Boundless Abilities FY2021 filing

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To provide meaningful employment opportunities to the intellectually or developmentally disabled (idd) population. In furtherance of its mission, the organization will operate a thrift resale store and will focus on finding employment opportunities for the idd community.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4935742) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ 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 2
filings with a surplus
Average surplus $98K a year · 30% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
21.3 mo
of spending, in cash
21.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$200K
-57% vs prior year
Spent
$156K
To programs
94%
Net assets
$272K
By yearFY2020–FY2024
Revenue
$200K
FY2021▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$462K
FY2021$200K
FY2022$7K
FY2023−$1K
FY2024$0
Expenses
$156K
FY2021▼ -50%
Tap a bar for its year
Expenses by fiscal year
FY2020$309K
FY2021$156K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$272K
FY2021▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$228K
FY2021$272K
FY2022$232K
FY2023$196K
FY2024$170K

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $147K Management & general 6% · $9K

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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
VP/Treasurer/Secretary
$0Pt VII · Sec A
See Boundless Abilities 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers jobs to people with intellectual or developmental disabilities through a thrift store.

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2 programs · $147K · in their own filed words · FY2021
01

Development of Supported Employment Incubator Sites

In an effort to prepare individuals for competitive integrated, employment incubator sites were created to assist in skill building and preference development. This includes, but not limited to, technology devices, job-specific trainings, and job carving tools.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4935742) · Dispute this line
$147Kprogram expense
02

Staff Training and Business Consortium Development

As boundless abilities move into the new era of "competitive integrated employment" the importance of additional training and business partnerships emerged. The organization has been able to develop a consortium of 50+ companies throughout north carolina that connect and communicate in ways that create job opportunities for individuals…

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4935742) · Dispute this line
Pt IX · Ln 25 · col B

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 · FY2020
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$179K
Other incomeLn 4–11$20K
Money outPt IX
$156K
Ln 25
Programscol B$147K
Managementcol C$9K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$277K
Total assetsLn 16$277K
LiabilitiesLn 26$5K
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$179K
Government grantsLn 1e$69K
Other incomeLn 4–11$20K
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$277K
Cash and savings togetherLn 1–2$277K
Total assetsLn 16$277K
LiabilitiesLn 26$5K
Net assetsLn 32$272K
OperationsPt I, VI
EmployeesI 5100
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$301K$277K
Total assetsLn 16$301K$277K
LiabilitiesLn 26$73K$5K
Net assetsLn 32$228K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$133K$133K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$5K$5K
Office expensesLn 13$477$477
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$496$496
Total functional expensesLn 25$156K$147K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $0$170K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 −$1K$196K 990 PDF
FY2022Filed with the IRS Oct 25, 2023 $7K$232K 990 PDF
FY2021 ViewingFiled with the IRS Sep 27, 2022 $200K$156K$44K$272K 990 PDF
FY2020Filed with the IRS Oct 27, 2021 $462K$309K$153K$228K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $199,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $435,000$179,226
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $26,874$20,476
I-12 Total revenuePrior year $461,874$199,702
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $293,557$146,786
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,430$8,869
I-18 Total expensesPrior year $308,987$155,655
I-19 Revenue less expensesPrior year $152,887$44,047
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $199,702 across 4 lines filed
Lines not itemized here account for $20,476 of total revenue; see the IRS return.
VIII-1e Government grants$69,274
VIII-1f All other contributions, gifts and grants$109,952
VIII-1h Total contributions, gifts and grants$179,226
VIII-12 Total revenueRelated to mission $20,476 · Unrelated business $0 · Excluded from tax $0$199,702
Part IX · Statement of functional expenses $155,655 across 6 lines filed
IX-7 Other salaries and wagesPrograms $132,997$132,997
IX-10 Payroll taxesPrograms $13,789$13,789
IX-11a Management feesManagement $4,600$4,600
IX-13 Office expensesManagement $477$477
IX-23 InsuranceManagement $3,296$3,296
IX-24 Other expenses (24a–d)Management $496$496
IX-25 Total functional expensesPrograms $146,786 · Management $8,869 · Fundraising $0$155,655
Part X · Balance sheet $276,598 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $300,832$276,598
X-16 Total assetsStart of year $300,832$276,598
X-17 Accounts payable and accrued expensesStart of year $3,725$4,718
X-23 Secured mortgages and notes payableStart of year $69,274$0
X-26 Total liabilitiesStart of year $72,999$4,718
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $227,833$271,880
X-32 Total net assets or fund balancesStart of year $227,833$271,880
X-33 Total liabilities and net assetsStart of year $300,832$276,598
Part XI · Reconciliation of net assets $271,880 net assets at year end
XI-1 Total revenue$199,702
XI-2 Total expenses$155,655
XI-3 Revenue less expenses$44,047
XI-4 Net assets at start of year$227,833
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$271,880

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

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