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Second Street & Hope INC FY2021 filing

Tax-deductible

Jefferson, MD501(c)(3)Mental HealthEIN 33-1027333Revenue $108K in FY2021

On file with the IRSsecondstreetandhope.orgPo Box 305, 21755-0305 · Jefferson, MDTax-exempt since Oct 2002Private non-operating foundation

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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.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $16K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.06% 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
$108K
+5% vs prior year
Spent
$80K
To programs
75%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$108K
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$103K
FY2021$108K
FY2022$117K
FY2023$96K
FY2024$83K
FY2025$130K
Expenses
$80K
FY2021▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$91K
FY2021$80K
FY2022$111K
FY2023$149K
FY2024$184K
FY2025$118K
Net assets
$2.4M
FY2021▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.4M
FY2022$1.9M
FY2023$2.0M
FY2024$2.3M
FY2025$2.5M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $60K Management & general 25% · $20K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Patrick O'Toole
Vice Preside
$0Pt VII · Sec A
Jamie Eaton
Secretary
$0Pt VII · Sec A
Ken Switzer
Treasurer
$0Pt VII · Sec A
Bill James
Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $60K · in their own filed words · FY2020
01

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

$60Kprogram expense

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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$108K
Ln 12
Investment incomeLn 3$105K
Gifts and grantsLn 1h$3K
Money outPt IX
$80K
Ln 25
Programscol B$60K
Managementcol C$20K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1K
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$3K
Investment incomeLn 3$105K
Gains on assetsLn 7$14K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$2.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$1K
Net assetsLn 32$2.4M
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 FY21End FY21
Cash and savingsLn 1–2$8K$50K
InvestmentsLn 11–13$2.0M$2.4M
Total assetsLn 16$2.0M$2.4M
LiabilitiesLn 26$168$1K
Net assetsLn 32$2.0M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K$45K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$16K$16K
Office expensesLn 13$163$163
Information technologyLn 14$84$84
Conferences, conventions and meetingsLn 19$200$200
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$15K$15K$120
All other expensesLn 24e$95$95
Total functional expensesLn 25$80K$60K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $130K$118K$12K$2.5M 990 PDF
FY2024 $83K$184K−$101K$2.3M 990 PDF
FY2023 $96K$149K−$53K$2.0M 990 PDF
FY2022 $117K$111K$5K$1.9M 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $107,951 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,362$2,936
I-9 Program service revenue$0
I-10 Investment incomePrior year $97,393$105,015
I-11 Other revenue$0
I-12 Total revenuePrior year $102,755$107,951
I-13 Grants and similar amounts paidPrior year $58,900$44,921
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,237$34,646
I-18 Total expensesPrior year $91,137$79,567
I-19 Revenue less expensesPrior year $11,618$28,384
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $107,951 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,936
VIII-1h Total contributions, gifts and grants$2,936
VIII-3 Investment incomeExcluded from tax $91,421$91,421
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,594$13,594
VIII-12 Total revenueExcluded from tax $105,015$107,951
Part IX · Statement of functional expenses $79,567 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $44,921$44,921
IX-11c Accounting feesManagement $1,050$1,050
IX-11f Investment management feesManagement $16,409$16,409
IX-13 Office expensesManagement $163$163
IX-14 Information technologyManagement $84$84
IX-19 Conferences, conventions and meetingsManagement $200$200
IX-23 InsuranceManagement $1,944$1,944
IX-24 Other expenses (24a–d)Programs $14,581 · Management $120$14,701
IX-24e All other expensesManagement $95$95
IX-25 Total functional expensesPrograms $59,502 · Management $20,065 · Fundraising $0$79,567
Part X · Balance sheet $2,408,585 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,435$49,561
X-11 Publicly traded securitiesStart of year $1,996,181$2,359,024
X-16 Total assetsStart of year $2,023,850$2,408,585
X-17 Accounts payable and accrued expensesStart of year $168$1,418
X-26 Total liabilitiesStart of year $168$1,418
X-27 Net assets without donor restrictionsStart of year $2,023,682$2,407,167
X-32 Total net assets or fund balancesStart of year $2,023,682$2,407,167
X-33 Total liabilities and net assetsStart of year $2,023,850$2,408,585
Part XI · Reconciliation of net assets $2,407,167 net assets at year end
XI-1 Total revenue$107,951
XI-2 Total expenses$79,567
XI-3 Revenue less expenses$28,384
XI-4 Net assets at start of year$2,023,682
XI-5 Net unrealized gains (losses) on investments$355,101
XI-10 Net assets at end of year$2,407,167

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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