Breaking Chains EIN 26-0168447

Breaking Chains FY2023 filing

EIN  26-0168447 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Rescues children from prostitution, sex trafficking, and sexual abuse.
Leadership
Steven T Cass · President · $31K
Money in and out
$222K revenue, $157K expenses
Bottom line
97% program efficiency

Rescues children from prostitution, sex trafficking, and sexual abuse. For fiscal year 2023 it reported $222K in revenue, $157K in expenses, and $272K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$157K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
4.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$222K
FY2023▼ -6%
Expenses
$157K
FY2023▼ -4%
Total assets
$301K
FY2023▲ +23%
Total liabilities
$29K
FY2023▼ -26%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$157K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$301K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $152K of program spending, described in the organization's own filed words · FY2022.
01

Abolition

Breaking Chains actively works to eliminate sexual exploitation and human trafficking by conducting investigations and working with law enforcement in Latin America and the USA. Governmental agencies, such as various child services bureaus, often refer victims and cases of child sex trafficking, or other child sexual abuse, to us.

$152Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBreaking Chains
EINHdr · item D26-0168447
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.breakingchains.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFNov 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$31,079Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steven T Cass’s $31K as President is at the 19th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steven T Cass$31,354$31,352$31,079$1,184
Jill W Folsom$5,500$6,000$5,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants102%$227K
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$152K
Management & general3%$5K
Total functional expensesLn 25$157K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$301K
Total liabilitiesLn 26$29K
Total net assetsLn 32$272K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses (Pt IX) $157K · Less non-cash grants $61K · Cash operating expenses/yr $96K
4.6 months
Where the money goes
Program services
Program services $152K · Total expenses $157K
97%
Management & General
Management & general $5K · Total expenses $157K
3%
Fundraising
Fundraising $0 · Total expenses $157K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $231K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $227K · Total revenue $222K
102%
Government reliance
Government grants — · Total revenue $222K
Earned-income share
Program service revenue $0 · Total revenue $222K
0%
Investment reliance
Investment income $-5K · Total revenue $222K
-2%
Program self-sufficiency
Program service revenue $0 · Total expenses $157K
0%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $235K
-6%
Net-asset trend (YoY)
End of year $272K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $157K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $301K
Net-asset ratio
Net assets $272K · Total assets $301K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $301K
0%
People & payroll
Highest Reported Total Compensation
Individual Steven T Cass · Reported title President · Highest reported compensation $31K · Total expenses $157K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $157K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth -6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$154K revenue · ⤓ 990 PDF
FY2024$169K revenue · ⤓ 990 PDF
FY2023$222K revenue · viewing · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$188K revenue · ⤓ 990 PDF
FY2020$177K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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