Second Chance Foundation Inc
- Assets
- $39.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2012
- Data as of
- 12/2018
- EIN
- 27-3319840
Organization Overview
Second Chance Foundation Inc is located in Philadelphia, PA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Second Chance Foundation 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 12/2018, Second Chance Foundation Inc generated $90.0 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 (69.9%) each year. All expenses for the organization totaled $12.0 during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (86.3%) per year over the past 4 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
2018
Describe the Organization's Program Activity:
Part 3
IN 2017 SCF CEASED OPERATIONS. SCF IS EXPECTED TO DISSOLVE IN 2019 AND DISTRIBUTE ALL REMAINING ASSETS IN ACCORDANCE WITH APPLICABLE STATUTES. SEE ATTACHED DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Brown Board Member | 0.05 | $0 | |
Wayne Geisser CPA Treasurer | 0.75 | $0 | |
Mitchell Kaplan ESQ Board Member | 0.05 | $0 | |
David Maser ESQ Secretary | 0.05 | $0 | |
Michael Weiss Board Member | 0.05 | $0 | |
Gary Zlotnick Board Member | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $90 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12 |
| Total expenses | $12 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,497 |
| Other assets | $0 |
| Total assets | $39,497 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,497 |