Civic Intelligence

Second Chance Outreach

990EZ • Fiscal year 2020 • EIN 20-0726829

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 16, 2021

Organization Profilewww.sccdfibank.com
15 Three Tee CircleRidgeland, SC 29936

(843) 726-1436

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.18x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.18x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$95,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 191.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

99th percentile

3542%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-70%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$50,190

Up $48,812 (+3542%) from 2019

Net Assets

Up

$41,264

Up $39,886 (+2894%) from 2019

Liabilities

Up

$8,926

Up $8,926 from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin96th percentile

Revenue

Down

$49,500

Down $117,508 (-70%) from 2019

Expenses

Down

$9,614

Down $156,556 (-94%) from 2019

Net Income

Up

$39,886

Up $39,048 (+4660%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2018: $50,540Liabilities 2018: $50,000Net Assets 2018: $5402018Assets 2019: $1,378Liabilities 2019: $0Net Assets 2019: $1,3782019Assets 2020: $50,190Liabilities 2020: $8,926Net Assets 2020: $41,2642020Assets 2021: $47,881Liabilities 2021: $6,061Net Assets 2021: $41,8202021

Highlighted filing

2020

Assets$50,190
Liabilities$8,926
Net Assets$41,264
Open 2020 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0Revenue 2018: $50,540Expenses 2018: $50,000Net Income 2018: $5402018Revenue 2019: $167,008Expenses 2019: $166,170Net Income 2019: $8382019Revenue 2020: $49,500Expenses 2020: $9,614Net Income 2020: $39,8862020Revenue 2021: $61,959Expenses 2021: $61,403Net Income 2021: $5562021

Highlighted filing

2020

Revenue$49,500
Expenses$9,614
Net Income$39,886
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$49,500
Mission and Program Overview

Mission

The mission of Second Chance Community Outreach Inc SCCO is to create opportunities which impact improve and or sustain the quality of people's everyday life . We exist to encourage ongoing rebuilding efforts within communities worldwide. We identify a need and together we meet it. Our vision is redefining capital and taking the risk out of lending. SCCO believes the best form of capital is human capital and collectively we are utilizing resources time and money to demonstrate it. The mission involves developing and promoting black business enterprises through education training loans investments support and other activities which aggressively mobilize and create sustainable quality of life for minorities.

Program Services

DescriptionGrantsExpenses
Women Small Business formation assistance sponsorship$675$675
Lowcountry Minority Survey - Research and Development$0$314
Training$0$175
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sheree DarienExecutive DirectorFT$4,000$91,000$95,000
Katrina SimmonsBoard ChairPT$0--
William Lee JrBoard Vice ChairPT$0--
Victoria BaylorSecretary Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Second Chance Community Outreach Inc
EIN
20-0726829
In Care Of
% Sheree Darien
Phone
8437261436
Address
15 Three Tee Circle, Ridgeland, SC 29936

Signing Officer

Name
Sheree Darien
Title
Executive Director
Signed
2021-11-16
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Doing Business As Names

“Second Chance CDFI Bank”

Part I, line 8

“| Other Revenues:, Amount:| SBA WORKING CAPITAL LOAN, $48000|”

Part I, line 10

“| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| WOMENS BUSINESS CONFERENCE SPONSORSHIP, grantee, "WOMENS BUSINESS CONFERENCE", $675.00, No Relationship|”

Part I, line 16

“| Other Expenses:, Amount:| TRAINING AND REGISTRATIONS, $872.00| ADMINISTRATIVE FEES, $2042.00|”

Part II, line 26

“| Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, 0, $8926|”

Raw XML Appendix159 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0The mission of Second Chance Community Outreach Inc SCCO is to create opportunities which impact improve and or sustain the quality of people's everyday life . We exist to encourage ongoing rebuilding efforts within communities worldwide. We identify a need and together we meet it. Our vision is redefining capital and taking the risk out of lending. SCCO believes the best form of capital is human capital and collectively we are utilizing resources time and money to demonstrate it. The mission involves developing and promoting black business enterprises through education training loans investments support and other activities which aggressively mobilize and create sustainable quality of life for minorities.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| S.No:, Amount:, Description:| 1, $48000, SBA WORKING CAPITAL LOAN|
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Second Chance CDFI Bank
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Revenues:, Amount:| SBA WORKING CAPITAL LOAN, $48000|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| WOMENS BUSINESS CONFERENCE SPONSORSHIP, grantee, "WOMENS BUSINESS CONFERENCE", $675.00, No Relationship|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Other Expenses:, Amount:| TRAINING AND REGISTRATIONS, $872.00| ADMINISTRATIVE FEES, $2042.00|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, 0, $8926|
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0200726829
ReturnHeader/Filer/InCareOfNm0% Sheree Darien
ReturnHeader/Filer/PhoneNum08437261436
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ReturnHeader/Filer/USAddress/CityNm0Ridgeland
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ReturnHeader/Filer/USAddress/ZIPCd029936
ReturnHeader/ReturnTs02021-11-16T09:36:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,190
Liabilities
$8,926
Net assets
$41,264
Revenue
$49,500
Expenses
$9,614
Net income
$39,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.06$0.42$0.62$0.61$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.09$0.41$0.50$0.10$0.40
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$1.67$1.66$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.50$0.01$0.51$0.50$0.01