Civic Intelligence

Ineos Ican Foundation

990EZ • Fiscal year 2016 • EIN 38-3975862

Jan 01, 2016 to Dec 31, 2016 • Filed on May 17, 2017

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.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

27th percentile

-7.0%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$59,076

Down $9,038 (-13%) from 2015

Net Assets

$59,076

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$128,682

Up $59,368 (+86%) from 2015

Expenses

Up

$137,720

Up $136,520 (+11377%) from 2015

Net Income

Down

-$9,038

Down $77,152 (-113%) from 2015

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: $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

2016

Assets$59,076
Liabilities$0
Net Assets$59,076

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

2016

Revenue$128,682
Expenses$137,720
Net Income-$9,038
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 17, 2017
Return Version
2016v3.0
Gross Receipts
$196,728
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.-$99,926
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).-$32,175
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 SHULERSecretaryPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$155,556$68,046$4,909$63,137
Total Events$155,556$68,046$68,046-
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
2017-05-17
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 paypal expense 41 it expense 1,654 storage expense 1,753 other expenses 5,991 rental expense 9,895 event consumables 39,266 event refreshments 103 event ambassador 43,000 education grants 32,175 travel 2,871 postage 147 total 136,896

Form 990-ez, Part II, Line 24

Pledges receivable 0 80 total 0 80

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.

Raw XML Appendix162 raw XML fields

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 PAYPAL EXPENSE 41 IT EXPENSE 1,654 STORAGE EXPENSE 1,753 OTHER EXPENSES 5,991 RENTAL EXPENSE 9,895 EVENT CONSUMABLES 39,266 EVENT REFRESHMENTS 103 EVENT AMBASSADOR 43,000 EDUCATION GRANTS 32,175 TRAVEL 2,871 POSTAGE 147 TOTAL 136,896
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PLEDGES RECEIVABLE 0 80 TOTAL 0 80
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3SIGNATURE 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/ExplanationTxt4WE 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/ExplanationTxt5WE 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 II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 30
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ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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