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Nonprofit · EIN 84-4730397

SECOND CHANCE STUDIOS

Tax-exempt · WASHINGTON, DC 20003

Financials

$111K$89K2023
Revenue Expenses · by fiscal year end
Financials of SECOND CHANCE STUDIOS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ (amended)$111,011$88,810$22,201$0–$0
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$111,011

Expenses

Compensation of officers, directors and key employees
$5,000
Salaries, compensation and benefits (total)
$65,994
Professional fees and payments to contractors
$15,015
Occupancy
$1,216
Other expenses
$6,585
Program services (functional)
$70,382

Balance sheet and other

Total assets, start of year
$9,725
Total assets, end of year
$0
Total liabilities, end of year
–
Net assets, end of year
$0
Gross receipts
$111,011

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Lajuanda AsemotaPresident & CEO40$5,000
Ravi GuptaChairman1$0
Coss MarteVice President1$0
Alfred JohnsonTreasurer1$0
Natalie PapillionDirector1$0
Jordan VaughnDirector1$0

Address and contacts

Address (IRS master file)
611 PENNSYLVANIA AVE SE NUM 143, WASHINGTON, DC 20003-4303
In care of
% MELE BRENGARTH AND ASSOCIATES LLC
Mailing address (990-N for 2025)
611 Pennsylvania Ave SE Num 143, Washington DC 20003
Principal officer (990-N for 2025)
Ravi Gupta, 611 Pennsylvania Ave SE Num 143, Washington DC 20003
Signed the 990-EZ
Ravi Gupta, Chairman
Phone
(202) 552-0221
Return prepared by
MBA Consulting Group

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.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • In 2023, Second Chance Studios wound up operations.
    Expenses $70,382

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
84-4730397
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
2020
Accounting year ends
December
Files
Form 990-N (e-Postcard)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Ravi Gupta
December 31, 2025≤ $50,000 receipts––e-Postcard
990-N for 2024
Officer: Ravi Gupta
December 31, 2024≤ $50,000 receipts––e-Postcard
990-EZDecember 2023$111,011$88,810$0XML
990December 2022$550,317$814,939$9,725IRS
990December 2021–––IRS
990December 2020–––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 84-4730397).

Questions about SECOND CHANCE STUDIOS

What is the EIN of SECOND CHANCE STUDIOS?
The employer identification number (EIN) of SECOND CHANCE STUDIOS is 84-4730397.
Is SECOND CHANCE STUDIOS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to SECOND CHANCE STUDIOS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SECOND CHANCE STUDIOS file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of SECOND CHANCE STUDIOS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SECOND CHANCE STUDIOS last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of SECOND CHANCE STUDIOS?
The 990-N for 2025 names Ravi Gupta.
Who are the officers and directors of SECOND CHANCE STUDIOS?
The 990-EZ for the year ended December 31, 2023 lists 6 people; 1 received compensation from the organization, the highest $5,000 (Lajuanda Asemota, President & CEO).
How much revenue does SECOND CHANCE STUDIOS have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $111,011, expenses of $88,810 and total assets of $0 at year end.

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