The Im Able Foundation EIN 06-1783154 Form 990 (PDF) Claim this org

The Im Able Foundation FY2023 filing

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Enabling people with disabilities to overcome barriers and participate in physical activity. For fiscal year 2023 it reported $517K in revenue, $447K in expenses, and $320K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Wyomissing, PA
Website
www.imablefoundation.org
Filings
6 on file (2020–2023)
Revenue
$517KFY2023
Expenses
$447K
Net assets
$320K
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  06-1783154 Public foundation / grantmaker Wyomissing, PA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Enabling people with disabilities to overcome barriers and participate in physical activity.
Leadership
Chris Kaag · Founder/CEO · $45K
Money in and out
$517K revenue, $447K expenses
Bottom line
46% program efficiency
Grants paid & assets · FY2023
Total revenue
$517K
Pt VIII · Ln 12
Total expenses
$447K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.36 Fundraising $0.18
Program efficiency
46%
of spending reaches programs
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$517K
FY2023▲ +10%
Expenses
$447K
FY2023▲ +7%
Total assets
$416K
FY2023▲ +52%
Total liabilities
$96K
FY2023▲ +287%
Total revenue
$517K
Pt VIII · Ln 12
Total expenses
$447K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$416K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Im Able Foundation
EINHdr · item D06-1783154
Principal addressHdr · item CWyomissing, PA
WebsiteHdr · item Jwww.imablefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Founder/CEO
$45,000Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Alex Pilkington’s $72K as CEO is at the 68th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alex Pilkington$72,500
Chris Kaag$47,750$45,000$45,000$45,000$45,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $205K of program spending, described in the organization's own filed words · FY2022.
01

Im able foundation's im fit inclusive group fitness program provides a free-of-charge opportunity for children and young adults of all abilities to learn and practice the fundamentals of exercise in order to reap the mental and physical benefits of fitness.

$153Kprogram expense
02

Im able's operation lead from the front is a program where military veterans and first responders utilize the traits they learned in service (discipline, mental agility, strength, and initiative) to mentor a child with a physical, cognitive, AND/OR behavioral disability in a relationship centered around fitness.

$52Kprogram expense
03

The im able foundation awards adaptive equipment grants to individuals and supporting organizations. Hand-cycles, adaptive skis, and instructional training programs unleash the potential in physically, cognitively, AND/OR behaviorally challenged children and adults to be more active, enjoy the benefits of physical fitness, and spend more…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$506K · 98%
Program service revenue$9K · 2%
Contributions & grants98%$506K
Program service revenue2%$9K
Investment income$2K
Total revenueLn 12$517K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.36 Fundraising $0.18
Program services46%$205K
Management & general36%$160K
Fundraising18%$81K
Total functional expensesLn 25$447K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$416K
Total liabilitiesLn 26$96K
Total net assetsLn 32$320K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $262K · Operating expenses (Pt IX) $447K · Less non-cash grants $3K · Cash operating expenses/yr $444K
7.1 months
Where the money goes
Program services
Program services $205K · Total expenses $447K
46%
Management & General
Management & general $160K · Total expenses $447K
36%
Fundraising
Fundraising $81K · Total expenses $447K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $65K · Solicited contributions (3-yr avg) $407K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $506K · Total revenue $517K
98%
Government reliance
Government grants — · Total revenue $517K
Earned-income share
Program service revenue $9K · Total revenue $517K
2%
Investment reliance
Investment income $2K · Total revenue $517K
+0.4%
Program self-sufficiency
Program service revenue $9K · Total expenses $447K
2%
Growth & trend
Revenue growth (YoY)
This year $517K · Prior year $472K
+10%
Net-asset trend (YoY)
End of year $320K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $517K · Expenses $447K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $416K
Net-asset ratio
Net assets $320K · Total assets $416K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $416K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Kaag · Reported title FOUNDER/CEO · Highest reported compensation $45K · Total expenses $447K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $447K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 36%
Fundraising cost ratio 16%
Revenue growth 10%
Accounting fee ratio 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Ppl FoundationFY2025$10K
Total grants receivedfrom 2 funders$23K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$854K revenue · ⤓ 990 PDF
FY2024$699K revenue · ⤓ 990 PDF
FY2023$517K revenue · viewing · ⤓ 990 PDF
FY2022$472K revenue · ⤓ 990 PDF
FY2021$372K revenue · ⤓ 990 PDF
FY2020$339K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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