Chance To Soar
- Assets
- $6.4k
- Revenue
- $26.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Argyle, TX
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 82-5365689
Organization Overview
Chance To Soar is located in Argyle, TX. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Chance To Soar employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chance To Soar 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 12/2023, Chance To Soar generated $26.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $179.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO INSPIRE AND EQUIP SCHOOLS TO CREATE A CULTURE OF EDUCATION THAT PRODUCES INQUISITIVE STUDENTS WHO SEEK TO EMBRACE POSSIBILITY WITHOUT BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED 800 CHANCES TO EDUCATORS. THESE OPPORTUNITIES PROVIDE THEM WITH UNIQUE LEARNING OPPORTUNITIES THAT INSPIRE CURIOSITY AND WONDER TO HELP THEM VISUALIZE A FUTURE OF UNLIMITED POSSIBILITIES. AREAS OF INTEREST INCLUDED THE ARTS, SCIENCE, LANGUAGE ARTS, READING, ATHLETICS, TEACHER RECOGNITION, COLLEGE READINESS, COMMUNITY SERVICE, SPECIAL EDUCATION, SCHOOL SPIRIT, AND RELIGION.
THE ORGANIZATION PROVIDED 6 PROFESSIONAL DEVELOPMENT PROGRAMS FOR EDUCATORS HAVING AN IMMEDIATE IMPACT ON SCHOOLS AND EDUCATORS. THE LEARNING OPPORTUNITY AND WRITTEN CONTENT FOR EDUCATORS CENTERS AROUND FOSTERING SUPPORTIVE CLASSROOM COMMUNITIES BUILT ON MUTUAL RESPECT, COLLABORATION, REMINDING TEACHERS WHY THEY BECAME EDUCATORS IN THE FIRST PLACE AND REMINDING THEM OF THE CRITICAL ROLE THEY PLAY IN THE LIVES OF STUDENTS. FOCUS IS GIVEN TO THE POWER OF RELATIONSHIP BUILDING AND THE UNIQUE ABILITY OF AN EDUCATOR TO CREATE HOPE IN THE LIVES OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Eldridge Chairman | Trustee | 0.5 | $0 |
Andra Barton Vice President | Officer | 20 | $53,550 |
Aletha Scheck Secretary/treasurer | Officer | 20 | $53,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155 |
| Total Program Service Revenue | $25,925 |
| Investment income | $344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,424 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $107,100 |
| Other salaries and wages | $6,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,800 |
| Office expenses | $646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,070 |
| Insurance | $0 |
| All other expenses | $180 |
| Total functional expenses | $179,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,431 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,378 |
| Total liabilities | $1,378 |
| Net assets without donor restrictions | $5,053 |
| Net assets with donor restrictions | $0 |
| 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 | $6,431 |