Ability Tree Inc
- Assets
- $304.8k
- Revenue
- $570.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Port Saint Lucie, FL
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 27-3020956
Organization Overview
Ability Tree Inc is located in Port Saint Lucie, FL. The organization was established in 2018. According to its NTEE Classification (P46) the organization is classified as: Family Counseling, under the broad grouping of Human Services and related organizations. As of 12/2023, Ability Tree Inc employed 6 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ability Tree Inc 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 12/2023, Ability Tree Inc generated $570.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMING ALONGSIDE FAMILIES OF CHILDREN WITH SPECIAL NEEDS AND EQUIPPING ORGANIZATIONS THROUGH RECREATION, EDUCATION, SUPPORT, AND TRAINING (R.E.S.T.).
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMING ALONGSIDE FAMILIES OF CHILDREN WITH SPECIAL NEEDS AND EQUIPPING ORGANIZATIONS THROUGH RECREATION, EDUCATION, SUPPORT, AND TRAINING (R.E.S.T.).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Butler Director | Trustee | 40 | $0 |
Jason James Director | Trustee | 1 | $0 |
Connor Ketterling Director | Trustee | 1 | $0 |
Jermel Mayo Board Chair | OfficerTrustee | 1 | $0 |
Joe Butler CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,621 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,113 |
| 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 | $254,324 |
| Net Income from Fundraising Events | -$52,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,973 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,837 |
| Fees for services: Accounting | $10,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,853 |
| Advertising and promotion | $4,298 |
| Office expenses | $42,549 |
| Information technology | $20,116 |
| Royalties | $0 |
| Occupancy | $5,317 |
| Travel | $63,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,056 |
| Interest | $4,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,657 |
| Insurance | $2,518 |
| All other expenses | $7,678 |
| Total functional expenses | $2,566,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $58,646 |
| Accounts receivable, net | $0 |
| 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 | $36,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,667 |
| Other assets | $0 |
| Total assets | $304,819 |
| Accounts payable and accrued expenses | $55,633 |
| 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 | $12,619 |
| Other liabilities | $0 |
| Total liabilities | $68,252 |
| Net assets without donor restrictions | $236,567 |
| 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 | $304,819 |