Believe IT Foundation EIN 30-0512535 Form 990 (PDF) Claim this org

Believe IT Foundation

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Connects children with physical challenges to experiences with peers without limitations. For fiscal year 2025 it reported $595K in revenue, $505K in expenses, and $822K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
San Antonio, TX
Website
believeitfoundation.org
Filings
6 on file (2020–2025)
Revenue
$595KFY2025
Expenses
$505K
Net assets
$822K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  30-0512535 Public charity (501(c)(3)) San Antonio, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects children with physical challenges to experiences with peers without limitations.
Leadership
William K McGinnis · Program Director · $72K
Money in and out
$595K revenue, $505K expenses
Bottom line
84% program efficiency
Where the money goes · FY2025
Total revenue
$595K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$822K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.09 Fundraising $0.07
Program efficiency
84%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
19.5mo
months of highly liquid reserves at operating expense rate▲ +17% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▼ -44% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$595K
FY2025▼ -11%
Expenses
$505K
FY2025▲ +4%
Total assets
$825K
FY2025▲ +22%
Total liabilities
$3K
FY2025▲ +9%
Total revenue
$595K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$822K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$825K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $424K of program spending, described in the organization's own filed words · FY2025.
01

Providing opportunities for the inclusion of physically challenged children in activities with children who do not face the same limitations through camp and social activities

$424Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBelieve IT Foundation
EINHdr · item D30-0512535
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jbelieveitfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFJul 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b8
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
Program Director
$72,000Pt VII · Sec A
$48,000Pt VII · Sec A
$36,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

William K McGinnis’s $72K as Program Director is at the 57th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
William K McGinnis$72,000$72,000$72,000$66,000$66,000$28,044
Andrew McAllister$48,000$32,000
Cecile McAllister$36,000$36,000$34,000$26,380$24,000$24,000

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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Statement of Revenue

Part VIII
Contributions & grants$653K · 110%
Investment income$22K · 4%
Contributions & grants110%$653K
Investment income4%$22K
Total revenueLn 12$595K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.09 Fundraising $0.07
Program services84%$424K
Management & general9%$44K
Fundraising7%$37K
Total functional expensesLn 25$505K

Balance Sheet

Part X · end of year
CashLn 1$411K
Total assetsLn 16$825K
Total liabilitiesLn 26$3K
Total net assetsLn 32$822K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $822K · Operating expenses/yr $505K
19.5 months
Where the money goes
Program services
Program services $424K · Total expenses $505K
84%
Management & General
Management & general $44K · Total expenses $505K
9%
Fundraising
Fundraising $37K · Total expenses $505K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $602K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $653K · Total revenue $595K
110%
Government reliance
Government grants — · Total revenue $595K
Earned-income share
Program service revenue $0 · Total revenue $595K
0%
Investment reliance
Investment income $22K · Total revenue $595K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $505K
0%
Growth & trend
Revenue growth (YoY)
This year $595K · Prior year $664K
-11%
Revenue CAGR
FY2020 $280K · FY2025 $595K
+16%
Net-asset trend (YoY)
End of year $822K · Beginning of year $671K
+22%
Balance sheet
Surplus Margin
Revenue $595K · Expenses $505K
+15%
Liabilities-to-Assets
Total liabilities $3K · Total assets $825K
0.4%
Net-asset ratio
Net assets $822K · Total assets $825K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $410K · Total assets (Pt X, ln 16) $825K
50%
People & payroll
Highest Reported Total Compensation
Individual William K McGinnis · Reported title PROGRAM DIRECTOR · Highest reported compensation $72K · Total expenses $505K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $505K
31%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $29K · Gross raised $258K
11%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 9%
Fundraising cost ratio 6%
Revenue growth -11%
Investment management fee ratio 0.3%
Accounting fee ratio 1%
Fundraising fee ratio 6%

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 15 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
FY2025 (Latest)$595K revenue · viewing · ⤓ 990 PDF
FY2024$664K revenue · ⤓ 990 PDF
FY2023$528K revenue · ⤓ 990 PDF
FY2022$362K revenue · ⤓ 990 PDF
FY2021$577K revenue · ⤓ 990 PDF
FY2020$280K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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