Civic Intelligence

Ineos Ican Foundation

990 • Fiscal year 2018 • EIN 38-3975862

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 23, 2019

Organization ProfileWWW.ICANFOUNDATIONTX.ORG
2600 S Shore Blvd Ste 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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

94th percentile

162%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$222,143

Up $137,399 (+162%) from 2017

Net Assets

Up

$222,143

Up $137,399 (+162%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin92nd percentile

Revenue

Up

$269,929

Up $88,638 (+49%) from 2017

Expenses

Down

$132,530

Down $23,013 (-15%) from 2017

Net Income

Up

$137,399

Up $111,651 (+434%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2018

Assets$222,143
Liabilities$0
Net Assets$222,143
Open 2018 Filing

Operations Trend

Revenue Growth85th 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

2018

Revenue$269,929
Expenses$132,530
Net Income$137,399
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 23, 2019
Return Version
2018v3.1
Gross Receipts
$355,555
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$84,744$218,093▲ $133,349
Pledges and Grants Receivable-$4,000-
Total Assets$84,744$222,143▲ $137,399
Other Assets Total-$50-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$84,744$222,143▲ $137,399
Total Net Assets Fund Balance$84,744$222,143▲ $137,399
Total Liabilities and Net Assets / Fund Balance$84,744$222,143▲ $137,399
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Kathryn ShulerPresident
Dennis SeithDirector
Rob OsterholdDirector
Tim AveryDirector
Sara CassellsSecretary
Marie BoykinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$231,859
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$38,070
All Other Contributions
$103,297
Change in Net Assets
$137,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,830
Grants and Similar Amounts Paid$22,700
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,700--$22,700
All Other Expenses$6,866$5,919-$12,785
Other Expenses$500$8,418-$8,918
Office Expenses-$8,132-$8,132
Fees for Services Legal-$2,362-$2,362
Fees for Services Accounting-$1,502-$1,502
Total Functional Expenses$106,197$26,333$0$132,530
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Clear Creek IsdLeague City, TXGovEducational Assistan$10,000
La Porte IsdLa Porte, TXGovEducational Assistan$7,500
Dickinson IsdDickinson, TXGovEducational Assistan$5,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$123,696
Fundraising Direct Expenses$85,626
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$212,787$94,060$13,607$80,453
Sporting Clay T$39,471$29,636$607$29,029
Total Events$252,258$123,696$85,626$38,070
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 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 S SHORE BLVD STE 100, LEAGUE CITY, TX 77573

Signing Officer

Name
Tim Avery
Title
Director
Phone
2815356634
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Shuler
Formed
2015
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
142

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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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt011626
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt047413
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt17500
IRS990ScheduleI/RecipientTable/CashGrantAmt25200
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc2GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL ASSISTAN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL ASSISTAN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATIONAL ASSISTAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CLEAR CREEK ISD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LA PORTE ISD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DICKINSON ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0760383447
IRS990ScheduleI/RecipientTable/RecipientEIN1760407788
IRS990ScheduleI/RecipientTable/RecipientEIN2331167084
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02425 E MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11002 SAN JACINTO
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22218 FM 517 E
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEAGUE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LA PORTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DICKINSON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077573
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177571
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd277539
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
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 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt084744
IRS990/TotalAssetsEOYAmt0222143
IRS990/TotalAssetsGrp/BOYAmt084744
IRS990/TotalAssetsGrp/EOYAmt0222143
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0231859
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106197
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132530
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084744
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0222143
IRS990/TotalProgramServiceExpensesAmt0106197
IRS990/TotalRevenueGrp/ExclusionAmt038070
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269929
IRS990/TotalVolunteersCnt0142
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084744
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0222143
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt084744
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0222143
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM AVERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02815356634
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ICAN
ReturnHeader/Filer/EIN0383975862
ReturnHeader/Filer/PhoneNum02815356634
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 S SHORE BLVD STE 100
ReturnHeader/Filer/USAddress/CityNm0LEAGUE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077573
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FBB8C7827C3DA261BD6CFF4BCC9BFCD1DCDB47F8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBB8C7827C3DA261BD6CFF4BCC9BFCD1DCDB47F8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.94.38.119
ReturnHeader/FilingSecurityInformation/IPDt02019-07-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:25:37
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/PreparationDt02019-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN THOMAS CPA
ReturnHeader/ReturnTs02019-07-23T11:25:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$222,143
Liabilities
$0
Net assets
$222,143
Revenue
$269,929
Expenses
$132,530
Net income
$137,399
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
2018Detailed filing. Detailed filing data is available for this year.$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