Second Chance Toys Inc

Nonprofit profile at a glance

EIN
800581325
IRS 990-EZ coverage
2014–2022
Forms available
Form 990-EZ 2022
Location
Springfield, NJ, USA
Phone
9083071870
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Gift Distribution

Official website

Reported finances

Revenue
$61,952
Expenses
$55,218
Assets
$36,892
Liabilities
$3,500

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • SHERRY MARIN ALTMAN (BOARD TRUSTEE)
  • LESLIE LEVENTMAN (BOARD TRUSTEE)
  • KEREN VERED (BOARD TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Second chance toys rescues and recycles plastic toys for children in need at local community organizations while at the same time, helping the environment.

What it reported doing in 2022

Many plastic toys are disposed of when they could still be used. Given the nature of plastic, these toys often show little signs of wear and are still in good working condition. When these perfectly usable toys are thrown out, they become waste in a landfill, take up a lot of space and do not biodegrade. Hand in hand with this unnecessary waste is the fact that many children throughout the united states, who could benefit from these toys, go without them. Toys can be important to a child's development and can help with creativity and imagination. Second chance toys collected and donated over 22,187 toys during 2021.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Sustainability: 48
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.5%; rating input score 81
  • Program expense ratio: 91.4%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 10.9%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -12.3% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -13.9% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -13.7% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 81.5% of revenue deployed · 91.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $50K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.