Ineos Ican Foundation
- Assets
- $327.5k
- Revenue
- $229.0k
- Investments
- $0.0
- Employees
- 0
- Location
- League City, TX
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 38-3975862
Organization Overview
Ineos Ican Foundation is located in League City, TX. The organization was established in 2016. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. Ineos Ican 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, Ineos Ican Foundation generated $229.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $251.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ineos Ican Foundation has awarded 19 individual grants totaling $189,819. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ICAN FOUNDATION IS THE US CHARITABLE ARM OF INEOS, A LARGE, INTEGRATED, INTERNATIONAL CHEMICAL COMPANY. INEOS BELIEVES IT HAS A RESPONSIBILITY TO HELP DEVELOP OUR COUNTRY'S BEST RESOURCE: ITS NEXT GENERATION. THE ICAN FOUNDATION IS A TEXAS 501(C)(3) NON-PROFIT AND VOLUNTEER ORGANIZATION THAT SUPPORTS OUTREACH EFFORTS FOCUSING ON CHILD HEALTH, EDUCATION, AND THE DEVELOPMENT OF OUR FUTURE WORKFORCE IN HOUSTON AND ITS SURROUNDING AREAS. OUR EFFORTS ARE DIRECTED TOWARDS MAKING A DIFFERENCE IN THE AREAS WHERE WE OPERATE AND LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNATURE PROGRAM, GO RUN FOR FUN, IS A FREE FUN RUN DELIVERED AT SCHOOLS AND CLUBS THAT'S DESIGNED TO HELP CHILDREN AGES 5-11 DEVELOP GOOD EXERCISE HABITS BY SHOWING THEM THAT PHYSICAL ACTIVITY CAN BE FUN. IN 2021, THE DAILY MILE AND GO RUN FOR FUN EVENTS TO OVER 127,980 STUDENTS.
WE PROVIDE FUNDING AND SUPPORT TO TEACHERS IN THE AREAS WHERE WE OPERATE AND LIVE. THIS FUNDING IS DESIGNED TO ENABLE TEACHERS TO EXTEND THEIR EDUCATIONAL CURRICULUM IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM EDUCATION).
THE DAILY MILE IS A FREE, WHOLE CHILD HEALTH PROGRAM FOR SCHOOLS AND OTHER YOUTH ORGANIZATIONS. FOCUSED MAINLY ON ELEMENTARY SCHOOL AGED CHILDREN, IT GETS KIDS AND THEIR TEACHERS OUTSIDE TO RUN, JOG, OR WALK AT THEIR OWN PACE FOR AN ADDITIONAL 15 MINUTES EACH SCHOOL DAY. IT IS PROVEN IN MULTIPLE UNIVERSITY STUDIES TO PROMOTE PHYSICAL HEALTH, ALONG WITH MENTAL HEALTH AND RELATIONSHIP-BUILDING AMONG STUDENTS AND THEIR TEACHERS. CHILDREN RETURN TO CLASS MORE FOCUSED, IMPROVING CLASSROOM MANAGEMENT AND LEARNING. ACROSS THE USA, 314 SCHOOLS (124,000 CHILDREN) WERE DOING THE DAILY MILE IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Williams Director | OfficerTrustee | 1 | $0 |
Tim Avery President | Officer | 1 | $0 |
Rob Osterhold Director | Officer | 1 | $0 |
Sara Cassells Secretary | Officer | 40 | $0 |
Kathryn Shuler Executive Di | Officer | 38 | $0 |
Marie Boykin Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,318 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,059 |
| Noncash contributions included in lines 1a–1f | $94,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,377 |
| 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 | $11,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,182 |
| 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 | $0 |
| All other expenses | $6,446 |
| Total functional expenses | $251,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,588 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $327,514 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $327,514 |
| 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 | $327,514 |
Grants Awarded
Over the last fiscal year, Ineos Ican Foundation has awarded $67,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Dickinson, TX | | $14,100 |
Alvin, TX PURPOSE: EDUCATIONAL ASSISTAN | $14,000 |
Danbury, TX PURPOSE: EDUCATIONAL ASSISTAN | $9,700 |
Deer Park, TX PURPOSE: EDUCATIONAL ASSISTAN | $6,900 |
La Porte, TX | | $5,900 |
Texas City, TX | | $5,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ineos Ican Foundation has recieved totaling $9,638.
| Awarding Organization | Amount |
|---|---|
Running Alliance Sport Inc Friendswood, TX PURPOSE: GENERAL SUPPORT DONATION. | $9,166 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Farleys Boys Ranch Foundation Amarillo, TX | $353,153,021 | $39,306,291 |
Collaborative For Children Houston, TX | $4,167,922 | $11,693,599 |
All Church Home For Children Foundation Fort Worth, TX | $118,594,523 | $22,732,267 |
Tafb-Spe Fort Worth, TX | $0 | $5,833,618 |
Vogel Alcove Foundation Dallas, TX | $9,750,869 | $194,747 |
Salesmanship Club Charitable Golf Of Dallas Inc Dallas, TX | $8,698,636 | $3,698,308 |
Foundation For Depelchin Childrens Center Houston, TX | $123,667,636 | $6,194,433 |
Happy Hill Farm Childrens Home Endowment Foundation Granbury, TX | $19,140,603 | -$2,043,061 |
Lee Moor Childrens Home Trust Estate El Paso, TX | $68,806,563 | $8,958,726 |
Halftime Institute Irving, TX | $1,087,159 | $1,969,897 |
Lena Pope Foundation Inc Fort Worth, TX | $49,220,711 | $4,881,969 |
Gladney Fund Fort Worth, TX | $29,798,123 | $2,368,099 |