Capable
- Assets
- $540.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Mammoth Lakes, CA
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-8086140
Organization Overview
Capable is located in Mammoth Lakes, CA. The organization was established in 2007. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Capable employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capable 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 12/2022, Capable generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. 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
TO END EXTREME POVERTY IN NORTHERN UGANDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UGANDA: OUR GOAL IS TO SEE OUR CLIENTS TRANSITION TO COMMERCIAL FARMING, DIVERSIFY THEIR INCOME, AND CONSISTENTLY LIVE ABOVE THE EXTREME POVERTY LINE. WE OPERATE A TWO-YEAR PROGRAM THAT PROVIDES INTENSIVE TRAINING, ONE-ON-ONE BUSINESS MENTORSHIP, INDIVIDUALIZED COUNSELING, LOW COST-FINANCING, AND MARKET LINKAGE. OUR TEAMS (AGRONOMIST, BUSINESS MENTOR, AND COUNSELOR) PARTNER WITH GROUPS OF 30 HOUSEHOLDS AND WORK ALONGSIDE THEM ONE DAY A WEEK FOR THE ENTIRE PROGRAM.AT THE END OF 2022 OUR CLIENTS SAW THEIR INCOME REACH $3.28 / HOUSEHOLD MEMBER / DAY (PURCHASING POWER PARITY). A 7.5X INCREASE FROM BASELINE THAT BROUGHT THEIR FAMILIES WELL ABOVE THE EXTREME POVERTY LINE. WE SPENT $1.11M IN 2022, OUR CLIENTS EARNED OVER $3.48 MILLION IN THE SAME PERIOD. A REAL TIME ROI OF 213%OUR POST-PROGRAM M&E HAS SHOWN THAT CLIENTS REMAIN OUT OF EXTREME POVERTY. GROUPS TRANSITION INTO FARMING COOPERATIVES AND EXTEND MEMBERSHIP TO OTHERS IN THEIR COMMUNITIES. NEW COOPERATIVE MEMBERS ARE EARNING ABOVE THE EXTREME POVERTY LINE AND 8X MORE THAN THEIR PEERS WITHOUT RECEIVING ANY DIRECT SERVICES FROM US. THIS CATALYTIC IMPACT HAS HELPED US REACH OVER 18,000 INDIVIDUALS OVER THE LAST FIVE YEARS. WE'LL ADD AN ADDITIONAL 21,600 INDIVIDUALS IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Galaway Executive Dir. | OfficerTrustee | 40 | $111,000 |
Tyler Lafferty Director | Trustee | 1 | $0 |
Doreen White Director | Trustee | 1 | $0 |
Roberta Romano Isaacs Director | Trustee | 1 | $0 |
Kimberly Westerfield Director | Trustee | 1 | $0 |
David Oyite Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,071,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,778 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,071,778 |
| 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 | $794,040 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,000 |
| Compensation of current officers, directors, key employees. | $27,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,065 |
| Payroll taxes | $16,244 |
| 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 | $13,020 |
| Advertising and promotion | $5,800 |
| Office expenses | $6,646 |
| Information technology | $24,909 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,919 |
| All other expenses | $529 |
| Total functional expenses | $1,113,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,277 |
| Accounts payable and accrued expenses | $2,713 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,434 |
| Total liabilities | $14,147 |
| Net assets without donor restrictions | $526,130 |
| Net assets with donor restrictions | $0 |
| 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 | $540,277 |