Second Chance Shop
- Assets
- $341.5k
- Revenue
- $414.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Summerville, SC
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 26-2480593
Organization Overview
Second Chance Shop, operating under the name Second Chance Thrift Shop, is located in Summerville, SC. The organization was established in 2008. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Chance Thrift Shop 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, Second Chance Thrift Shop generated $414.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $333.2k during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 5 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
THE MISSION OF SECOND CHANCE THRIFT SHOP IS TO GENERATE FUNDS THROUGH THE SALE OF DONATED ITEMS. GENERATED FUNDS ARE THEN DISTRIBUTED TO LOCAL NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING SECOND CHANCE THRIFT SHOP - THE GOAL OF THE SHOP IS TO RAISE FUNDS FOR OUR COMMUNITY SUPPORT AWARDS. THE SHOP ALSO HAS A MISSION TO KEEP PRICES VERY REASONABLE. WE WANT MEMEBERS OF OUR COMMUNITY THAT NEED CLOTHING, AT VERY REASONABLE PRICES, TO ALWAYS BE ABLE TO SHOP WITH US.
COMMUNITY SUPPORT VOUCHERS - COMMUNITY ORGANIZATIONS, THAT SUPPORT OUR MISSION, ARE GIVEN $20 VOUCHERS TO BE GIVEN TO THEIR CLIENTS AS NEEDED. THESE VOUCHERS ARE USED BY THE INDIVIDUAL TO PURHCASE NEEDED ITEMS AT SECOND CHANCE THRIFT SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Elkins Boardmember | Trustee | 4 | $0 |
Will Humphries Boardmember | Trustee | 4 | $0 |
Connie Holmes Boardmember | Trustee | 4 | $0 |
Marsha Barrington Boardmember | Trustee | 4 | $0 |
Naomi Nimmo President | Officer | 4 | $0 |
Julie Dugan Vice President | Officer | 4 | $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 | $1,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,273 |
| Total Program Service Revenue | $0 |
| Investment income | $8,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $404,832 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207,360 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,297 |
| Office expenses | $22,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,950 |
| All other expenses | $0 |
| Total functional expenses | $333,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,876 |
| Savings and temporary cash investments | $164,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,530 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $516 |
| Total liabilities | $516 |
| Net assets without donor restrictions | $341,014 |
| Net assets with donor restrictions | $0 |
| 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 | $341,530 |
Grants Awarded
Over the last fiscal year, Second Chance Shop has awarded $180,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KATIE'S KROPS PURPOSE: OPERATING EXPENSES | $25,000 |
DOORS TO FREEDOM PURPOSE: OPERATING EXPENSES | $55,000 |
DORCHESTER COUNTY COMMUNITY OUTREACH PURPOSE: OPERATING EXPENSES | $50,000 |
MEALS ON WHEELS OF SUMMERVILLE INC PURPOSE: OPERATING EXPENSES | $50,000 |