Chance Foundation
- Assets
- $677.2k
- Revenue
- $222.5k
- Investments
- $595.1k
- Employees
- 0
- Location
- Centralia, MO
- Founding
- 04/1949
- Data as of
- 12/2022
- EIN
- 43-6028959
Organization Overview
Chance Foundation is located in Centralia, MO. The organization was established in 1949. 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. 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 12/2022, Chance Foundation generated $222.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $134.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE CHANCE FOUNDATION OWNS AND MAINTAINS THE A. BISHOP CHANCE HOME AND GROUNDS. THE HOUSE SERVES AS THE BUILDING HOUSING THE CENTRALIA HISTORICAL SOCIETY MUSEUM. THE CENTRALIA HISTORICAL SOCIETY, INC. IS A 503(C)(3) CORPORATION. THE HOME IS A 1904 QUEEN ANNE VICTORIAN STYLE HOUSE LISTED ON THE NATIONAL HISTORIC REGISTRY. THE GROUNDS INCLUDE THE CHANCE GARDEN, LISTED ON THE NATIONAL HISTORIC REGISTRY, WHICH IS BOONE COUNTY'S OLDEST GARDEN OPEN TO THE PUBLIC. ADJACENT TO THE MUSEUM AND CHANCE GARDENS IS A VICTORIAN ROSE GARDEN WITH 400+ DIFFERENT VARIETIES OF HYBRID TEA FLORIBUNDA ROSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Chance Chairman | 10 | $0 | |
William H Miller Treasurer | 20 | $8,000 | |
Gilmore Stone Trustee | 1 | $0 | |
Garrison L Chance Trustee | 1 | $0 | |
Anthony H Chance Trustee | 1 | $0 | |
A Buford Chance Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,943 |
| Capital Gain Net Income | $28,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,400 |
| Other employee salaries and wages | $24,842 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,278 |
| Depreciation | $0 |
| Occupancy | $9,280 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,580 |
| Total operating and administrative expenses | $134,505 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,615 |
| Savings and temporary cash investments | $74,478 |
| 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 | $595,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $677,233 |
| Accounts payable and accrued expenses | $3,658 |
| 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 | $0 |
| Total liabilities | $3,658 |