Able Kids Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 20-2032734)

Revenue by fiscal year
FY2020	$592K
FY2021	$711K
FY2022	$674K
FY2023	$828K
FY2024	$615K
FY2025	$756K

Expenses by fiscal year
FY2020	$531K
FY2021	$526K
FY2022	$573K
FY2023	$790K
FY2024	$594K
FY2025	$638K

Net assets by fiscal year
FY2020	$605K
FY2021	$788K
FY2022	$886K
FY2023	$921K
FY2024	$939K
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $516K Management & general 13% · $79K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Steve Shaad

Chairman

$0Pt VII · Sec A

Mark Hoffman

Director

$0Pt VII · Sec A

Greg Brigham

Director

$0Pt VII · Sec A

Kathy Rech

Board Member

$0Pt VII · Sec A

Dena Simmons

Board Member

$0Pt VII · Sec A

See Able Kids Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps children and adults with central auditory processing disorder.

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Provided by the organization

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1 program · $305K · in their own filed words · FY2024

01

To help children with central auditory processing disorders

$305Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Royal Arch Masons of Colorado Denver Chapter 2FY2024$50K

Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$615K

Ln 12

Fees for servicesLn 2g$587K

Investment incomeLn 3$27K

Gifts and grantsLn 1h$565

Money outPt IX

$594K

Ln 25

Programscol B$516K

Managementcol C$79K

Owns and owesPt X

$939K

net assets · Ln 32

Cash and savingsLn 1–2$897K

Total assetsLn 16$939K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$565

Fees for servicesLn 2g$587K

Investment incomeLn 3$27K

Total revenueLn 12$615K

Assets in detailPt X, end of year

CashLn 1$115K

SavingsLn 2$781K

Cash and savings togetherLn 1–2$897K

Land, buildings, equipmentLn 10c$42K

Total assetsLn 16$939K

LiabilitiesLn 26$0

Net assetsLn 32$939K

OperationsPt I, VI

EmployeesI 53

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$862K	$897K
Land, buildings, equipmentLn 10c	$47K	$42K
Total assetsLn 16	$921K	$939K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$921K	$939K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$333K	$283K	$50K
Pension plan contributionsLn 8	$16K	$14K	$2K
Other employee benefitsLn 9	$1K	$1K	$222
Payroll taxesLn 10	$24K	$21K	$4K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$4K		$4K
Other fees for servicesLn 11g	$866	$866
Advertising and promotionLn 12	$2K	$2K
Office expensesLn 13	$20K	$18K	$2K
Information technologyLn 14	$13K	$12K	$1K
OccupancyLn 16	$59K	$53K	$6K
TravelLn 17	$6K	$5K	$2K
Conferences, conventions and meetingsLn 19	$373	$373
Depreciation, depletion and amortizationLn 22	$2K	$2K
InsuranceLn 23	$5K	$4K	$960
Other expenses (24a–d)Ln 24	$94K	$94K
All other expensesLn 24e	$10K	$5K	$5K
Total functional expensesLn 25	$594K	$516K	$79K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$756K	$638K	$119K	$1.1M	990 PDF
FY2024 Viewing	$615K	$594K	$20K	$939K	990 PDF
FY2023	$828K	$790K	$38K	$921K	990 PDF
FY2022	$674K	$573K	$101K	$886K	990 PDF
FY2021	$711K	$526K	$185K	$788K	990 PDF
FY2020	$592K	$531K	$61K	$605K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $614,692 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $34,513$565

I-9 Program service revenuePrior year $770,342$587,448

I-10 Investment incomePrior year $22,720$26,679

I-11 Other revenue$0

I-12 Total revenuePrior year $827,575$614,692

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $515,832$374,533

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $274,010$219,837

I-18 Total expensesPrior year $789,842$594,370

I-19 Revenue less expensesPrior year $37,733$20,322

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $614,692 across 5 lines filed

VIII-1f All other contributions, gifts and grants$565

VIII-1h Total contributions, gifts and grants$565

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $587,448$587,448

VIII-3 Investment incomeRelated to mission $26,679$26,679

VIII-12 Total revenueRelated to mission $614,127$614,692

Part IX · Statement of functional expenses $594,370 across 17 lines filed

IX-7 Other salaries and wagesPrograms $283,005 · Management $49,942$332,947

IX-8 Pension plan contributionsPrograms $13,565 · Management $2,394$15,959

IX-9 Other employee benefitsPrograms $1,255 · Management $222$1,477

IX-10 Payroll taxesPrograms $20,527 · Management $3,623$24,150

IX-11b Legal feesManagement $1,681$1,681

IX-11c Accounting feesManagement $4,010$4,010

IX-11g Other fees for servicesPrograms $866$866

IX-12 Advertising and promotionPrograms $1,827$1,827

IX-13 Office expensesPrograms $18,224 · Management $1,933$20,157

IX-14 Information technologyPrograms $11,846 · Management $1,316$13,162

IX-16 OccupancyPrograms $52,950 · Management $5,883$58,833

IX-17 TravelPrograms $4,729 · Management $1,576$6,305

IX-19 Conferences, conventions and meetingsPrograms $373$373

IX-22 Depreciation, depletion and amortizationPrograms $2,389$2,389

IX-23 InsurancePrograms $4,395 · Management $960$5,355

IX-24 Other expenses (24a–d)Programs $94,410$94,410

IX-24e All other expensesPrograms $5,313 · Management $5,156$10,469

IX-25 Total functional expensesPrograms $515,674 · Management $78,696 · Fundraising $0$594,370

Part X · Balance sheet $938,925 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $104,433$115,436

X-2 Savings and temporary cash investmentsStart of year $757,409$781,431

X-10c Land, buildings and equipment, netStart of year $46,949$42,058

X-16 Total assetsStart of year $921,105$938,925

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $921,105$938,925

X-32 Total net assets or fund balancesStart of year $921,105$938,925

X-33 Total liabilities and net assetsStart of year $921,105$938,925

Part XI · Reconciliation of net assets $938,925 net assets at year end

XI-1 Total revenue$614,692

XI-2 Total expenses$594,370

XI-3 Revenue less expenses$20,322

XI-4 Net assets at start of year$921,105

XI-9 Other changes in net assets−$2,502

XI-10 Net assets at end of year$938,925

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Able Kids Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Able Kids Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV