Civic Intelligence

Ineos Ican Foundation

990 • Fiscal year 2020 • EIN 38-3975862

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 25, 2021

Organization ProfileWWW.ICANFOUNDATIONTX.ORG
2600 South Shore Blvd Suite 100League 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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

81st percentile

34%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

76th percentile

38%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-2.3%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$350,376

Up $97,285 (+38%) from 2019

Net Assets

Up

$350,376

Up $97,285 (+38%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin81st percentile

Revenue

Down

$288,686

Down $6,921 (-2.3%) from 2019

Expenses

Down

$191,401

Down $73,258 (-28%) from 2019

Net Income

Up

$97,285

Up $66,337 (+214%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2020

Assets$350,376
Liabilities$0
Net Assets$350,376
Open 2020 Filing

Operations Trend

Revenue Growth61st 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

2020

Revenue$288,686
Expenses$191,401
Net Income$97,285
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 25, 2021
Return Version
2020v4.0
Gross Receipts
$335,314
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$248,571$349,126▲ $100,555
Pledges and Grants Receivable$4,520$1,250▼ $3,270
Total Assets$253,091$350,376▲ $97,285
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$253,091$350,376▲ $97,285
Total Net Assets Fund Balance$253,091$350,376▲ $97,285
Total Liabilities and Net Assets / Fund Balance$253,091$350,376▲ $97,285
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Tim AveryPresident
Dennis SeithDirector
Rob OsterholdDirector
Kathryn ShulerExecutive Di
Sara CassellsSecretary
Marie BoykinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$265,398
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$23,288
All Other Contributions
$122,690
Change in Net Assets
$97,285

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table3$92,726
Total Noncash Contributions3$92,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,801
Grants and Similar Amounts Paid$41,600
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$41,600--$41,600
All Other Expenses$6,017$7,767-$13,784
Other Expenses$4,178$91,182-$4,178
Fees for Services Accounting-$1,430-$1,430
Office Expenses-$1,105-$1,105
Total Functional Expenses$89,917$101,484$0$191,401
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Clear Creek Education FoundationLeague City, TXGovEducational Assistan$17,100
Alvin Isd Education FoundationAlvin, TXGovEducational Assistan$8,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,916
Fundraising Direct Expenses$46,628
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$151,892$44,982$11,137$33,845
Sporting Clay T$57,732$24,467$4,023$20,444
Total Events$209,624$69,449$39,102$30,347
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 35% controlled entity
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
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 documents, 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 SOUTH SHORE BLVD SUITE 100, LEAGUE CITY, TX 77573

Signing Officer

Name
Tim Avery
Title
President
Phone
2815356634
Signed
2021-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Shuler
Formed
2015
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
48

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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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SPORTING CLAY T
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt073
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02443
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0151892
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt057732
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0209624
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044982
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024467
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069449
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030347
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01761
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt02555
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt04316
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015160
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011137
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04023
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt015110
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt017110
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt08500
IRS990ScheduleI/RecipientTable/CashGrantAmt117100
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL ASSISTAN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL ASSISTAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALVIN ISD EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CLEAR CREEK EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0760569796
IRS990ScheduleI/RecipientTable/RecipientEIN1760383447
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2342
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 1631
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALVIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LEAGUE CITY
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt03
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt092726
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0OTHER IN-KIND CONTRIBUTIONS: 1) FACILITY RENT 2) SILENT AUCTION ITEMS FOR GOLF TOURNAMENT 3) SILENT AUCTION ITEMS FOR SPORTING CLAY TOURNAMENT
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
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 DOCUMENTS, 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
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0253091
IRS990/TotalAssetsEOYAmt0350376
IRS990/TotalAssetsGrp/BOYAmt0253091
IRS990/TotalAssetsGrp/EOYAmt0350376
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0265398
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101484
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt089917
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0253091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0350376
IRS990/TotalProgramServiceExpensesAmt089917
IRS990/TotalRevenueGrp/ExclusionAmt023288
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288686
IRS990/TotalVolunteersCnt048
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0253091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0350376
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 SOUTH SHORE BLVD STE 500
IRS990/USAddress/CityNm0LEAGUE CITY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077573
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.ICANFOUNDATIONTX.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM AVERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02815356634
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ICAN
ReturnHeader/Filer/EIN0383975862
ReturnHeader/Filer/PhoneNum02815356634
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 SOUTH SHORE BLVD SUITE 100
ReturnHeader/Filer/USAddress/CityNm0LEAGUE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077573
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/PreparationDt02021-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN THOMAS CPA
ReturnHeader/ReturnTs02021-11-09T12:00:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AVERY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$350,376
Liabilities
$0
Net assets
$350,376
Revenue
$288,686
Expenses
$191,401
Net income
$97,285
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
2020Detailed filing. Detailed filing data is available for this year.$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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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