Civic Intelligence

Ineos Ican Foundation

990 • Fiscal year 2017 • EIN 38-3975862

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 12, 2018

Organization ProfileWWW.ICANFOUNDATIONTX.ORG
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

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

82nd percentile

43%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$84,744

Up $25,668 (+43%) from 2016

Net Assets

Up

$84,744

Up $25,668 (+43%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin69th percentile

Revenue

Up

$181,291

Up $52,609 (+41%) from 2016

Expenses

Up

$155,543

Up $17,823 (+13%) from 2016

Net Income

Up

$25,748

Up $34,786 (+385%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$600K$400K$200K$0Assets 2015: $68,114Liabilities 2015: $02015Assets 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

2017

Assets$84,744
Liabilities$0
Net Assets$84,744
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

2017

Revenue$181,291
Expenses$155,543
Net Income$25,748
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 12, 2018
Return Version
2017v2.3
Gross Receipts
$252,395
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,996$84,744▲ $25,748
Pledges and Grants Receivable$80--
Total Assets$59,076$84,744▲ $25,668
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$59,076$84,744▲ $25,668
Total Net Assets Fund Balance$59,076$84,744▲ $25,668
Total Liabilities and Net Assets / Fund Balance$59,076$84,744▲ $25,668
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Dennis SeithPresident
Tim AveryCFO
Kathryn ShulerSecretary
Marie BoykinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$181,291
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$37,527
Change in Net Assets
$25,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,543
Grants and Similar Amounts Paid$48,000
Total Fundraising Expense$537
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$48,000--$48,000
All Other Expenses$7,263$3,191$537$10,991
Fees for Services Legal-$2,908-$2,908
Other Expenses$2,419$66-$2,419
Fees for Services Accounting-$1,752-$1,752
Office Expenses-$820-$820
Total Functional Expenses$145,390$9,616$537$155,543
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Red Cross-greater HoustonHouston, TX501c3Hurricane Harvey Rel$33,000
Alvin IsdAlvin, TXGovEducational Assistan$7,500
Clear Creek IsdLeague City, TXGovEducational Assistan$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$71,104
Fundraising Gross Income$71,104
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$203,547$66,047$4,739$61,308
Sporting Clay T$11,321$5,057$297$4,760
Total Events$214,868$71,104$71,104-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The cpa firm, preparing the return, emails a draft copy of the form 990 to the board of directors for review. After board approval, the approved form 990 is sent to the board chairman for signature and filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is provided to each officer and director and is reviewed at least once each year.”

Form 990, Page 6, Part VI, Line 19

“The governing docmuents, conflict of interest policy, and financial statements are made available to the public upon request.”

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
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Seith
Formed
2015
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
240

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 - ORGANIZATION'S 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.”

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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/ProgSrvcAccomActy2Grp/Desc0WE 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).
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1301 E HOUSE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22425 E MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ALVIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LEAGUE CITY
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077089
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177511
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd277573
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2CASH
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE CPA FIRM, PREPARING THE RETURN, EMAILS A DRAFT COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW. AFTER BOARD APPROVAL, THE APPROVED FORM 990 IS SENT TO THE BOARD CHAIRMAN FOR SIGNATURE AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH OFFICER AND DIRECTOR AND IS REVIEWED AT LEAST ONCE EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCMUENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt059076
IRS990/TotalAssetsEOYAmt084744
IRS990/TotalAssetsGrp/BOYAmt059076
IRS990/TotalAssetsGrp/EOYAmt084744
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0181291
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0537
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145390
IRS990/TotalFunctionalExpensesGrp/TotalAmt0155543
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt059076
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084744
IRS990/TotalProgramServiceExpensesAmt0145390
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0181291
IRS990/TotalVolunteersCnt0240
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059076
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt084744
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt059076
IRS990/UnrestrictedNetAssetsGrp/EOYAmt084744
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 SOUTH SHORE BLVD STE 500
IRS990/USAddress/CityNm0LEAGUE CITY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077573
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ICANFOUNDATIONTX.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM AVERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02815356634
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ICAN
ReturnHeader/Filer/EIN0383975862
ReturnHeader/Filer/PhoneNum02815356634
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 S SHORE BLVD STE 500
ReturnHeader/Filer/USAddress/CityNm0LEAGUE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077573
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06061EF884DA917181C41474475A5C06538198543
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBB8C7827C3DA261BD6CFF4BCC9BFCD1DCDB47F8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.94.38.119
ReturnHeader/FilingSecurityInformation/IPDt02018-09-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:27:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760493089
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANN THOMAS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01120 NASA PARKWAY SUITE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770583320
ReturnHeader/PreparerPersonGrp/PhoneNum02813333848
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN THOMAS CPA
ReturnHeader/ReturnTs02018-09-17T12:27:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,744
Liabilities
$0
Net assets
$84,744
Revenue
$181,291
Expenses
$155,543
Net income
$25,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.00$5.44$5.51$4.61$0.90
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$0.00$4.54$4.50$5.49$0.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$0.00$5.52$8.55$6.34$2.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.00$3.28$2.29$2.52$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.00$3.50$2.89$1.91$0.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.00$2.53$2.96$2.65$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.00$2.22$2.70$1.33$1.37
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$1.81$1.56$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$1.29$1.38$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.00$0.69$0.01$0.68
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits