Overview
What is A Better Chance Inc?
A Better Chance Inc, established in 1963, is a prominent national educational equity organization based in New York City, specifically at 253 W 35TH STREET 15TH FLOOR, NY 10001. Their mission is to support academically talented youth of color, providing them with opportunities to excel and become leaders in various fields. With over 2,000 participants and 18,000 accomplished alumni, the organization has proven successful in its mission. In 2022, A Better Chance Inc facilitated 370 placements from a pool of 700 applicants, and nearly all of its graduating high school scholars enrolled in college. The organization hosted virtual and in-person school fairs, workshops, and interview days, as well as the Summer Leadership Academy, to guide students through the application, acceptance, and placement process. With a dedicated workforce of 38 employees, A Better Chance Inc continues to empower young individuals, fostering an inclusive society.
Official website here: www.abetterchance.org
What are the reviews and ratings of this charity?
97% - Four-Star out of Four Star rating from Charity Navigator.
A Better Chance Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, leadership, and community engagement. With an impressive accountability and finance score of 98, the organization demonstrates responsible financial management practices, including a majority independent board and robust audit oversight. However, the program expense ratio indicates that a significant portion of funds is allocated toward program activities, which may require further scrutiny.
Despite these strengths, user reviews reveal significant concerns about the organization's leadership and operational effectiveness. Several donors have expressed dissatisfaction with the current executive director's performance, citing stagnant growth, ineffective fundraising efforts, and low donor engagement. This has led to allegations of a substantial financial deficit and concerns about the overall direction of the organization.
While A Better Chance Inc. has a clear mission that resonates with many supporters, the ongoing leadership issues and management inefficiencies highlighted in user feedback could hinder its potential to fulfill its goals effectively. Addressing these leadership challenges may be crucial for the organization to regain confidence from its donor base and enhance its impact in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about A Better Chance Inc?
96% of 50 reviewers on Facebook recommend A Better Chance Inc. Here is a summary of their reviews:
Many individuals expressed gratitude towards the organization, particularly highlighting the positive impact of the program in creating opportunities for those in need. One review particularly noted the assistance provided by a staff member, which contributed to a strong overall impression of the nonprofit's services.
Overall, the sentiment reflects a strong appreciation for the resources and support offered, indicating that A Better Chance Inc. successfully fulfills its mission to empower individuals and open doors for many.
This AI summary has been generated from reviews found on Facebook.
Is A Better Chance Inc legitimate?
A Better Chance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Better Chance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $584,409
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,940,612
For more financial information, click here
Official website here: www.abetterchance.org
What is the mission statement of A Better Chance Inc?
A Better Chance Inc, an educational equity organization, aims to increase the number of well-educated young individuals of color capable of assuming leadership roles in American society. Since its establishment in 1963, it has achieved this mission by nationally recruiting, placing, and providing support to a community of over 2,000 academically talented youth of color through its College Preparatory Schools Program. The organization's efforts have yielded significant results, with over 18,000 alumni becoming innovators, thinkers, and leaders in various fields. In 2022, A Better Chance successfully placed 370 students from a pool of 700, and nearly 100% of graduating high school scholars enrolled in college. The organization hosts virtual and in-person school fairs, workshops, interview days, and its signature Summer Leadership Academy to help families navigate the application, acceptance, and placement process. Out of the 700 students accepted into the program, 70% participated in the Summer Leadership Academy workshop.
Official website here: www.abetterchance.org
Who is the CEO of A Better Chance Inc?
Francisco Tezen is the Vice Chair of A Better Chance Inc. The CEO's salary of A Better Chance Inc is $309,561 and their total compensation is $395,162.
Official website here: www.abetterchance.org
What is the revenue of A Better Chance Inc?
A Better Chance Inc's revenue in 2022 was $5,417,712.
Official website here: www.abetterchance.org
Who are the executives of A Better Chance Inc and what are their salaries?
The average compensation at A Better Chance Inc during 2022 was $66,448. There are 38 employees and 21 volunteers at A Better Chance Inc.
Here are 25 key members and their salaries (A Better Chance Inc's CEO's salary is $309,561 and their total compensation is $395,162):
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- Compensation: $309,561
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- Other: $11,248
Official website here: www.abetterchance.org
Where can I find the form 990 for A Better Chance Inc?
A Better Chance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abetterchance.org
Learn more at the official website: www.abetterchance.org
Mission Statement of A Better Chance Inc
A Better Chance Inc, a national educational equity organization, has a mission to increase the number of well-educated young people of color capable of assuming leadership and responsibility roles in American society. Established in 1963, this organization has accomplished its goal by recruiting, placing, and providing support to a community of over 2,000 academically talented youth of color through its College Preparatory Schools program. The success of A Better Chance Inc is evident in its alumni, who have become innovative thinkers, leaders, and influencers in various fields. In 2022, the organization placed 370 students from a pool of 700, with nearly 100% of graduating high school scholars enrolling in college.
To achieve its mission, A Better Chance Inc hosts school fairs, workshops, interview days, and its signature Summer Leadership Academy (SLA) to help families navigate the application, acceptance, and placement process. The organization's efforts have been well-received, with 98% of its school partners participating in the school fairs and over 70% of the 700 students accepted into the program participating in an SLA workshop. Through these initiatives, A Better Chance Inc empowers young people of color to pursue higher education and develop the skills necessary to become leaders in their respective fields.
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Impact
October, 2024
A Better Chance Inc. plays a transformative role in empowering young people of color through educational equity. Since its inception in 1963, the organization has focused on recruiting and placing academically talented youth into prestigious college preparatory schools across the nation. This initiative not only enhances their academic experience but also positions them to become the leaders of tomorrow.
With a network of over 2,000 scholars, A Better Chance has successfully supported these youth in navigating educational pathways that lead to collegiate success. The impact is evident in the accomplishments of more than 18,000 alumni who have emerged as innovators and leaders in various fields. In 2022 alone, the organization facilitated 370 placements from a competitive pool of 700 applicants, boasting almost complete college enrollment among graduating high school scholars.
The organization actively engages with families through virtual and in-person school fairs, workshops, and interview days to demystify the application process. The Summer Leadership Academy further equips students with the skills needed to excel in these environments. With 70% of the accepted students participating in this workshop, A Better Chance is effectively increasing the number of well-educated young leaders of color who are prepared to make significant contributions to American society.
This information is meant to be a general summary of A Better Chance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $500,124
- Program Service Revenue: $245,445
- Gross Receipts: $7,495,560
Assets and Liabilities:
- Total Assets: $17,353,052
- Total Liabilities: $5,587,028
- Net Assets: $11,766,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL MEMBERSHIP DUES
Revenue
$233,900
REGISTRATION FEES
Revenue
$11,545
Organization Details
Founding Year
1971
Phone
(646) 346-1310Principal Officer
Francisco Tezen
Main Address
253 W 35TH STREET 15TH FLOOR, NEW YORK, NY, 10001
Website
www.abetterchance.orgNTEE Category
Code: B90 - Education
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