2nd Chance Ms will raise awareness and funds for adult education and work skill training.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$55K 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

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $70K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
22 mo
of spending, in cash
Looks good: 21.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $100K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$115
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
+11% vs prior year
Spent
$238K
To programs
67%
Net assets
$427K
By yearFY2020–FY2024
Revenue
$326K
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$259K
FY2021$337K
FY2022$293K
FY2023$326K
FY2024$346K
Expenses
$238K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$217K
FY2021$254K
FY2022$265K
FY2023$238K
FY2024$235K
Net assets
$427K
FY2023▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$228K
FY2021$311K
FY2022$339K
FY2023$427K
FY2024$538K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Sep 2016.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $161K Management & general 26% · $61K Fundraising 7% · $16K

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

9 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Programs
$55,000Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Sarh Lomenick’s $55K as Program Director is at the 47th percentile of top reported officer pay among 1613 $100K–1M education 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
Catherine C Beals——$37,083$70,000$70,000
Sarh Lomenick$55,000$55,000$54,002——

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 2nd Chance Ms 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises awareness and funds for adult education and job training.

Questions for 2nd Chance Ms INC

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Provided by the organization

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1 program · $161K · in their own filed words · FY2023
01

Adult basic education and skill certification programs.

$161Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 8 grants · $121K · 2020–2021
East Mississippi Community CollegeFY2021$10,000
East Mississippi Community CollegeFY2020$15,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$311K
Investment incomeLn 3$8K
Other incomeLn 4–11$7K
Money outPt IX
$238K
Ln 25
Programscol B$161K
Managementcol C$61K
Fundraisingcol D$16K
Owns and owesPt X
$427K
net assets · Ln 32
Cash and savingsLn 1–2$427K
Total assetsLn 16$427K
LiabilitiesLn 26$115
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$311K
Fundraising eventsLn 1c$140K
Investment incomeLn 3$8K
Other incomeLn 4–11$7K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$427K
Cash and savings togetherLn 1–2$427K
Other assetsLn 15$10
Total assetsLn 16$427K
LiabilitiesLn 26$115
Net assetsLn 32$427K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$339K$427K
Total assetsLn 16$339K$427K
LiabilitiesLn 26$149$115
Net assetsLn 32$339K$427K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Pay of disqualified personsLn 6$55K$33K$11K$11K
Payroll taxesLn 10$4K$3K$841$841
Legal feesLn 11b$7K$7K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$5K
OccupancyLn 16$32K$32K
TravelLn 17$2K$2K
InsuranceLn 23$150$150
Other expenses (24a–d)Ln 24$10K$360$5K$5K
Total functional expensesLn 25$238K$161K$61K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $346K$235K$111K$538K 990 PDF
FY2023 Viewing $326K$238K$88K$427K 990 PDF
FY2022 $293K$265K$28K$339K 990 PDF
FY2021 $337K$254K$83K$311K 990 PDF
FY2020 $259K$217K$42K$228K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $326,371 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $274,819$311,476
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9$8,257
I-11 Other revenuePrior year $18,099$6,638
I-12 Total revenuePrior year $292,927$326,371
I-13 Grants and similar amounts paidPrior year $113,151$122,171
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $74,458$59,207
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $77,333$56,832
I-18 Total expensesPrior year $264,942$238,210
I-19 Revenue less expensesPrior year $27,985$88,161
Part VI · Governance 6 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $326,371 across 6 lines filed
VIII-1c Fundraising events$140,418
VIII-1f All other contributions, gifts and grants$171,058
VIII-1h Total contributions, gifts and grants$311,476
VIII-3 Investment incomeExcluded from tax $8,257$8,257
VIII-8 Net income from fundraising eventsExcluded from tax $6,638$6,638
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,895$326,371
Part IX · Statement of functional expenses $238,210 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $122,171$122,171
IX-6 Pay of disqualified personsPrograms $33,000 · Management $11,000 · Fundraising $11,000$55,000
IX-10 Payroll taxesPrograms $2,525 · Management $841 · Fundraising $841$4,207
IX-11b Legal feesManagement $6,700$6,700
IX-12 Advertising and promotionPrograms $1,010$1,010
IX-13 Office expensesManagement $5,063$5,063
IX-16 OccupancyManagement $32,362$32,362
IX-17 TravelPrograms $1,592$1,592
IX-23 InsuranceManagement $150$150
IX-24 Other expenses (24a–d)Programs $360 · Management $5,056 · Fundraising $4,539$9,955
IX-25 Total functional expensesPrograms $160,658 · Management $61,172 · Fundraising $16,380$238,210
Part X · Balance sheet $426,899 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $338,771$426,889
X-15 Other assetsStart of year $0$10
X-16 Total assetsStart of year $338,771$426,899
X-17 Accounts payable and accrued expensesStart of year $2,291$2,291
X-25 Other liabilitiesStart of year −$2,142−$2,176
X-26 Total liabilitiesStart of year $149$115
X-27 Net assets without donor restrictionsStart of year $338,622$426,784
X-32 Total net assets or fund balancesStart of year $338,622$426,784
X-33 Total liabilities and net assetsStart of year $338,771$426,899
Part XI · Reconciliation of net assets $426,784 net assets at year end
XI-1 Total revenue$326,371
XI-2 Total expenses$238,210
XI-3 Revenue less expenses$88,161
XI-4 Net assets at start of year$338,622
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$426,784

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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