First Chance Foundation
- Assets
- $145.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Palos Verdes, CA
- Founding
- 02/1988
- Data as of
- 06/2022
- EIN
- 33-0266969
Organization Overview
First Chance Foundation is located in Rancho Palos Verdes, CA. The organization was established in 1988. 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. First Chance Foundation 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 06/2022, First Chance Foundation generated $96.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $101.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
39 SCHOLARSHIPS WERE GIVEN TO DISADVANTAGED STUDENTS FROM13 DIFFERENT HIGH SCHOOL TO ATTEND 18 DIFFERENT COLLEGES OR UNIVERSITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lafranchi President | 10 | $0 | |
James Hawley Vice President | 8 | $0 | |
Gary Greene Secretary/treasurer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,359 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,413 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $101,508 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,921 |
| Other assets | $0 |
| Total assets | $145,921 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,921 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |