Civic Intelligence

Limitless Potential Squared Inc.

990 • Fiscal year 2016 • EIN 46-4465417

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 26, 2017

Organization Profilewww.4youth2.com
248 Beasley StGrapeland, TX 75844

(936) 222-5924

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

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

Net Margin

30th percentile

-5.0%

Higher net margin than 30% 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

6th percentile

-61%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$2,708

Down $4,235 (-61%) from 2015

Net Assets

Down

$2,682

Down $4,236 (-61%) from 2015

Liabilities

Up

$26

Up $1 (+4.0%) from 2015

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin30th percentile

Revenue

Up

$84,950

Up $15,363 (+22%) from 2015

Expenses

Up

$89,186

Up $23,615 (+36%) from 2015

Net Income

Down

-$4,236

Down $8,252 (-205%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$30K$20K$10K$0-$10KAssets 2014: $4,241Liabilities 2014: $12,289Net Assets 2014: -$8,0482014Assets 2015: $6,943Liabilities 2015: $25Net Assets 2015: $6,9182015Assets 2016: $2,708Liabilities 2016: $26Net Assets 2016: $2,6822016Assets 2017: $979Liabilities 2017: $575Net Assets 2017: $4042017Assets 2018: $380Liabilities 2018: $200Net Assets 2018: $1802018Assets 2019: $1,962Liabilities 2019: $275Net Assets 2019: $1,6872019Assets 2020: $841Liabilities 2020: $200Net Assets 2020: $6412020Assets 2021: $25,841Liabilities 2021: $200Net Assets 2021: $25,6412021Assets 2022: $285Liabilities 2022: $0Net Assets 2022: $2852022Assets 2023: $5,371Liabilities 2023: $0Net Assets 2023: $5,3712023Assets 2024: $5,371Liabilities 2024: $0Net Assets 2024: $5,3712024

Highlighted filing

2016

Assets$2,708
Liabilities$26
Net Assets$2,682
Open 2016 Filing

Operations Trend

Revenue Growth74th percentile

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

$100K$50K$0-$50KRevenue 2014: $42,772Expenses 2014: $50,820Net Income 2014: -$8,0482014Revenue 2015: $69,587Expenses 2015: $65,571Net Income 2015: $4,0162015Revenue 2016: $84,950Expenses 2016: $89,186Net Income 2016: -$4,2362016Revenue 2017: $72,793Expenses 2017: $75,071Net Income 2017: -$2,2782017Revenue 2018: $64,158Expenses 2018: $64,382Net Income 2018: -$2242018Revenue 2019: $67,340Expenses 2019: $65,833Net Income 2019: $1,5072019Revenue 2020: $5,400Expenses 2020: $6,446Net Income 2020: -$1,0462020Revenue 2021: $25,000Expenses 2021: $0Net Income 2021: $25,0002021Revenue 2022: $15,600Expenses 2022: $41,143Net Income 2022: -$25,5432022Revenue 2023: $20,600Expenses 2023: $15,600Net Income 2023: $5,0002023Revenue 2024: $15,600Expenses 2024: $15,600Net Income 2024: $02024

Highlighted filing

2016

Revenue$84,950
Expenses$89,186
Net Income-$4,236
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 26, 2017
Return Version
2016v3.0
Gross Receipts
$84,950
Mission and Program Overview

Mission

Helping youth strive for and realize their full potential through activity-based programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,943$2,708▼ $4,235
Rtn Earn Endowment Incm Other Fnds$6,918$2,682▼ $4,236
Total Assets$6,943$2,708▼ $4,235
Liabilities
Accounts Payable and Accrued Expenses$25$26▲ $1
Total Liabilities$25$26▲ $1
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,918$2,682▼ $4,236
Total Liabilities and Net Assets / Fund Balance$6,943$2,708▼ $4,235
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
John BarrettDirector
Kellie MarkhamDirector
Brian MarkhamExecutive Director
William PendergraftProgram Director
Revenue and Support

Revenue Composition

Contributions and Grants
$84,950
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$75,140
Change in Net Assets
$-4,236

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,186
Professional Fundraising Fees$5,000
Total Fundraising Expense$5,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$28,503$0$0$28,503
Other Expenses$8,975$0$0$8,975
Fees for Services Accounting$0$6,000$0$6,000
Fees for Services Professional Fundraising--$5,000$5,000
Travel$3,163$0$0$3,163
Information Technology$1,200$0$0$1,200
Insurance$200$0$0$200
Advertising$145$0$0$145
Total Functional Expenses$78,186$6,000$5,000$89,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,000
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
Backup withholding compliance
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Limitless Potential Squared Inc
EIN
46-4465417
Phone
9362225924
Address
248 BEASLEY ST, GRAPELAND, TX 75844

Signing Officer

Name
Kellie B Markham
Title
Director
Phone
9362225924
Signed
2017-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Markham
Formed
2014
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
9

Preparer

Firm
Brian C Markham CPA
Address
248 Beasley St, Grapeland, TX 75844
Preparer
Brian C Markham
Phone
2817977215
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Members and stockholders have nomination authority. Only board votes on nominees.”

Pt VI, Line 7A

“Members have nomination authority. Only board votes on nominees.”

Pt VI, Line 8B

“All comittee meetings are documented however the comittees have recomendation authority. Only board votes on action.”

Pt VI, Line 11B

“The board reviews the 990 at the first available meeting after the 990 is completed.”

Pt VI, Line 15A

“Compensation of officers and highest paid employees is decided by the board. Geographical & industrial averages play an important part in their decision.”

Pt VI, Line 19

“All documents are available upon request with board approval.”

Pt VI, Line 2

“2 directors are husband & wife”

Raw XML Appendix320 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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IRS990/IRPDocumentCnt00
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IRS990/LocalChaptersInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS AND STOCKHOLDERS HAVE NOMINATION AUTHORITY. ONLY BOARD VOTES ON NOMINEES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMITTEE MEETINGS ARE DOCUMENTED HOWEVER THE COMITTEES HAVE RECOMENDATION AUTHORITY. ONLY BOARD VOTES ON ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE 990 AT THE FIRST AVAILABLE MEETING AFTER THE 990 IS COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF OFFICERS AND HIGHEST PAID EMPLOYEES IS DECIDED BY THE BOARD. GEOGRAPHICAL & INDUSTRIAL AVERAGES PLAY AN IMPORTANT PART IN THEIR DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE UPON REQUEST WITH BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt62 DIRECTORS ARE HUSBAND & WIFE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.190.216.6
ReturnHeader/FilingSecurityInformation/IPDt02017-05-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm004:31:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRIAN C MARKHAM CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0248 Beasley St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Grapeland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075844
ReturnHeader/PreparerPersonGrp/PhoneNum02817977215
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN C MARKHAM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-02T04:31:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,708
Liabilities
$26
Net assets
$2,682
Revenue
$84,950
Expenses
$89,186
Net income
-$4,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.37$0.00$5.37$15.6$15.6$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.37$0.00$5.37$20.6$15.6$5.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$15.6$41.1$25.5
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.8$0.20$25.6$25.0$0.00$25.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.20$0.64$5.40$6.45$1.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.28$1.69$67.3$65.8$1.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.20$0.18$64.2$64.4$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.58$0.40$72.8$75.1$2.28
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.03$2.68$85.0$89.2$4.24
2015Detailed filing. Detailed filing data is available for this year.$6.94$0.03$6.92$69.6$65.6$4.02
2014Summary only. Only limited summary data is available for this year.$4.24$12.3$8.05$42.8$50.8$8.05