FURP.ORG / PUBLIC DATA EXPLORER

SECOND CHANCE FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
SECOND CHANCE FOUNDATION (EIN 31-1494451)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-07-20
IRS object ID
201142019349100604
Schema version
2010v3.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-07-20T16:22:40-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LAPORTE SEHRT ROMIG & HAND CPASBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line15100 VILLAGE WALK SUITE 300AddressLine1
CityCOVINGTONCity
StateLAState
ZIP Code70433ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN311494451EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SECOND CHANCE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSECONameControl
Phone9858717181Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1517 NORTH NEW HAMPSHIREAddressLine1
CityCOVINGTONCity
StateLAState
ZIP Code70433ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL G SANDERSONName
TitlePRESIDENTTitle
Phone9858717181Phone
Date Signed2011-07-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCHAVGNEY G PIERCE CPA ABVName
Phone9858925850Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY73FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss72550ContriReceivedRevAndExpnss
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses72550TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Oth Empl Slrs Wgs Rev And Expnss12000OthEmplSlrsWgsRevAndExpnss
Oth Empl Slrs Wgs Net Invst Incm0OthEmplSlrsWgsNetInvstIncm
Oth Empl Slrs Wgs Dsbrs Chrtbl Prps12000OthEmplSlrsWgsDsbrsChrtblPrps
Legal Fees Rev And Expnss118LegalFeesRevAndExpnss
Legal Fees Net Invst Incm0LegalFeesNetInvstIncm
Legal Fees Dsbrs Chrtbl Prps118LegalFeesDsbrsChrtblPrps
Accounting Fees Rev And Expnss541AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps541AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss5TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps5TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss145OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps144OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss12809TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps12808TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss59734ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps59734ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss72543TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps72542TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses7ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY66CashBOY
Cash EOY73CashEOY
Total Assets BOY66TotalAssetsBOY
Total Assets EOY73TotalAssetsEOY
Total Assets EOYFMV73TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY66RetainedEarningsBOY
Retained Earnings EOY73RetainedEarningsEOY
Total Net Assets BOY66TotalNetAssetsBOY
Total Net Assets EOY73TotalNetAssetsEOY
Total Liabilities Net Assets BOY66TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY73TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY66TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses7ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal73Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY73TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year169122QualifyingDistributionsYear1
Noncharitable Assets Year11000NoncharitableAssetsYear1
Distribution Ratio Year169.122000DistributionRatioYear1
Qualifying Distributions Year293839QualifyingDistributionsYear2
Noncharitable Assets Year2312NoncharitableAssetsYear2
Distribution Ratio Year2300.766026DistributionRatioYear2
Qualifying Distributions Year370544QualifyingDistributionsYear3
Noncharitable Assets Year31181NoncharitableAssetsYear3
Distribution Ratio Year359.732430DistributionRatioYear3
Qualifying Distributions Year4117272QualifyingDistributionsYear4
Noncharitable Assets Year41086NoncharitableAssetsYear4
Distribution Ratio Year4107.985267DistributionRatioYear4
Qualifying Distributions Year531662QualifyingDistributionsYear5
Noncharitable Assets Year5711NoncharitableAssetsYear5
Distribution Ratio Year544.531646DistributionRatioYear5
Total Distribution Ratio582.137369TotalDistributionRatio
Average Distribution Ratio116.427474AverageDistributionRatio
Net Noncharitable Assets542NetNoncharitableAssets
Adjusted Noncharitable Assets63104AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One63104AdjNonchrtblAssetsAndOnePct
Qualifying Distributions72542QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets0AtLeast5000InAssets
States Filed WithLAStatesFiledWith
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors1NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameMICHAEL G SANDERSONBooksInCareOfPersonName
Books In Care Of Phone Number9858717181BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1517 N NEW HAMPSHIRE STREETAddressLine1
CityCOVINGTONCity
StateLAState
ZIP Code70433ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Tr Fail To Qualify As Exceptions0TrFailToQualifyAsExceptions
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
MICHAEL G SANDERSON
517 NORTH NEW HAMPSHIRECOVINTONLA70433DIRECTOR / PRESIDENT1.00000
DAVID ISRAEL
517 NORTH NEW HAMPSHIRECOVINTONLA70433DIRECTOR / SECR. - TREAS.1.00000
ALLYSON MAY
517 NORTH NEW HAMPSHIRECOVINTONLA70433FOUNDATION MANAGER1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances550AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets550TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets550AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable8CashDeemedCharitable
Net Noncharitable Assets542NetNoncharitableAssets
Minimum Investment Return27MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return27MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj27DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded27DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted27DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions72542ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions72542QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions72542AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted27DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year531626ExcessDistriCarryoverYear5
Excess Distri Carryover Year4117218ExcessDistriCarryoverYear4
Excess Distri Carryover Year370485ExcessDistriCarryoverYear3
Excess Distri Carryover Year293823ExcessDistriCarryoverYear2
Excess Distri Carryover Year169072ExcessDistriCarryoverYear1
Total Excess Distri Carryover382224TotalExcessDistriCarryover
Qualifying Distributions72542QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year27AppliedToCurrentYear
Remaining Distri From Corpus72515RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus454739TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year531626ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year423113ExcessDistriCyovToNextYear
Excess From Year4117218ExcessFromYear4
Excess From Year370485ExcessFromYear3
Excess From Year293823ExcessFromYear2
Excess From Year169072ExcessFromYear1
Excess From Current Year72515ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (8 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
BRIDGE HOUSE
1160 CAMP STREETNEW ORLEANSLA70130NONE501(C)(3)CHARITABLE$1,000
E3 PARTNERS MINISTRY
2001 W PLANO PKWY 2600PLANOTX75075NONE501(C)(3)CHARITABLE$3,600
JESSICA MARAS- SCHOLARSHIP
32013 THOMAS CEMETARY RDBUSHLA70431NONEEDUCATIONAL$14,684
JL FOUNDATION
21223 WATERFRONT EAST DRIVEMAUREPASLA70449NONE501(C)(3)CHARITABLE$5,000
RICH MAUTI CANCER FUND
304 PLANTATION DRIVEMANDEVILLELA70471NONE501(C)(3)CHARITABLE$2,500
ST SCHOLASTICA ACADEMY
PO BOX 1210COVINGTONLA70434NONE501(C)(3)CHARITABLE$500
TURN AROUND VILLAGE LTD
PO BOX 1033COVINGTONLA70434NONE501(C)(3)CHARITABLE$7,250
UPWARD COMMUNITY
P O BOX 630COVINGTONLA70434NONE501(C)(3)CHARITABLE$25,200
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year59734TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA0TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualMICHAEL G SANDERSONContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1517 NORTH NEW HAMPSHIREAddressLine1
CityCOVINGTONCity
StateLAState
ZIP Code70433ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions72550AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$541Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps541DisbursementsCharitablePrps

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategory
Amount$118Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps118DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionBANK CHARGESDescription
Revenue And Expenses Per Books145RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps144DisbursementsCharitablePrps

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameMICHAEL G SANDERSONPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1517 NORTH NEW HAMPSHIREAddressLine1
CityCOVINGTONCity
StateLAState
ZIP Code70433ZIPCode

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryLICENSE & TAXESCategory
Amount$5Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps5DisbursementsCharitablePrps