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Second Street & Hope INC FY2022 filing

Tax-deductible

Jefferson, MD501(c)(3)Mental HealthEIN 33-1027333

To alleviate the pain of personal poverty through emergency provision, and eliminate the problem of persistent poverty through personal mentoring and education.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $22K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
+8% vs prior year
Spent
$111K
To programs
80%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$117K
FY2022▲ +8%
Revenue by fiscal year
FY2020$103K
FY2021$108K
FY2022$117K
FY2023$96K
FY2024$83K
FY2024$130K
Expenses
$111K
FY2022▲ +40%
Expenses by fiscal year
FY2020$91K
FY2021$80K
FY2022$111K
FY2023$149K
FY2024$184K
FY2024$118K
Net assets
$1.9M
FY2022▼ -21%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.4M
FY2022$1.9M
FY2023$2.0M
FY2024$2.3M
FY2024$2.5M

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $89K Management & general 20% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Patrick O'Toole
Vice Preside
$0Pt VII · Sec A
Jamie Eaton
Secretary/ E
$0Pt VII · Sec A
Ken Switzer
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill James
Director
$0Pt VII · Sec A
See Second Street & Hope INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides emergency aid and mentoring to end poverty.

Provided by the organization

This section is blank until Second Street & Hope INC claims this page.

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1 program service account for $89K of program spending, described in the organization's own filed words · FY2021.
01

Second street & hope is able to feed, clothe, shelter and provide spiritual guidance for the homeless, addicted and working poor of frederick.

$89Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 38 grants · $350K · 2019–2024
Crossroads Freedom CenterFY2024$5,000
Frederick County Public SchoolsFY2024$2,493
Living Water Shower MinistryFY2024$1,002
City Youth Matrix CorporationFY2024$244
United Way of Frederick County IncorporatedMD · FY2023$40,000
Living Water Shower Ministry INCMD · FY2023$25,000
Second Chances Garage INCMD · FY2023$10,000
Frederick County Public SchoolsFY2023$9,000
Crossroads Freedom CenterFY2023$8,000
SoarFY2023$5,000
Literacy Council of FrederickFY2023$5,000
City Youth Matrix CorpMD · FY2023$5,000
Children of Incarcerated ParentsFY2023$5,000
Interfaith Housing Alliance INCMD · FY2023$5,000
Advocates for Homeless Families INCMD · FY2023$5,000
Life and Discovery INCMD · FY2023$2,500
Each 1 Teach 1 INCFY2023$2,200
Glioblastoma Foundation INCNC · FY2023$500
See all 38 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$117K
Ln 12
Investment incomeLn 3$108K
Gifts and grantsLn 1h$8K
Money outPt IX
$111K
Ln 25
Programscol B$89K
Managementcol C$22K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Investment incomeLn 3$108K
Gains on assetsLn 7$67K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$87K
Cash and savings togetherLn 1–2$87K
InvestmentsLn 11–13$1.8M
Other assetsLn 15−$847
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$50K$87K
InvestmentsLn 11–13$2.4M$1.8M
Total assetsLn 16$2.4M$1.9M
LiabilitiesLn 26$1K$0
Net assetsLn 32$2.4M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K$46K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$17K$17K
Office expensesLn 13$100$100
Information technologyLn 14$2K$2K
Conferences, conventions and meetingsLn 19$200$200
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$1K$936$351
Total functional expensesLn 25$111K$89K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $83K$184K−$101K$2.3M 990 PDF
FY2023 $96K$149K−$53K$2.0M 990 PDF
FY2022 Viewing $117K$111K$5K$1.9M 990 PDF
FY2021 $108K$80K$28K$2.4M 990 PDF
FY2020 $103K$91K$12K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $116,520 across 5 lines filed
VIII-1f All other contributions, gifts and grants$8,410
VIII-1h Total contributions, gifts and grants$8,410
VIII-3 Investment incomeExcluded from tax $41,437$41,437
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,673$66,673
VIII-12 Total revenueExcluded from tax $108,110$116,520
Part IX · Statement of functional expenses $111,315 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $45,796$45,796
IX-11c Accounting feesManagement $1,100$1,100
IX-11f Investment management feesManagement $16,508$16,508
IX-13 Office expensesManagement $100$100
IX-14 Information technologyManagement $1,718$1,718
IX-19 Conferences, conventions and meetingsManagement $200$200
IX-23 InsuranceManagement $1,944$1,944
IX-24 Other expenses (24a–d)Programs $42,662$42,662
IX-24e All other expensesPrograms $936 · Management $351$1,287
IX-25 Total functional expensesPrograms $89,394 · Management $21,921 · Fundraising $0$111,315
Part X · Balance sheet $1,907,721 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $49,561$86,756
X-11 Publicly traded securitiesStart of year $2,359,024$1,821,812
X-15 Other assets−$847
X-16 Total assetsStart of year $2,408,585$1,907,721
X-26 Total liabilitiesStart of year $1,418$0
X-27 Net assets without donor restrictionsStart of year $2,407,167$1,907,721
X-32 Total net assets or fund balancesStart of year $2,407,167$1,907,721
X-33 Total liabilities and net assetsStart of year $2,408,585$1,907,721
Part XI · Reconciliation of net assets $1,907,721 net assets at year end
XI-1 Total revenue$116,520
XI-2 Total expenses$111,315
XI-3 Revenue less expenses$5,205
XI-4 Net assets at start of year$2,407,167
XI-5 Net unrealized gains (losses) on investments−$503,799
XI-8 Prior period adjustments−$852
XI-10 Net assets at end of year$1,907,721

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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