Second Chance Farm FY2021 filing

Tax-deductible

Granbury, TX501(c)(3)AnimalsEIN 46-1170928

Provided life care including veterinary, feed, shelter to needy animals

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
4 of 5
filings with a surplus
Average surplus $67K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $44K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
+3% vs prior year
Spent
$279K
To programs
100%
Net assets
$214K
By yearFY2020–FY2024
Revenue
$311K
FY2021▲ +3%
Revenue by fiscal year
FY2020$303K
FY2021$311K
FY2022$370K
FY2023$617K
FY2024$338K
Expenses
$279K
FY2021▲ +7%
Expenses by fiscal year
FY2020$262K
FY2021$279K
FY2022$267K
FY2023$399K
FY2024$398K
Net assets
$214K
FY2021▲ +18%
Net assets by fiscal year
FY2020$182K
FY2021$214K
FY2022$318K
FY2023$536K
FY2024$477K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Aug 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $279K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$30,000Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary Tr
$0Pt VII · Sec A

Sandra Walker’s $36K as President is at the 38th percentile of top reported officer pay among 1220 $100K–1M animals 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

NameFY2024FY2023FY2022FY2021FY2020
Sandra Walker$36,000$36,000$30,000$30,000$30,000
Chris Follis$6,000————

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.

See Second Chance Farm 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 veterinary care, food, and shelter to animals in need.

Provided by the organization

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1 program service account for $279K of program spending, described in the organization's own filed words · FY2021.
01

Provided life care including veterinary, feed, shelter to needy animals

$279Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$44K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$311K
Ln 12
Gifts and grantsLn 1h$270K
Other incomeLn 4–11$33K
Fees for servicesLn 2g$7K
Money outPt IX
$279K
Ln 25
Programscol B$279K
Owns and owesPt X
$214K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$217K
LiabilitiesLn 26$3K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Fees for servicesLn 2g$7K
Other incomeLn 4–11$33K
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$89K
Other assetsLn 15$85
Total assetsLn 16$217K
LiabilitiesLn 26$3K
Net assetsLn 32$214K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$98K$119K
Land, buildings, equipmentLn 10c$78K$89K
Total assetsLn 16$185K$217K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$182K$214K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$38K$38K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$726$726
Office expensesLn 13$2K$2K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$120K$120K
All other expensesLn 24e$50K$50K
Total functional expensesLn 25$279K$279K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $338K$398K−$60K$477K 990 PDF
FY2023 $617K$399K$218K$536K 990 PDF
FY2022 $370K$267K$104K$318K 990 PDF
FY2021 Viewing $311K$279K$32K$214K 990 PDF
FY2020 $303K$262K$41K$182K 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 (4 parts)
Part VIII · Statement of revenue $310,942 across 5 lines filed
VIII-1f All other contributions, gifts and grants$270,310
VIII-1h Total contributions, gifts and grants$270,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,310$7,310
VIII-8 Net income from fundraising events$33,322
VIII-12 Total revenueRelated to mission $7,310$310,942
Part IX · Statement of functional expenses $278,780 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,000$30,000
IX-7 Other salaries and wagesPrograms $38,070$38,070
IX-10 Payroll taxesPrograms $5,585$5,585
IX-11b Legal feesPrograms $2,425$2,425
IX-12 Advertising and promotionPrograms $726$726
IX-13 Office expensesPrograms $2,330$2,330
IX-16 OccupancyPrograms $9,328$9,328
IX-22 Depreciation, depletion and amortizationPrograms $13,852$13,852
IX-23 InsurancePrograms $6,285$6,285
IX-24 Other expenses (24a–d)Programs $120,181$120,181
IX-24e All other expensesPrograms $49,998$49,998
IX-25 Total functional expensesPrograms $278,780 · Management $0 · Fundraising $0$278,780
Part X · Balance sheet $216,928 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $98,350$119,020
X-9 Prepaid expenses and deferred chargesStart of year $8,591$8,591
X-10c Land, buildings and equipment, netStart of year $77,762$89,232
X-15 Other assetsStart of year $85$85
X-16 Total assetsStart of year $184,788$216,928
X-25 Other liabilitiesStart of year $2,807$2,785
X-26 Total liabilitiesStart of year $2,807$2,785
X-27 Net assets without donor restrictionsStart of year $181,981$214,143
X-32 Total net assets or fund balancesStart of year $181,981$214,143
X-33 Total liabilities and net assetsStart of year $184,788$216,928
Part XI · Reconciliation of net assets $214,143 net assets at year end
XI-1 Total revenue$310,942
XI-2 Total expenses$278,780
XI-3 Revenue less expenses$32,162
XI-4 Net assets at start of year$181,981
XI-10 Net assets at end of year$214,143

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

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