Civic Intelligence

Alray Taylor Second Chance Scholarship Fund Corporation

990 • Fiscal year 2024 • EIN 27-0955022

Jul 01, 2023 to Jun 30, 2024 • Filed on May 09, 2025

PO Box 960400Boston, MA 02196

(617) 807-0104

Siviq Scores

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

Liabilities / Assets

50th percentile

0.01x

Higher debt load relative to assets than 50% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.02x

Higher debt load relative to revenue than 53% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

55th percentile

7.1%

Higher net margin than 55% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$96,561

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

51st percentile

4.6%

Faster asset growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

0.2%

Faster revenue growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$906,839

Up $40,276 (+4.6%) from 2023

Net Assets

Up

$893,914

Up $42,418 (+5.0%) from 2023

Liabilities

Down

$12,925

Down $2,142 (-14%) from 2023

Revenue

Up

$598,144

Up $1,028 (+0.2%) from 2023

Expenses

Up

$555,706

Up $174,048 (+46%) from 2023

Net Income

Down

$42,438

Down $173,020 (-80%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $184,417Net Assets 2015: $184,4172015Assets 2016: $169,745Liabilities 2016: $551Net Assets 2016: $169,1942016Assets 2017: $293,902Liabilities 2017: $4,914Net Assets 2017: $288,9882017Assets 2018: $323,143Liabilities 2018: $14,463Net Assets 2018: $308,6802018Assets 2019: $320,778Liabilities 2019: $7,369Net Assets 2019: $313,4092019Assets 2020: $395,575Liabilities 2020: $18,117Net Assets 2020: $377,4582020Assets 2021: $539,266Liabilities 2021: $10,412Net Assets 2021: $528,8542021Assets 2022: $647,176Liabilities 2022: $14,072Net Assets 2022: $633,1042022Assets 2023: $866,563Liabilities 2023: $15,067Net Assets 2023: $851,4962023Assets 2024: $906,839Liabilities 2024: $12,925Net Assets 2024: $893,9142024

Highlighted filing

2024

Assets$906,839
Liabilities$12,925
Net Assets$893,914

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $153,614Expenses 2015: $78,756Net Income 2015: $74,8582015Revenue 2016: $76,804Expenses 2016: $92,027Net Income 2016: -$15,2232016Revenue 2017: $229,749Expenses 2017: $109,955Net Income 2017: $119,7942017Revenue 2018: $168,575Expenses 2018: $148,883Net Income 2018: $19,6922018Revenue 2019: $151,454Expenses 2019: $146,725Net Income 2019: $4,7292019Revenue 2020: $254,644Expenses 2020: $190,595Net Income 2020: $64,0492020Revenue 2021: $329,000Expenses 2021: $177,604Net Income 2021: $151,3962021Revenue 2022: $329,452Expenses 2022: $225,202Net Income 2022: $104,2502022Revenue 2023: $597,116Expenses 2023: $381,658Net Income 2023: $215,4582023Revenue 2024: $598,144Expenses 2024: $555,706Net Income 2024: $42,4382024

Highlighted filing

2024

Revenue$598,144
Expenses$555,706
Net Income$42,438
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$598,144
Mission and Program Overview

Mission

To provide scholarship, mentoring and educational assistance to graduates of boston public high schools or boston charter high schools who are seeking to complete college, trade school or vocational programs which they began upon graduation but were unable to complete due to a range of family, personal or educational reasons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$185,517$536,916▲ $351,399
Savings and Temporary Cash Investments$376,822$274,430▼ $102,392
Cash and Non-Interest-Bearing Accounts$261,861$90,358▼ $171,503
Pledges and Grants Receivable$35,000--
Prepaid Expenses and Deferred Charges$4,669$4,089▼ $580
Land, Buildings, and Equipment, Net$2,694$1,046▼ $1,648
Total Assets$866,563$906,839▲ $40,276
Liabilities
Accounts Payable and Accrued Expenses$15,067$12,925▼ $2,142
Total Liabilities$15,067$12,925▼ $2,142
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$652,914$755,485▲ $102,571
Net Assets With Donor Restrictions$198,582$138,429▼ $60,153
Total Net Assets Fund Balance$851,496$893,914▲ $42,418
Total Liabilities and Net Assets / Fund Balance$866,563$906,839▲ $40,276

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,046$5,110$6,156
Other Securities$536,916--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie NguyenExecutive DiFT$95,495$1,066$96,561

