Guilford A Better Chance Inc
- Assets
- $1.2m
- Revenue
- $433.2k
- Investments
- $827.7k
- Employees
- 11
- Location
- Guilford, CT
- Founding
- 12/1974
- Data as of
- 06/2020
- EIN
- 23-7417687
Organization Overview
Guilford A Better Chance Inc is located in Guilford, CT. The organization was established in 1974. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 06/2021, Guilford A Better Chance Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guilford A Better Chance 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 06/2020, Guilford A Better Chance Inc generated $433.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $366.0k during the year ending 06/2020. While expenses have increased by 6.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GUILFORD ABC IS A LIFE-CHANGING PROGRAM THAT OFFERS ACADEMICALLY GIFTED GIRLS OF COLOR THE OPPORTUNITY TO ATTEND GUILFORD HIGH SCHOOL, LIVE IN A CARING COMMUNITY SURROUNDED BY A STRONG PROFESSIONAL SUPPORT TEAM, AND REALIZE THEIR INDIVIDUAL POTENTIAL. THESE YOUNG WOMEN, CHOSEN FROM MANY APPLICANTS TO THE NATIONAL ABC PROGRAM, COME FROM UNDER-REPRESENTED COMMUNITIES WHERE THEY LACK ACCESS TO QUALITY EDUCATIONAL EXPERIENCES. OUR PROGRAM'S PRIMARY MISSION IS TO PROVIDE THESE SCHOLARS WITH A BETTER CHANCE TO EXCEL IN HIGH SCHOOL, ATTEND A QUALITY COLLEGE OR UNIVERSITY, AND LEAD A FULFILLING PERSONAL AND PROFESSIONAL LIFE.GUILFORD ABC, WHICH OPENED ITS DOORS IN 1974, WAS ONE OF THE VERY FIRST COMMUNITY-BASED ABC PROGRAMS IN THE NATION. SINCE ITS INCEPTION, GUILFORD ABC HAS SENT MORE THAN 55 YOUNG WOMEN ON TO COLLEGES AND UNIVERSITIES IN THE COUNTRY, MANY OF THEM ON FULL ACADEMIC SCHOLARSHIPS. GIVEN THEIR ACHIEVEMENTS, MANY OF THESE GUILFORD ABC GRADUATES HAVE BECOME REAL-LIFE ROLE MODELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A HOME WITH A SUPPORTIVE, FAMILY LIKE ATMOSPHERE FOR OUR SCHOLARS TO SHARE WHILE ATTENDING GUILFORD HIGH SCHOOL.- INCLUDING HOUSING, FOOD, SUPERVISION, ACTIVITIES AND ACADEMIC COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Wright Vice President | Officer | 2 | $0 |
Nancy Abramson Secretary | Officer | 4 | $0 |
Marie Berry President | Officer | 20 | $0 |
Susan Renner Treasurer | Officer | 2 | $0 |
Laura Berkowitz Board Member | Trustee | 0 | $0 |
Charlene Blake Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,495 |
| Investment income | $30,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,021 |
| Net Income from Fundraising Events | $18,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,191 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $104,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,990 |
| Advertising and promotion | $10,291 |
| Office expenses | $8,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,015 |
| Travel | $1,285 |
| 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 | $14,260 |
| Insurance | $15,530 |
| All other expenses | $0 |
| Total functional expenses | $366,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,730 |
| 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 | $3,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $827,699 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,088 |
| Total assets | $1,168,167 |
| Accounts payable and accrued expenses | $2,338 |
| 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 | $31,560 |
| Total liabilities | $33,898 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,134,269 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Guilford A Better Chance Inc has recieved totaling $4,164.
| Awarding Organization | Amount |
|---|---|
Netter Foundation Inc Croton On Hudson, NY PURPOSE: CHARITY | $3,000 |
Joe And Cindy Goldberg Family Foundation Inc Guilford, CT PURPOSE: PROVIDE OPPORTUNITY TO WOMEN OF COLOR TO ATTEND GUILFORD HIGH SCHOOL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Cure Thrift Inc New York, NY | $155,357 | $464,737 |