Overview
What is Nhs Second Chance Inc?
Nhs Second Chance Inc is a nonprofit organization based in Fernandina Beach, Florida, located at 639 Airport Road. Their primary mission is to operate a resale store, selling donated items such as furniture, clothing, dishware, exercise equipment, rugs, bikes, kitchenware, and other household goods. The proceeds from the sales are dedicated to supporting animal rescue and welfare organizations in and around Nassau County, Florida, that have qualified as 501(C)(3) entities under the IRS code. The organization currently employs 22 individuals in carrying out this worthwhile mission.
Official website here: www.nassauhumane.org/secondchance
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80% (Three-Star out of Four Star rating)
NHS Second Chance Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable performance in accountability and finance. The charity's overall score is exclusively derived from financial metrics, highlighting its strong compliance with financial management practices. The organization demonstrates transparency and integrity, evidenced by its majority independent board and absence of material asset diversion.
The charity excels in several key areas, achieving full marks in aspects like its conflict of interest policy, whistleblower policy, and the documentation of board meeting minutes. Additionally, it has a strong program expense ratio, indicating that all of its expenses are directed towards its programs. This reflects a commitment to effectively utilize resources for its intended mission.
However, while the financial stability appears robust with a low liabilities-to-assets ratio, the working capital ratio of 0.69 years suggests potential challenges in maintaining liquidity for future operations. Overall, NHS Second Chance Inc shows strengths in governance and financial accountability but may need to focus on enhancing its financial reserves for better sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nhs Second Chance Inc legitimate?
Nhs Second Chance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nhs Second Chance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,627
For more financial information, click here
Official website here: www.nassauhumane.org/secondchance
What is the mission statement of Nhs Second Chance Inc?
Nhs Second Chance Inc is dedicated to raising funds for animal rescue and welfare organizations that meet the criteria of being a 501(C)(3) entity. The organization accomplishes this through the operation of a resale store. The store sells a variety of donated items, including furniture, clothing, dishware, exercise equipment, rugs, bikes, kitchenware, and household goods. By operating this resale store, Nhs Second Chance Inc is able to provide financial support to these eligible organizations and contribute to their important work in the animal welfare community. The organization's goal is to make a positive impact on the lives of animals in need.
Official website here: www.nassauhumane.org/secondchance
Who is the CEO of Nhs Second Chance Inc?
Elizabeth Hughes is the President of Nhs Second Chance Inc.
Official website here: www.nassauhumane.org/secondchance
What is the revenue of Nhs Second Chance Inc?
Nhs Second Chance Inc's revenue in 2022 was $2,112,588.
Official website here: www.nassauhumane.org/secondchance
Who are the executives of Nhs Second Chance Inc and what are their salaries?
The average compensation at Nhs Second Chance Inc during 2022 was $13,028. There are 22 employees and 50 volunteers at Nhs Second Chance Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nassauhumane.org/secondchance
Where can I find the form 990 for Nhs Second Chance Inc?
Nhs Second Chance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nassauhumane.org/secondchance
Learn more at the official website: www.nassauhumane.org/secondchance
Mission Statement of Nhs Second Chance Inc
Nhs Second Chance Inc, a nonprofit organization, is committed to raising funds for animal rescue and welfare organizations that hold 501(C)(3) status in their community. Through the operation of a resale store, they source and sell donated items such as furniture, clothing, dishware, exercise equipment, rugs, bikes, kitchenware, and other household goods.
In their mission to support animal welfare, Nhs Second Chance Inc acquires a vast array of donated items and sells them at affordable prices in their resale store. The proceeds from these sales are then distributed to qualified 501(C)(3) animal rescue and welfare organizations within their network. By providing a consistent revenue stream, Nhs Second Chance Inc enables these organizations to continue their essential work in caring for and rehabilitating animals in need.
Nhs Second Chance Inc goes beyond just raising funds; they contribute to their community by promoting the circular economy, reducing waste, and providing affordable options for households. The organization's resale store not only generates income but also offers a platform for the community to donate items that would otherwise be discarded. In doing so, they foster a culture of sustainability and give new life to gently-used items. The proceeds from these sales are a testament to the power of community engagement and the collective impact it can have on animal welfare in their region.
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Impact
October, 2024
NHS Second Chance Inc significantly impacts the community by operating a resale store that generates essential funding for animal rescue and welfare organizations in and around Fernandina Beach, Florida. By selling a variety of donated items—such as furniture, clothing, kitchenware, and exercise equipment—the organization creates a sustainable source of revenue that supports local animal charities qualifying under the IRS 501(c)(3) status.
This initiative not only helps in raising funds but also promotes recycling and reusing goods, which contributes to environmental sustainability. The resale store provides the community with affordable shopping options while directly benefiting vulnerable animals in need of care and shelter. Additionally, it fosters a spirit of community involvement and awareness regarding animal welfare issues, encouraging residents to participate through donations and purchases, thus creating a ripple effect of positive change within the region.
This information is meant to be a general summary of Nhs Second Chance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,330
- Program Service Revenue: $1,047,929
- Gross Receipts: $2,112,588
Assets and Liabilities:
- Total Assets: $749,815
- Total Liabilities: $7,239
- Net Assets: $742,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECOND CHANCE STORE
Revenue
$1,047,929
Organization Details
Founding Year
2015
Phone
(904) 321-1647Principal Officer
Elizabeth Hughes
Main Address
639 AIRPORT ROAD, FERNANDINA BEACH, FL, 32034
NTEE Category
Code: D12 - Animals
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