Second Chance Inc
- Assets
- $23.0m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 241
- Location
- Baltimore, MD
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 52-2276640
Organization Overview
Second Chance Inc is located in Baltimore, MD. The organization was established in 2001. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Second Chance Inc employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Chance 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, Second Chance Inc generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
JOB TRAINING AND WORKFORCE DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB TRAINING IN BUILDING DECONSTRUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Foster Executive Director/member | Officer | 40 | $254,000 |
Andrew Todtz President | Officer | 2 | $0 |
Michael Maloney Vice President | Officer | 2 | $0 |
Mark Lavelle Director | Trustee | 2 | $0 |
Diane Nease Director | Trustee | 2 | $0 |
David Epstein Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logo Demolition Llc Demolition | 12/30/21 | $1,199,058 |
Av Painting And Remodeling Llc Painting And Remodeling | 12/30/21 | $421,577 |
Jl Painting Jose Rivas Subcontract Labor | 12/30/21 | $708,195 |
Miles And Stockbridge Pc Legal Services | 12/30/21 | $195,800 |
Blackstone Services Derek Copeland Construction | 12/30/21 | $111,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $853,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,832,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,685,297 |
| Total Program Service Revenue | $5,578,104 |
| Investment income | $1,127 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,264,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $254,000 |
| Compensation of current officers, directors, key employees. | $38,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,009,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,019 |
| Payroll taxes | $359,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $567,140 |
| Advertising and promotion | $66,452 |
| Office expenses | $290,363 |
| Information technology | $59,651 |
| Royalties | $0 |
| Occupancy | $287,902 |
| Travel | $782,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $142,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,665 |
| Insurance | $487,424 |
| All other expenses | $595,796 |
| Total functional expenses | $11,179,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,817,174 |
| Savings and temporary cash investments | $1,298,321 |
| Pledges and grants receivable | $7,353,750 |
| Accounts receivable, net | $481,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,294,614 |
| Prepaid expenses and deferred charges | $127,064 |
| Net Land, buildings, and equipment | $10,598,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,971,247 |
| Accounts payable and accrued expenses | $833,955 |
| 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 | $4,810,009 |
| Unsecured mortgages and notes payable | $838,125 |
| Other liabilities | $266,505 |
| Total liabilities | $6,748,594 |
| Net assets without donor restrictions | $16,222,653 |
| 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 | $22,971,247 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Second Chance Inc has recieved totaling $282,120.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $138,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: EMPLOYMENT | $25,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $17,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $15,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Generation Usa Washington, DC | $17,938,466 | $7,677,123 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Opportunity At Work Inc Washington, DC | $8,759,075 | $9,572,974 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Urban Alliance Foundation Inc Washington, DC | $17,000,062 | $13,601,733 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Employ Prince Georges Largo, MD | $4,258,774 | $8,835,926 |