Firstability INC FY2021 filing

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To assist the undeserved

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5719410) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $478K a year · 77% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$190K
55% of total assets
Liabilities are 55% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$909K
+149% vs prior year
Spent
$822K
To programs
91%
Net assets
$153K
By yearFY2020–FY2024
Revenue
$909K
FY2021▲ +149%
Tap a bar for its year
Revenue by fiscal year
FY2020$365K
FY2021$909K
FY2022$1.1M
FY2024$100K
Expenses
$822K
FY2021▲ +114%
Tap a bar for its year
Expenses by fiscal year
FY2020$384K
FY2021$822K
FY2022$3.1M
FY2024$99K
Net assets
$153K
FY2021▲ +231%
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$153K
FY2022−$1.4M
FY2024$2K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Sep 2013, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Sep 2013.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $747K Management & general 9% · $75K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Firstability INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Firstability INC is a public foundation based in Pompano Beach, FL.

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1 program · $747K · in their own filed words · FY2021
01

The foundation provded educational and training services to 100 plus students. The foundation has impacted the participants through athletics, tutoring, mentoring and health education

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5719410) · Dispute this line
$747Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$909K
Ln 12
Fees for servicesLn 2g$786K
Gifts and grantsLn 1h$124K
Money outPt IX
$822K
Ln 25
Programscol B$747K
Managementcol C$75K
Owns and owesPt X
$153K
net assets · Ln 32
Cash and savingsLn 1–2$276
Total assetsLn 16$343K
LiabilitiesLn 26$190K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Government grantsLn 1e$62K
Fees for servicesLn 2g$786K
Total revenueLn 12$909K
Assets in detailPt X, end of year
CashLn 1$276
Cash and savings togetherLn 1–2$276
Accounts receivableLn 4$20K
Prepaid expenses and deferred chargesLn 9$24K
Land, buildings, equipmentLn 10c$299K
Total assetsLn 16$343K
LiabilitiesLn 26$190K
Net assetsLn 32$153K
OperationsPt I, VI
EmployeesI 50
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
LineStart FY21End FY21
Cash and savingsLn 1–2$514$276
Land, buildings, equipmentLn 10c$300K$299K
Total assetsLn 16$325K$343K
LiabilitiesLn 26$279K$190K
Net assetsLn 32$46K$153K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$287K$231K$56K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$851$750$101
Office expensesLn 13$6K$5K$636
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$109K$103K$6K
TravelLn 17$12K$11K$585
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$17K$16K$850
Other expenses (24a–d)Ln 24$364K$355K$10K
All other expensesLn 24e$0
Total functional expensesLn 25$822K$747K$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 18, 2025 $100K$99K$1K$2K 990 PDF
FY2023 Not on file
FY2022Filed with the IRS May 12, 2025 $1.1M$3.1M−$2.0M−$1.4M 990 PDF
FY2021 ViewingFiled with the IRS Sep 12, 2022 $909K$822K$87K$153K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $365K$384K−$18K$46K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $909,266 revenue, 12 lines filed
I-8 Contributions and grants$123,664
I-9 Program service revenuePrior year $365,363$785,602
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $365,363$909,266
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,395$287,272
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $237,126$534,645
I-18 Total expensesPrior year $383,521$821,917
I-19 Revenue less expensesPrior year −$18,158$87,349
Part VI · Governance 0 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $909,266 across 5 lines filed
VIII-1e Government grants$61,807
VIII-1f All other contributions, gifts and grants$61,857
VIII-1h Total contributions, gifts and grants$123,664
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $785,602$785,602
VIII-12 Total revenueRelated to mission $785,602$909,266
Part IX · Statement of functional expenses $821,917 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $231,000 · Management $56,272$287,272
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $750 · Management $101$851
IX-13 Office expensesPrograms $5,000 · Management $636$5,636
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $102,850 · Management $6,476$109,326
IX-17 TravelPrograms $10,955 · Management $585$11,540
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $26,014$26,014
IX-23 InsurancePrograms $16,224 · Management $850$17,074
IX-24 Other expenses (24a–d)Programs $354,533 · Management $9,671$364,204
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $747,326 · Management $74,591 · Fundraising $0$821,917
Part X · Balance sheet $343,406 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $514$276
X-4 Accounts receivable$19,720
X-9 Prepaid expenses and deferred chargesStart of year $24,103$24,103
X-10c Land, buildings and equipment, netStart of year $300,321$299,307
X-16 Total assetsStart of year $324,938$343,406
X-17 Accounts payable and accrued expensesStart of year $23,072$27,002
X-22 Loans from officers and insidersStart of year $52,250$730
X-23 Secured mortgages and notes payableStart of year $203,358$162,347
X-26 Total liabilitiesStart of year $278,680$190,079
X-27 Net assets without donor restrictionsStart of year $46,258$153,327
X-32 Total net assets or fund balancesStart of year $46,258$153,327
X-33 Total liabilities and net assetsStart of year $324,938$343,406
Part XI · Reconciliation of net assets $153,327 net assets at year end
XI-1 Total revenue$909,266
XI-2 Total expenses$821,917
XI-3 Revenue less expenses$87,349
XI-4 Net assets at start of year$46,258
XI-8 Prior period adjustments$19,720
XI-10 Net assets at end of year$153,327

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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