Second Chancer Foundation INC EIN 88-3266733

Second Chancer Foundation INC FY2022 filing

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Promotes empathy for justice-impacted individuals by sharing incarceration experiences. For fiscal year 2022 it reported $254K in revenue, $51K in expenses, and $203K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Palmyra, VA
Website
second-chancer.org
Filings
3 on file (2022–2022)
Revenue
$254KFY2022
Expenses
$51K
Net assets
$203K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-3266733 Public charity (501(c)(3)) Palmyra, VA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes empathy for justice-impacted individuals by sharing incarceration experiences.
Leadership
Jesse Crosson · Executive Di · $40K
Money in and out
$254K revenue, $51K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $203K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
47.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$254K
FY2022
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$203K
Total assetsPt X · Ln 16$203K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $51K of program spending, described in the organization's own filed words · FY2022.
01

In 2022 the second chancer foundation ran reentry classes for adult returning citizens at the uva equity center, brought resources into the local jail and juvenile center and worked with numerous community partners to create pathways to success for individuals returning from incarceration.

$51Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSecond Chancer Foundation INC
EINHdr · item D88-3266733
Principal addressHdr · item CPalmyra, VA
WebsiteHdr · item Jsecond-chancer.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F60)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
$40,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Jesse Crosson’s $80K as Executive Di is at the 69th percentile of top reported officer pay among 2082 $100K–1M mental health 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

NameFY2024FY2023FY2022
Jesse Crosson$80,000$80,000$40,000

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$254K
Investment income$1
Total revenueLn 12$254K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$51K
Total functional expensesLn 25$51K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$203K
Total liabilitiesLn 26$0
Total net assetsLn 32$203K
Months of cash on handcomputed47.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $51K
47.8 months
Where the money goes
Program services
Program services $51K · Total expenses $51K
100%
Management & General
Management & general $0 · Total expenses $51K
0%
Fundraising
Fundraising $0 · Total expenses $51K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $254K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $254K · Total revenue $254K
100%
Government reliance
Government grants — · Total revenue $254K
Earned-income share
Program service revenue $0 · Total revenue $254K
0%
Investment reliance
Investment income $1 · Total revenue $254K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $51K
0%
Growth & trend
Revenue growth (YoY)
This year $254K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $203K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $254K · Expenses $51K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $203K
Net-asset ratio
Net assets $203K · Total assets $203K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $203K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jesse Crosson · Reported title EXECUTIVE DI · Highest reported compensation $40K · Total expenses $51K
78%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40K · Total expenses $51K
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

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
Total grants receivedfrom 2 funders$20K

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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)$110K revenue · ⤓ 990 PDF
FY2023$60K revenue · ⤓ 990 PDF
FY2022$254K revenue · viewing · ⤓ 990 PDF

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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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