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Ineos Ican Foundation

Tax-deductible

League City, TX501(c)(3)Since 2015Human Services EIN 38-3975862Revenue $736K in FY2025

On file with the IRSicanfoundationtx.org2600 South Shore Blvd, 77573-2943 · League City, TXTax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Ican Foundation is the US charitable arm of Ineos, a large, integrated, international chemical company. Ineos believes IT has a responsibility to help develop our country's best resourse: its next generation. The Ican Foundation is a texas 501(c) (3) non-profit and volunteer organization that supports outrerach efforts focusing on child health, education, and the development of our future workforce in houston and its surrounding areas. Our efforts are directed towards making a differnce in the areas where we operate and live.

501(c)(3) charity; gifts are tax-deductible.
33¢ of each $1 spent went to programs.
Run by 60 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $58K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$736K
+34% vs prior year
Spent
$672K
To programs
33%
Net assets
$609K
By yearFY2020–FY2025
Revenue
$736K
FY2025▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$229K
FY2022$855K
FY2023$450K
FY2024$551K
FY2025$736K
Expenses
$672K
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$252K
FY2022$634K
FY2023$549K
FY2024$461K
FY2025$672K
Net assets
$609K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$350K
FY2021$328K
FY2022$552K
FY2023$454K
FY2024$544K
FY2025$609K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $220K Management & general 32% · $218K Fundraising 35% · $234K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Tim Avery
Chairman
$0Pt VII · Sec A
Sara Cassells
Executive Di
$0Pt VII · Sec A
Kathryn Shuler
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Marie Boykin
Treasurer &
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ineos Ican 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

Supports child health, education, and workforce development in Houston.

Questions for Ineos Ican Foundation

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Provided by the organization

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3 programs · $160K · in their own filed words · FY2025
01

Reel deal

$55Kprogram expense
02

Sporting clays tournament

$53Kprogram expense
03

Golf tournament

$52Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Running Alliance Sport INCFY2021$9K
Total grants receivedfrom 1 funder$9K
Grants paid · 20 grants · $156K · 2020–2023
Deer Park Educational FoundationTX · FY2023$5,700
Texas City Independent School District Foundation for the FutureTX · FY2023$5,400
Pearland IsdFY2023$5,400
Houston IsdFY2023$5,300
Brazosport IsdFY2023$5,100
Houston Marathon Foundation INCTX · FY2022$10,000
Brazosport IsdFY2022$7,100
Dickinson Isd Education Foundation INCTX · FY2022$6,800
Alvin I S D Education Foundation INCTX · FY2022$6,600
Danbury Isd Education FoundationTX · FY2022$6,000
Dickinson Isd Education Foundation INCTX · FY2021$14,100
Alvin I S D Education Foundation INCTX · FY2021$14,000
Danbury Isd Education FoundationTX · FY2021$9,700
Deer Park Educational FoundationTX · FY2021$6,900
Laporte IsdTX · FY2021$5,900
Texas City Independent School District Foundation for the FutureTX · FY2021$5,800
Santa Fe Texas Education Foundation INCTX · FY2021$5,500
Friendswood Isd Education Foundation INCTX · FY2021$5,350
See all 20 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$736K
Ln 12
Fees for servicesLn 2g$423K
Gifts and grantsLn 1h$309K
Investment incomeLn 3$5K
Money outPt IX
$672K
Ln 25
Programscol B$220K
Managementcol C$218K
Fundraisingcol D$234K
Owns and owesPt X
$609K
net assets · Ln 32
Cash and savingsLn 1–2$566K
Total assetsLn 16$609K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$309K
Noncash giftsLn 1g$96K
Fees for servicesLn 2g$423K
Investment incomeLn 3$5K
Total revenueLn 12$736K
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$305K
Cash and savings togetherLn 1–2$566K
Total assetsLn 16$609K
LiabilitiesLn 26$0
Net assetsLn 32$609K
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
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 FY25End FY25
Cash and savingsLn 1–2$480K$566K
Total assetsLn 16$544K$609K
LiabilitiesLn 26$0$0
Net assetsLn 32$544K$609K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$207$207
Information technologyLn 14$3K$3K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$86K$86K
Other expenses (24a–d)Ln 24$384K$113K$198K$73K
All other expensesLn 24e$175K$13K$162K
Total functional expensesLn 25$672K$220K$218K$234K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $736K$672K$64K$609K 990 PDF
FY2024 $551K$461K$90K$544K 990 PDF
FY2023 $450K$549K−$98K$454K 990 PDF
FY2022 $855K$634K$220K$552K 990 PDF
FY2021 $229K$252K−$23K$328K 990 PDF
FY2020 $289K$191K$97K$350K 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 M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $736,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,153$308,792
I-9 Program service revenue$423,026
I-10 Investment income$4,567
I-11 Other revenue$0
I-12 Total revenuePrior year $551,153$736,385
I-13 Grants and similar amounts paidPrior year $10,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $450,941$672,393
I-18 Total expensesPrior year $460,941$672,393
I-19 Revenue less expensesPrior year $90,212$63,992
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $736,385 across 6 lines filed
VIII-1f All other contributions, gifts and grants$308,792
VIII-1g Noncash contributions (included above)$96,228
VIII-1h Total contributions, gifts and grants$308,792
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $423,026$423,026
VIII-3 Investment incomeRelated to mission $4,567$4,567
VIII-12 Total revenueRelated to mission $427,593$736,385
Part IX · Statement of functional expenses $672,393 across 8 lines filed
IX-11c Accounting feesManagement $2,668$2,668
IX-12 Advertising and promotionPrograms $21,000$21,000
IX-13 Office expensesManagement $207$207
IX-14 Information technologyManagement $2,940$2,940
IX-17 TravelManagement $1,147$1,147
IX-19 Conferences, conventions and meetingsPrograms $85,725$85,725
IX-24 Other expenses (24a–d)Programs $113,395 · Management $197,836 · Fundraising $72,576$383,807
IX-24e All other expensesManagement $13,296 · Fundraising $161,603$174,899
IX-25 Total functional expensesPrograms $220,120 · Management $218,094 · Fundraising $234,179$672,393
Part X · Balance sheet $608,655 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $479,652$261,344
X-2 Savings and temporary cash investments$304,555
X-3 Pledges and grants receivableStart of year $45,300$20,500
X-4 Accounts receivableStart of year $19,469$22,256
X-16 Total assetsStart of year $544,421$608,655
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $544,421$608,655
X-32 Total net assets or fund balancesStart of year $544,421$608,655
X-33 Total liabilities and net assetsStart of year $544,421$608,655
Part XI · Reconciliation of net assets $608,655 net assets at year end
XI-1 Total revenue$736,385
XI-2 Total expenses$672,393
XI-3 Revenue less expenses$63,992
XI-4 Net assets at start of year$544,421
XI-8 Prior period adjustments$242
XI-10 Net assets at end of year$608,655

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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