A Better Chance Of Westport Inc
- Assets
- $1.9m
- Revenue
- $210.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Westport, CT
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 06-1603592
Organization Overview
A Better Chance Of Westport Inc is located in Westport, CT. The organization was established in 2001. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, A Better Chance Of Westport Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better Chance Of Westport 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 06/2022, A Better Chance Of Westport Inc generated $210.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $281.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS A BOARDING HOUSE IN WESTPORT, CONNECTICUT WHERE ACADEMICALLY TALENTED MINORITY STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES HAVE THE OPPORTUNITY TO ATTEND THE WESTPORT HIGH SCHOOL AND EVENTUALLY HAVE THE OPPORTUNITY TO GAIN ADMISSION TO HIGHLY COMPETITIVE COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR MINORITY HIGH SCHOOL STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES TO ATTEND HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Seidman President | Trustee | 2 | $0 |
Yvette Henry Resident Director | Trustee | 2 | $0 |
Carolyn Caney VP Admin/ Recording Secret | Trustee | 2 | $0 |
Lynroy Henry Resident Director | Trustee | 2 | $0 |
Amanda Parker Co-Treasurer | Trustee | 2 | $0 |
Nat Smitobol Academic Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,977 |
| Total Program Service Revenue | $0 |
| Investment income | $9,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,097 |
| 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 | $0 |
| Other salaries and wages | $70,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,163 |
| Office expenses | $5,942 |
| 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 | $29,591 |
| Insurance | $19,110 |
| All other expenses | $50,811 |
| Total functional expenses | $281,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,174 |
| Savings and temporary cash investments | $247,040 |
| 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 | $4,220 |
| Net Land, buildings, and equipment | $989,645 |
| Investments—publicly traded securities | $538,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,949,937 |
| Accounts payable and accrued expenses | $1,344 |
| 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 | $6,401 |
| Total liabilities | $7,745 |
| Net assets without donor restrictions | $1,872,749 |
| Net assets with donor restrictions | $69,443 |
| 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 | $1,949,937 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that A Better Chance Of Westport Inc has recieved totaling $23,650.
| Awarding Organization | Amount |
|---|---|
The Stanley E Maas Foundation Westport, CT PURPOSE: GENERAL SUPPORT | $10,000 |
Young Mens Christian Assn Westport Westport, CT PURPOSE: The Bedford Family Social Responsibility Fund supports organizations that provide direct or supplemental educational opportunities. | $10,000 |
Newmans Own Foundation Westport, CT PURPOSE: GENERAL OPERATIONS | $2,500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $400 |
Stewart & Constance Greenfield Foundation Westport, CT PURPOSE: SUPPORT | $250 |
Gendell Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |