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Give Chances Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450725864 ✦ Northvale, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Give Chances Inc?

Give Chances Inc, located in Northvale, New Jersey, is a nonprofit organization with a mission to empower students and underprivileged individuals, both in the United States and developing countries, by offering educational and financial support. This is achieved through academic programs, scholarships, grants, and financial assistance. The organization aims to provide various opportunities for personal development, encompassing academic, artistic, musical, and spiritual growth. By doing so, Give Chances Inc hopes to instill in its recipients the ability to pay it forward and offer the same chances and hopes to future underprivileged children. The organization has a workforce of 6 dedicated individuals.


Official website here: www.givechances.org

Is Give Chances Inc legitimate?

Give Chances Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Give Chances 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $259,786

For more financial information, click here


Official website here: www.givechances.org

What is the mission statement of Give Chances Inc?

Give Chances Inc is committed to encouraging education and educational excellence by providing academic programs, grants, scholarships, and financial assistance to underprivileged students in both the United States and developing countries. These students often lack learning opportunities due to financial hardships. The organization aims to equip these students with various opportunities for academic, musical, artistic, and spiritual development. The ultimate goal is for these students to give back to their communities by providing the same chances and hopes to underprivileged children in the future.


Official website here: www.givechances.org

Who is the CEO of Give Chances Inc?

Hyungmin Lee is the President of Give Chances Inc.


Official website here: www.givechances.org

What is the revenue of Give Chances Inc?

Give Chances Inc's revenue in 2022 was $320,074.


Official website here: www.givechances.org

Who are the executives of Give Chances Inc and what are their salaries?

The average compensation at Give Chances Inc during 2022 was $43,298. There are 6 employees and 300 volunteers at Give Chances Inc.


Here are 4 key members and their salaries:


Hyungmin Lee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Kang (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanggil Lee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Song (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.givechances.org

Where can I find the form 990 for Give Chances Inc?

Give Chances Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.givechances.org

Learn more at the official website: www.givechances.org

Mission Statement of Give Chances Inc

Give Chances Inc, a nonprofit organization, is committed to inspiring education and educational excellence among underprivileged students in the United States and developing countries. The organization achieves this mission through various academic programs, grants, scholarships, and financial aid. By providing these resources, Give Chances Inc aims to overcome financial barriers that hinder learning opportunities for many individuals.

Beyond just offering financial assistance, Give Chances Inc also provides students with numerous chances to develop academically, musically, artistically, and spiritually. The ultimate goal is to equip these students with the skills and knowledge needed to give back to their communities, either directly or indirectly, by providing similar opportunities and hopes to underprivileged children in the future. This holistic approach to education and development is central to Give Chances Inc's mission.

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Impact




October, 2024

Give Chances Inc creates a significant impact by fostering educational opportunities for underprivileged students in the United States and developing countries. Through academic programs, grants, scholarships, and financial assistance, the organization directly addresses the barriers that financial hardship imposes on learning.

By providing essential resources, Give Chances Inc enables students to pursue their academic, musical, artistic, and spiritual development. This holistic approach not only equips individuals with knowledge and skills but also instills a sense of responsibility to give back to their communities. In doing so, the organization cultivates a cycle of support, where empowered individuals can uplift others in similar circumstances, ultimately contributing to a more equitable society.

Through its initiatives, Give Chances Inc inspires hope and fosters resilience, ensuring that the pursuit of excellence in education remains accessible to all, regardless of their financial situation.




This information is meant to be a general summary of Give Chances 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.

Revenue
$320,074 (2022)
Expenses
$392,478 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$35,207
  • Gross Receipts: $320,074

Assets and Liabilities:

  • Total Assets: $310,849
  • Total Liabilities: $38,906
  • Net Assets: $271,943

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Organization Details

Founding Year

2011

Principal Officer

Hyungmin Lee

Main Address

235 PEGASUS AVE, NORTHVALE, NJ, 07647

NTEE Category

Code: Q30 - International

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