SECOND CHANCER FOUNDATION INC

EIN: 883266733 501(c)(3) Mental Health

PALMYRA, VA

Total Revenue
$254,462
Total Expenses
$51,092
Total Assets
$203,370
Net Assets
$203,370
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Principal Officer
JESSE CROSSON
Tax Period
2022-01-01 to 2022-12-31

SECOND CHANCER FOUNDATION INC, founded in 2022, is a small nonprofit in the Mental Health sector that reported $254K in total revenue in fiscal year 2022. The organization ran a surplus of $203K, a strong 80% operating margin.

Mission

OUR GOAL IS TO CREATE A SOCIETY WHERE JUSTICE IMPACTED INDIVIDUALS ARE VIEWED WITH EMPATHY GAINED THROUGH AN UNDERSTANDING OF THE CHALLENGES ASSOCIATED WITH THE EXPERIENCE OF INCARCERATION.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $254,461
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $254,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,000
Fundraising Expenses $0
Program Expenses $51,092
Other Expenses $11,092
TOTAL EXPENSES $51,092

Year-over-Year Comparison

2022 2021 Change
Revenue $254,462 N/A N/A
Expenses $51,092 N/A N/A
Net Income $203,370 N/A N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$40,000
Total Directors
4
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSE CROSSON EXECUTIVE DI 40.00
Officer Director
$40,000 $0 $40,000
JOSHUA PRITCHETT BOARD CHAIR 5.00
Officer Director
$0 $0 $0
JENNIFER LILL SECRETARY 5.00
Officer Director
$0 $0 $0
MARCI MARIE SIMMONS BOARD MEMBER 5.00
Director
$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
2022 $254,462 $51,092 $203,370 $203,370
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