Chase the Victory EIN 85-1151304 Form 990 (PDF) Claim this org

Chase the Victory

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Supports grieving families and those fighting childhood cancer, inspiring hope and kindness. For fiscal year 2024 it reported $503K in revenue, $441K in expenses, and $427K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Carrollton, GA
Website
chasethevictory.com
Filings
4 on file (2021–2024)
Revenue
$503KFY2024
Expenses
$441K
Net assets
$427K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-1151304 Public charity (501(c)(3)) Carrollton, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports grieving families and those fighting childhood cancer, inspiring hope and kindness.
Leadership
Kimetrice McDaniel · Executive Director · $80K
Money in and out
$503K revenue, $441K expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$441K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program efficiency
90%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +513% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$503K
FY2024▲ +9%
Expenses
$441K
FY2024▼ -7%
Total assets
$427K
FY2024▲ +17%
Total liabilities
$0
FY2024
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$441K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$427K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChase the Victory
EINHdr · item D85-1151304
Principal addressHdr · item CCarrollton, GA
WebsiteHdr · item Jchasethevictory.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$80,340Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kimetrice McDaniel’s $80K as Executive Director is at the 72nd percentile of top reported officer pay among 2165 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Kimetrice McDaniel$80,340$80,340$80,340$54,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $391K of program spending, described in the organization's own filed words · FY2024.
01

Family Grief Retreats

Chase the victory provides completely free week-long retreats away at the beach for families who have experienced the loss of a child where they connect with other bereaved families on their path toward healing. The chase the victory family retreat provides a space for broken hearts to come heal, find comfort, and renew their strength.

$306Kprogram expense
02

Sneaker Ball (share Kindness)

As part of our commitment to strengthen the support of families grieving the loss of a child and families fighting childhood cancer, the chase the victory sneaker ball directly supports the missions of our family retreats and our kickback initiative.

$55Kprogram expense
03

Shoe Giveaways

Sneaker kickback program - while 17-YEAR-OLD chase mcdaniel was facing his own battle with cancer, he decided that he wanted to do something to give back and show kindness to others. Chase had the vision to use his love for sneakers as a way to share hope and make someone else smile.

$30Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$479K · 95%
Investment income$14K · 3%
Other revenue$10K · 2%
Contributions & grants95%$479K
Investment income3%$14K
Other revenue2%$10K
Total revenueLn 12$503K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program services90%$397K
Management & general6%$26K
Fundraising4%$18K
Total functional expensesLn 25$441K

Balance Sheet

Part X · end of year
CashLn 1$187K
Total assetsLn 16$427K
Total liabilitiesLn 26$0
Total net assetsLn 32$427K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $427K · Operating expenses (Pt IX) $441K · Less non-cash grants $41K · Cash operating expenses/yr $401K
12.8 months
Where the money goes
Program services
Program services $397K · Total expenses $441K
90%
Management & General
Management & general $26K · Total expenses $441K
6%
Fundraising
Fundraising $18K · Total expenses $441K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $451K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $479K · Total revenue $503K
95%
Government reliance
Government grants — · Total revenue $503K
Earned-income share
Program service revenue $0 · Total revenue $503K
0%
Investment reliance
Investment income $14K · Total revenue $503K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $441K
0%
Growth & trend
Revenue growth (YoY)
This year $503K · Prior year $461K
+9%
Net-asset trend (YoY)
End of year $427K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $503K · Expenses $441K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $427K
Net-asset ratio
Net assets $427K · Total assets $427K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $240K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $427K
56%
People & payroll
Highest Reported Total Compensation
Individual Kimetrice McDaniel · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $80K · Total expenses $441K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $80K · Total expenses $441K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 4%
Revenue growth 9%
Legal fee ratio 0.9%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 1 grant · $1K · 2022–2022
Unitemized GrantFY2022$1,000

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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
FY2024 (Latest)$503K revenue · viewing · ⤓ 990 PDF
FY2023$461K revenue · ⤓ 990 PDF
FY2022$426K revenue · ⤓ 990 PDF
FY2021$334K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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