Able Works
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- San Francisco, CA
- Founding
- 08/2006
- Data as of
- 09/2022
- EIN
- 20-2175098
Organization Overview
Able Works is located in San Francisco, CA. The organization was established in 2006. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Able Works employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able Works is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Able Works generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.2m during the year ending 09/2022. While expenses have increased by 14.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ABLE WORKS EQUIPS INDIVIDUALS WITH FINANCIAL EDUCATION, LIFE SKILLS AND ASSETS THAT ENABLE THEM TO LIVE FREE FROM OPPRESSION AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM: THE "FUTUREPROFITS" PROGRAM GOAL IS TO ENSURE JUNIOR AND SENIOR HIGH SCHOOL STUDENTS GAIN A GREATER VISION FOR THEIR FUTURE, INCREASE FINANCIAL KNOWLEDGE, BUILD HEALTHY FINANCIAL HABITS, AND IDENTIFY AND DRIVE THEIR OWN PATHWAY TOWARDS ECONOMIC FREEDOM. THIS PROGRAM OFFERS 24 LESSONS TO STUDENTS THROUGHOUT THE ACADEMIC YEAR.
SEXUAL RISK AVOIDANCE EDUCATION PROGRAM: "PROJECT CONNECT 209" IS A TEEN INTERVENTION PROGRAM FOR YOUTH AGES 12-19 IN STANISLAUS AND MERCED COUNTIES. THE GOAL OF THE PROGRAM IS TO DECREASE SEXUAL RISK BEHAVIORS, PREGNANCY AND STI'S AND INCREASE HEALTHY DECISION-MAKING AND RELATIONSHIPS AMONG HISPANIC/LATINX TEENS.
YOUTH PROGRAM: THE ACHIEVEABLE PROGRAM GOAL IS TO ENSURE THAT GRADUATING HIGH SCHOOL SENIORS WHO ARE NOT IMMEDIATELY ATTENDING A 4-YEAR COLLEGE SUCCESSFULLY PURSUE AND COMPLETE AN INDUSTRY RECOGNIZED DEGREE AT A LOCAL COMMUNITY COLLEGE. MANY STUDENTS WILL TRANSFER TO 4-YEAR COLLEGES TO PURSUE BACHELORS DEGREES . THIS IS A 24 MONTH PROGRAM WHICH INVOLVES WEEKLY COHORT MEETINGS, 1:1 COACHING, AND TEAM BUILDING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Liotti CEO | OfficerTrustee | 60 | $124,002 |
Doug Morton Treasurer | OfficerTrustee | 2 | $0 |
Michelle Goudeaux Chairperson | OfficerTrustee | 8 | $0 |
Jay Chung Secretary | OfficerTrustee | 4 | $0 |
Georgina Aubin Director | Trustee | 2 | $0 |
Rev Paul Bains Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $448,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $838,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,286,678 |
| Total Program Service Revenue | $140,000 |
| Investment income | $1,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,152 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,671,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,002 |
| Compensation of current officers, directors, key employees. | $9,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,044,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $285,253 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,444 |
| Advertising and promotion | $0 |
| Office expenses | $17,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,950 |
| Travel | $31,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,008 |
| Interest | $15,580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,860 |
| Insurance | $10,326 |
| All other expenses | $35,796 |
| Total functional expenses | $2,167,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,756 |
| Savings and temporary cash investments | $206,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,561 |
| Net Land, buildings, and equipment | $196,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,078 |
| Other assets | $176,381 |
| Total assets | $1,136,349 |
| Accounts payable and accrued expenses | $53,904 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $254,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,646 |
| Total liabilities | $374,965 |
| Net assets without donor restrictions | $631,053 |
| Net assets with donor restrictions | $130,331 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,136,349 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Able Works has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Urbanek Family Foundation Menlo Park, CA PURPOSE: UNRESTRICTED CHARITABLE DONATION | $10,000 |
Lowell Berry Foundation Lafayette, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $24,289 |
| Earnings | -$3,975 |
| Ending Balance | $20,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |