Second Mile Development INC EIN 63-0941885

Second Mile Development INC

EIN  63-0941885 Public charity (501(c)(3)) Huntsville, AL
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Size
$1–10M
What they do
Uniting people with God and each other for better lives through faith.
Leadership
Bill McDowell · Executive Di · $75K
Money in and out
$1.6M revenue, $1.4M expenses
Bottom line
98% program efficiency

Uniting people with God and each other for better lives through faith. For fiscal year 2024 it reported $1.6M in revenue, $1.4M in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $209K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +314% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▲ +25%
Expenses
$1.4M
FY2024▲ +12%
Total assets
$1.4M
FY2024▼ -6%
Total liabilities
$29K
FY2024▼ -91%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$209K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Pride for Parents

Provided the opportunity for over 4,000 families to acquire clothing, household items, or funriture by shopping and participating in programs at the neighborhood store. Through the kid kit program, 500 children were able to get school supplies at a discounted cost to their parents.

$946Kprogram expense
02

Second Mile Preschool

Taught preschool aged children music, art, computer, spanish, and fundamentals for early childhood education to 36 enrolled students. Provided one month of "summer safe playtime" to numerous students throguh the volunteer efforts of local youth groups.

$128Kprogram expense
03

Parent Initiative

Assists 3 local schools through providing parent parties, pta assistance, accelerated reading programs, and other school related events. Parent initiative also promotes the parent parties programs to schools throughout the united states, which contain parent curriculum for elementary schools.

$115Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Mile Development INC
EINHdr · item D63-0941885
Principal addressHdr · item CHuntsville, AL
WebsiteHdr · item Jsecondmile.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P400)
Ruling yearIRS BMFJul 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$74,775Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Bill McDowell’s $75K as Executive Di is at the 15th percentile of top reported officer pay among 3864 $1–10M human services 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Bill McDowell$74,775$61,811$88,495$88,405

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
Contributions & grants$911K · 58%
Program service revenue$662K · 42%
Contributions & grants58%$911K
Program service revenue42%$662K
Investment income$6K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.3M
Management & general2%$22K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$730K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$29K
Total net assetsLn 32$1.3M
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $730K · Operating expenses/yr $1.4M
6.5 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.4M
98%
Management & General
Management & general $22K · Total expenses $1.4M
2%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $707K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $911K · Total revenue $1.6M
58%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $662K · Total revenue $1.6M
42%
Investment reliance
Investment income $6K · Total revenue $1.6M
0%
Program self-sufficiency
Program service revenue $662K · Total expenses $1.4M
49%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.3M
+25%
Revenue CAGR
FY2020 $1.2M · FY2024 $1.6M
+6%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.4M
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bill McDowell · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $1.4M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $864K · Total expenses $1.4M
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 25%

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 4 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
FY2024 (Latest)$1.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021not on file
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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