Fair Chance
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 74-3091832
Organization Overview
Fair Chance is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Fair Chance employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Chance 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 12/2021, Fair Chance generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAIR CHANCE STRENGTHENS THE SUSTAINABILITY AND PERFORMANCE OF COMMUNITY BASED NONPROFITS TO ACHIEVE LIFE-CHANGING RESULTS FOR CHILDREN, YOUTH, AND FAMILIES EXPERIENCING POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CAPACITY BUILDING SERVICES TO STRENGTHEN YOUTH-SERVING, COMMUNITY-BASED NONPROFITS SO THAT THEY CAN ACHIEVE LIFE-CHANGING RESULTS FOR CHILDREN AND FAMILIES FOR CHILDREN AND FAMILIES EXPERIENCING POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Van Der Veer Chief Executive Officer | Officer | 40 | $148,000 |
Jason Mccray Chief Operating Officer | 40 | $116,840 | |
Ann Birnbaum Miles Chief Program Officer | 40 | $111,760 | |
Neel Saxena Chief Advancement Officer | 40 | $101,600 | |
Marcus Coleman Secretary | OfficerTrustee | 2 | $0 |
Jane Korhonen Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,388 |
| Related organizations | $0 |
| Government grants | $259,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,723 |
| Total Program Service Revenue | $565,175 |
| Investment income | $788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $144,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,922,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $148,000 |
| Compensation of current officers, directors, key employees. | $33,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,096,848 |
| Pension plan accruals and contributions | $26,838 |
| Other employee benefits | $188,587 |
| Payroll taxes | $102,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543,453 |
| Advertising and promotion | $1,568 |
| Office expenses | $82,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,748 |
| Travel | $6,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,293 |
| All other expenses | $0 |
| Total functional expenses | $2,312,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,923 |
| Savings and temporary cash investments | $556,143 |
| Pledges and grants receivable | $341,843 |
| 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 | $19,102 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $1,542,511 |
| Accounts payable and accrued expenses | $111,478 |
| Grants payable | $0 |
| Deferred revenue | $63,673 |
| 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 | $0 |
| Total liabilities | $175,151 |
| Net assets without donor restrictions | $612,150 |
| Net assets with donor restrictions | $755,210 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,542,511 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Fair Chance has recieved totaling $772,326.
| Awarding Organization | Amount |
|---|---|
Venture Philanthropy Partners Inc Washington, DC PURPOSE: FUND INITIATIVES | $485,728 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $60,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,598 |
American Endowment Foundation Hudson, OH PURPOSE: COMMUNITY DEVELOPMENT | $51,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $50,000 |
The Morningstar Philanthropic Foundation Bethesda, MD PURPOSE: GENERAL CHARITABLE PURPOSES | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Corus International Inc Baltimore, MD | $10,612,047 | $34,455 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |
Cornerstones Inc Reston, VA | $6,868,044 | $15,431,284 |
Planning Council Norfolk, VA | $2,554,279 | $14,330,288 |
International Association Of Better Business Bureaus Inc Arlington, VA | $17,726,579 | $13,292,143 |
Marine Corps Heritage Foundation Triangle, VA | $123,200,023 | $11,840,546 |
Washington County Community Action Council Inc Hagerstown, MD | $6,621,618 | $12,215,163 |
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |