Nonprofit · EIN 81-2718924
2ND CHANCE MS INC
Tax-exempt · OXFORD, MS 38655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $345,669 | $234,604 | $111,065 | $538,211 | $363 | $537,848 |
| December 31, 2023 | 990 | $326,371 | $238,210 | $88,161 | $426,899 | $115 | $426,784 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $314,165
- Program service revenue
- $0
- Investment income
- $14,573
- Net income from fundraising events
- $16,931
- Other revenue
- $16,931
Expenses
- Grants and similar amounts paid
- $117,910
- Compensation of officers, directors and key employees
- $58,884
- Salaries, compensation and benefits (total)
- $62,787
- Professional fundraising fees
- $0
- Legal fees
- $7,046
- Occupancy
- $33,003
- Travel
- $401
- Program services (functional)
- $156,736
- Management and general (functional)
- $64,129
- Fundraising (functional)
- $13,739
Balance sheet and other
- Total assets, start of year
- $426,899
- Total assets, end of year
- $538,211
- Total liabilities, end of year
- $363
- Net assets, end of year
- $537,848
- Net assets without donor restrictions
- $537,848
- Gross receipts
- $376,977
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARH LOMENICK | PROGRAM DIRECTOR Trustee or director, Officer | 40 | $55,000 |
| RICHARD F SCRUGGS | FOUNDER/CHAIRMAN Trustee or director, Officer | 20 | $0 |
| DAVID Z SCRUGGS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| CATHERINE C BEALS | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM THOMAS | BOARD MEMBER Trustee or director | 2 | $0 |
| COLLEEN HARTFIELD | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW MULLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSE MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
| CANDIE SIMMONS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARH LOMENICK | DIRECTOR OF PROGRAMS Trustee or director, Officer | 40 | $55,000 |
| RICHARD F SCRUGGS | CHAIRMAN Trustee or director, Officer | 20 | $0 |
| DAVID Z SCRUGGS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| CATHERINE C BEALS | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| SAM THOMAS | BOARD MEMBER Trustee or director | 2 | $0 |
| COLLEEN HARTFIELD | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW MULLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSE MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
| CANDIE SIMMONS | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1739 UNIVERSITY AVE, OXFORD, MS 38655-4109
- In care of
- % CATHERINE C BEALS
- Principal officer (990 for 2024)
- DAVID Z SCRUGGS, 1739 UNIVERSITY AVE PMB 126, OXFORD, MS 38655
- Signed the 990
- DAVID Z SCRUGGS, PRESIDENT
- Phone
- (601) 265-1895
- Website
- WWW.2NDCHANCEMS.ORG
- Return prepared by
- GRANTHAMPOOLE PLLC
Mission
2ND CHANCE MS WILL RAISE AWARENESS AND FUNDS FOR ADULT EDUCATION AND WORK SKILLS TRAINING.
Program accomplishments
- ADULT BASIC EDUCATION AND SKILL CERTIFICATION PROGRAMS.Expenses $156,736 · grants $117,910
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2718924
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $538,211
- Income (IRS master file)
- $376,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $345,669 | $234,604 | $538,211 | XML |
| 990 | December 2023 | $326,371 | $238,210 | $426,899 | XML |
| 990 | December 2022 | $292,927 | $264,942 | $338,771 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2718924).
Questions about 2ND CHANCE MS INC
- What is the EIN of 2ND CHANCE MS INC?
- The employer identification number (EIN) of 2ND CHANCE MS INC is 81-2718924.
- Is 2ND CHANCE MS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to 2ND CHANCE MS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 2ND CHANCE MS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 2ND CHANCE MS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 2ND CHANCE MS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 2ND CHANCE MS INC?
- The 990 for the year ended December 31, 2024 names DAVID Z SCRUGGS.
- Who are the officers and directors of 2ND CHANCE MS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $55,000 (SARH LOMENICK, PROGRAM DIRECTOR).
- How much revenue does 2ND CHANCE MS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $345,669, expenses of $234,604 and total assets of $538,211 at year end.
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