Civic Intelligence

Limitless Potential Inc.

990 • Fiscal year 2015 • EIN 27-2853497

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 02, 2016

Organization ProfileN/A
5802 Prairie Grass Ln NECedar Rapids, IA 52411

(319) 239-4339

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

71st percentile

0.17x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$100,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Revenue Growth

60th percentile

8.6%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

-$1,597

Up $3,524 (+69%) from 2014

Net Assets

Down

-$158,270

Down $16,807 (-12%) from 2014

Liabilities

Up

$156,673

Up $20,331 (+15%) from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin34th percentile

Revenue

Up

$917,852

Up $72,996 (+8.6%) from 2014

Expenses

Down

$934,659

Down $55,505 (-5.6%) from 2014

Net Income

Up

-$16,807

Up $128,501 (+88%) from 2014

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2012: $15,126Liabilities 2012: $23,112Net Assets 2012: -$7,9862012Assets 2013: $18,974Liabilities 2013: $15,129Net Assets 2013: $3,8452013Assets 2014: -$5,121Liabilities 2014: $136,342Net Assets 2014: -$141,4632014Assets 2015: -$1,597Liabilities 2015: $156,673Net Assets 2015: -$158,2702015Assets 2016: $21,916Liabilities 2016: $145,723Net Assets 2016: -$123,8072016Assets 2017: $22,212Liabilities 2017: $119,622Net Assets 2017: -$97,4102017Assets 2019: $248,970Liabilities 2019: $8,412Net Assets 2019: $240,5582019Assets 2020: $605,281Liabilities 2020: $32,310Net Assets 2020: $572,9712020Assets 2021: $527,177Liabilities 2021: $38,778Net Assets 2021: $488,3992021Assets 2022: $320,067Liabilities 2022: $26,845Net Assets 2022: $293,2222022Assets 2023: $449,051Liabilities 2023: $13,133Net Assets 2023: $435,9182023Assets 2024: $665,594Liabilities 2024: $26,468Net Assets 2024: $639,1262024

Highlighted filing

2015

Assets-$1,597
Liabilities$156,673
Net Assets-$158,270
Open 2015 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $711,2352012Revenue 2013: $926,118Expenses 2013: $914,287Net Income 2013: $11,8312013Revenue 2014: $844,856Expenses 2014: $990,164Net Income 2014: -$145,3082014Revenue 2015: $917,852Expenses 2015: $934,659Net Income 2015: -$16,8072015Revenue 2016: $1,294,367Expenses 2016: $1,259,904Net Income 2016: $34,4632016Revenue 2017: $990,030Expenses 2017: $963,633Net Income 2017: $26,3972017Revenue 2019: $1,351,961Expenses 2019: $1,157,045Net Income 2019: $194,9162019Revenue 2020: $1,512,040Expenses 2020: $1,179,627Net Income 2020: $332,4132020Revenue 2021: $1,048,833Expenses 2021: $1,133,405Net Income 2021: -$84,5722021Revenue 2022: $849,023Expenses 2022: $1,044,200Net Income 2022: -$195,1772022Revenue 2023: $1,390,807Expenses 2023: $1,248,111Net Income 2023: $142,6962023Revenue 2024: $1,536,526Expenses 2024: $1,423,560Net Income 2024: $112,9662024

Highlighted filing

2015

Revenue$917,852
Expenses$934,659
Net Income-$16,807
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 2, 2016
Return Version
2015v2.1
Gross Receipts
$917,852
Mission and Program Overview

Mission

Providing supported community living services to children with disabilities and their families in the state of iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-5,121$-1,597▲ $3,524
Rtn Earn Endowment Incm Other Fnds$-141,463$-158,270▼ $16,807
Total Assets$-5,121$-1,597▲ $3,524
Liabilities
Other Liabilities$136,342$156,673▲ $20,331
Total Liabilities$136,342$156,673▲ $20,331
Net Assets / Fund Balance
Total Net Assets Fund Balance$-141,463$-158,270▼ $16,807
Total Liabilities and Net Assets / Fund Balance$-5,121$-1,597▲ $3,524
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Edward MeadDirector of OperationsFT$100,000$100,000
Jeremy GomezExecutive DirectorFT$100,000$100,000
Revenue and Support

Revenue Composition

Contributions and Grants
$900,574
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$17,273
All Other Contributions
$900,574
Change in Net Assets
$-16,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$826,282
Other Expenses$108,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$524,411$0$0$524,411
Current Officers, Directors, Trustees, and Key Employees$200,000$0$0$200,000
Occupancy$60,453$0$0$60,453
Payroll Taxes$58,893$0$0$58,893
Other Employee Benefits$42,978$0$0$42,978
Insurance$16,457$0$0$16,457
Fees for Services Accounting$7,436$0$0$7,436
Other Expenses$5,408$0$0$5,408
All Other Expenses$4,897$0$0$4,897
Travel$2,125$0$0$2,125
Interest$1,095$0$0$1,095
Office Expenses$562$0$0$562
Total Functional Expenses$934,659$0$0$934,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$143,315
Line of Credit$13,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Limitless Potential Inc
EIN
27-2853497
Phone
3192394339
Address
5802 PRAIRIE GRASS LN NE, CEDAR RAPIDS, IA 52411

Signing Officer

Name
Jeremy Gomez
Title
Director
Phone
3192394339
Signed
2016-08-02

Organization Details

Principal Officer
Jeremy Gomez
Formed
2010
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
54
Volunteers
50

Preparer

Firm
John Freeman CPA Pc
Address
P O BOX 8778, CEDAR RAPIDS, IA 52408-8778
Preparer
John Freeman
Phone
3193965660
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“REVIEW BY DIRECTORS”

Form 990EZ, Part II, Line 26

“PAYROLL TAX EXPENSE”

Form 990, Part IX, Line 24E

“Supplies 3591. 3591. 0. 0.”

Form 990, Part IX, Line 24E

“Telephone 1306. 1306. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0136342
IRS990/TotalLiabilitiesEOYAmt0156673
IRS990/TotalLiabilitiesGrp/BOYAmt0136342
IRS990/TotalLiabilitiesGrp/EOYAmt0156673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-141463
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-158270
IRS990/TotalProgramServiceExpensesAmt0934659
IRS990/TotalReportableCompFromOrgAmt0200000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0917852
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0-5121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0-1597
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt02125
IRS990/TravelGrp/TotalAmt02125
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05802 PRAIRIE GRASS LN NE
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052411
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY GOMEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192394339
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIMITLESS POTENTIAL INC
ReturnHeader/Filer/BusinessNameControlTxt0LIMI
ReturnHeader/Filer/EIN0272853497
ReturnHeader/Filer/PhoneNum03192394339
ReturnHeader/Filer/USAddress/AddressLine1Txt05802 PRAIRIE GRASS LN NE
ReturnHeader/Filer/USAddress/CityNm0CEDAR RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052411
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN FREEMAN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 8778
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0524088778
ReturnHeader/PreparerPersonGrp/PhoneNum03193965660
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN FREEMAN
ReturnHeader/ReturnTs02016-08-08T13:36:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
-$1,597
Liabilities
$156,673
Net assets
-$158,270
Revenue
$917,852
Expenses
$934,659
Net income
-$16,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.03$0.64$1.54$1.42$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$1.39$1.25$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.29$0.85$1.04$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.53$0.04$0.49$1.05$1.13$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.57$1.51$1.18$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$1.35$1.16$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.12$0.10$0.99$0.96$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.15$0.12$1.29$1.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.16$0.16$0.92$0.93$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.14$0.14$0.84$0.99$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.00$0.93$0.91$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.02$0.01$0.71