A Chance Fund Inc
- Assets
- $3.5m
- Revenue
- $198.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-2020998
Organization Overview
A Chance Fund Inc is located in Silver Spring, MD. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Chance Fund 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 12/2022, A Chance Fund Inc generated $198.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $171.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, A Chance Fund Inc has awarded 74 individual grants totaling $938,378. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Schwarz President And Treasurer | 1 | $0 | |
Victoria Foster Secretary | 1 | $0 | |
Noah Foster Director | 1 | $0 | |
Jonah Miller Director | 1 | $0 | |
Rebecca Miller Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,303 |
| Dividends & Interest | $33,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,980 |
| Capital Gain Net Income | $451,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $134,114 |
| Total Revenue | $198,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,835 |
| Taxes | $2,430 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $21,433 |
| Contributions, gifts, grants paid | $150,500 |
| Total expenses and disbursements | $171,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,497 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,437,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $225 |
| Total assets | $3,511,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,946 |
| Total liabilities | $7,946 |
Grants Awarded
Over the last fiscal year, A Chance Fund Inc has awarded $150,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANNE SAXELBY LEGACY FUND PURPOSE: TO PROVIDE EDUCATIONAL SUPPORT | $13,000 |
BREAKTHROUGH NEW YORK INC PURPOSE: TO PROVIDE EDUCATIONAL SUPPORT | $20,000 |
CENTERLINE LIBERTIES PURPOSE: TO PROMOTE AND EDUCATE ON PEACE AND SOCIAL JUSTICE | $10,000 |
EMMA'S TORCH LTD PURPOSE: TO PROVIDE EDUCATIONAL SUPPORT | $10,000 |
ESSEX STREET ACADEMY PARENTS ASSOCIATION PURPOSE: TO SUPPORT TRAVEL ABROAD PROGRAM | $17,500 |
EVERYTOWN FOR GUN SAFETY ACTION FUND INC PURPOSE: TO PROMOTE AND EDUCATE ON GUN SAFETY | $10,000 |