Second Chance Inc
- Assets
- $23.4m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 233
- Location
- Baltimore, MD
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 52-2276640
Organization Overview
Second Chance Inc is located in Baltimore, MD. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2022, Second Chance Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Second Chance Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JOB TRAINING AND WORKFORCE DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB TRAINING IN BUILDING DECONSTRUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Foster Executive Director/member | Officer | 40 | $254,000 |
Clayton Shelhoss COO | Officer | 40 | $141,500 |
Mark Lavelle Director | Trustee | 2 | $0 |
Diane Nease Director | Trustee | 0 | $0 |
David Epstein Director | Trustee | 0 | $0 |
Matthew Franke Secretary Treasurer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logo Demolition Llc Demolition | 12/30/22 | $1,527,662 |
300 Painting And Remodeling Llc Painting And Remodeling | 12/30/22 | $816,739 |
Av Painting And Remodeling Llc Painting And Remodeling | 12/30/22 | $394,402 |
Penske Truck Leasing Co Lp Truck Leasing | 12/30/22 | $424,770 |
Tg Enterprise Llc Residential Demolition Services | 12/30/22 | $232,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $838,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,154,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,992,213 |
| Total Program Service Revenue | $6,440,226 |
| Investment income | $10,123 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,442,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $254,000 |
| Compensation of current officers, directors, key employees. | $38,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,279,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,619 |
| Payroll taxes | $391,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160,348 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,512,017 |
| Advertising and promotion | $46,786 |
| Office expenses | $270,841 |
| Information technology | $53,810 |
| Royalties | $0 |
| Occupancy | $509,477 |
| Travel | $1,024,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,825 |
| Interest | $205,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,737 |
| Insurance | $523,781 |
| All other expenses | $156,309 |
| Total functional expenses | $11,900,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,205 |
| Savings and temporary cash investments | $2,325,045 |
| Pledges and grants receivable | $7,291,609 |
| Accounts receivable, net | $367,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,416,565 |
| Prepaid expenses and deferred charges | $69,793 |
| Net Land, buildings, and equipment | $10,650,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,418,043 |
| Accounts payable and accrued expenses | $859,675 |
| 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 | $4,678,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,694 |
| Total liabilities | $5,653,704 |
| Net assets without donor restrictions | $17,764,339 |
| 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 | $23,418,043 |