Believe It Foundation
- Assets
- $450.9k
- Revenue
- $362.1k
- Investments
- $250.3k
- Employees
- 1
- Location
- San Antonio, TX
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 30-0512535
Organization Overview
Believe It Foundation is located in San Antonio, TX. The organization was established in 2009. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe It 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 12/2022, Believe It Foundation generated $362.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $541.7k during the year ending 12/2022. 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
ORGANIZATION'S PURPOSE IS TO ENRICH THE LIVES OF PHYSICALLY CHALLENGED CHILDREN THROUGH THE INCLUSION OF THOSE CHILDREN IN THE LIVES AND EXPERIENCES OF THOSE WHO DO NOT FACE THE SAME LIMITATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OPPORTUNITIES FOR THE INCLUSION OF PHYSICALLY CHALLENGED CHILDREN IN ACTIVITIES WITH CHILDREN WHO DO NOT FACE THE SAME LIMITATIONS THROUGH CAMP AND SOCIAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William K Mcginnis Program Director | Trustee | 40 | $66,000 |
Cecile Mcallister Secretary | Officer | 1 | $26,380 |
Andrew Mcallister President | OfficerTrustee | 5 | $0 |
David Mcallister Treasurer | Officer | 1 | $0 |
Brooke Peacock Director | Trustee | 1 | $0 |
Hunter Kingman 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 | $368,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,078 |
| Total Program Service Revenue | $0 |
| Investment income | $7,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,097 |
| 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. | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,050 |
| Fees for services: Management | $25,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,000 |
| Fees for services: Investment Management | $3,924 |
| Fees for services: Other | $880 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $809 |
| All other expenses | $0 |
| Total functional expenses | $541,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $250,324 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,855 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,449 |
| Total liabilities | $1,449 |
| Net assets without donor restrictions | $0 |
| 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 | $449,406 |
| Total liabilities and net assets/fund balances | $450,855 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Believe It Foundation has recieved totaling $343,105.
| Awarding Organization | Amount |
|---|---|
Nancy Smith Hurd Foundation Tr San Antonio, TX PURPOSE: PURCHASE 40 ADAPTIVE BIKES FOR BELIEVE IT BIKES PROGRAM | $100,000 |
San Antonio Area Foundation San Antonio, TX PURPOSE: SUPPORT | $50,000 |
The Charity Ball Association Of San Antonio Inc San Antonio, TX PURPOSE: FBO CHILDREN | $50,000 |
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $30,000 |
Betty Stieren Kelso Foundation San Antonio, TX PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Arkansas Little Rock, AR | $23,732,566 | $24,999,383 |
Autistic Treatment Center Inc Dallas, TX | $22,514,899 | $18,901,851 |
Easter Seal Rehabilitation Center Inc San Antonio, TX | $7,527,457 | $14,173,933 |
Easter Seals Rio Grande Valley Mcallen, TX | $4,627,786 | $11,473,569 |
Easter Seals Louisiana Inc New Orleans, LA | $13,816,705 | $11,470,039 |
Paso Del Norte Childrens Development Center El Paso, TX | $7,192,011 | $8,677,055 |
Warren Center Inc Richardson, TX | $2,829,339 | $7,869,523 |
Easter Seals-Central Texas Inc Austin, TX | $3,188,453 | $7,518,080 |
Bay Area Rehabilitation Center Baytown, TX | $3,911,868 | $6,532,684 |
Liferoots Inc Albuquerque, NM | $6,091,291 | $6,833,932 |
South Arkansas Developmental Center For Children And Families El Dorado, AR | $2,635,089 | $4,644,541 |
Sistema Infantil Teleton Usa San Antonio, TX | $2,139,346 | $5,685,977 |