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A Chance for Therapy INC

Tax-deductible

Key Biscayne, FL501(c)(3)Since 2009Foundations & Grantmakers EIN 80-0414175Revenue $274K in FY2025

On file with the IRS401 Harbor Dr, 33149-1704 · Key Biscayne, FLTax-exempt since Oct 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To provide assistance and support for health, emotional, physical and welfare to families whose children suffer from a medical condition and/or disability

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $45K a year · 18% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
51 mo
of spending, in cash
Looks good: 51.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $172K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$161K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
+8% vs prior year
Spent
$212K
To programs
83%
Net assets
$743K
By yearFY2020–FY2025
Revenue
$274K
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$185K
FY2022$264K
FY2023$210K
FY2024$254K
FY2025$274K
Expenses
$212K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$194K
FY2021$170K
FY2022$221K
FY2023$211K
FY2024$196K
FY2025$212K
Net assets
$743K
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$563K
FY2021$577K
FY2022$621K
FY2023$619K
FY2024$678K
FY2025$743K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $177K Management & general 2% · $4K Fundraising 15% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Martha Ocaranza
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Riley Smith
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See A Chance for Therapy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports families with children facing medical conditions and disabilities through health, emotional, and welfare assistance.

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Provided by the organization

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1 program · $117K · in their own filed words · FY2025
01

We provide financial assistance for treatment and welfare to families whose child(ren) suffer from a medical condition AND/OR disability.

$117Kprogram expense

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
Leslie L Alexander Foundation INCFY2024$55K
Ocean Reef Community Foundation INCFY2024$42K
Dr John T Macdonald Foundation INCFY2024$30K
The Batchelor Foundation INCFY2024$20K
Allegany Franciscan Ministries INCFY2024$20K
Mightycause Charitable FoundationFY2024$5K
Total grants receivedfrom 6 funders$172K
See all 6 funders →
Grants paid · 4 grants · $450K · 2021–2024
Unitemized GrantFY2024$89,712
Unitemized GrantFY2023$131,866
Unitemized GrantFY2022$122,083
Unitemized GrantFY2021$105,920

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$274K
Ln 12
Gifts and grantsLn 1h$271K
Investment incomeLn 3$3K
Money outPt IX
$212K
Ln 25
Programscol B$177K
Managementcol C$4K
Fundraisingcol D$31K
Owns and owesPt X
$743K
net assets · Ln 32
Cash and savingsLn 1–2$904K
Total assetsLn 16$904K
LiabilitiesLn 26$161K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$271K
Government grantsLn 1e$178K
Investment incomeLn 3$3K
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$904K
Cash and savings togetherLn 1–2$904K
Total assetsLn 16$904K
LiabilitiesLn 26$161K
Net assetsLn 32$743K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$839K$904K
Total assetsLn 16$839K$904K
LiabilitiesLn 26$161K$161K
Net assetsLn 32$678K$743K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$54K$51K$4K
Management feesLn 11a$10K$10K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$95K$95K
Office expensesLn 13$4K$4K
OccupancyLn 16$12K$12K
InsuranceLn 23$2K$2K$264
Other expenses (24a–d)Ln 24$31K$232$31K
All other expensesLn 24e$2K$565$483
Total functional expensesLn 25$212K$177K$4K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $274K$212K$61K$743K 990 PDF
FY2024 $254K$196K$58K$678K 990 PDF
FY2023 $210K$211K−$1K$619K 990 PDF
FY2022 $264K$221K$43K$621K 990 PDF
FY2021 $185K$170K$14K$577K 990 PDF
FY2020 $289K$194K$95K$563K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $273,701 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $253,869$270,650
I-9 Program service revenue$0
I-10 Investment income$3,051
I-11 Other revenue$0
I-12 Total revenuePrior year $253,869$273,701
I-13 Grants and similar amounts paidPrior year $89,712$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,332$54,390
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,615$157,907
I-18 Total expensesPrior year $195,659$212,297
I-19 Revenue less expensesPrior year $58,210$61,404
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $273,701 across 6 lines filed
VIII-1e Government grants$178,000
VIII-1f All other contributions, gifts and grants$9,375
VIII-1h Total contributions, gifts and grants$270,650
VIII-3 Investment incomeRelated to mission $3,051$3,051
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,051 · Unrelated business $0 · Excluded from tax $0$273,701
Part IX · Statement of functional expenses $212,297 across 9 lines filed
IX-7 Other salaries and wagesPrograms $50,890 · Management $3,500$54,390
IX-11a Management feesPrograms $10,350$10,350
IX-11c Accounting feesPrograms $1,915$1,915
IX-11g Other fees for servicesPrograms $95,110$95,110
IX-13 Office expensesPrograms $4,138$4,138
IX-16 OccupancyPrograms $11,760$11,760
IX-23 InsurancePrograms $1,669 · Management $264$1,933
IX-24 Other expenses (24a–d)Programs $232 · Fundraising $30,746$30,978
IX-24e All other expensesPrograms $565 · Fundraising $483$1,723
IX-25 Total functional expensesPrograms $176,629 · Management $3,764 · Fundraising $31,229$212,297
Part X · Balance sheet $904,312 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $838,571$904,312
X-16 Total assetsStart of year $838,571$904,312
X-18 Grants payableStart of year $160,883$160,883
X-26 Total liabilitiesStart of year $160,883$160,883
X-27 Net assets without donor restrictionsStart of year $677,688$743,429
X-32 Total net assets or fund balancesStart of year $677,688$743,429
X-33 Total liabilities and net assetsStart of year $838,571$904,312
Part XI · Reconciliation of net assets $743,429 net assets at year end
XI-1 Total revenue$273,701
XI-2 Total expenses$212,297
XI-3 Revenue less expenses$61,404
XI-4 Net assets at start of year$677,688
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$743,429

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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