Exercisabilities INC FY2022 filing

Tax-deductible

Rochester, MN501(c)(3)Health CareEIN 45-5214117

Making happy, healthy, and independent possible for all.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$114K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $628K a year · 23% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$114K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $118K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$192K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
+159% vs prior year
Spent
$2.3M
To programs
80%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$5.4M
FY2022▲ +159%
Revenue by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$5.4M
FY2023$2.2M
FY2024$2.1M
Expenses
$2.3M
FY2022▲ +20%
Expenses by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$2.3M
FY2023$2.6M
FY2024$2.3M
Net assets
$3.9M
FY2022▲ +503%
Net assets by fiscal year
FY2020$436K
FY2021$653K
FY2022$3.9M
FY2023$3.6M
FY2024$3.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Sep 2015.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.8M Management & general 16% · $368K Fundraising 4% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $114K paid to officers and key staff.

Part VII, Section A · reportable compensation
$114,088Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Melanie Brennan’s $123K as CEO is at the 37th percentile of top reported officer pay among 3128 $1–10M 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
Melanie Brennan$122,694$125,760$114,088——
Melanie Brennen———$108,083$91,799

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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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 15aYes

Programs and updates

Empowering individuals to live happy, healthy, and independent lives.

Provided by the organization

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2022.
01

Exercisabilites, inc programs and services empower people living with physical disabilities and chronic health conditions to live healthy, happy, and independent lives without limits. We provide equitable, lifelong access to safe and effective physical health improvement solutions designed to make opmal achievement of health and…

$1.8Mprogram expense

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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 · FY2024
Mayo ClinicFY2024$50K
Total grants receivedfrom 3 funders$118K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$19K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.8M
Managementcol C$368K
Fundraisingcol D$83K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$4.1M
LiabilitiesLn 26$192K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$167K
Noncash giftsLn 1g$29K
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$19K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
InvestmentsLn 11–13$950K
Land, buildings, equipmentLn 10c$557K
Other assetsLn 15$45K
Total assetsLn 16$4.1M
LiabilitiesLn 26$192K
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 541
VolunteersI 690
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$372K$179K
InvestmentsLn 11–13$950K
Land, buildings, equipmentLn 10c$1.2M$557K
Total assetsLn 16$1.8M$4.1M
LiabilitiesLn 26$1.2M$192K
Net assetsLn 32$653K$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$118K$80K$26K$11K
Other salaries and wagesLn 7$1.3M$1.1M$136K$46K
Other employee benefitsLn 9$21K$15K$7K
Payroll taxesLn 10$113K$94K$13K$6K
Accounting feesLn 11c$20K$2K$18K
Advertising and promotionLn 12$73K$13K$58K$2K
Office expensesLn 13$13K$8K$5K$12
OccupancyLn 16$222K$208K$14K
InterestLn 20$17K$12K$4K
Depreciation, depletion and amortizationLn 22$62K$46K$16K
InsuranceLn 23$22K$17K$6K$224
Other expenses (24a–d)Ln 24$204K$164K$27K$13K
All other expensesLn 24e$109K$67K$37K$5K
Total functional expensesLn 25$2.3M$1.8M$368K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.1M$2.3M−$192K$3.5M 990 PDF
FY2023 $2.2M$2.6M−$384K$3.6M 990 PDF
FY2022 Viewing $5.4M$2.3M$3.2M$3.9M 990 PDF
FY2021 $2.1M$1.9M$217K$653K 990 PDF
FY2020 $1.9M$1.6M$313K$436K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $5,447,327 across 7 lines filed
VIII-1e Government grants$167,341
VIII-1f All other contributions, gifts and grants$3,309,400
VIII-1g Noncash contributions (included above)$29,207
VIII-1h Total contributions, gifts and grants$3,476,741
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $1,951,301$1,951,301
VIII-8 Net income from fundraising eventsExcluded from tax $19,285$19,285
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,951,301 · Excluded from tax $19,285$5,447,327
Part IX · Statement of functional expenses $2,263,411 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $79,864 · Management $26,240 · Fundraising $11,408$117,512
IX-7 Other salaries and wagesPrograms $1,087,742 · Management $136,046 · Fundraising $45,797$1,269,585
IX-9 Other employee benefitsPrograms $14,504 · Management $6,862$21,366
IX-10 Payroll taxesPrograms $93,864 · Management $12,640 · Fundraising $6,033$112,537
IX-11c Accounting feesPrograms $1,639 · Management $18,340$19,979
IX-12 Advertising and promotionPrograms $13,055 · Management $57,883 · Fundraising $1,563$72,501
IX-13 Office expensesPrograms $7,783 · Management $4,971 · Fundraising $12$12,766
IX-16 OccupancyPrograms $207,955 · Management $14,483$222,438
IX-20 InterestPrograms $12,370 · Management $4,388$16,758
IX-22 Depreciation, depletion and amortizationPrograms $46,326 · Management $15,936$62,262
IX-23 InsurancePrograms $16,536 · Management $5,732 · Fundraising $224$22,492
IX-24 Other expenses (24a–d)Programs $163,758 · Management $27,199 · Fundraising $13,215$204,172
IX-24e All other expensesPrograms $67,129 · Management $36,940 · Fundraising $4,974$109,043
IX-25 Total functional expensesPrograms $1,812,525 · Management $367,660 · Fundraising $83,226$2,263,411
Part X · Balance sheet $4,125,596 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $371,821$178,951
X-3 Pledges and grants receivable$2,003,428
X-4 Accounts receivableStart of year $175,028$373,559
X-9 Prepaid expenses and deferred chargesStart of year $21,248$17,824
X-10c Land, buildings and equipment, netStart of year $1,190,390$557,256
X-12 Other securities$950,000
X-15 Other assetsStart of year $90,265$44,578
X-16 Total assetsStart of year $1,848,752$4,125,596
X-17 Accounts payable and accrued expensesStart of year $107,877$125,947
X-19 Deferred revenueStart of year $4,760$21,262
X-25 Other liabilitiesStart of year −$11,483$44,578
X-26 Total liabilitiesStart of year $1,196,154$191,787
X-27 Net assets without donor restrictionsStart of year $637,035$1,853,279
X-28 Net assets with donor restrictionsStart of year $15,563$2,080,530
X-32 Total net assets or fund balancesStart of year $652,598$3,933,809
X-33 Total liabilities and net assetsStart of year $1,848,752$4,125,596
Part XI · Reconciliation of net assets $3,933,809 net assets at year end
XI-1 Total revenue$5,447,327
XI-2 Total expenses$2,263,411
XI-3 Revenue less expenses$3,183,916
XI-4 Net assets at start of year$652,598
XI-9 Other changes in net assets$97,295
XI-10 Net assets at end of year$3,933,809

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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