Able Incorporated
- Assets
- $30.3m
- Revenue
- $15.2m
- Investments
- $28.0k
- Employees
- 338
- Location
- Dickinson, ND
- Founding
- 05/1985
- Data as of
- 06/2023
- EIN
- 45-0379352
Organization Overview
Able Incorporated is located in Dickinson, ND. The organization was established in 1985. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Able Incorporated employed 338 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able Incorporated 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 06/2023, Able Incorporated generated $15.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $13.6m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HUMAN SERVICES: SUPPORTING PEOPLE WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
PROVIDES DAY SUPPORTS/EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES, PROVIDE RESIDENTIAL SUPPORT IN MSLA/ICF FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND ISLA/SLA/FAMILY SUPPORT - SUPPORTED INDIVIDUALS FOR INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Pearson President | OfficerTrustee | 1 | $0 |
Art Wanner Vice President | OfficerTrustee | 1 | $0 |
Shea Miller Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mary Anderson Executive Director | Officer | 40 | $129,902 |
Michael Klein CFO | Officer | 40 | $105,425 |
Shelley Flaget Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,890,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,967 |
| Noncash contributions included in lines 1a–1f | $571,822 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,646,608 |
| Total Program Service Revenue | $665,897 |
| Investment income | $41,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$386,148 |
| Net Gain/Loss on Asset Sales | -$64,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,194,505 |
| 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. | $285,550 |
| Compensation of current officers, directors, key employees. | $4,104 |
| Compensation to disqualified persons | $7,184,750 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $277,542 |
| Other employee benefits | $0 |
| Payroll taxes | $569,219 |
| Fees for services: Management | $66,817 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,815 |
| Office expenses | $150,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $512,975 |
| Travel | $93,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,759 |
| Interest | $328,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $434,985 |
| Insurance | $1,042,183 |
| All other expenses | $88,106 |
| Total functional expenses | $13,610,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,741,708 |
| Savings and temporary cash investments | $266,923 |
| Pledges and grants receivable | $152,415 |
| Accounts receivable, net | $1,195,638 |
| 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 | $102,913 |
| Net Land, buildings, and equipment | $12,444,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,334,794 |
| Total assets | $30,267,018 |
| Accounts payable and accrued expenses | $1,262,159 |
| Grants payable | $0 |
| Deferred revenue | $695 |
| 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 | $12,272,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,534,906 |
| Net assets without donor restrictions | $16,299,998 |
| Net assets with donor restrictions | $432,114 |
| 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 | $30,267,018 |