SECOND CHANCE PET ADOPTIONS INC

EIN: 561671883 501(c)(3) Animal-Related

Raleigh, NC

Total Revenue
$1,806,301
Total Expenses
$1,125,442
Total Assets
$2,243,309
Net Assets
$2,152,697
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Nick Costa
Phone
9198518404
Tax Period
2023-07-01 to 2024-06-30

SECOND CHANCE PET ADOPTIONS INC, founded in 1989, is a community nonprofit in the Animal-Related sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $681K, a strong 38% operating margin.

Mission

To champion homeless cats and dogs who are healthy or treatable in the quest to find their forever home and engage with our community to provide responsible pet ownership reducing future generations of homeless animals.

Program Service Accomplishments

Program 1
Expenses: $943,466 Revenue: $76,170

Second Chance Pet Adoptions continues our essential mission of saving lives of cats and dogs by providing them with shelter, medical care, food, socialization, love and finding them their forever...

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Second Chance Pet Adoptions continues our essential mission of saving lives of cats and dogs by providing them with shelter, medical care, food, socialization, love and finding them their forever homes. The organization welcomes all breeds of cats and dogs, accepting stray and abandoned animals found by community members or by pulling animals from government shelters. Second Chance accepts healthy animals as well as animals in need of special care such as those requiring surgery, treatments such as for heartworms and specialized diets. Pregnant, nursing animals and newborns needing to be bottle fed are also provided care within our program. Second Chance commits to each animal for their entire lives, taking them back into our program if the adoptive parents can no longer care of them. We also work with several government run shelters to take their animals into our program, decreasing euthanasia rates by freeing space in those shelters and by taking animals which require medical procedures that these shelters can not provide. Second Chance also collaborates with other rescues and non-profits to save dogs from high kill shelters by pulling, quarantining, providing medical care and love, and transferring them to other areas in the country for adoption. In addition, Second Chance supports programs to spay/neuter owned and feral animals to help manage the population of unwanted animals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,616,170
Program Service Revenue $76,170
Investment Income $71,393
Other Revenue $42,568
TOTAL REVENUE $1,806,301

Expense Breakdown

Grants Paid $100,128
Salaries & Benefits $458,195
Fundraising Expenses $149,616
Program Expenses $943,466
Other Expenses $567,119
TOTAL EXPENSES $1,125,442

Year-over-Year Comparison

2023 2022 Change
Revenue $1,806,301 $862,928 +1.1%
Expenses $1,125,442 $932,254 +0.2%
Net Income $680,859 $-69,326 -10.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
13
Volunteers
450

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shelby Hunt Board Member 8
Director
$0 $0 $0
Liese Zweigart Board Member 3
Director
$0 $0 $0
Ryan Villager Board Member 2
Director
$0 $0 $0
Brittany Schott Board Member 20
Director
$0 $0 $0
Bill Foley Board Member 12
Director
$0 $0 $0
Andrew Sylvester Board Member 2
Director
$0 $0 $0
Nick Costa Vice President 9
Officer
$0 $0 $0
David Holmes Treasurer 12
Officer
$0 $0 $0
David Ballesteros President 23
Officer
$0 $0 $0
Connor Fraley Secretary 2
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,806,301 $1,125,442 $2,243,309 $680,859
2023 $862,928 $932,254 $1,623,764 $-69,326
2022 $873,665 $813,947 $1,712,409 $59,718
2021 $1,529,465 $716,809 $1,397,236 $812,656
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