Civic Intelligence

Second Chance Toys Inc.

990EZ • Fiscal year 2017 • EIN 80-0581325

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 31, 2018

61 W 62ND STREET Suite 12MNew York, NY 10023

(908) 310-8888

Siviq Scores

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

Liabilities / Assets

67th percentile

0.06x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.05x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-88%

Higher net margin than 6% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Top Officer Pay

90th percentile

$48,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 75.1% of source-year revenue.

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-60%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$59,525

Down $55,931 (-48%) from 2016

Net Assets

Down

$56,025

Down $55,931 (-50%) from 2016

Liabilities

Flat

$3,500

Flat from 2016

Revenue

Down

$63,904

Down $94,478 (-60%) from 2016

Expenses

Down

$119,835

Down $19,955 (-14%) from 2016

Net Income

Down

-$55,931

Down $74,523 (-401%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $84,949Liabilities 2011: $02011Assets 2012: $73,208Liabilities 2012: $3,5002012Assets 2013: $71,579Liabilities 2013: $3,5002013Assets 2014: $119,764Liabilities 2014: $3,500Net Assets 2014: $116,2642014Assets 2015: $96,864Liabilities 2015: $3,500Net Assets 2015: $93,3642015Assets 2016: $115,456Liabilities 2016: $3,500Net Assets 2016: $111,9562016Assets 2017: $59,525Liabilities 2017: $3,500Net Assets 2017: $56,0252017Assets 2018: $49,968Liabilities 2018: $3,500Net Assets 2018: $46,4682018Assets 2019: $87,466Liabilities 2019: $3,500Net Assets 2019: $83,9662019Assets 2020: $64,718Liabilities 2020: $3,500Net Assets 2020: $61,2182020Assets 2021: $30,158Liabilities 2021: $3,500Net Assets 2021: $26,6582021Assets 2022: $36,892Liabilities 2022: $3,500Net Assets 2022: $33,3922022

Highlighted filing

2017

Assets$59,525
Liabilities$3,500
Net Assets$56,025

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $117,259Expenses 2011: $34,385Net Income 2011: $82,8742011Revenue 2012: $116,889Expenses 2012: $132,130Net Income 2012: -$15,2412012Revenue 2013: $154,231Expenses 2013: $155,884Net Income 2013: -$1,6532013Revenue 2014: $199,484Expenses 2014: $151,299Net Income 2014: $48,1852014Revenue 2015: $138,208Expenses 2015: $161,108Net Income 2015: -$22,9002015Revenue 2016: $158,382Expenses 2016: $139,790Net Income 2016: $18,5922016Revenue 2017: $63,904Expenses 2017: $119,835Net Income 2017: -$55,9312017Revenue 2018: $111,027Expenses 2018: $120,584Net Income 2018: -$9,5572018Revenue 2019: $167,077Expenses 2019: $129,579Net Income 2019: $37,4982019Revenue 2020: $40,825Expenses 2020: $66,073Net Income 2020: -$25,2482020Revenue 2021: $57,031Expenses 2021: $91,591Net Income 2021: -$34,5602021Revenue 2022: $61,952Expenses 2022: $55,218Net Income 2022: $6,7342022

Highlighted filing

2017

Revenue$63,904
Expenses$119,835
Net Income-$55,931
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 31, 2018
Return Version
2017v2.3
Gross Receipts
$63,904
Mission and Program Overview

Mission

Second chance toys rescues and recycles plastic toys for children in need at local community organizations while at the same time, helping the environment.

