2nd Chance Ms Inc
- Assets
- $312.3k
- Revenue
- $337.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Oxford, MS
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2718924
Organization Overview
2nd Chance Ms Inc is located in Oxford, MS. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2nd Chance MS 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, 2nd Chance MS Inc generated $337.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $254.3k during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 6 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.
Since 2018, 2nd Chance MS Inc has awarded 15 individual grants totaling $233,057. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
2ND CHANCE MS WILL RAISE AWARENESS AND FUNDS FOR ADULT EDUCATION AND WORK SKILL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT BASIC EDUCATION AND SKILL CERTIFICATION PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine C Beals Director Of Development | OfficerTrustee | 40 | $70,000 |
David Z Scruggs Executive Director | OfficerTrustee | 40 | $0 |
Richard F Scruggs Chairman | OfficerTrustee | 20 | $0 |
Sam Thomas Board Member | Trustee | 2 | $0 |
Andrew Mullins Board Member | Trustee | 1 | $0 |
Colleen Hartfield Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,410 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,003 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,468 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,029 |
| 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 | $41,875 |
| Advertising and promotion | $710 |
| Office expenses | $4,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,689 |
| Travel | $491 |
| 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 | $150 |
| All other expenses | $53 |
| Total functional expenses | $254,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,324 |
| Savings and temporary cash investments | $0 |
| 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 | $312,324 |
| 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 | $1,687 |
| Total liabilities | $1,687 |
| Net assets without donor restrictions | $310,637 |
| 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 | $312,324 |
Grants Awarded
Over the last fiscal year, 2nd Chance Ms Inc has awarded $81,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Ellisville, MS PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS | $25,000 |
Moorhead, MS PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS | $18,750 |
Wesson, MS PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS IN THE UTILITY LINEMEN PROGRAM | $15,000 |
Fulton, MS PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS | $12,500 |
EAST MISSISSIPPI COMMUNITY COLLEGE PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 2nd Chance Ms Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Sally And Dick Molpus Foundation Philadelphia, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
Tech901 Memphis, TN | $1,670,427 | $1,939,069 |
Literacy Mid South Inc Memphis, TN | $1,670,875 | $1,146,029 |
Proclaiming Justice To The Nations Inc Franklin, TN | $156,911 | $1,213,248 |
Community Venture Foundation Fayetteville, AR | $1,290,105 | $1,458,049 |
Louisana Academy Of Continuing Dental Education Inc New Orleans, LA | $493,490 | $889,509 |
Broc Foundation Inc Baton Rouge, LA | $351,148 | $850,347 |
Midwest Nursing Research Society Inc Brentwood, TN | $927,711 | $688,934 |
Momentum Alumnae Program Inc Birmingham, AL | $678,486 | $635,148 |
Coalition For A Prosperous Mississippi Jackson, MS | $9,111 | $551,559 |