Rochester Better Chance Foundation
- Assets
- $245.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- Data as of
- 05/2018
- EIN
- 41-1237746
Organization Overview
Rochester Better Chance Foundation is located in Rochester, MN. Rochester Better 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 05/2018, Rochester Better Chance Foundation generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (66.9%) each year. All expenses for the organization totaled $31.8k during the year ending 05/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
PROVIDED FOR BRIGHT, TALENTED AND ASPIRING MINORITY CANDIDATES WITH A MENTORING AND NURTURING HOME ENVIRONMENT, OPTIMIZING THEIR OPPORTUNITIES TO EXCEL IN SCHOOL AND COMMUNITY SETTINGS. HELPED PREPARE THEM FOR AN EXCELLENT COLLEGE EDUCATION AND FUTURE LEADERSHIP OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Dunn Director | 1 | $0 | |
John Carlson Treasurer | 1 | $0 | |
Mike Debolt President | 1 | $0 | |
Jarryd Guevara Director | 1 | $0 | |
Eric Woodford Secretary | 1 | $0 | |
Valerie Wassmer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $213 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20 |
| Total Revenue | $8,433 |
| 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 | $1,200 |
| Occupancy, rent, utilities, and maintenance | $16,686 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,864 |
| Total expenses | $31,750 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $245,721 |
| Other assets | $0 |
| Total assets | $245,721 |
| Total liabilities | $1,499 |
| Net assets or fund balances | $244,222 |