,623,326 |
| Net assets with donor restrictions | $0 |
| 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 | $4,708,344 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that A Chance In Life Inc has recieved totaling $279,281.
| Awarding Organization | Amount |
|---|---|
Estee Lauder Companies Charitable Foundation New York, NY PURPOSE: LEADERSHIP EDUCATION FOR STUDENTS AT THE VILLAGE ON STATEN ISLAND | $100,000 |
Ravi Chopra Foundation Inc Coconut Grove, FL PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $27,728 |
Taub Family Foundation Inc Port Washington, NY PURPOSE: GENERAL PURPOSE | $25,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $16,500 |
Sobecki Family Foundation Jackson, WY PURPOSE: PROVIDE SHELTER, EDUCATION, AND LEADERSHIP DEVELOPMENT FOR AT-RISK YOUTH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folium Inc Chambersburg, PA | $14,596,128 | $25,665,038 |
Childrens Home Society Of New Jersey Trenton, NJ | $28,155,049 | $20,262,736 |
Kidspeace National Centers Of New England Inc Schnecksville, PA | $8,095,792 | $17,415,455 |
Glade Run Lutheran Services Zelienople, PA | $21,485,786 | $18,765,476 |
Friendship House Scranton, PA | $19,332,908 | $21,173,767 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Kidspeace National Centers Of North America Inc Schnecksville, PA | $6,013,176 | $16,966,770 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Auberle Mckeesport, PA | $5,710,506 | $15,397,907 |