Ability To Succeed Foundation
- Assets
- $205.8k
- Revenue
- $22.1k
- Investments
- $198.4k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-0965202
Organization Overview
Ability To Succeed Foundation is located in Houston, TX. The organization was established in 2011. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ability To Succeed Foundation 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 12/2021, Ability To Succeed Foundation generated $22.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $17.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Bales Director | 1 | $0 | |
Amy Hereford Director | 0 | $0 | |
Karen Chase Director | 0 | $0 | |
Janelle Carson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,692 |
| Capital Gain Net Income | $18,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,323 |
| Contributions, gifts, grants paid | $13,150 |
| Total expenses and disbursements | $17,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,041 |
| Savings and temporary cash investments | $4,865 |
| Net Accounts receivable | $207 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $338 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $198,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $205,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ability To Succeed Foundation has awarded $13,150 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: CHARITABLE | $5,500 |
YMCA OF GREATER HOUSTON PURPOSE: Y TEEN LIFE LEADER TEEN LIFE ACHIEVERS, COLLEGE READINESS | $3,000 |
Dallas, TX PURPOSE: EDUCATION SCHOLARSHIPS | $2,400 |
Federal Way, WA PURPOSE: HEALTH CARE, MEDICINE, DEEP WELL | $1,250 |
Houston, TX PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agenda For Children Inc New Orleans, LA | $5,603,740 | $8,555,608 |
Covenant House New Orleans New Orleans, LA | $11,959,042 | $8,505,240 |
Communities In Schools Of North Texas Inc Lewisville, TX | $5,674,763 | $10,337,403 |
Covenant House Texas Houston, TX | $23,811,889 | $14,643,354 |
Conway County Community Service Inc Morrilton, AR | $2,601,961 | $8,443,108 |
Hands On Healing Residential Treatment Center Inc Baytown, TX | $2,057,295 | $5,655,110 |
Monarch Family Services Houston, TX | $725,146 | $2,180,000 |
Pivot Inc Oklahoma City, OK | $7,446,164 | $4,876,215 |
Angelheart Inc Round Rock, TX | $7,610,397 | $5,653,648 |
A New Day Inc Albuquerque, NM | $3,871,286 | $4,688,778 |
Latino Community Development Agency Inc Oklahoma City, OK | $3,270,690 | $4,199,597 |
Children At Heart Ministries Round Rock, TX | $3,373,626 | $3,837,838 |