Nonprofit · EIN 45-0725864
GIVE CHANCES INC
Tax-exempt · PALISADES PK, NJ 07650
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $511,439 | $582,823 | -$71,384 | $489,068 | $6,311 | $482,757 |
| December 31, 2023 | 990 (amended) | $622,206 | $361,516 | $260,690 | $588,301 | $19,497 | $568,804 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $359,440
- of which government grants
- $29,021
- Program service revenue
- $104,457
- Investment income
- $47,542
- Net gain from sales of assets
- $37,798
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,500
- Other salaries and wages
- $160,289
- Salaries, compensation and benefits (total)
- $195,835
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $14,680
- Occupancy
- $23,370
- Travel
- $3,886
- Depreciation
- $47,362
- Program services (functional)
- $406,820
- Management and general (functional)
- $176,003
Balance sheet and other
- Total assets, start of year
- $588,301
- Total assets, end of year
- $489,068
- Total liabilities, end of year
- $6,311
- Net assets, end of year
- $482,757
- Land, buildings and equipment
- $35,306
- Publicly traded securities
- $319,356
- Net assets without donor restrictions
- $482,757
- Gross receipts
- $627,377
- Employees
- 7
- Volunteers
- 450
- Year formed
- 2011
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| YOUNG NA LEE | SECRETARY AND ED Trustee or director, Officer | 40 | $115,990 | $84 |
| JIMMY SONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONGJIN OH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HYUNGMIN LEE | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| SANGGIL LEE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOUNG NA LEE | SECRETARY & Trustee or director, Officer | 40 | $97,404 | $5,479 |
| HYUNGMIN LEE | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| SANGGIL LEE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JIMMY SONG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONGJIN OH | TRUSTEE AS O Trustee or director | 1 | $0 | $0 |
| BYUNGIL KANG | TRUSTEE UNTI Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101B BROAD AVE, PALISADES PK, NJ 07650-1438
- In care of
- % SUNG BONG KIM
- Principal officer (990 for 2024)
- HYUNGMIN LEE, 235 PEGASUS AVE, NORTHVALE, NJ 07647
- Signed the 990
- HYUNGMIN LEE, PRESIDENT
- Phone
- (201) 266-0640
- Website
- WWW.GIVECHANCES.ORG
- Return prepared by
- JAE Y OH CPA
Mission
TO ENCOURAGE EDUCATION AND EDUCATIONAL EXCELLENCE THROUGH ACADEMIC PROGRAMS, GRANTS, SCHOLARSHIP, AND FINANCIAL ASSISTANCE TO THE STUDENTS AND PEOPLE UNDERPRIVILEGED IN THE UNITED STATES AND DEVELOPING COUNTRIES WHO DO NOT HAVE LEARNING OPPORTUNITIES DUE TO FINANCIAL HARDSHIP.
Program accomplishments
- THE PROGRAM PROVIDES HOMEWORK ASSISTANCE, MATHEMATICS AND ENGLISH ENRICHMENT CLASSES, EXTRACURRICULAR ACTIVITIES, AND MORE. THE PROGRAM HOSTS CLASSES BOTH IN-PERSON AND ONLINE TO MEET STUDENTS WHERE THEY ARE.AFTER-SCHOOL PROGRAM: AFTER-SCHOOL PROGRAM AIMS TO PROVIDE QUALITY OUT-OF-SCHOOL EDUCATIONAL EXPERIENCES FOR ALL STUDENTS, PARTICULARLY THOSE FROM LOW-INCOME BACKGROUNDS.Expenses $240,066 · revenue $35,542
- YOUTH DEVELOPMENT PROGRAM: CHANCE MAKERS IS A YOUTH VOLUNTEER COUNCIL FOR HIGH SCHOOL STUDENTS THAT FOCUSES ON LEADERSHIP TRAINING AND ADVOCACY INITIATIVES. WITH A FOCUS ON THE TOPIC OF EDUCATIONAL EQUALITY, MEMBERS ARE GIVEN OPPORTUNITIES TO ENHANCE THEIR LEADERSHIP ABILITIES, DEVELOP RESEARCH SKILLS, AND VOLUNTEER FOR A MEANINGFUL CAUSE.Expenses $86,153 · revenue $14,864
- DDARTISTS PROGRAM: THE DDARTISTS DISABILITY SUPPORT PROGRAM IS A PROGRAM FOR YOUNG ARTISTS WITH DEVELOPMENTAL DISABILITIES. IT FOSTERS A COMPASSIONATE ENVIRONMENT, EMPOWERING PARTICIPANTS TO EXPLORE THEIR ARTISTIC TALENTS WHILE DEVELOPING VITAL LIFE SKILLS. THE PROGRAMS WEEKLY SESSIONS ARE STRUCTURED INTO TALENT DEVELOPMENT AND JOB TRAINING COMPONENTS FOR A HOLISTIC APPROACH TO SKILL ENHANCEMENT AND OVERALL GROWTH. THE PROGRAM OFFERS ART TRAINING DESIGNED FOR PROFESSIONAL SUCCESS AS ARTISTS OR DESIGNERS.Expenses $78,963 · revenue $6,728
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0725864
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $489,068
- Income (IRS master file)
- $627,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $511,439 | $582,823 | $489,068 | XML |
| 990 | December 2023 | $622,206 | $361,516 | $588,301 | XML |
| 990 | December 2022 | $320,074 | $392,478 | $310,849 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0725864).
Questions about GIVE CHANCES INC
- What is the EIN of GIVE CHANCES INC?
- The employer identification number (EIN) of GIVE CHANCES INC is 45-0725864.
- Is GIVE CHANCES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to GIVE CHANCES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIVE CHANCES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GIVE CHANCES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIVE CHANCES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GIVE CHANCES INC?
- The 990 for the year ended December 31, 2024 names HYUNGMIN LEE.
- Who are the officers and directors of GIVE CHANCES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $115,990 (YOUNG NA LEE, SECRETARY AND ED).
- How much revenue does GIVE CHANCES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $511,439, expenses of $582,823 and total assets of $489,068 at year end.
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