Operation Second Chance Inc
- Assets
- $7.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Germantown, MD
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 20-2624345
Organization Overview
Operation Second Chance Inc is located in Germantown, MD. The organization was established in 2005. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Operation Second Chance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Second Chance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Operation Second Chance Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE PATRIOTIC CITIZENS COMMITTED TO SERVING OUR WOUNDED, INJURED AND ILL COMBAT VETERANS. WE SUPPORT VETERANS AND THEIR FAMILIES BY BUILDING RELATIONSHIPS AND SUPPORTING THEIR IMMEDIATE NEEDS AND INTERESTS. WE PROMOTE PUBLIC AWARENESS OF THE MANY SACRIFICES OF OUR ARMED FORCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEROES RIDGE - SITUATED AT THE TOP OF A MOUNTAIN, HEROES RIDGE OFFERS REST AND RELAXATION FOR WOUNDED, INJURED AND ILL VETERANS. THE PROPERTY CONSISTS OF 275 ACRES, OFFERING 4 CABINS, A DINING HALL, RECREATION CENTER, FITNESS CENTER, POOL, HORSES, ATVS AND MILES OF TRAILS FOR HIKING, HORSEBACK RIDING AND ATV RIDES. THE PROPERTY, LOCATED CLOSE TO GETTYSBURG IS RICH WITH HISTORY OF THE CIVIL WAR, AND OFFERS VETERANS A CHANCE TO THRIVE POST WAR AND GET BACK TO MANY OF THEIR ROOTS.
PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO OUR NATIONS VETERANS, THAT ARE WOUNDED, INJURED OR ILL, IN THE FORM OF RENT AND MORTGAGE PAYMENTS TO PREVENT HOMELESSNESS AND EVICTIONS. UTILITY PAYMENTS, FLIGHTS AND LODGING SO FAMILY MEMBERS CAN BE TOGETHER DURING RECOVERY. ASSISTANCE REQUESTS MUST COME THROUGH VERIFIED CASEWORKERS OR V.A. REPRESENTATIONS, AND OSC IS ABLE TO PROVIDE A RAPID RESPONSE TO OUR VETERANS NEEDS WITHIN 24-48 HOURS, MAKING PAYMENTS DIRECTLY TO THEIR CREDITORS.
MORALE, WELFARE, AND RECREATION EXPENSES TO IMPROVE THE MORALE OF WOUNDED SOLDIERS. ACTIVITIES INCLUDE PROVIDING MEALS, COOKOUTS, TRIPS TO THE MOVIES AND A MULTITUDE OF HEALING RETREATS ALL AIMED AT ENGAGING THE VETERANS TO GET BACK TO DOING THE THINGS THAT THEY LOVED BEFORE THEIR INJURIES. EMPHASIS IS PLACED ON OUTDOOR SPORTING ACTIVITES SUCH AS ADAPTIVE SKIING, HORSEBACK RIDING, WHITE WATER RAFTING AND FISHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Mcgrew President | OfficerTrustee | 40 | $113,458 |
Diane Morales Director | Trustee | 1 | $0 |
Clark Wagner Director | Trustee | 1 | $0 |
Kevin Kenney Director | Trustee | 1 | $0 |
Paul Steketee Director | Trustee | 1 | $0 |
Pete Hinz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,074,757 |
| Noncash contributions included in lines 1a–1f | $10,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,074,757 |
| Total Program Service Revenue | $0 |
| Investment income | $147,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,230,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,458 |
| Compensation of current officers, directors, key employees. | $11,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,344 |
| Payroll taxes | $21,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,536 |
| Fees for services: Accounting | $33,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,938 |
| Advertising and promotion | $0 |
| Office expenses | $1,650 |
| Information technology | $35,433 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,800 |
| Insurance | $16,108 |
| All other expenses | $35,622 |
| Total functional expenses | $1,537,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,335 |
| Savings and temporary cash investments | $2,623,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,085 |
| Net Land, buildings, and equipment | $2,933,728 |
| Investments—publicly traded securities | $2,090,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,784,744 |
| Accounts payable and accrued expenses | $27,365 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $332,847 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360,212 |
| Net assets without donor restrictions | $7,405,532 |
| Net assets with donor restrictions | $19,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,784,744 |