Board Members and Trustees

NameTitle
Neil SwideyPresident
Alia CrockerDirector
Heidi GuarinoDirector
Hermese VelasquezDirector
Jethro Trente Et UnDirector
Kevin FudgeDirector
Lewis OkunDirector
Michele CarrollDirector
Nancy WhiteDirector
Teresa PinaDirector
Thomas ArrudaSecretary
Noel SamuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$567,402
Program Service Revenue
$0
Investment Income
$30,742
Other Revenue
$0
All Other Contributions
$567,402
Change in Net Assets
$42,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,144
Revenue Not Reported on Form 990
$-20
Total Revenue per Audited Statements
$598,124
Total Revenue per Form 990
$598,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$261,635
Grants and Similar Amounts Paid$179,759
Other Expenses$114,312
Total Fundraising Expense$71,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$179,759--$179,759
Other Salaries and Wages$118,931$2,953$4,431$126,315
Current Officers, Directors, Trustees, and Key Employees$43,243$19,562$40,155$102,960
Fees for Services Other$4,040$21,661-$25,701
Payroll Taxes$13,995$1,800$3,593$19,388
Occupancy$10,838$806$1,856$13,500
Other Employee Benefits$11,667$362$943$12,972
Fees for Services Accounting-$11,500-$11,500
Insurance$3,257$314$672$4,243
Advertising$228$707$2,947$3,882
Office Expenses$1,309$1,100$786$3,195
Travel$861$896$269$2,026
Depreciation Depletion$1,167$165$313$1,645
Information Technology--$997$997
All Other Expenses$415$331-$746
Other Expenses$19,858$447$15,036$447
Total Functional Expenses$420,013$63,695$71,998$555,706

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$555,706
Total Expenses per Audited Statements$555,706
Total Expenses per Form 990$555,706
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Board elections are held at board meetings and voted on by the full board each year.

Form 990, Page 6, Part VI, Line 7B

Board approval is voted on at board meetings

Form 990, Page 6, Part VI, Line 11B

Reviewed by board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure required.

Form 990, Page 6, Part VI, Line 15A

Compensation approved by board of directors.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Alray Taylor Second Chance
EIN
27-0955022
Phone
6178070104
Address
PO BOX 960400, BOSTON, MA 02196

Signing Officer

Name
Neil Swidey
Title
President
Phone
6173956862
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Swidey
Formed
2009
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
50

Preparer

Firm
Gonzalez and Associates Pc
Address
14 PAGE TERRACE, STOUGHTON, MA 02072
Preparer
Lillian Gonzalez CPA Mst Csep Csrp
Phone
7813441040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide scholarship, mentoring and educational assistance to graduates of boston public high schools or boston charter high schools who are seeking to complete college, trade school or vocational programs which they began upon graduation but were unable to complete due to a range of family, personal or educational reasons.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt012972
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/Desc3BOARD EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt015036
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01091
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1447
IRS990/OtherExpensesGrp/ProgramServicesAmt010445
IRS990/OtherExpensesGrp/ProgramServicesAmt119858
IRS990/OtherExpensesGrp/TotalAmt025481
IRS990/OtherExpensesGrp/TotalAmt119858
IRS990/OtherExpensesGrp/TotalAmt21091
IRS990/OtherExpensesGrp/TotalAmt3447
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02953
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0118931
IRS990/OtherSalariesAndWagesGrp/TotalAmt0126315
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03593
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01800
IRS990/PayrollTaxesGrp/ProgramServicesAmt013995
IRS990/PayrollTaxesGrp/TotalAmt019388
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04669
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04089
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0113793
IRS990/PYInvestmentIncomeAmt06456
IRS990/PYOtherExpensesAmt094512
IRS990/PYRevenuesLessExpensesAmt0215458
IRS990/PYSalariesCompEmpBnftPaidAmt0173353
IRS990/PYTotalExpensesAmt0381658
IRS990/PYTotalRevenueAmt0597116
IRS990/ReconcilationRevenueExpnssAmt042438
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0376822
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0274430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0567403
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0590660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0329397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0318044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0252180
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0252
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02464
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039969
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0TREASURY BONDS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01046
IRS990ScheduleD/TotalBookValueSecuritiesAmt0536916
IRS990ScheduleD/TotalExpensesPerForm990Amt0555706
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SCHOLARSHIP, MENTORING AND EDUCATIONAL ASSISTANCE TO GRADUATES OF BOSTON PUBLIC HIGH SCHOOLS OR BOSTON CHARTER HIGH SCHOOLS WHO ARE SEEKING TO COMPLETE COLLEGE, TRADE SCHOOL OR VOCATIONAL PROGRAMS WHICH THEY BEGAN UPON GRADUATION BUT WERE UNABLE TO COMPLETE DUE TO A RANGE OF FAMILY, PERSONAL OR EDUCATIONAL REASONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD ELECTIONS ARE HELD AT BOARD MEETINGS AND VOTED ON BY THE FULL BOARD EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD APPROVAL IS VOTED ON AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0866563
IRS990/TotalAssetsEOYAmt0906839
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0567402
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0420013
IRS990/TotalFunctionalExpensesGrp/TotalAmt0555706
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt012925
IRS990/TotalLiabilitiesGrp/BOYAmt015067
IRS990/TotalLiabilitiesGrp/EOYAmt012925
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0851496
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0893914
IRS990/TotalOtherCompensationAmt01066

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