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Second Chance Foundation EIN 31-1494451 Form 990 (PDF) Claim this org

Second Chance Foundation

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A private foundation based in Covington, LA. It reported about $175K in revenue for 2025. For fiscal year 2025 it reported $175K in revenue, $175K in expenses, and $718 in net assets.Pt I

Type
Private foundation / grantmaker · Education
Location
Covington, LA
Filings
6 on file (2020–2025)
Revenue
$175KFY2025
Expenses
$175K
Net assets
$718
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  31-1494451 Private foundation / grantmaker Covington, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Covington, LA. It reported about $175K in revenue for 2025.
Leadership
Michael G Sanderson · Director / President
Money in and out
$175K revenue, $175K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$718
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$226
Total assets
718
deployed as grants and operations
Grants paid
170K
in FY2025
Grants made
17grants
total in period
Payout rate
23697%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $170K · 2025–2025
Bridge HouseFY2025$69,500
Upward Community Services INCFY2025$44,969
Solutions of FolsomFY2025$12,000
Live Oak High SchoolFY2025$8,200
Carl CrumpFY2025$6,879
Verticle ChurchFY2025$5,000
Bogalusa High SchoolFY2025$5,000
Turn Around VillageFY2025$3,600
Salmen High SchoolFY2025$2,500
Kairos Prison MinistriesFY2025$2,500
Rich Mauti Cancer FundFY2025$2,500
Northsore Food BankFY2025$2,500
Second Harvest Food BankFY2025$1,500
Black and Blue Fishing ClubFY2025$1,000
Recreational Fisheries Resource InstituteFY2025$1,000
Kelly Gibson FoundationFY2025$1,000
Covington Rotary FoundationFY2025$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$10K
Median grantPart XV$2K
Largest grantPart XV$70K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$175K
FY2025▲ +21%
Expenses
$175K
FY2025▲ +20%
Total assets
$718
FY2025▼ -24%
Total liabilities
$0
FY2025
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$718
Pt X · Ln 32
Total assetsPt II$718

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Chance Foundation
EINHdr · item D31-1494451
Principal addressHdr · item CCovington, LA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJan 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Michael G Sanderson
Director / President
$0Pt VII · Sec A
David Israel
Director / Secr. - Treas.
$0Pt VII · Sec A
Allyson May
Foundation Manager
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$175K
Total revenueLn 12$175K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$170K
Operating & administrative3%$5K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$718
Total assetsLn 16$718
Total liabilitiesLn 26$0
Total net assetsLn 32$718
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $718
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $175K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $175K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $175K · Prior year $144K
+21%
Revenue CAGR
FY2020 $92K · FY2025 $175K
+14%
Net-asset trend (YoY)
End of year $718 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $175K · Expenses $175K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $718
—
Net-asset ratio
Net assets $718 · Total assets $718
100%
People & payroll
Highest Reported Total Compensation
Individual Michael G Sanderson · Reported title DIRECTOR / PRESIDENT · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 21%——

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.

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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)$175K revenue · viewing · ⤓ 990 PDF
FY2024$144K revenue · ⤓ 990 PDF
FY2023$258K revenue · ⤓ 990 PDF
FY2022$193K revenue · ⤓ 990 PDF
FY2021$126K revenue · ⤓ 990 PDF
FY2020$92K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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