2024-11-15T16:21:12-06:00 2023-12-31 480567703 PINION LLC 6125 SKY POND DRIVE SUITE 200 LOVELAND CO 80538 990 2023-01-01 821934334 SECOND CHANCES FOUNDATION SECO 7047791461 PO BOX 2326 GRANBY CO 80446 JASMIN BAMBUR PRESIDENT/EXECUTIVE DIRECTOR 7047791461 2024-11-14 1 1 LANE BUCHANAN P02298510 9706853500 2024-11-11 2023 2024-10-15 13:58:12Z JASMIN BAMBUR PO BOX 2326 GRANBY CO 80446 416909 0 X N/A X 2017 CO TO SUPPORT DISABLED AMATEUR ATHLETES THROUGH EDUCATION AND FINANCIAL ASSISTANCE 5 5 0 5 0 0 320000 410000 0 0 0 6809 0 100 320000 416909 68512 87656 0 0 0 0 0 0 0 6475 21147 74987 108803 245013 308106 543597 853303 0 1600 543597 851703 TO SUPPORT DISABLED AMATEUR ATHLETES THROUGH EDUCATION AND FINANCIAL ASSISTANCE. 0 0 108803 87656 100 TO SUPPORT DISABLED AMATEUR ATHLETES THROUGH EDUCATION AND FINANCIAL ASSISTANCE. 108803 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CO X JASMIN BAMBUR 7047791461 9 COUNTY RD 8946 PO BOX 2326 GRANBY CO 80446 X JASMIN BAMBUR PRESIDENT/EXECUTIVE DIRECT 2.00 X X 0 0 0 ISMAR BAMBUR VICE PRESIDENT 2.00 X X 0 0 0 ILIJA KOSTADINOV SECRETARY 2.00 X X 0 0 0 SARAH BAMBUR TREASURER 2.00 X X 0 0 0 DEJAN ARSOV DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 410000 410000 6809 6809 MISCELLANEOUS 900099 100 100 100 416909 100 0 6809 226 226 87430 87430 1120 1120 19705 19705 BANK & SERVICE FEES 322 322 108803 108803 0 0 467566 489880 307097 19705 0 287392 76031 76031 543597 853303 0 1600 0 1600 X 543597 851703 543597 851703 543597 853303 308106 0 X 0 0 0 X 30000 191755 150000 320000 410000 1101755 30000 191755 150000 320000 410000 1101755 931183 170572 6809 6809 1108564 100 0.15390 0.14260 X DURING THE PERIOD 2019-2023, SECOND CHANCES FOUNDATION DID NOT RECEIVE ONE-THIRD OF ITS TOTAL SUPPORT FROM PUBLIC SOURCES. BASED ON THE FOLLOWING FACTS, SECOND CHANCES FOUNDATION IS PUBLICLY SUPPORTED ACCORDING TO APPLICABLE REGULATIONS.THE FOUNDATION HAS ONLY BEEN IN EXISTENCE SINCE 6/15/2017, THEREFORE 2023 REPRESENTS THE SECOND YEAR THE FOUNDATION HAS EXISTED FOR A FULL 5 YEARS. THE FOUNDATION DID RECEIVE OVER 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC AND HAS INCREASED ITS PUBLIC SUPPORT AS REFLECTED IN THE INCREASE IN THE PUBLIC SUPPORT PERCENTAGE FROM THE PRIOR PERIOD. THE FOUNDATION'S LARGEST EXPENSE IS GRANTS TO DISABLED AMATEUR ATHLETES THROUGH EDUCATION AND FINANCIAL ASSISTANCE, WHICH IS ITS PRIMARY EXEMPT PURPOSE. THIS IS A PURPOSE THAT WILL ATTRACT PUBLIC SUPPORT. HOWEVER, THE COVID-19 PANDEMIC OCCURRED DURING THEIR TESTING PERIOD AND UNFORTUNATELY LIMITED THE ABILITY FOR THE FOUNDATION TO SOLICIT CONTRIBUTIONS THROUGH FUNDRAISING EVENTS AS IS COMMON PRACTICE FOR NONPROFIT ORGANIZATIONS DURING THE YEARS. THIS RESULTED IN THE FOUNDATION NOT MEETING ITS FUNDRAISING TARGETS AS PLANNED FROM 2020-2022. THE ORGANIZATION HAS SINCE INCREASED ITS MARKETING EFFORTS TO GATHER ADDITIONAL PUBLIC SUPPORT IN 2023 GOING FOWARD AND IS WORKING ON A WEBSITE.ADDITIONALLY, THE BOARD OF DIRECTORS CONSTITUTES A REPRESENTATIVE GOVERNING BODY OF PERSONS HAVING SPECIAL KNOWLEDGE OF THE FOUNDATION'S EXEMPT PURPOSE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 307097 19705 287392 287392 OTHER DEPRECIABLE ASSETS 76031 76031 0 MONETARY GRANT 344 87430 JASMIN BAMBUR PRESIDENT/EXECUTIVE DIRECTOR SHORT-TERM LOAN X 1600 1600 0 0 0 1600 FORM 990, PART VI, SECTION A, LINE 2 THE PRESIDENT/EXECUTIVE DIRECTOR AND THE TREASURER HAVE A MARITAL RELATIONSHIP. THE PRESIDENT/EXECUTIVE DIRECTOR AND THE VICE PRESIDENT ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS RETURN PRIOR TO SUBMISSION FOR ELECTRONIC FILING. ANY CONCERNS ARE DIRECTED TO THE BOARD. THE FORM 990 IS SENT TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 DOUCMENTS ARE AVAILABLE UPON REQUEST.