Limbitless Solutions INC: FY2021 Nonprofit Profile & Form 990 (EIN 47-1944657)

Limbitless Solutions was established as a direct support organization of the University of Central Florida to research, design, create, and deliver mechanical and electronic advancements in disability technology, infusing engineering with artistic design.

$129Kprogram expense

02

DEVELOP AND IMPROVE TECHNOLOGY AND DESIGN OF BIONIC ARMS: Implement an interchangeable sleeve design that allows the user to fully customize their bionic device. These artistic sleeves are selected and modified by the user to create a unique, personalized design.

$47Kprogram expense

03

Promote Steam/Stem and Host Educational Events

Host students for a day-long immersive STEAM experience. Students learn about combining science, technology, engineering, art, and math to create meaningful and artistic designs. Our team also travels across the country talking about 3D Hope and the power of young people getting involved in STEAM at an early age.

$30Kprogram 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 · FY2024

James D Scheinfeld Family FoundationFY2024$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 4 grants · $273K · 2019–2022

University of Central Florida Foundation INCFL · FY2022$68,502

University of Central FloridaFY2021$115,958

University of Central FloridaFY2020$30,000

University of Central FloridaFY2019$58,200

By the numbers

The FY2021 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$766K

Ln 12

Gifts and grantsLn 1h$772K

Investment incomeLn 3$4K

Fees for servicesLn 2g$2K

Money outPt IX

$315K

Ln 25

Programscol B$212K

Managementcol C$101K

Fundraisingcol D$2K

Owns and owesPt X

$794K

net assets · Ln 32

Cash and savingsLn 1–2$65K

Total assetsLn 16$1.0M

LiabilitiesLn 26$211K

PeoplePt VI, VII

17

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$772K

Noncash giftsLn 1g$44K

Fees for servicesLn 2g$2K

Investment incomeLn 3$4K

Gains on assetsLn 7−$13K

Total revenueLn 12$766K

Assets in detailPt X, end of year

CashLn 1$65K

Cash and savings togetherLn 1–2$65K

Land, buildings, equipmentLn 10c$548K

Other assetsLn 15$377K

Total assetsLn 16$1.0M

LiabilitiesLn 26$211K

Net assetsLn 32$794K

OperationsPt I, VI

EmployeesI 50

VolunteersI 630

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$55K	$65K
Land, buildings, equipmentLn 10c	$244K	$548K
Total assetsLn 16	$471K	$1.0M
LiabilitiesLn 26	$127K	$211K
Net assetsLn 32	$344K	$794K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K	$30K
Accounting feesLn 11c	$14K		$14K
Other fees for servicesLn 11g	$1K	$317	$978	$0
Advertising and promotionLn 12	$895			$895
Office expensesLn 13	$34K	$24K	$9K	$926
OccupancyLn 16	$75K		$75K
InterestLn 20	$75		$75
Depreciation, depletion and amortizationLn 22	$98K	$98K
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$60K	$60K
All other expensesLn 24e	$0	$0	$0	$0
Total functional expensesLn 25	$315K	$212K	$101K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest	$953K	$1.4M	−$484K	$0	990 PDF
FY2022	$355K	$433K	−$78K	$716K	990 PDF
FY2021 Viewing	$766K	$315K	$451K	$794K	990 PDF
FY2020	$340K	$379K	−$39K	$344K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $765,711 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $321,639$771,527

I-9 Program service revenuePrior year $4,649$2,174

I-10 Investment incomePrior year $13,173−$8,671

I-11 Other revenuePrior year $525$681

I-12 Total revenuePrior year $339,986$765,711

I-13 Grants and similar amounts paidPrior year $58,200$30,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $320,621$285,119

I-18 Total expensesPrior year $378,821$315,119

I-19 Revenue less expensesPrior year −$38,835$450,592

Part VI · Governance 3 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members3

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $765,711 across 8 lines filed

Lines not itemized here account for $681 of total revenue; see the IRS return.

VIII-1d Related organizations$499,784

VIII-1f All other contributions, gifts and grants$271,743

VIII-1g Noncash contributions (included above)$43,608

VIII-1h Total contributions, gifts and grants$771,527

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,174$2,174

VIII-3 Investment incomeExcluded from tax $4,500$4,500

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,171−$13,171

VIII-12 Total revenueRelated to mission $2,174 · Unrelated business $0 · Excluded from tax −$7,990$765,711

Part IX · Statement of functional expenses $315,119 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $30,000$30,000

IX-11c Accounting feesManagement $13,650$13,650

IX-11g Other fees for servicesPrograms $317 · Management $978 · Fundraising $0$1,295

IX-12 Advertising and promotionFundraising $895$895

IX-13 Office expensesPrograms $23,868 · Management $9,091 · Fundraising $926$33,885

IX-16 OccupancyManagement $75,225$75,225

IX-20 InterestManagement $75$75

IX-22 Depreciation, depletion and amortizationPrograms $98,345$98,345

IX-23 InsuranceManagement $1,900$1,900

IX-24 Other expenses (24a–d)Programs $59,849$59,849

IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0

IX-25 Total functional expensesPrograms $212,379 · Management $100,919 · Fundraising $1,821$315,119

Part X · Balance sheet $1,004,854 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $54,972$64,948

X-4 Accounts receivable$5,000

X-8 Inventories for sale or useStart of year $17,404$10,543

X-10c Land, buildings and equipment, netStart of year $243,694$547,565

X-15 Other assetsStart of year $154,595$376,798

X-16 Total assetsStart of year $470,665$1,004,854

X-17 Accounts payable and accrued expensesStart of year $3,112$91,480

X-19 Deferred revenueStart of year $112,655$69,046

X-25 Other liabilitiesStart of year $11,155$49,993

X-26 Total liabilitiesStart of year $126,922$210,519

X-27 Net assets without donor restrictionsStart of year $343,743$794,335

X-32 Total net assets or fund balancesStart of year $343,743$794,335

X-33 Total liabilities and net assetsStart of year $470,665$1,004,854

Part XI · Reconciliation of net assets $794,335 net assets at year end

XI-1 Total revenue$765,711

XI-2 Total expenses$315,119

XI-3 Revenue less expenses$450,592

XI-4 Net assets at start of year$343,743

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$794,335

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

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Limbitless Solutions INC FY2021 filing

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Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Limbitless Solutions INC

Design of Bionic Arms for Children