No Limits Foundation EIN 20-3144444 Form 990 (PDF) Claim this org

No Limits Foundation FY2023 filing

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Empowers young people with limb loss and their families to live healthy, happy, and independent lives. For fiscal year 2023 it reported $615K in revenue, $737K in expenses, and $203K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Wales, ME
Website
www.nolimitsfoundation.org
Filings
5 on file (2020–2023)
Revenue
$615KFY2023
Expenses
$737K
Net assets
$203K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3144444 Public charity (501(c)(3)) Wales, ME
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers young people with limb loss and their families to live healthy, happy, and independent lives.
Leadership
Mary Leighton · Executive Di · $82K
Money in and out
$615K revenue, $737K expenses
Bottom line
81% program efficiency
Where the money goes · FY2023
Total revenue
$615K
Pt VIII · Ln 12
Total expenses
$737K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$121K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.17 Fundraising $0.02
Program efficiency
81%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$615K
FY2023▲ +4%
Expenses
$737K
FY2023▲ +18%
Total assets
$216K
FY2023▼ -36%
Total liabilities
$13K
FY2023▼ -37%
Total revenue
$615K
Pt VIII · Ln 12
Total expenses
$737K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$121K
Total assetsPt X · Ln 16$216K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNo Limits Foundation
EINHdr · item D20-3144444
Principal addressHdr · item CWales, ME
WebsiteHdr · item Jwww.nolimitsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E60)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$82,000Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Leighton’s $82K as Executive Di is at the 67th percentile of top reported officer pay among 1965 $100K–1M health care 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

NameFY2024FY2023FY2022FY2021FY2020
Mary Leighton$82,000$82,000$82,000$82,000$82,000
Cheryl Foss$6,670

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

1 program service account for $595K of program spending, described in the organization's own filed words · FY2023.
01

Summer camp for young people with limb loss and their families to provide therapy, education, support, and skill development.

$595Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$559K · 91%
Investment income$48K · 8%
Program service revenue$12K · 2%
Contributions & grants91%$559K
Investment income8%$48K
Program service revenue2%$12K
Total revenueLn 12$615K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.02
Program services81%$595K
Management & general17%$124K
Fundraising2%$17K
Total functional expensesLn 25$737K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$216K
Total liabilitiesLn 26$13K
Total net assetsLn 32$203K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $184K · Operating expenses/yr $737K
3.0 months
Where the money goes
Program services
Program services $595K · Total expenses $737K
81%
Management & General
Management & general $124K · Total expenses $737K
17%
Fundraising
Fundraising $17K · Total expenses $737K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $493K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $559K · Total revenue $615K
91%
Government reliance
Government grants — · Total revenue $615K
Earned-income share
Program service revenue $12K · Total revenue $615K
2%
Investment reliance
Investment income $48K · Total revenue $615K
+8%
Program self-sufficiency
Program service revenue $12K · Total expenses $737K
2%
Growth & trend
Revenue growth (YoY)
This year $615K · Prior year $591K
+4%
Net-asset trend (YoY)
End of year $203K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $615K · Expenses $737K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $216K
Net-asset ratio
Net assets $203K · Total assets $216K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $76K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $216K
35%
People & payroll
Highest Reported Total Compensation
Individual Mary Leighton · Reported title EXECUTIVE DI · Highest reported compensation $82K · Total expenses $737K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $333K · Total expenses $737K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 17%
Fundraising cost ratio 3%
Revenue growth 4%
Legal fee ratio 0.1%
Accounting fee ratio 2%

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 · FY2024
See all 4 funders →

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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
FY2024 (Latest)$921K revenue · ⤓ 990 PDF
FY2023$615K revenue · viewing · ⤓ 990 PDF
FY2022$591K revenue · ⤓ 990 PDF
FY2021$537K revenue · ⤓ 990 PDF
FY2020$309K 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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