Civic Intelligence

2Nd Chance Ms Inc.

990 • Fiscal year 2018 • EIN 81-2718924

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

Organization ProfileWWW.2NDCHANCEMS.ORG
1739 University Avenue Pmb 126Oxford, MS 38655

(601) 265-1895

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$163,651

Up $91,300 (+126%) from 2017

Net Assets

Up

$162,083

Up $93,121 (+135%) from 2017

Liabilities

Down

$1,568

Down $1,821 (-54%) from 2017

Revenue And Expenses

Revenue

Up

$300,239

Up $66,465 (+28%) from 2017

Expenses

Up

$218,401

Up $31,768 (+17%) from 2017

Net Income

Up

$81,838

Up $34,697 (+74%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $23,517Liabilities 2016: $1,696Net Assets 2016: $21,8212016Assets 2017: $72,351Liabilities 2017: $3,389Net Assets 2017: $68,9622017Assets 2018: $163,651Liabilities 2018: $1,568Net Assets 2018: $162,0832018Assets 2019: $190,441Liabilities 2019: $4,628Net Assets 2019: $185,8132019Assets 2020: $229,221Liabilities 2020: $1,694Net Assets 2020: $227,5272020Assets 2021: $312,324Liabilities 2021: $1,687Net Assets 2021: $310,6372021Assets 2022: $338,771Liabilities 2022: $149Net Assets 2022: $338,6222022Assets 2023: $426,899Liabilities 2023: $115Net Assets 2023: $426,7842023Assets 2024: $538,211Liabilities 2024: $363Net Assets 2024: $537,8482024

Highlighted filing

2018

Assets$163,651
Liabilities$1,568
Net Assets$162,083
Open 2018 Filing

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2016: $82,753Expenses 2016: $60,932Net Income 2016: $21,8212016Revenue 2017: $233,774Expenses 2017: $186,633Net Income 2017: $47,1412017Revenue 2018: $300,239Expenses 2018: $218,401Net Income 2018: $81,8382018Revenue 2019: $264,909Expenses 2019: $255,887Net Income 2019: $9,0222019Revenue 2020: $258,890Expenses 2020: $217,176Net Income 2020: $41,7142020Revenue 2021: $337,451Expenses 2021: $254,341Net Income 2021: $83,1102021Revenue 2022: $292,927Expenses 2022: $264,942Net Income 2022: $27,9852022Revenue 2023: $326,371Expenses 2023: $238,210Net Income 2023: $88,1612023Revenue 2024: $345,669Expenses 2024: $234,604Net Income 2024: $111,0652024

Highlighted filing

2018

Revenue$300,239
Expenses$218,401
Net Income$81,838
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$354,759
Mission and Program Overview

Mission

2nd chance ms will raise awareness and funds for adult education and work skills training.

2nd chance ms will raise awareness and funds for adult education and works skills training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$72,351$163,651▲ $91,300
Total Assets$72,351$163,651▲ $91,300
Liabilities
Other Liabilities$3,389$1,568▼ $1,821
Total Liabilities$3,389$1,568▼ $1,821
Net Assets / Fund Balance
Unrestricted Net Assets$68,962$162,083▲ $93,121
Total Net Assets Fund Balance$68,962$162,083▲ $93,121
Total Liabilities and Net Assets / Fund Balance$72,351$163,651▲ $91,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Catherine C BealsSecretary, TreasurerFT$65,000$65,000

Board Members and Trustees

NameTitle
Richard F ScruggsChairman
David Z ScruggsPresident
Andrew MullinsBoard Member
Colleen HartfieldBoard Member
Jesse MitchellBoard Member
Sam ThomasBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$268,728
Program Service Revenue
$0
Investment Income
$56
Other Revenue
$31,455
All Other Contributions
$264,488
Change in Net Assets
$81,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$300,239
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$65,803
Total Revenue per Audited Statements
$366,042
Total Revenue per Form 990
$300,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,819
Salaries, Compensation, and Employee Benefits$69,973
Grants and Similar Amounts Paid$50,609
Total Fundraising Expense$2,595
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,000$13,000-$65,000
Grants to Domestic Orgs$50,609--$50,609
Occupancy-$32,124-$32,124
All Other Expenses$1,788$4,777-$6,565
Advertising$6,252--$6,252
Payroll Taxes$3,978$995-$4,973
Fees for Services Legal-$3,988-$3,988
Other Expenses$3,241$700$2,595$2,595
Office Expenses-$2,300-$2,300
Travel$2,104--$2,104
Insurance-$150-$150
Total Functional Expenses$157,772$58,034$2,595$218,401

