Civic Intelligence

Second Chance Studios

EIN 84-4730397 • 501(c)3 • Washington, DC

Profile

The mission of Second Chance Studios is to employ, train and empower formerly incarcerated individuals from New York City to help them gain a marketable skill-set and overcome the barriers to re-joining the workforce.

611 Pennsylvania Ave SE 143Washington, DC 20003

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 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $9,725 (-100%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$0

Up $22,201 (+100%) from 2022

Revenue

Down

$111,011

Down $439,306 (-80%) from 2022

Expenses

Down

$88,810

Down $726,129 (-89%) from 2022

Net Income

Up

$22,201

Up $286,823 (+108%) from 2022

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2020: $136,474Liabilities 2020: $11,833Net Assets 2020: $124,6412020Assets 2021: $245,263Liabilities 2021: $2,842Net Assets 2021: $242,4212021Assets 2022: $9,725Liabilities 2022: $31,926Net Assets 2022: -$22,2012022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $202,745Expenses 2020: $78,104Net Income 2020: $124,6412020Revenue 2021: $458,151Expenses 2021: $340,371Net Income 2021: $117,7802021Revenue 2022: $550,317Expenses 2022: $814,939Net Income 2022: -$264,6222022Revenue 2023: $111,011Expenses 2023: $88,810Net Income 2023: $22,2012023

Highlighted filing

2023

Revenue$111,011
Expenses$88,810
Net Income$22,201

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$111,011
Mission and Program Overview

Mission

The mission of Second Chance Studios is to employ, train and empower formerly incarcerated individuals from New York City to help them gain a marketable skill-set and overcome the barriers to re-joining the workforce.

Program Services

DescriptionGrantsExpenses
In 2023, Second Chance Studios wound up operations.-$70,382
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lajuanda AsemotaPresident & CEOFT$5,000-$5,000
Ravi GuptaChairman-$0--
Coss MarteVice President-$0--
Alfred JohnsonTreasurer-$0--
Natalie PapillionDirector-$0--
Jordan VaughnDirector-$0--
Filing and Contact Details

Filer

Filer Name
Second Chance Studios
EIN
84-4730397
Phone
2025520221
Address
611 Pennsylvania Ave SE 143, Washington, DC 20003

Signing Officer

Name
Ravi Gupta
Title
Chairman
Signed
2024-05-22
Discuss with paid preparer
Yes

Preparer

Firm
MBA Consulting Group
Address
611 Pennsylvania Ave SE Num 143, Washington, DC 20003
Preparer
Steve Mele
Phone
2025520221
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $600

Other Expenses.1002

Office Expenses $1401

Other Expenses.1003

Information Technology $2608

Other Expenses.1012

Insurance $894

Other Expenses.1

Merchant Fees $627

Other Expenses.2

Bank Fees $455

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $31926 Accounts Payable and Accrued Expenses - Ending $0

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No mirrored PDF or thumbnail assets are attached yet.