Second Chance Shop
- Assets
- $182.0k
- Revenue
- $265.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Summerville, SC
- Founding
- 10/2008
- Data as of
- 12/2021
- 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 12/2021, Second Chance Thrift Shop generated $265.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $166.6k during the year ending 12/2021. While expenses have increased by 27.8% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECOND CHANCE THRIFT SHOP IS OPERATED WITH MISSION OF GENERATING FUNDS THROUGH THE SALE OF DONATED ITEMS. GENERATED FUNDS ARE THEN DISTRIBUTED LOCAL NON-PROFITS THAT ASSIST THOSE MOST IN NEED IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAVE/DONATED $101,068 TO NONPROFIT ORGANIZATIONS IN OUR AREA.
GAVE/DONATED $101,068 TO NONPROFIT ORGANIZATIONS IN OUR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naomi Nimmo President | Officer | 3 | $0 |
Julie Dugan Vice President | Officer | 3 | $0 |
Janyce Hursey Treasurer | Officer | 5 | $0 |
Judi Balding Secretary | Trustee | 3 | $0 |
Marsha Barrington Board Member | Trustee | 3 | $0 |
Connie Holmes Board Member | Trustee | 3 | $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 | $2,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,557 |
| Total Program Service Revenue | $0 |
| Investment income | $134 |
| 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 | $262,758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,068 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,817 |
| Office expenses | $4,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,939 |
| 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 | $1,085 |
| All other expenses | $0 |
| Total functional expenses | $166,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,532 |
| 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 | $87,438 |
| Total assets | $181,970 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $181,970 |
| 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 | $181,970 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Second Chance Shop has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Union Mission Corporation Hcsr Atlanta, GA | $60,885,484 | $20,504,830 |
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Guardian Angel Thrift Fuquay Varina, NC | $1,635,752 | $2,673,935 |
Chatham Pta Thrift Shop Inc Siler City, NC | $1,001,947 | $1,744,375 |
East Cooper Home Store Inc Mount Pleasant, SC | $431,257 | $1,756,791 |
Seeds Of Mustard Ministries Corporation Cary, NC | $918,004 | $1,738,508 |
American Home Furnishings Hall Of Fame Foundation Inc High Point, NC | $6,073,735 | $3,252,692 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |
Mamas House Of Thrift Lillington, NC | $243,278 | $906,675 |
Because He Lives Ministry Inc Hazlehurst, GA | $190,247 | $766,611 |
Injoy Thrift Goldsboro Inc Goldsboro, NC | $177,037 | $809,040 |