Civic Intelligence

Second Chance Foundation Inc

EIN 27-3319840 • 501(c)3 • Philadelphia, PA

Profile

To provide funding to community & faith based organizations. The organization is expected to dissolve in 2018.

1601 Market Street No 4th FLPhiladelphia, PA 19103

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

44th percentile

-5.2%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2018

Revenue Growth

8th percentile

-82%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$39,497

Up $78 (+0.2%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Up

$39,497

Up $78 (+0.2%) from 2017

Operations
Liabilities / Revenue61st percentileNet Margin97th percentile

Revenue

Down

$90

Down $447 (-83%) from 2017

Expenses

Down

$12

Down $5,021 (-100%) from 2017

Net Income

Up

$78

Up $4,574 (+102%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2014: $104,038Liabilities 2014: $0Net Assets 2014: $104,0382014Assets 2015: $81,217Liabilities 2015: $0Net Assets 2015: $81,2172015Assets 2016: $43,915Liabilities 2016: $0Net Assets 2016: $43,9152016Assets 2017: $39,419Liabilities 2017: $0Net Assets 2017: $39,4192017Assets 2018: $39,497Liabilities 2018: $0Net Assets 2018: $39,4972018

Highlighted filing

2018

Assets$39,497
Liabilities$0
Net Assets$39,497
Open 2018 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2014: $86,227Expenses 2014: $25,048Net Income 2014: $61,1792014Revenue 2015: $10,957Expenses 2015: $33,778Net Income 2015: -$22,8212015Revenue 2016: $2,723Expenses 2016: $40,025Net Income 2016: -$37,3022016Revenue 2017: $537Expenses 2017: $5,033Net Income 2017: -$4,4962017Revenue 2018: $90Expenses 2018: $12Net Income 2018: $782018

Highlighted filing

2018

Revenue$90
Expenses$12
Net Income$78
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,497
Liabilities
$0
Net assets
$39,497
Revenue
$90
Expenses
$12
Net income
$78
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.01$0.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.03$0.40$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.11$0.34$0.23
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.86$0.25$0.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 26, 2019
Return Version
2018v3.1
Gross Receipts
$90
Mission and Program Overview

Mission

To provide funding to community & faith based organizations. The organization is expected to dissolve in 2019. See schedule n for additional information.

Program Services

DescriptionGrantsExpenses
IN 2017 SCF CEASED OPERATIONS. SCF IS EXPECTED TO DISSOLVE IN 2019 AND DISTRIBUTE ALL REMAINING ASSETS IN ACCORDANCE WITH APPLICABLE STATUTES. SEE ATTACHED DOCUMENTS.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SANDY BROWNBoard Member-$0--
WAYNE GEISSER CPATreasurer-$0--
MITCHELL KAPLAN ESQBoard Member-$0--
DAVID MASER ESQSecretary-$0--
MICHAEL WEISSBoard Member-$0--
GARY ZLOTNICKBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Second Chance Foundation Inc
EIN
27-3319840
Phone
2677659616
Address
1601 MARKET STREET NO 4TH FL, PHILADELPHIA, PA 19103

Signing Officer

Name
Wayne D Geisser CPA
Title
Treasurer
Phone
2676707300
Signed
2019-08-26
Discuss with paid preparer
Yes

Preparer

Firm
Marcum Llp
Address
1601 MARKET STREET 4TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Thomas Mcglone
Phone
2152972100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest savings account. Amount: 90.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fees. Amount: 12.”

Raw XML Appendix191 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01601 MARKET STREET 4TH FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019103
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039419
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039419
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt039497
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.75
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SANDY BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WAYNE GEISSER CPA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MITCHELL KAPLAN ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAVID MASER ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MICHAEL WEISS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5GARY ZLOTNICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd01
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt012
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE FUNDING TO COMMUNITY & FAITH BASED ORGANIZATIONS. THE ORGANIZATION IS EXPECTED TO DISSOLVE IN 2019. SEE SCHEDULE N FOR ADDITIONAL INFORMATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN 2017 SCF CEASED OPERATIONS. SCF IS EXPECTED TO DISSOLVE IN 2019 AND DISTRIBUTE ALL REMAINING ASSETS IN ACCORDANCE WITH APPLICABLE STATUTES. SEE ATTACHED DOCUMENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt012
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt090
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt062500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0398
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt025878
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt099172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt090
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0398
IRS990ScheduleA/InvestmentIncomeCYPct00.00250
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99750
IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt0161672
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt018855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt028378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0114439
IRS990ScheduleA/Total509Grp/TotalAmt0161672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt077
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt028455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0114516
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0162070
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SEE PART III SUPPLEMENTAL INFORMATION
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0BY UNANIMOUS CONSENT ON OCTOBER 9, 2018, THE BOARD OF SECOND CHANCE FOUNDATION "THE FOUNDATION" MOVED TO DISSOLVE THE ORGANIZATION. SEE TAX RETURN EXHIBIT A.IN OCTOBER 2018, THE FOUNDATION MADE APPLICATION TO THE PENNSYLVANIA OFFICE OF ATTORNEY GENERAL TO DISSOLVE THE ORGANIZATION.BY LETTER OF APRIL 17, 2019, THE PENNSYLVANIA OFFICE OF ATTORNEY GENERAL PROVIDED A "NO OBJECTION" LETTER APPROVING THE PLAN OF LIQUIDATION AND DISSOLUTION. SEE TAX RETURN EXHIBIT B.THE COURT OF COMMON PLEAS OF PHILADELPHIA COUNTY, ORPHANS COURT DIVISION BY ITS ORDER OF APRIL 24, 2018 (SIC S/B 2019) APPROVED THE PROPOSAL DISSOLUTION BY THE FOUNDATION. SEE TAX RETURN EXHIBIT C.DISBURSEMENT AS SET FURTHER IN THE PLAN OF DISSOLUTION AND COMPLETE LIQUIDATION WERE MADE IN MAY 2019. DISBURSEMENTS WERE MADE AS SHOWN ON THE ATTACHED SCHEDULE. SEE TAX RETURN EXHIBIT D.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST SAVINGS ACCOUNT. AMOUNT: 90.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK FEES. AMOUNT: 12.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYNE D GEISSER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02676707300
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECOND CHANCE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0273319840
ReturnHeader/Filer/PhoneNum02677659616
ReturnHeader/Filer/USAddress/AddressLine1Txt01601 MARKET STREET NO 4TH FL
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C04622FE2274A39798B4274CED954AD00CC2C6CB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.19.127.190
ReturnHeader/FilingSecurityInformation/IPDt02019-08-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:40:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 MARKET STREET 4TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02152972100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS MCGLONE
ReturnHeader/ReturnTs02019-08-27T10:34:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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