Overview
What is Chance For Change Inc?
Chance For Change Inc, based in Bloomfield, New Jersey, is a nonprofit organization dedicated to making a difference in the lives of young women in Burkina Faso, a country known for its poverty and low adult female literacy rates. The organization's mission is to provide financial aid for their higher education, specifically covering tuition, books, and essential supplies. By doing so, Chance For Change Inc aims to empower these women, contributing to a more literate and self-sufficient society in Burkina Faso.
Official website here: www.chanceforchangecharity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Chance For Change Inc has earned an overall rating of 83%, reflecting a strong commitment to accountability and finance. The organization has achieved a perfect score for its independent board member composition, indicating robust governance practices. Additionally, the charity demonstrates excellent program expense management, with a program expense ratio of 96.42%, signifying that a significant portion of its funds is directed toward its mission.
However, there are some areas of concern regarding accountability practices. While the organization has established policies for conflict of interest and maintains thorough documentation of board meeting minutes, it lacks a whistleblower policy and a document retention and destruction policy. These omissions may affect transparency and could be seen as limitations in its governance framework.
Overall, Chance For Change Inc shows promise with its high program efficiency and solid governance; however, addressing the noted weaknesses in its policies could further enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Chance For Change Inc legitimate?
Chance For Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chance For Change 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: $0
For more financial information, click here
Official website here: www.chanceforchangecharity.org
What is the mission statement of Chance For Change Inc?
Chance for Change Inc's mission is centered around providing financial assistance for higher education expenses such as tuition, books, and supplies for young women in Burkina Faso. This West African country is not only economically impoverished but also lags behind in adult female literacy rates, making education opportunities particularly challenging for women. By offering this financial aid, Chance for Change Inc aims to support these women in pursuing higher education, thereby empowering them and contributing to the improvement of literacy rates in the country.
Official website here: www.chanceforchangecharity.org
Who is the CEO of Chance For Change Inc?
Jan Eckhard is the Presi Emeritus of Chance For Change Inc.
Official website here: www.chanceforchangecharity.org
What is the revenue of Chance For Change Inc?
Chance For Change Inc's revenue in 2022 was $34,434.
Official website here: www.chanceforchangecharity.org
Who are the executives of Chance For Change Inc and what are their salaries?
There 6 volunteers at Chance For Change Inc.
Here are 6 key members and their salaries:
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Official website here: www.chanceforchangecharity.org
Where can I find the form 990 for Chance For Change Inc?
Chance For Change Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chanceforchangecharity.org
Learn more at the official website: www.chanceforchangecharity.org
Mission Statement of Chance For Change Inc
Chance for Change Inc, a nonprofit organization, is committed to providing financial aid for the higher education of young women in Burkina Faso. This West African country is not only among the poorest nations globally but also has the lowest rate of adult female literacy. Recognizing this challenge, Chance for Change Inc steps in to offer financial assistance for tuition, books, and necessary supplies. By doing so, the nonprofit aims to empower these young women, enabling them to pursue higher education and improve their futures. This initiative not only contributes to their personal development but also helps in uplifting their communities and potentially enhancing the overall socio-economic landscape of Burkina Faso.
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Impact
August, 2024
Chance For Change Inc's impact is significant in providing financial aid for tuition, books, and supplies for the higher education of young women in Burkina Faso. This support is crucial in a country that is not only one of the poorest in the world but also ranks last in adult female literacy. By focusing on education, Chance For Change Inc is empowering young women in Burkina Faso to break the cycle of poverty and illiteracy, ultimately contributing to their personal growth and the development of their communities.
This information is meant to be a general summary of Chance For Change 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: -$3,708
- Gross Receipts: $49,573
Assets and Liabilities:
- Total Assets: $45,265
- Total Liabilities: $0
- Net Assets: $45,265
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Organization Details
Founding Year
2011
Phone
(973) 338-1413Principal Officer
Jan Eckhard
Main Address
5 Arcadia Court, Bloomfield, NJ, 07003
NTEE Category
Code: B82 - Education
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