Second Growth INC EIN 02-0519093 Form 990 (PDF) Claim this org

Second Growth INC FY2023 filing

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Provides prevention, counseling, and support to reduce adolescent substance abuse and violence. For fiscal year 2023 it reported $376K in revenue, $434K in expenses, and $28K in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
Hanover, NH
Website
www.secondgrowth.org
Filings
5 on file (2021–2023)
Revenue
$376KFY2023
Expenses
$434K
Net assets
$28K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  02-0519093 Public charity (501(c)(3)) Hanover, NH
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides prevention, counseling, and support to reduce adolescent substance abuse and violence.
Leadership
Heidi Postupack · Executive Director · $79K
Money in and out
$376K revenue, $434K expenses
Bottom line
59% program efficiency
Where the money goes · FY2023
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$58K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.10 Fundraising $0.30
Program efficiency
59%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$376K
FY2023▲ +17%
Expenses
$434K
FY2023▲ +49%
Total assets
$36K
FY2023▼ -62%
Total liabilities
$8K
FY20230%
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$58K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $258K of program spending, described in the organization's own filed words · FY2022.
01

Development of effective risk prevention programs in areas of substance abuse, interpersonal violence, and suicide. Training was provided to over 2,000 children and adults.

$258Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Growth INC
EINHdr · item D02-0519093
Principal addressHdr · item CHanover, NH
WebsiteHdr · item Jwww.secondgrowth.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I21)
Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$78,654Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Heidi Postupack’s $93K as Executive Director is at the 72nd percentile of top reported officer pay among 1398 $100K–1M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Heidi Postupack$93,300$86,000
Heidi Postupack$78,654$86,923$84,846

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$248K · 66%
Contributions & grants$124K · 33%
Other revenue$5K · 1%
Program service revenue66%$248K
Contributions & grants33%$124K
Other revenue1%$5K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.10 Fundraising $0.30
Program services59%$258K
Management & general10%$44K
Fundraising30%$132K
Total functional expensesLn 25$434K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$36K
Total liabilitiesLn 26$8K
Total net assetsLn 32$28K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $434K
0.9 months
Where the money goes
Program services
Program services $258K · Total expenses $434K
59%
Management & General
Management & general $44K · Total expenses $434K
10%
Fundraising
Fundraising $132K · Total expenses $434K
30%
Cost to raise $1
Fundraising expense (3-yr avg) $94K · Solicited contributions (3-yr avg) $123K
$0.76 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $376K
33%
Government reliance
Government grants — · Total revenue $376K
Earned-income share
Program service revenue $248K · Total revenue $376K
66%
Investment reliance
Investment income $0 · Total revenue $376K
0%
Program self-sufficiency
Program service revenue $248K · Total expenses $434K
57%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $321K
+17%
Net-asset trend (YoY)
End of year $28K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $434K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $36K
Net-asset ratio
Net assets $28K · Total assets $36K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $36K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Heidi Postupack · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $79K · Total expenses $434K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $364K · Total expenses $434K
84%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 10%
Fundraising cost ratio 107%
Revenue growth 17%
Legal fee ratio <0.01%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$456K revenue · ⤓ 990 PDF
FY2024$595K revenue · ⤓ 990 PDF
FY2023$376K revenue · viewing · ⤓ 990 PDF
FY2022$321K revenue · ⤓ 990 PDF
FY2021$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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