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$272,921
Expenses per Audited Statements$218,401
Total Expenses per Form 990$218,401
Expenses Not Reported on Form 990$54,520
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coahoma Community CollegeClarksdale, MS509(a)(1)To Provide Support for Tuition/gas/etc to Students of Accelerated Programs$29,682
Co-lin Community CollegeWesson, MS509(a)(1)To Provide Support for Tuition/gas/etc to Students of Accelerated Programs$10,625
Northeast Mississippi Community CollegeBooneville, MS509(a)(1)To Provide Support for Tuition/gas/etc to Students of Accelerated Programs$5,250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,975
Fundraising Direct Expenses$54,520
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$90,215$85,975$5,729$80,246
Total Events$90,215$85,975$33,622$52,353
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PAYROLL LIABILITIES: FEDERAL TAXES (941/940)$1,331
PAYROLL LIABILITIES: MS INCOME TAX$237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“David scruggs, the president, is the son of richard scruggs, the chairman.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided to the full board for review prior to filing.”

Form 990, Part VI, Section B, Line 15B

“A compensation committee of three independent directors was established by the organization to assist the board in implementing the organizations compensation policy. In determining compensation for key employees, the committee relied upon appropriate data such as compensation paid by similarly situated corporations, both taxable and exempt, for functionally comparable positions.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request, on a case by case basis.”

Filing and Contact Details

Filer

Filer Name
2nd Chance Ms
EIN
81-2718924
Phone
6012651895
Address
1739 UNIVERSITY AVENUE PMB 126, OXFORD, MS 38655

Signing Officer

Name
David Z Scruggs
Title
President
Phone
6012651895
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Z Scruggs
Formed
2016
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Granthampoole Pllc
Address
1200 JEFFERSON AVENUE STE 206, OXFORD, MS 38655
Preparer
William a Sanders CPA
Phone
6622348130
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fall gala expenses 54,520.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fall gala expenses 54,520.”

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IRS990ScheduleD/RevenueSubtotalAmt0300239
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FALL GALA EXPENSES 54,520.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FALL GALA EXPENSES 54,520.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0218401
IRS990ScheduleD/TotalLiabilityAmt01568
IRS990ScheduleD/TotalRevenuePerForm990Amt0300239
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0366042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0272921
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt04240
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt04240
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033622
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0227
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0227
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt090215
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt090215
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt085975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt085975
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt052353
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt016460
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt016460
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05729
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05729
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt011206
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt011206
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt029682
IRS990ScheduleI/RecipientTable/CashGrantAmt110625
IRS990ScheduleI/RecipientTable/CashGrantAmt25250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0509(A)(1)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1509(A)(1)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2509(A)(1)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COAHOMA COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CO-LIN COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NORTHEAST MISSISSIPPI COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0640883918
IRS990ScheduleI/RecipientTable/RecipientEIN1640682812
IRS990ScheduleI/RecipientTable/RecipientEIN2237056208
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03240 FRIARS POINT ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11028 JC REDD DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2101 CUNNINGHAM BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CLARKSDALE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WESSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BOONEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038614
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd139191
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd238820
IRS990ScheduleI/Total501c3OrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID SCRUGGS, THE PRESIDENT, IS THE SON OF RICHARD SCRUGGS, THE CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPENSATION COMMITTEE OF THREE INDEPENDENT DIRECTORS WAS ESTABLISHED BY THE ORGANIZATION TO ASSIST THE BOARD IN IMPLEMENTING THE ORGANIZATIONS COMPENSATION POLICY. IN DETERMINING COMPENSATION FOR KEY EMPLOYEES, THE COMMITTEE RELIED UPON APPROPRIATE DATA SUCH AS COMPENSATION PAID BY SIMILARLY SITUATED CORPORATIONS, BOTH TAXABLE AND EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt072351
IRS990/TotalAssetsEOYAmt0163651
IRS990/TotalAssetsGrp/BOYAmt072351
IRS990/TotalAssetsGrp/EOYAmt0163651
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0268728
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02595
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0157772
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03389
IRS990/TotalLiabilitiesEOYAmt01568
IRS990/TotalLiabilitiesGrp/BOYAmt03389
IRS990/TotalLiabilitiesGrp/EOYAmt01568
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0162083
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0157772
IRS990/TotalReportableCompFromOrgAmt065000
IRS990/TotalRevenueGrp/ExclusionAmt031455
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300239
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt072351
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0163651
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02104
IRS990/TravelGrp/TotalAmt02104
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt068962
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0162083
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$163,651
Liabilities
$1,568
Net assets
$162,083
Revenue
$300,239
Expenses
$218,401
Net income
$81,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$0.00$5.38$3.46$2.35$1.11
2023Detailed filing. Detailed filing data is available for this year.$4.27$0.00$4.27$3.26$2.38$0.88
2022Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.93$2.65$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.12$0.02$3.11$3.37$2.54$0.83
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.02$2.28$2.59$2.17$0.42
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.05$1.86$2.65$2.56$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.02$1.62$3.00$2.18$0.82
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.03$0.69$2.34$1.87$0.47
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.22$0.83$0.61$0.22