Second Chance Initiative Inc
- Assets
- $193.1k
- Revenue
- $383.1k
- Investments
- $0.0
- Employees
- 33
- Location
- Boca Raton, FL
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 83-1405102
Organization Overview
Second Chance Initiative Inc is located in Boca Raton, FL. The organization was established in 2018. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Second Chance Initiative Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Chance Initiative 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 Initiative Inc generated $383.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $384.5k during the year ending 12/2021. 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
WE CREATE JOBS THAT HELP WOMEN IN RECOVERY FLORISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE ONE PROGRAM SERVICE - TO OFFER JOBS TO WOMEN IN RECOVERY. THE WOMEN WE EMPLOY HAVE OVERCOME SIGNIFICANT OBSTACLES IN THEIR LIVES, RANGING FROM ABUSE AND POST-TRAUMATIC STRESS DISORDER TO ADDICTION AND HOMELESSNESS. WE OFFER THESE JOBS THROUGH THE SOCIAL ENTERPRISE MODEL, WHICH ALLOWS US TO SELF-FUND A PORTION OF OUR PROGRAM, WHILE GIVING OUR PROGRAM PARTICIPANTS RELEVANT AND MARKETABLE WORK EXPERIENCE IN A REAL-WORLD SETTING. OUR SOCIAL ENTERPRISE IS A PRODUCT-BASED ECOMMERCE SHOP. THE MAJORITY OF OUR LADIES ARE TRANSITIONAL EMPLOYEES: WE OFFER THEM A CARING ENVIRONMENT OF STRUCTURED JOBS TO HELP THEM OVERCOME OBSTACLES TO RE-ENTERING THE WORKFORCE. THEY, FOR THE MOST PART, PERFORM ENTRY-LEVEL TASKS, LIKE CUSTOMER SERVICE AND ORDER FULFILLMENT. EACH OF THESE FUNCTIONAL AREAS IS DESIGNED TO ALLOW THE PROGRAM PARTICIPANTS TO MOVE TO A ROLE IN THE TRADITIONAL WORKFORCE. WE ALSO OFFER A SELECT NUMBER OF PROGRAM PARTICIPANTS LONGER-TERM LEADERSHIP ROLES TO WHO HELP US GROW OUR SOCIAL ENTERPRISE THEREBY CREATING MORE JOB OPPORTUNITIES. ALL OUR PROGRAM PARTICIPANTS SELF-IDENTIFY AS BEING IN RECOVERY FROM A VARIETY OF CONDITIONS. EACH IS GRATEFUL FOR THE OPPORTUNITY WE PROVIDE. WE ARE, IN TURN, BOTH HUMBLED AND THRILLED TO SEE THEIR HARD WORK BUILD A BRIGHTER FUTURE FOR THEMSELVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Malifitano President, Chairman Of The | OfficerTrustee | 0 | $0 |
Casey L Gunnell Treasurer & Director | OfficerTrustee | 0 | $0 |
Sarah Lucas Secretary & Director | OfficerTrustee | 0 | $0 |
Keely Copeland Founder & Director | Trustee | 0 | $0 |
Joel L Moses Director | Trustee | 0 | $0 |
Donna Parlapino Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,202 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $83,921 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,123 |
| 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. | $74,885 |
| Compensation of current officers, directors, key employees. | $8,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $877 |
| Payroll taxes | $26,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $5,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,980 |
| Office expenses | $20,975 |
| Information technology | $1,327 |
| Royalties | $0 |
| Occupancy | $34,875 |
| 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 | $9,087 |
| All other expenses | $600 |
| Total functional expenses | $384,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,418 |
| Prepaid expenses and deferred charges | $6,000 |
| 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 | $193,054 |
| Accounts payable and accrued expenses | $18,464 |
| 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 | $18,464 |
| Net assets without donor restrictions | $99,590 |
| Net assets with donor restrictions | $75,000 |
| 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 | $193,054 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Second Chance Initiative Inc has recieved totaling $132,100.
| Awarding Organization | Amount |
|---|---|
Stoops Family Foundation Inc Delray Beach, FL PURPOSE: QUALIFIED PURPOSE OF THE ORGANIZATION | $50,000 |
Jim Moran Foundation Inc Deerfield Beach, FL PURPOSE: WORK AND WELLNESS PROGRAM FOR WOMEN IN RECOVERY | $30,000 |
Pulte Family Charitable Foundation Boca Raton, FL PURPOSE: TO SUPPORT ITS WELLNESS WORKS PROGRAM THROUGH AN EXPANSION OF ITS DIRECT SALES EFFORTS | $26,050 |
Pulte Family Charitable Foundation Boca Raton, FL PURPOSE: TO SUPPORT ITS WELLNESS WORKS PROGRAM THROUGH AN EXPANSION OF ITS DIRECT SALES EFFORTS | $26,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Chartered Credit Unions In Florida West Palm Beach, FL | $152,179,877 | $3,866,461 |
Florida International Bankers Association Inc Fiba Miami, FL | $2,194,903 | $3,357,810 |
Protect Our Power Inc Orlando, FL | $44,843 | $1,166,585 |
Foundation For Americas Families Inc West Palm Beach, FL | $432,901 | $1,124,400 |
Coupon Information Corp Naples, FL | $1,362,850 | $708,255 |
Circle Of Brotherhood Miami, FL | $645,949 | $1,115,573 |
Textbook & Academic Authors Association Inc St Petersburg, FL | $1,855,184 | $847,167 |
Florida Alliance For Civic Engagement Inc Homestead, FL | $89,205 | $624,550 |
Second Chance Initiative Inc Boca Raton, FL | $193,054 | $383,123 |
Drum Major Institute Inc Atlanta, GA | $143,782 | $325,500 |
Veterans Resource Group Inc Forest Park, GA | $26,769 | $266,566 |
Florida Consumer Action Network Inc St Petersburg, FL | $87,478 | $0 |