First Chance Foundation FY2022 filing

Bulverde, TX · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$257K
×11194 vs prior year
Spent
$57K
To programs
100%
Net assets
$507K
By yearFY2021–FY2023
Revenue
$257K
FY2022▲ ×11194
Revenue by fiscal year
FY2021$23
FY2022$257K
FY2023$355K
Expenses
$57K
FY2022
Expenses by fiscal year
FY2021Not on file
FY2022$57K
FY2023$250K
Net assets
$507K
FY2022▲ +65%
Net assets by fiscal year
FY2021$307K
FY2022$507K
FY2023$613K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2020-05-15)
Per the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CFirst Chance Foundation
EINHdr · item D20-3517982
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2021
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CBulverde, TX
NTEE classificationIRS BMFEducation (B60)
WebsiteHdr · item Jwww.firstchancefoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$57K
Total functional expensesLn 25$57K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
106.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+78%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$507K
FY2022
Total assets by fiscal year
FY2021Not on file
FY2022$507K
FY2023$613K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2021Not on file
FY2022$0
FY2023$0
Revenue less expensesPt I · Ln 19$200K
Total assetsPt X · Ln 16$507K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$507K
Total assetsLn 16$507K
Total liabilitiesLn 26$0
Total net assetsLn 32$507K
Months of cash on handcomputed106.3

Statement of Revenue

Part VIII
Contributions & grants104%$267K
Investment income$1
Total revenueLn 12$257K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $507K · Operating expenses/yr $57K
106.3 months
Where the money goes
Program services
Program services $57K · Total expenses $57K
100%
Management & General
Management & general $0 · Total expenses $57K
0%
Fundraising
Fundraising $0 · Total expenses $57K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $267K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $267K · Total revenue $257K
104%
Government reliance
Government grants — · Total revenue $257K
—
Earned-income share
Program service revenue $0 · Total revenue $257K
0%
Investment reliance
Investment income $1 · Total revenue $257K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $57K
0%
Growth & trend
Revenue growth (YoY)
This year $257K · Prior year $23
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $257K · Expenses $57K
+78%
Liabilities-to-Assets
Total liabilities — · Total assets $507K
—
Net-asset ratio
Net assets $507K · Total assets $507K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $507K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Clint Swindall · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $57K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $57K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth ×11194——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See First Chance Foundation executive salaries →

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides financial and physical aid to nonprofits helping disadvantaged children grow.

Provided by the organization

This section is blank until First Chance Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $57K of program spending, described in the organization's own filed words · FY2022.
01

To financially and physically assist other non-profit organizations with the nurturing and development of disadvantaged children.

$57Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $202K · 2022–2023
Trulight 127 MinistriesFY2023$15,470
St Jude's Ranch for ChildrenFY2023$15,000
J27 MinistryFY2023$11,000
Construct a Kid ChristmasFY2023$10,000
Boysville INCTX · FY2023$10,000
Ojeda FoundationTX · FY2023$7,820
Childres Shelter of SaFY2023$6,000
New Braunfels Citizens Police AssocFY2023$5,157
CacccFY2022$8,000
Boysville INCTX · FY2022$5,660
Childres Shelter of SaFY2022$5,125

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $355K$250K+38% 990 PDF
FY2022 Viewing $257K$57K×11194 990 PDF
FY2021 $23— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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