Second Family Foundation Inc
- Assets
- $12.3m
- Revenue
- $181.8k
- Investments
- $12.1m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-5885567
Organization Overview
Second Family Foundation Inc is located in Chapel Hill, NC. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Family Foundation 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 12/2021, Second Family Foundation Inc generated $181.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $307.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION RESOURCES AND SUPPORT VIA ORANGE COUNTY DSS WERE PROVIDED TO 40+ PROGRAM YOUTH OVER THE COURSE OF 2021. THIS SERVICE AND PROGRAM AFFORDED YOUTH THE MOBILITY TO ATTEND EMPLOYMENT (SFWORKS) PROGRAMS AS WELL OTHER SELF-DEVELOPMENT WORK SUCH AS TUTORING AND SPECIALIZED EDUCATIONAL NEEDS. JOB COACHING AND SUPPORT IS ALSO PROVIDED DURING THE TRANSPORTATION TIMES.
SFWORKS - YOUTH EMPLOYMENT PROGRAM THAT CONNECTS YOUTH WHO ARE EXPERIENCING RISK TO THEIR FIRST JOB, AS WELL AS, REFERENCE BUILDING EXPERIENCES AND RELATIONSHIPS.
ACADEMIC TUTORING/SUPPORT AND INCENTIVE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward William Miles Director | 0.25 | $24,000 | |
Mike Miles President/treasurer | 2 | $0 | |
Elston Miles Vice President/secretary | 0.25 | $0 | |
Wendy Miles Baer Director | 0.25 | $0 | |
Andrea Alden Miles Director | 0.25 | $0 | |
Alexandra Miles Skove Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,140 |
| Interest on Savings | $0 |
| Dividends & Interest | $254,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$97,947 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $96,001 |
| Pension plans, employee benefits | $8,009 |
| Interest | $0 |
| Taxes | $11,690 |
| Depreciation | $777 |
| Occupancy | $14,495 |
| Travel, conferences, and meetings | $4,932 |
| Printing and publications | $1,077 |
| Other expenses | $140,283 |
| Total operating and administrative expenses | $307,255 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $307,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,040 |
| Savings and temporary cash investments | $137,329 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,866,463 |
| Net Land, buildings, and equipment | $971 |
| Other assets | $0 |
| Total assets | $12,321,564 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $17,929 |
| Total liabilities | $17,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |