Civic Intelligence

Ineos Ican Foundation

990EZ • Fiscal year 2015 • EIN 38-3975862

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 28, 2016

2600 S Shore Blvd Ste 500League City, TX 77573

(281) 535-6634

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$68,114

No earlier filing loaded for comparison.

Net Assets

$68,114

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$69,314

No earlier filing loaded for comparison.

Expenses

$1,200

No earlier filing loaded for comparison.

Net Income

$68,114

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $68,114Liabilities 2015: $0Net Assets 2015: $68,1142015Assets 2016: $59,076Liabilities 2016: $0Net Assets 2016: $59,0762016Assets 2017: $84,744Liabilities 2017: $0Net Assets 2017: $84,7442017Assets 2018: $222,143Liabilities 2018: $0Net Assets 2018: $222,1432018Assets 2019: $253,091Liabilities 2019: $0Net Assets 2019: $253,0912019Assets 2020: $350,376Liabilities 2020: $0Net Assets 2020: $350,3762020Assets 2021: $327,514Liabilities 2021: $0Net Assets 2021: $327,5142021Assets 2022: $552,344Liabilities 2022: $0Net Assets 2022: $552,3442022Assets 2023: $454,209Liabilities 2023: $0Net Assets 2023: $454,2092023Assets 2024: $544,421Liabilities 2024: $0Net Assets 2024: $544,4212024

Highlighted filing

2015

Assets$68,114
Liabilities$0
Net Assets$68,114

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $69,314Expenses 2015: $1,200Net Income 2015: $68,1142015Revenue 2016: $128,682Expenses 2016: $137,720Net Income 2016: -$9,0382016Revenue 2017: $181,291Expenses 2017: $155,543Net Income 2017: $25,7482017Revenue 2018: $269,929Expenses 2018: $132,530Net Income 2018: $137,3992018Revenue 2019: $295,607Expenses 2019: $264,659Net Income 2019: $30,9482019Revenue 2020: $288,686Expenses 2020: $191,401Net Income 2020: $97,2852020Revenue 2021: $229,022Expenses 2021: $251,884Net Income 2021: -$22,8622021Revenue 2022: $854,554Expenses 2022: $634,094Net Income 2022: $220,4602022Revenue 2023: $450,409Expenses 2023: $548,545Net Income 2023: -$98,1362023Revenue 2024: $551,153Expenses 2024: $460,941Net Income 2024: $90,2122024

Highlighted filing

2015

Revenue$69,314
Expenses$1,200
Net Income$68,114
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 28, 2016
Return Version
2015v2.1
Gross Receipts
$70,314
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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 2015 WE PROVIDED GO RUN FOR FUN EVENTS TO OVER 5000 CHILDREN IN 12 AREA GRADE SCHOOLS.--
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).--
WE WORK WITH EDUCATIONAL INSTITUTIONS IN OUR OPERATING AREAS TO PROVIDE IN-SCHOOL TRAINING PROGRAMS AND CAREER DEVELOPMENT. THE GOAL OF THESE PROGRAMS IS TO ENCOURAGE BOTH COLLEGE AND NON-COLLEGE BOUND STUDENTS TO STAY IN SCHOOL AND TO PREPARE THEM FOR ENTRY INTO THE WORKFORCE EITHER THROUGH FUTHER EDUCATION IN STEM SUBJECTS OR BY LEARNING A GOOD-PAYING TRADE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DENNIS SEITHPresident-$0--
TIM AVERYCFO-$0--
MARIE BOYKINTreasurer-$0--
KATHRYN SHULERSecretaryFT$0--
Filing and Contact Details

Filer

Filer Name
Ican Foundation
EIN
38-3975862
Phone
2815356634
Address
2600 S SHORE BLVD STE 500, LEAGUE CITY, TX 77573

Signing Officer

Name
Tim Avery
Title
CFO
Phone
2815356634
Signed
2016-03-28
Discuss with paid preparer
Yes

Preparer

Firm
Ann Thomas CPA Pc
Address
1120 NASA PARKWAY SUITE 108, HOUSTON, TX 77058-3320
Preparer
Ann Thomas CPA
Phone
2813333848
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office 1,200 total 1,200

Form 990-ez, Part III

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.

Form 990-ez, Part III, Line 28

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 2015 we provided go run for fun events to over 5000 children in 12 area grade schools.

Form 990-ez, Part III, Line 29

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).

Form 990-ez, Part III, Line 30

We work with educational institutions in our operating areas to provide in-school training programs and career development. The goal of these programs is to encourage both college and non-college bound students to stay in school and to prepare them for entry into the workforce either through futher education in stem subjects or by learning a good-paying trade.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 1,200 TOTAL 1,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIGNATURE 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 2015 WE PROVIDED GO RUN FOR FUN EVENTS TO OVER 5000 CHILDREN IN 12 AREA GRADE SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WE WORK WITH EDUCATIONAL INSTITUTIONS IN OUR OPERATING AREAS TO PROVIDE IN-SCHOOL TRAINING PROGRAMS AND CAREER DEVELOPMENT. THE GOAL OF THESE PROGRAMS IS TO ENCOURAGE BOTH COLLEGE AND NON-COLLEGE BOUND STUDENTS TO STAY IN SCHOOL AND TO PREPARE THEM FOR ENTRY INTO THE WORKFORCE EITHER THROUGH FUTHER EDUCATION IN STEM SUBJECTS OR BY LEARNING A GOOD-PAYING TRADE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 29
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ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings