Chance Foundation Inc
- Assets
- $181.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2015
- Data as of
- 12/2023
- 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 12/2023, Chance Foundation Inc generated $134.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $64.8k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shambhu Nath President | 5.5 | $0 | |
Anup Aggarwal Finance Officer | 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 | $123,544 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,235 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,731 |
| Other Revenue | $0 |
| Total Revenue | $134,510 |
| 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 | $900 |
| Occupancy, rent, utilities, and maintenance | $668 |
| Printing, publications, postage, and shipping | $373 |
| Other expenses | $2,513 |
| Total expenses | $64,804 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $181,415 |
| Other assets | $0 |
| Total assets | $181,415 |
| Total liabilities | $0 |
| Net assets or fund balances | $181,415 |