Program Services

DescriptionGrantsExpenses
MANY PLASTIC TOYS ARE DISPOSED OF WHEN THEY COULD STILL BE USED. GIVEN THE NATURE OF PLASTIC, THESE TOYS OFTEN SHOW LITTLE SIGNS OF WEAR AND ARE STILL IN GOOD WORKING CONDITION. WHEN THESE PERFECTLY USABLE TOYS ARE THROWN OUT, THEY BECOME WASTE IN A LANDFILL, TAKE UP A LOT OF SPACE AND DO NOT BIODEGRADE. HAND IN HAND WITH THIS UNNECESSARY WASTE IS THE FACT THAT MANY CHILDREN THROUGHOUT THE UNITED STATES, WHO COULD BENEFIT FROM THESE TOYS, GO WITHOUT THEM. TOYS CAN BE IMPORTANT TO A CHILD'S DEVELOPMENT AND CAN HELP WITH CREATIVITY AND IMAGINATION. SECOND CHANCE TOYS COLLECTED AND DONATED OVER 25,000 TOYS DURING 2017.$50,000$69,835
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRONNA LIPTONPresident/DirectorPT$48,000-$48,000
SHELDON LIPTONVice President/Director-$0--
SASHA LIPTONVice President/Director-$0--
Filing and Contact Details

Filer

Filer Name
Second Chance Toys Inc
EIN
80-0581325
In Care Of
% SHELDON LIPTON
Phone
9083108888
Address
61 W 62ND STREET Suite 12M, NEW YORK, NY 10023

Signing Officer

Name
Sheldon Lipton
Title
Vice President
Phone
9083108888
Signed
2018-03-31
Discuss with paid preparer
Yes

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Karen a Kowgios CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

Description:OFFICE SUPPLIES AND EXPENSES Amount:3107

Form 990EZ Part I Line 16

Description:INSURANCE Amount:1025

Form 990EZ Part I Line 16

Description:TECHNOLOGY Amount:1382

Form 990EZ Part I Line 16

Description:CONRACT SERVICES Amount:9000

Form 990EZ Part II Line 24

Description:CONTRIBUTION RECEIVABLE BOY Amount:2500

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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum09083108888
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010023
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0112956
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRONNA LIPTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHELDON LIPTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SASHA LIPTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT/DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt015231
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SECOND CHANCE TOYS RESCUES AND RECYCLES PLASTIC TOYS FOR CHILDREN IN NEED AT LOCAL COMMUNITY ORGANIZATIONS WHILE AT THE SAME TIME, HELPING THE ENVIRONMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MANY PLASTIC TOYS ARE DISPOSED OF WHEN THEY COULD STILL BE USED. GIVEN THE NATURE OF PLASTIC, THESE TOYS OFTEN SHOW LITTLE SIGNS OF WEAR AND ARE STILL IN GOOD WORKING CONDITION. WHEN THESE PERFECTLY USABLE TOYS ARE THROWN OUT, THEY BECOME WASTE IN A LANDFILL, TAKE UP A LOT OF SPACE AND DO NOT BIODEGRADE. HAND IN HAND WITH THIS UNNECESSARY WASTE IS THE FACT THAT MANY CHILDREN THROUGHOUT THE UNITED STATES, WHO COULD BENEFIT FROM THESE TOYS, GO WITHOUT THEM. TOYS CAN BE IMPORTANT TO A CHILD'S DEVELOPMENT AND CAN HELP WITH CREATIVITY AND IMAGINATION. SECOND CHANCE TOYS COLLECTED AND DONATED OVER 25,000 TOYS DURING 2017.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt050000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt069835
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IRS990EZ/SalariesOtherCompEmplBnftAmt052104
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03500
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IRS990EZ/TotalRevenueAmt063904
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990 EZ, PART V, INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0154025
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IRS990ScheduleA/TotalSupportAmt0714209
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:OFFICE SUPPLIES AND EXPENSES Amount:3107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:INSURANCE Amount:1025
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:TECHNOLOGY Amount:1382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:CONRACT SERVICES Amount:9000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:CONTRIBUTION RECEIVABLE BOY Amount:2500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART II LINE 24
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHELDON LIPTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09083108888
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECOND CHANCE TOYS INC
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0800581325
ReturnHeader/Filer/InCareOfNm0% SHELDON LIPTON
ReturnHeader/Filer/PhoneNum09083108888
ReturnHeader/Filer/USAddress/AddressLine1Txt061 W 62ND STREET Suite 12M
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010023
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01411 BROADWAY 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02127519100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN A KOWGIOS CPA
ReturnHeader/ReturnTs02018-03-26T15:15:11-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings