Civic Intelligence

Ability Inc.

990 • Fiscal year 2023 • EIN 43-2102490

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

115 W Dunnam StHobbs, NM 88240

(575) 631-3454

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

2023 filings • NTEE J • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.00x

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

2023 filings • NTEE J • $500k-$1M nonprofits • Source year 2023

Net Margin

98th percentile

85%

Higher net margin than 98% of similar nonprofits.

2023 filings • NTEE J • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$93,857

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 92.3% of source-year revenue.

2023 filings • NTEE J • $500k-$1M nonprofits • Source year 2023

Asset Growth

74th percentile

19%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

135%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2023

Assets

Up

$527,932

Up $83,311 (+19%) from 2022

Net Assets

Up

$527,932

Up $83,311 (+19%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$101,702

No earlier filing loaded for comparison.

Expenses

Down

$15,587

Down $7,582 (-33%) from 2022

Net Income

$86,115

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.

$1.0M$500K$0Assets 2011: $984,457Liabilities 2011: $0Net Assets 2011: $984,4572011Assets 2012: $843,179Liabilities 2012: $0Net Assets 2012: $843,1792012Assets 2013: $920,687Liabilities 2013: $0Net Assets 2013: $920,6872013Assets 2014: $816,254Liabilities 2014: $0Net Assets 2014: $816,2542014Assets 2015: $790,838Liabilities 2015: $0Net Assets 2015: $790,8382015Assets 2016: $732,532Liabilities 2016: $0Net Assets 2016: $732,5322016Assets 2017: $788,201Liabilities 2017: $0Net Assets 2017: $788,2012017Assets 2018: $804,170Liabilities 2018: $0Net Assets 2018: $804,1702018Assets 2019: $748,400Liabilities 2019: $0Net Assets 2019: $748,4002019Assets 2020: $562,141Liabilities 2020: $0Net Assets 2020: $562,1412020Assets 2021: $467,790Liabilities 2021: $0Net Assets 2021: $467,7902021Assets 2022: $444,621Net Assets 2022: $444,6212022Assets 2023: $527,932Liabilities 2023: $0Net Assets 2023: $527,9322023Assets 2024: $819,699Liabilities 2024: $0Net Assets 2024: $819,6992024

Highlighted filing

2023

Assets$527,932
Liabilities$0
Net Assets$527,932

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $33,6792011Expenses 2012: $172,0702012Expenses 2013: $74,6132013Revenue 2014: $14,105Expenses 2014: $118,538Net Income 2014: -$104,4332014Revenue 2015: $42,071Expenses 2015: $67,487Net Income 2015: -$25,4162015Revenue 2016: $45,413Expenses 2016: $103,719Net Income 2016: -$58,3062016Revenue 2017: $110,022Expenses 2017: $54,353Net Income 2017: $55,6692017Revenue 2018: $50,208Expenses 2018: $34,239Net Income 2018: $15,9692018Revenue 2019: $51,061Expenses 2019: $106,831Net Income 2019: -$55,7702019Revenue 2020: $26,716Expenses 2020: $212,975Net Income 2020: -$186,2592020Revenue 2021: $18,482Expenses 2021: $112,832Net Income 2021: -$94,3502021Expenses 2022: $23,1692022Revenue 2023: $101,702Expenses 2023: $15,587Net Income 2023: $86,1152023Revenue 2024: $305,705Expenses 2024: $13,938Net Income 2024: $291,7672024

Highlighted filing

2023

Revenue$101,702
Expenses$15,587
Net Income$86,115
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$122,000
Mission and Program Overview

Mission

Hold property for use by people with developmental disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$166,138-
Land, Buildings, and Equipment, Net$154,323$132,543▼ $21,780
Cash and Non-Interest-Bearing Accounts$273,338$118,271▼ $155,067
Total Assets$444,621$527,932▲ $83,311
Other Assets Total$16,960$110,980▲ $94,020
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$444,621$527,932▲ $83,311
Total Net Assets Fund Balance$444,621$527,932▲ $83,311
Total Liabilities and Net Assets / Fund Balance$444,621$527,932▲ $83,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,543$566,727$599,270
Land$100,000-$100,000
Other Assets Org$110,980--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Phillip RoybalExecutive Director$93,857$93,857
Jayme LunaFiscal Administrator$49,970$49,970

Board Members and Trustees

NameTitle
Gladys SwisherPresident
Philip MathewsVice President
Eppie CalderonDirector
Marleah CramerDirector
Noel PonceDirector
Scotty HollomanDirector
Shawn WilliamsDirector
Sondra HutsonDirector
Glenn BiswellSecretary
Rene CantuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$101,702
Other Revenue
$0
Change in Net Assets
$86,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,702
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,801,807
Total Revenue per Audited Statements
$3,903,509
Total Revenue per Form 990
$101,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,587
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$15,587--$15,587
Total Functional Expenses$15,587$0$0$15,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,831,676
Expenses Not Reported on Form 990$2,816,089
Expenses per Audited Statements$15,587
Total Expenses per Form 990$15,587
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the board of directors before filing.

Form 990, Part VI, Section B, Line 12C

Officers, directors, and key employess are required to sign a conflict of interest policy upon becoming a board member or employee

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public by written request

Filing and Contact Details

Filer

Filer Name
Ability Inc
EIN
43-2102490
Phone
5756313454
Address
115 W DUNNAM ST, HOBBS, NM 88240

Signing Officer

Name
Phillip Roybal
Title
Executive Director
Phone
5756313454
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Roybal
Formed
2006
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Condley & Company Llp
Address
PO BOX 2993, ABILENE, TX 79604
Preparer
Julie R Folwell CPA
Phone
3256776251
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

Management has analyzed positions taken by the organization and has determined, as of june 30, 2023, there are no positions taken that would require recognition of liability or disclosure in combined financial statements. The organization continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years before the most recent tax filing.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Leaders industries, inc. Income 3,783,807.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Leaders indsutries, inc. Expenses 2,798,089.

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IRS990ScheduleA/PublicSupportTotal509Amt084020
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt016020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt048000
IRS990ScheduleA/Total509Grp/TotalAmt084020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt018482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt026716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt051061
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt096259
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt032543
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0566727
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0599270
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt018000
IRS990ScheduleD/DonatedServicesUseFcltsAmt018000
IRS990ScheduleD/ExpensesNotReportedAmt02816089
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt015587
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0110980
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM LEADERS INDUSTRIES, INC.
IRS990ScheduleD/OtherExpensesIncludedAmt02798089
IRS990ScheduleD/OtherRevenueAmt03783807
IRS990ScheduleD/RevenueNotReportedAmt03801807
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0101702
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED POSITIONS TAKEN BY THE ORGANIZATION AND HAS DETERMINED, AS OF JUNE 30, 2023, THERE ARE NO POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF LIABILITY OR DISCLOSURE IN COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE THE MOST RECENT TAX FILING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LEADERS INDUSTRIES, INC. INCOME 3,783,807.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LEADERS INDSUTRIES, INC. EXPENSES 2,798,089.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0132543
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0110980
IRS990ScheduleD/TotalExpensesPerForm990Amt015587
IRS990ScheduleD/TotalRevenuePerForm990Amt0101702
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03903509
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02831676
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS, AND KEY EMPLOYESS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY UPON BECOMING A BOARD MEMBER OR EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEADERS INDUSTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0850382793
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0115 W DUNNAM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOBBS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd088240
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0110980
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT OF LOAN
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LEADERS INDUSTRIES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0444621
IRS990/TotalAssetsEOYAmt0527932
IRS990/TotalAssetsGrp/BOYAmt0444621
IRS990/TotalAssetsGrp/EOYAmt0527932
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015587
IRS990/TotalFunctionalExpensesGrp/TotalAmt015587
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0444621
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0527932
IRS990/TotalOtherCompensationAmt08973
IRS990/TotalProgramServiceExpensesAmt015587
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101702
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101702
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0444621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0527932
IRS990/TotReportableCompRltdOrgAmt0134854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 W DUNNAM ST
IRS990/USAddress/CityNm0HOBBS
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088240

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.20$0.00$8.20$3.06$0.14$2.92
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.00$5.28$1.02$0.16$0.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$4.45$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$0.00$4.68$0.18$1.13$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.62$0.00$5.62$0.27$2.13$1.86
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.48$0.00$7.48$0.51$1.07$0.56
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$0.00$8.04$0.50$0.34$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.88$0.00$7.88$1.10$0.54$0.56
2016Detailed filing. Detailed filing data is available for this year.$7.33$0.00$7.33$0.45$1.04$0.58
2015Detailed filing. Detailed filing data is available for this year.$7.91$0.00$7.91$0.42$0.67$0.25
2014Detailed filing. Detailed filing data is available for this year.$8.16$0.00$8.16$0.14$1.19$1.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$0.00$9.21$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$0.00$8.43$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.84$0.00$9.84$0.34