Ability Experience EIN 58-1588777

Ability Experience

EIN  58-1588777 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/30/26 · see original filing: IRS
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Size
$1–10M
What they do
Supports people with disabilities.
Leadership
Jake Henderson · CEO · $329K
Money in and out
$2.9M revenue, $2.8M expenses
Bottom line
87% program efficiency

Supports people with disabilities. For fiscal year 2024 it reported $2.9M in revenue, $2.8M in expenses, and $4.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $154K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.07 Fundraising $0.07
Program efficiency
87%
of spending reaches programs▲ +44% vs prior filing year
Operating runway
22.1mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.9M
FY2024▲ +25%
Expenses
$2.8M
FY2024▲ +27%
Total assets
$4.7M
FY2024▲ +27%
Total liabilities
$365K
FY2024▲ +81%
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$154K
Total assetsPt X · Ln 16$4.7M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2023.
01

The ability experience is a 501(c)(3) nonprofit organization that works to create a community, one relationship at a time, where the abilities of all people are recognized and valued. The ability experience was founded in 1977 as the national philanthropy of pi kappa phi.

$2.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbility Experience
EINHdr · item D58-1588777
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jtheabilityexperience.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$329,167Pt VII · Sec A
President & Executive Dire
$140,790Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jake Henderson$329,167$168,029$111,779
Basil Lyberg$140,790$136,008$151,444$127,932$138,963

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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Statement of Revenue

Part VIII
Contributions & grants$2.8M · 96%
Investment income$103K · 4%
Other revenue$23K · 1%
Contributions & grants96%$2.8M
Investment income4%$103K
Other revenue1%$23K
Total revenueLn 12$2.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.07 Fundraising $0.07
Program services87%$2.4M
Management & general7%$182K
Fundraising7%$183K
Total functional expensesLn 25$2.8M

Balance Sheet

Part X · end of year
CashLn 1$493K
Total assetsLn 16$4.7M
Total liabilitiesLn 26$365K
Total net assetsLn 32$4.4M
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.6M · Operating expenses (Pt IX) $2.8M · Less non-cash grants $265K · Cash operating expenses/yr $2.5M
22.1 months
Where the money goes
Program services
Program services $2.4M · Total expenses $2.8M
87%
Management & General
Management & general $182K · Total expenses $2.8M
7%
Fundraising
Fundraising $183K · Total expenses $2.8M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $303K · Solicited contributions (3-yr avg) $2.4M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $2.9M
96%
Government reliance
Government grants — · Total revenue $2.9M
Earned-income share
Program service revenue $0 · Total revenue $2.9M
0%
Investment reliance
Investment income $103K · Total revenue $2.9M
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.8M
0%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year $2.4M
+25%
Revenue CAGR
FY2019 $1.5M · FY2023 $2.9M
+18%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.8M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $4.7M
Net-asset ratio
Net assets $4.4M · Total assets $4.7M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $4.2M · Total assets (Pt X, ln 16) $4.7M
88%
People & payroll
Highest Reported Total Compensation
Individual Jake Henderson · Reported title CEO · Highest reported compensation $329K · Total expenses $2.8M
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $914K · Total expenses $2.8M
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 7%
Fundraising cost ratio 6%
Revenue growth 25%
Accounting fee ratio 4%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 28 funders →
Grants paid · 40 grants · $346K · 2019–2023
Kinder FrogsTX · FY2023$50,000
Easter Seals WashingtonWA · FY2023$10,000
Clemson University Outdoor LabFY2023$7,500
Camp Twin Lakes INCGA · FY2023$7,500
Best Buddies INCPA · FY2023$6,500
Down Home Ranch INCTX · FY2023$6,500
Quiet Waters Ministries INCMS · FY2023$6,000
Camp Stand by MeWA · FY2023$5,500
Camp CampTX · FY2022$15,000
Easter Seals Connecticut INCCT · FY2022$10,000
Camp CampTX · FY2022$10,000
Civitan Foudation INCAZ · FY2022$10,000
Life Has No Boundaries CoIN · FY2022$7,500
See all 40 grants →

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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)$2.9M revenue · viewing · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$2.7M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF
FY2020$1.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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