Fair Chance FY2019 filing

Tax-deductible

Washington, DC501(c)(3)Human ServicesEIN 74-3091832

Strengthen sustainability of community based non-profits to benefit those experiencing poverty.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$146K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
2 of 6
years in the black
Concern: 4 of the last 6 filings show a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
66%
of spending
Worth a look: 66% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
What are leaders paid?
$146K
to officers and key staff · 7% of spending
Looks good: leaders' pay is 7% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
7
named funders · $776K
Looks good: 7 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$91K
liabilities
Looks good: debts are 4% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
16
independent of 17 voting board members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$3.5M
Spent
$2.0M
To programs
66%
Net assets
$2.3M
By yearFY2019–FY2024
Revenue
$3.5M
FY2019
Revenue by fiscal year
FY2019$3.5M
FY2020$1.9M
FY2021$1.9M
FY2022$2.9M
FY2023$2.1M
FY2024$2.0M
Expenses
$2.0M
FY2019
Expenses by fiscal year
FY2019$2.0M
FY2020$2.4M
FY2021$2.3M
FY2022$2.6M
FY2023$2.5M
FY2024$2.4M
Net assets
$2.3M
FY2019
Net assets by fiscal year
FY2019$2.3M
FY2020$1.8M
FY2021$1.4M
FY2022$1.7M
FY2023$1.3M
FY2024$872K

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFair Chance
EINHdr · item D74-3091832
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2003
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jwww.fairchance.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 $0.66 Management & general $0.19 Fundraising $0.15
Program services66%$1.3M
Management & general19%$374K
Fundraising15%$297K
Total functional expensesLn 25$2.0M

Financial health

Is it on solid ground?

Program efficiency
66%
of spending reaches programs
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+43%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Total assets
$2.4M
FY2019
Total assets by fiscal year
FY2019$2.4M
FY2020$2.0M
FY2021$1.5M
FY2022$1.9M
FY2023$1.8M
FY2024$1.3M
Total liabilities
$91K
FY2019
Total liabilities by fiscal year
FY2019$91K
FY2020$194K
FY2021$175K
FY2022$221K
FY2023$547K
FY2024$412K
Revenue less expensesPt I · Ln 19$1.5M
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$909K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$91K
Total net assetsLn 32$2.3M
Months of cash on handcomputed5.5

Statement of Revenue

Part VIII
Contributions & grants$2.8M · 81%
Program service revenue$462K · 13%
Other revenue$197K · 6%
Contributions & grants81%$2.8M
Program service revenue13%$462K
Other revenue6%$197K
Investment income$5K
Total revenueLn 12$3.5M

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $909K · Operating expenses (Pt IX) $2.0M · Less non-cash grants $19K · Cash operating expenses/yr $2.0M
5.6 months
Where the money goes
Program services
Program services $1.3M · Total expenses $2.0M
66%
Management & General
Management & general $374K · Total expenses $2.0M
19%
Fundraising
Fundraising $297K · Total expenses $2.0M
15%
Cost to raise $1
Fundraising expense $297K · Solicited contributions $2.8M
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $3.5M
81%
Government reliance
Government grants — · Total revenue $3.5M
—
Earned-income share
Program service revenue $462K · Total revenue $3.5M
13%
Investment reliance
Investment income $5K · Total revenue $3.5M
+0.1%
Program self-sufficiency
Program service revenue $462K · Total expenses $2.0M
23%
Growth & trend
Revenue growth (YoY)
This year $3.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.5M · Expenses $2.0M
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.4M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gretchen Van Der Veer · Reported title Chief Executive Officer · Highest reported compensation $146K · Total expenses $2.0M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $2.0M
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 19%——
Fundraising cost ratio 11%——
Accounting fee ratio 8%——

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
Chief Executive Officer
$146,072Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gretchen Van Der Veer’s $148K as Chief Executive Officer is at the 72nd percentile of top reported officer pay among 3869 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Gretchen Van Der Veer——$155,119$148,000$144,923$146,072
Gretchen Van Der Veer$148,000$144,724————
Ann G Birnbaum Miles$117,840$118,038————
Jason McCray$116,840$114,927————
Jason McCray——$114,978$116,840——
Tamala Scott$116,340$116,014————
Ann Birnbaum Miles——$113,286$111,760$107,893—
J McCray————$105,947—

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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Governance & Policies

Part VI
  • 17Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps local charities become stronger to better serve people in poverty.

Provided by the organization

This section is blank until Fair Chance claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2019.
01

Provided capacity building services and increased sustainability of nonprofit organizations that improve the lives of children, youth and families living in underserved communities in Washington, DC andPrince Georges County, MD

$1.3Mprogram 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 · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 3 grants · $75K · 2024–2024
Leep to College FoundationMD · FY2024$25,000
Bcauseican INCMD · FY2024$25,000
Art Works Studio School INCMD · FY2024$25,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.0M$2.4M-5% 990 PDF
FY2023 $2.1M$2.5M-27% 990 PDF
FY2022 $2.9M$2.6M+53% 990 PDF
FY2021 $1.9M$2.3M+1% 990 PDF
FY2020 $1.9M$2.4M-45% 990 PDF
FY2019 Viewing $3.5M$2.0M 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

Full filing: Form 990 for FY2019

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $1,980,062 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,243 · Management $34,327 · Fundraising $22,502$146,072
IX-7 Other salaries and wagesPrograms $485,459 · Management $186,732 · Fundraising $122,403$794,594
IX-8 Pension plan contributionsPrograms $10,257 · Management $3,945 · Fundraising $2,586$16,788
IX-9 Other employee benefitsPrograms $87,921 · Management $33,819 · Fundraising $22,168$143,908
IX-10 Payroll taxesPrograms $46,388 · Management $17,843 · Fundraising $11,696$75,927
IX-11c Accounting feesPrograms $127,172 · Management $16,032 · Fundraising $23,567$166,771
IX-11g Other fees for servicesPrograms $279,076 · Management $35,183 · Fundraising $51,717$365,976
IX-12 Advertising and promotionPrograms $993 · Fundraising $222$1,215
IX-13 Office expensesPrograms $44,798 · Management $5,706 · Fundraising $13,610$64,114
IX-14 Information technologyPrograms $19,288 · Management $2,456 · Fundraising $5,860$27,604
IX-16 OccupancyPrograms $79,732 · Management $29,121 · Fundraising $19,032$127,885
IX-17 TravelPrograms $5,549 · Management $1,166 · Fundraising $400$7,115
IX-19 Conferences, conventions and meetingsPrograms $31,055 · Management $3,229 · Fundraising $257$34,541
IX-20 InterestManagement $2,908$2,908
IX-23 InsurancePrograms $2,913 · Management $1,047 · Fundraising $684$4,644
IX-25 Total functional expensesPrograms $1,309,844 · Management $373,514 · Fundraising $296,704$1,980,062

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) · FY2019IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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