Ability To Succeed Foundation
- Assets
- $223.4k
- Revenue
- $13.4k
- Investments
- $214.0k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2011
- Data as of
- 12/2023
- 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 12/2023, Ability To Succeed Foundation generated $13.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $17.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 5 years. 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
2023
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 | |
Karen Chase Director | 0 | $0 | |
Amy Hereford Director | 0 | $0 | |
Janelle Carson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,814 |
| Capital Gain Net Income | $8,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,251 |
| Contributions, gifts, grants paid | $13,515 |
| Total expenses and disbursements | $17,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,667 |
| Net Accounts receivable | $306 |
| 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 | $430 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $213,973 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $223,376 |
| 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 $13,515 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFT-UP PURPOSE: PROVIDE FOOD TO FAMILIES | $3,515 |
YMCA OF GREATER HOUSTON PURPOSE: HP LAB | $2,500 |
COMMUNITIES IN SCHOOLS OF HOUSTON PURPOSE: GENERAL OPERATING FUNDS | $750 |
WORLD VISION PURPOSE: EDUCATION FOR CHILDREN, SCHOOL SUPPLIES, CLEAN WATER | $6,750 |