Another Chance Foundation Inc
Another Chance Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Duluth, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $307K in total assets. In 2025, it made $2K in qualifying distributions.
Key facts about Another Chance Foundation Inc
- EIN
- 46-4295650
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $307,206
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$307K
-1.0% YoY
Revenue
$890
Qualifying Distributions
$2K
-99.6% YoY
Expenses
$4K
-99.2% YoY
Under IRS private-foundation payout rules, Another Chance Foundation Inc reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Is Another Chance Foundation Inc open to new grantees?
48%
first-time grantees, 2024
In 2024, 11 of 23 grantees (48%) were first-time recipients. First grants averaged $3K; repeat grants $39K. How we count
Medians: $200 first-time, $350 repeat.
- 35% of 2024 grantees were also funded in 2023. Method
- Giving grew 76% from 2021 to 2024. Method
- In 2025 it paid out 13% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $307,206 | $310,306 | $803,806 |
| Revenue | $890 | — | $500,000 |
| Expenses | $3,990 | $493,500 | $323,446 |
| Qualifying Distributions | $1,995 | $492,250 | $320,300 |
| Net Investment Income | — | — | — |
| Distributable Amount | $14,824 | $23,681 | $25,257 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 20, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Another Chance Foundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gary Onorati
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Don Swift
Trustee
On filings since 2024
2 hrs/week
No compensation reported
Former officers (1)
- Former: Frank M Circelli (2020–2024) — Trustee- Upto 10th December
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Another Chance Foundation Inc
How large is Another Chance Foundation Inc?
Another Chance Foundation Inc reported $307K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Another Chance Foundation Inc?
Another Chance Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Duluth, GA. It holds $307K in total assets as of 2025.
Where does Another Chance Foundation Inc operate?
Another Chance Foundation Inc has awarded grants in Arizona, District of Columbia, Florida, Georgia, Kansas, Maryland, Maine, Minnesota, North Carolina, New Hampshire, New York, Tennessee, Texas, Virginia.
What is Another Chance Foundation Inc's EIN?
Another Chance Foundation Inc's EIN (Employer Identification Number) is 46-4295650. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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