Nonprofit · EIN 23-7173492
A BETTER CHANCE INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,888,973 | $5,720,777 | -$1,831,804 | $18,230,196 | $9,007,389 | $9,222,807 |
| December 31, 2023 | 990 | $3,925,306 | $5,542,974 | -$1,617,668 | $16,739,776 | $5,744,904 | $10,994,872 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,850,118
- Program service revenue
- $271,452
- Investment income
- $748,251
- Net gain from sales of assets
- $456,600
- Net income from fundraising events
- $7,332
- Other revenue
- $19,152
Expenses
- Grants and similar amounts paid
- $204,087
- Compensation of officers, directors and key employees
- $769,857
- Other salaries and wages
- $2,085,344
- Salaries, compensation and benefits (total)
- $3,386,721
- Professional fundraising fees
- $150,000
- Legal fees
- $33,393
- Accounting fees
- $43,368
- Occupancy
- $235,297
- Travel
- $68,577
- Depreciation
- $16,535
- Program services (functional)
- $3,899,526
- Management and general (functional)
- $758,790
- Fundraising (functional)
- $1,062,461
Balance sheet and other
- Total assets, start of year
- $16,739,776
- Total assets, end of year
- $18,230,196
- Total liabilities, end of year
- $9,007,389
- Net assets, end of year
- $9,222,807
- Land, buildings and equipment
- $72,070
- Publicly traded securities
- $9,791,042
- Net assets without donor restrictions
- -$4,078,646
- Net assets with donor restrictions
- $13,301,453
- Gross receipts
- $6,105,566
- Employees
- 40
- Volunteers
- 21
- Year formed
- 1971
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANCISCO TEZEN | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $306,521 | $29,668 |
| DAMARIS HERRON-WATKINS | CHIEF FINANCE & OPERATIONS Officer | 37.5 | $197,519 | $20,012 |
| BENJAMIN BINGMAN-TENNANT | CHIEF PROGRAMS OFFICER Key employee | 37.5 | $199,798 | $16,339 |
| JOHN KORNFELD | DIRECTOR OF DEVELOPMENT Highest-paid employee | 37.5 | $133,900 | $12,553 |
| SHEILA MARMON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| THEO KILLION | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROB FULLERTON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RHONDA TROTTER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GENNELL JEFFERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GERALD KEEFE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RENEE J CARTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EKENE EZULIKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAYO FAMAKINWA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL DIBIASIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHEA MANIGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADREA WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE GITTENS | DIRECTOR Trustee or director | 2 | $0 |
| STARLISHA MCDADE | DIRECTOR Trustee or director | 2 | $0 |
| KURT VAN WAGENEN | DIRECTOR Trustee or director | 2 | $0 |
| ROGER ARRIEUX | DIRECTOR Trustee or director | 2 | $0 |
| KEITH EVANS | DIRECTOR Trustee or director | 2 | $0 |
| NICOLE MELWOOD | DIRECTOR Trustee or director | 2 | $0 |
| GEORGE WILSON | DIRECTOR Trustee or director | 2 | $0 |
| SAMANTHA ROBINSON-GAYE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANCISCO TEZEN | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $374,982 | $41,511 |
| BENJAMIN BINGMAN-TENNANT | CHIEF PROGRAMS OFFICER Key employee | 37.5 | $175,045 | $32,068 |
| DAMARIS HERRON-WATKINS | CHIEF FINANCE & OPERATIONS OFFICER Officer | 37.5 | $171,962 | $15,169 |
| JOHN ANTHONY DUMEY | NAT. DIR, DEV. & COMMS (UNTIL 10/23) Highest-paid employee | 37.5 | $135,826 | $20,992 |
| THEO KILLION | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SHEILA MARMON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROB FULLERTON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RHONDA TROTTER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROGER ARRIEUX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH EVANS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GENNELL JEFFERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GERALD KEEFE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TRACEY KOZIOL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EKENE EZULIKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAYO FAMAKINWA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLISON LAWRENCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHEA MANIGO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROXANE GAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELLE GITTENS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STARLISHA MCDADE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICOLE MELWOOD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN MORNO-WADE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| A LOUIS PARKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KURT VAN WAGENEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 253 W 35TH STREET 15TH FLOOR, NEW YORK, NY 10001-1907
- Principal officer (990 for 2024)
- FRANCISCO TEZEN, 253 W 35TH STREET 15TH FLOOR, NEW YORK, NY 10001
- Signed the 990
- FRANCISCO TEZEN, PRESIDENT & CEO
- Phone
- (646) 346-1310
- Website
- WWW.ABETTERCHANCE.ORG
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
TO INCREASE THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLOR CAPABLE OF ASSUMING RESPONSIBILITY AND LEADERSHIP ROLES IN AMERICAN SOCIETY.
Program accomplishments
- SINCE 1963, A BETTER CHANCE HAS ACCOMPLISHED ITS MISSION BY NATIONALLY RECRUITING, PLACING AND PROVIDING SUPPORT TO A COMMUNITY OF 1,500 ACADEMICALLY TALENTED YOUTH THROUGH ITS SIGNATURE COLLEGE PREPARATORY SCHOOLS PROGRAM. OUR SUCCESS IS EVIDENT IN THE OVER 20,000ALUMNI WHO HAVE BECOME GREAT INNOVATORS, THINKERS AND LEADERS IN THEIR RESPECTIVE FIELDS. IN 2024, A BETTER CHANCE ACHIEVED 250 PLACEMENTS FROM A POOL OF 455 AND SAW NEARLY 100% OF GRADUATING HS SCHOLARS ENROLLING IN COLLEGE (SEE SCHEDULE O FOR DETAILS).THE ORGANIZATION HOSTED VIRTUAL SCHOOL FAIRS AT WHICH 120 OF OUR 200 MEMBER SCHOOLS PARTICIPATED. AN IN-PERSON MEMBER SCHOOL FAIR WAS HOSTED IN ATLANTA AT WHICH 35 MEMBER SCHOOL PARTICIPATED. THE ORGANIZATION ALSO LED VIRTUAL ADMISSIONS AND FINANCIAL AID WORKSHOPS, VIRTUAL INTERVIEW DAYS AND OUR SIGNATURE SUMMER LEADERSHIP ACADEMY (SLA), WHICH HELPS FAMILIES BETTER NAVIGATE AND UNDERSTAND THE APPLICATION, ACCEPTANCE AND PLACEMENT PROCESS. 103 MIDDLE SCHOOL AND 110 HIGH SCHOOL STUDENTS ACCEPTED BY A BETTER CHANCE FOR PLACEMENT PARTICIPATED IN SLA.Expenses $3,899,526 · grants $204,087 · revenue $271,452
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7173492
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,230,196
- Income (IRS master file)
- $6,105,566
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,888,973 | $5,720,777 | $18,230,196 | XML |
| 990 | December 2023 | $3,925,306 | $5,542,974 | $16,739,776 | XML |
| 990 | December 2022 | $5,417,712 | $4,984,438 | $17,353,052 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7173492).
Questions about A BETTER CHANCE INC
- What is the EIN of A BETTER CHANCE INC?
- The employer identification number (EIN) of A BETTER CHANCE INC is 23-7173492.
- Is A BETTER CHANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to A BETTER CHANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does A BETTER CHANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of A BETTER CHANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did A BETTER CHANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of A BETTER CHANCE INC?
- The 990 for the year ended December 31, 2024 names FRANCISCO TEZEN.
- Who are the officers and directors of A BETTER CHANCE INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 4 received compensation from the organization, the highest $306,521 (FRANCISCO TEZEN, PRESIDENT & CEO).
- How much revenue does A BETTER CHANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,888,973, expenses of $5,720,777 and total assets of $18,230,196 at year end.
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