Chance Foundation Inc
- Assets
- $111.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-3251203
Organization Overview
Chance Foundation Inc is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chance Foundation 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, Chance Foundation Inc generated $40.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $43.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shambhu Nath President | 5.5 | $0 | |
Utpal Vaidya Vice President | 5 | $0 | |
Paras Bhende Finance Officer | 5 | $0 | |
Murthy Suppysamy Co-Finance Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,430 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,176 |
| Other Revenue | $0 |
| Total Revenue | $40,606 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $437 |
| Other expenses | $1,669 |
| Total expenses | $43,626 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,709 |
| Other assets | $0 |
| Total assets | $111,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,709 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chance Foundation Inc has recieved totaling $31,616.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |