My Second Chance INC

Dallas, TX · Public charity (501(c)(3)) · Mental Health

✕ IRS exemption revoked Latest data FY2022
Revenue
$263K
▼ -50% vs prior year
Spent
$276K
To programs
68%
Net assets
$-16K
IRS revoked this organization's tax-exempt status on May 15, 2026

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2026-05-15)
On the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Foundation funders?
1 funder — Richmond County Savings Foundation
$5K in the latest grant year.
Spent on programs?
68% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -50% vs prior year
Legal name (IRS)Hdr · item CMy Second Chance INC
EINHdr · item D75-2850274
Exempt statusHdr · item IRevoked
Ruling yearIRS BMFFeb 2000
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CDallas, TX
NTEE classificationIRS BMFMental Health (F20)
WebsiteHdr · item Jwww.mysecondchance.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$187K
Management & general32%$89K
Total functional expensesLn 25$276K

Financial health

Revenue & expenses by yearFY2020–FY2022
Revenue
$263K
FY2022▼ -50%
Expenses
$276K
FY2022▼ -44%
Program efficiency
68%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +89% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -181% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$38K
FY2022▲ +2%
Total liabilities
$54K
FY2022▲ +34%
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$38K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$38K
Total liabilitiesLn 26$54K
Total net assetsLn 32$-16K
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Contributions & grants$238K · 90%
Program service revenue$26K · 10%
Contributions & grants90%$238K
Program service revenue10%$26K
— government grantsLn 1e$235K
Total revenueLn 12$263K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $38K · Operating expenses/yr $276K
1.7 months
Where the money goes
Program services
Program services $187K · Total expenses $276K
68%
Management & General
Management & general $89K · Total expenses $276K
32%
Fundraising
Fundraising $0 · Total expenses $276K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $238K · Total revenue $263K
90%
Government reliance
Government grants $235K · Total revenue $263K
89%
Earned-income share
Program service revenue $26K · Total revenue $263K
10%
Investment reliance
Investment income $0 · Total revenue $263K
0%
Program self-sufficiency
Program service revenue $26K · Total expenses $276K
9%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $529K
-50%
Net-asset trend (YoY)
End of year $-16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $276K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $38K
—
Net-asset ratio
Net assets $-16K · Total assets $38K
-42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $38K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Vernon · Reported title Board Member · Highest reported compensation $0 · Total expenses $276K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $193K · Total expenses $276K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 32%——
Fundraising cost ratio 0%——
Revenue growth -50%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.4%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Peer Support
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director of Operation
$0Pt VII · Sec A
See My Second Chance INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
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

Mission and programs

Helps women facing incarceration, addiction, homelessness, or violence rebuild their lives.

Provided by the organization

This section is blank until My Second Chance INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2022.
01

The Organizatio provided the following services in 2022. Peer support staff screened 4 women for safe connect domestic violence project and provided emergency shelter to 4 families. Peer Support staff facilitated substance abuse groups to 106 women living in shelters and transitional housing facilities.

$187Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5K

Filing history

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $263K$276K-50% 990 PDF
FY2021 $529K$496K-0.6% 990 PDF
FY2020 $532K$542K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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