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Extra Chance EIN 88-1678457

Extra Chance FY2022 filing

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Helps and supports less fortunate people to expand their opportunities. For fiscal year 2022 it reported $280K in revenue, $172K in expenses, and $108K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Middle River, MD
Filings
3 on file (2022–2022)
Revenue
$280KFY2022
Expenses
$172K
Net assets
$108K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-1678457 Public charity (501(c)(3)) Middle River, MD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Helps and supports less fortunate people to expand their opportunities.
Leadership
Dr Chibuike Anucha · Director
Money in and out
$280K revenue, $172K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$108K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $108K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
7.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$280K
FY2022
Expenses
$172K
FY2022
Total assets
$108K
FY2022
Total liabilities
$0
FY2022
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$108K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$108K
Total assetsPt X · Ln 16$108K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $172K of program spending, described in the organization's own filed words · FY2022.
01

Extra chance incorporated's mission is to expand privileges for the less fortunate in the society by providing them help and support.

$172Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExtra Chance
EINHdr · item D88-1678457
Principal addressHdr · item CMiddle River, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Benjamin Nwokeleme
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$280K
Total revenueLn 12$280K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$172K
Management & general$25
Total functional expensesLn 25$172K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$108K
Total liabilitiesLn 26$0
Total net assetsLn 32$108K
Months of cash on handcomputed7.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $172K
7.5 months
Where the money goes
Program services
Program services $172K · Total expenses $172K
100%
Management & General
Management & general $25 · Total expenses $172K
0.01%
Fundraising
Fundraising $0 · Total expenses $172K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $280K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $280K · Total revenue $280K
100%
Government reliance
Government grants — · Total revenue $280K
—
Earned-income share
Program service revenue $0 · Total revenue $280K
0%
Investment reliance
Investment income $0 · Total revenue $280K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $172K
0%
Growth & trend
Revenue growth (YoY)
This year $280K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $108K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $280K · Expenses $172K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $108K
—
Net-asset ratio
Net assets $108K · Total assets $108K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $108K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Chibuike Anucha · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $172K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $172K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0.01%——
Fundraising cost 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 · this organization's grantmaking
Grants paid · 2 grants · $46K · 2022–2023
Unitemized GrantFY2023$15,000
Hope International Medical OutreachCA · FY2022$30,500

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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)$48K revenue · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$280K revenue · viewing · ⤓ 990 PDF

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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
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