Second Chance Foundation
- Assets
- $8.7m
- Revenue
- $104.0k
- Investments
- $8.6m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 59-2708392
Organization Overview
Second Chance Foundation is located in Naples, FL. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Chance Foundation 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 Foundation generated $104.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $615.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Second Chance Foundation has awarded 36 individual grants totaling $1,296,285. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAR WISCONSIN - LEAD GRANT FOR THE ESTABLISHMENT OF THE COMMUNITY'S MOBILE AUDIOLOGY CLINIC
NAPLES BOTANICAL GARDENS - SUPPORT FOR THE CHILDREN'S GARDEN TO DEVELOP AND CONSERVE COLLECTIONS AND HABITATS OF FLORA AND CULTURES BETWEEN THE 26TH LATITUDES
ARCH - LEAD GRANT FOR THE ICDI TO SERVICE THE NEEDS OF THE INDIVIDUALS WITH DISABILITIES AND THEIR FAMILES
WI HERO OUTDOORS - GRANT TO PURCHASE SNOW SHOES AND GATOR TO BE PROVIDED TO VETERANS, FIRST RESPONDERS AND THEIR FAMILIES FOR CONNECTION WITH OUTDOOR EVENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $222,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$119,003 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $997 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,312 |
| Printing and publications | $0 |
| Other expenses | $20,809 |
| Total operating and administrative expenses | $191,575 |
| Contributions, gifts, grants paid | $424,285 |
| Total expenses and disbursements | $615,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,543 |
| Savings and temporary cash investments | $5,243 |
| 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 | $377,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,734,946 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Second Chance Foundation has awarded $424,285 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC PALM COTTAGE NAPLES PURPOSE: PROGRAM SUPPORT | $300 |
GOLDEN PAWS ASSISTANCE DOGS PURPOSE: PROGRAM SUPPORT | $500 |
WORKS OF MERCY PURPOSE: PROGRAM SUPPORT | $500 |
CHILDREN'S FOUNDATION WI PURPOSE: PROGRAM SUPPORT | $500 |
LACES OF LOVE PURPOSE: PROGRAM SUPPORT | $3,000 |
FORK FARMS FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |