Civic Intelligence

Second Chances

990 • Fiscal year 2012 • EIN 42-1605507

Oct 01, 2011 to Sep 30, 2012 • Filed on May 29, 2013

168 Federal Blvd80219
Siviq Scores

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

Liabilities / Assets

81st percentile

0.22x

Higher debt load relative to assets than 81% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

82nd percentile

37%

Faster asset growth than 82% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$82,107

Up $22,204 (+37%) from 2011

Net Assets

Up

$63,996

Up $17,549 (+38%) from 2011

Liabilities

Up

$18,111

Up $4,655 (+35%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$284,753

Down $23,935 (-7.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $59,903Liabilities 2011: $13,456Net Assets 2011: $46,4472011Assets 2012: $82,107Liabilities 2012: $18,111Net Assets 2012: $63,9962012Assets 2013: $103,213Liabilities 2013: $33,539Net Assets 2013: $69,6742013Assets 2014: $144,015Liabilities 2014: $72,004Net Assets 2014: $72,0112014Assets 2015: $79,588Liabilities 2015: $85,614Net Assets 2015: -$6,0262015Assets 2016: $37,911Liabilities 2016: $10,709Net Assets 2016: $27,2022016Assets 2017: $53,624Liabilities 2017: $21,547Net Assets 2017: $32,0772017Assets 2018: $108,366Liabilities 2018: $81,208Net Assets 2018: $27,1582018Assets 2019: $95,442Liabilities 2019: $47,077Net Assets 2019: $48,3652019Assets 2020: $108,647Liabilities 2020: $40,380Net Assets 2020: $68,2672020Assets 2021: $126,515Liabilities 2021: $40,510Net Assets 2021: $86,0052021

Highlighted filing

2012

Assets$82,107
Liabilities$18,111
Net Assets$63,996

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $316,244Expenses 2011: $308,688Net Income 2011: $7,5562011Expenses 2012: $284,7532012Expenses 2013: $394,2792013Revenue 2014: $750,693Expenses 2014: $748,356Net Income 2014: $2,3372014Revenue 2015: $724,247Expenses 2015: $714,186Net Income 2015: $10,0612015Revenue 2016: $505,543Expenses 2016: $471,403Net Income 2016: $34,1402016Revenue 2017: $333,030Expenses 2017: $347,201Net Income 2017: -$14,1712017Revenue 2018: $56,646Expenses 2018: $61,712Net Income 2018: -$5,0662018Revenue 2019: $190,572Expenses 2019: $169,365Net Income 2019: $21,2072019Revenue 2020: $100,253Expenses 2020: $80,351Net Income 2020: $19,9022020Revenue 2021: $104,067Expenses 2021: $86,329Net Income 2021: $17,7382021

Highlighted filing

2012

Revenue-
Expenses$284,753
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
May 29, 2013
Return Version
2011v1.5
Gross Receipts
$328,516
Mission and Program Overview

Mission

Reflecting love and acceptance to women, especially mothers and grandmothers recovering from trauma. They receive paid employment, life skills, coaching, and positive community. Labels of homeless, lack of education, and previous incarceration are primary barriers our participants overcome as they gain positive employment experience and supportive community.

Filing and Contact Details

Filer

EIN
42-1605507
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IRS990/Description0Second Chances is a career development program that provides training opportunities for disadvantaged single mothers to break the poverty cycle and develop career and life skills. Through intensive job training and life skills development programs, we educate, and empower women to overcome the obstacles in their lives and become employable, eventually attaining self-sufficiency. Second Chances operates a thrift store located in Denver and provides janitorial services for various clients in the Denver Metro area. Through these programs, Second Chances is able to provide jobs and life skills to the women they serve.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of September 30, 2012, Second Chances had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. SC's federal Return of Organization Exempt from Income Tax Form 990 for the years ended December 31, 2009, 2010, and 2011 are subject to examination by the IRS, generally for three years after they were filed.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2Cost of goods sold 25,937.
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IRS990ScheduleO/GeneralExplanation/Explanation0The Form 990 is prepared by an independent CPA firm. The Board of Directors meets with the Executive Director and the staff accountant to review and approve the completed Form 990 and all related documentation before the Form 990 is filed with the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1Employees shall avoid outside employment, activities, investments, and other interests that involve obligations that may compete with or be in conflict with the interests of the company. A conflict of interest can arise in dealings with anyone that Second Chances transacts business; i.e. clients, customers, owners, buyers, suppliers, banks, insurance companies, and people in other organizations with whom we contact and make agreements.
IRS990ScheduleO/GeneralExplanation/Explanation2The compensation of all disqualified persons for each year, or the terms of compensation for a multi-year contract, will be established by the Board in advance. If any Board members are employees of the organization or related to disqualified persons receiving compensation, they may provide input to the Board, but will leave the room and not participate in the discussion or decision making by the Board. The minutes will reflect that they were not in the room during the discussion and vote. In considering compensation, all elements will be provided to the Board, including, but not limited to, the value of all employee benefits whether taxable or not, housing allowance or value of provide housing, the value of vehicles to the employee or the family of the employee and retirement plan contributions. The Board President will meet with the Executive Director in advance of the Board compensation discussion to consider with the Executive Director his or her projected needs for the coming year, perspective on his or her compensation, and the types of benefits that may be received. Prior to a vote on the compensation, the Board will collect information regarding amounts paid by comparable organizations for comparable services and consider how the proposed compensation compares to the comparison information. If the amount proposed as compensation seems high based on the comparison information, the Board will consider collecting additional information or obtain a professional compensation opinion.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4The board of directors as a whole oversees the selection of the independent auditors and oversees the review process.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part XII, Line 2c:
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IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0157433
IRS990/TotalRevenue/TotalRevenueColumn0302301
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/Fundraising0114
IRS990/Travel/ManagementAndGeneral0114
IRS990/Travel/ProgramServices04137
IRS990/Travel/Total04365
IRS990/TypeOfOrganizationOther0X
IRS990/TypeOfOrgOtherDescription0LLC
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY046447
IRS990/UnrestrictedNetAssets/EOY063996

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