Second Chance Toys Inc
- Assets
- $36.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 80-0581325
Organization Overview
Second Chance Toys Inc is located in Springfield, NJ. The organization was established in 2010. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, 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 Toys 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 Toys Inc generated $62.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MANY PLASTIC TOYS ARE DISPOSED OF WHEN THEY COULD STILL BE USED. GIVEN THE NATURE OF PLASTIC, THESE TOYS OFTEN SHOW LITTLE SIGNS OF WEAR AND ARE STILL IN GOOD WORKING CONDITION. WHEN THESE PERFECTLY USABLE TOYS ARE THROWN OUT, THEY BECOME WASTE IN A LANDFILL, TAKE UP A LOT OF SPACE AND DO NOT BIODEGRADE. HAND IN HAND WITH THIS UNNECESSARY WASTE IS THE FACT THAT MANY CHILDREN THROUGHOUT THE UNITED STATES, WHO COULD BENEFIT FROM THESE TOYS, GO WITHOUT THEM. TOYS CAN BE IMPORTANT TO A CHILD'S DEVELOPMENT AND CAN HELP WITH CREATIVITY AND IMAGINATION. SECOND CHANCE TOYS COLLECTED AND DONATED OVER 22,187 TOYS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Marin Altman Board Trustee | 1 | $0 | |
Leslie Leventman Board Trustee | 1 | $0 | |
Keren Vered Board Trustee | 1 | $0 | |
Craig Scott Board Trustee | 1 | $0 | |
Bronna Lipton Board Trustee | 5 | $0 | |
Shelly Lipton Board Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,943 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,090 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,376 |
| Total expenses | $55,218 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,392 |
| Other assets | $0 |
| Total assets | $36,892 |
| Total liabilities | $3,500 |
| Net assets or fund balances | $33,392 |