Fair Chance
Nonprofit profile at a glance
- EIN
- 743091832
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2024672420
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $2,046,914
- Expenses
- $2,440,659
- Assets
- $1,284,084
- Liabilities
- $412,268
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- GRETCHEN VAN DER VEER (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- GRETCHEN VAN DER VEER (CHIEF EXECUTIVE OFFICER): $181,638 total reported compensation
- ANN G BIRNBAUM MILES (CHIEF PROGRAM OFFICER): $151,310 total reported compensation
- JASON MCCRAY (CHIEF OPERATING OFFICER): $136,172 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Strengthen sustainability of community based non-profits to benefit those experiencing poverty.
What it reported doing in 2024
PATHWAYS - 8 months partnership that deepens nonprofit leaders knowledge across 4 key areas: board development, fundraising, leadership & management and program evaluation. PRAXIS -focuses on strengthening leadership and organizational systems across four or more of the following areas: board development, financial management, fundraising, human resources, leadership &management, outreach & communications, planning & strategy and program evaluation.
Operating model
- Revenue model
- Donor-supported. 70% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.3%; rating input score 71
- Program expense ratio: 59.7%; rating input score 60
- Fundraising efficiency: $2.23 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -19.2%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 24.4%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 71.3% of revenue deployed · 59.7% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $182K · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 6/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.