Ability2work EIN 46-3638048

Ability2work FY2021 filing

EIN  46-3638048 Public charity (501(c)(3)) Flemington, NJ
Form 990 (PDF)
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Size
<$100K
What they do
Empowering individuals with disabilities by focusing on their strengths and abilities.
Leadership
Karen Monroy PhD · CEO/Director
Money in and out
$81K revenue, $81K expenses
Bottom line
93% program efficiency

Empowering individuals with disabilities by focusing on their strengths and abilities. For fiscal year 2021 it reported $81K in revenue, $81K in expenses, and $1.8M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$81K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $522
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$81K
FY2021▼ -10%
Expenses
$81K
FY2021▼ -12%
Total assets
$2.0M
FY20210%
Total liabilities
$206K
FY20210%
Total revenue
$81K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$522
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $75K of program spending, described in the organization's own filed words · FY2021.
01

We provide job education and training, advocacy, therapeutic care and other services to support differently-abled people and helping them participate fully in the world as contributing citizens.

$75Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbility2work
EINHdr · item D46-3638048
Principal addressHdr · item CFlemington, NJ
WebsiteHdr · item Jability2work.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R23)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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
CEO/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
President/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$81K
Total revenueLn 12$81K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$75K
Management & general7%$6K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$206K
Total net assetsLn 32$1.8M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $81K
0.5 months
Where the money goes
Program services
Program services $75K · Total expenses $81K
93%
Management & General
Management & general $6K · Total expenses $81K
7%
Fundraising
Fundraising $0 · Total expenses $81K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $86K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $81K
100%
Government reliance
Government grants — · Total revenue $81K
Earned-income share
Program service revenue $0 · Total revenue $81K
0%
Investment reliance
Investment income $0 · Total revenue $81K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $81K
0%
Growth & trend
Revenue growth (YoY)
This year $81K · Prior year $90K
-10%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $81K · Expenses $81K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.8M · Total assets $2.0M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Karen Monroy PHD · Reported title CEO/DIRECTOR · Highest reported compensation $0 · Total expenses $81K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $81K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -10%
Investment management fee ratio 0%
Legal fee ratio 5%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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.

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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
FY2024 (Latest)$57K revenue · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$61K revenue · ⤓ 990 PDF
FY2021$81K revenue · viewing · ⤓ 990 PDF
FY2020$90K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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