The Ability Experience FY2022 filing

Charlotte, NC · Public charity (501(c)(3)) · Since 1984

✓ Tax-deductible
Revenue
$2.7M
+26% vs prior year
Spent
$1.7M
To programs
70%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$2.7M
FY2022▲ +26%
Revenue by fiscal year
FY2020$1.5M
FY2021$2.1M
FY2022$2.7M
FY2023$2.4M
FY2024$2.9M
FY2024$3.7M
Expenses
$1.7M
FY2022▲ +18%
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.7M
FY2023$2.2M
FY2024$2.8M
FY2024$3.2M
Net assets
$3.3M
FY2022▲ +13%
Net assets by fiscal year
FY2020$2.2M
FY2021$3.0M
FY2022$3.3M
FY2023$3.5M
FY2024$4.4M
FY2024$4.7M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Ability Experience
EINHdr · item D58-1588777
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1985
Year of formationHdr · item L1984
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCharlotte, NC
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jabilityexperience.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.17 Fundraising $0.14
Program services70%$1.2M
Management & general17%$293K
Fundraising14%$239K
Total functional expensesLn 25$1.7M

Financial health

Is it on solid ground?

Program efficiency
70%
of spending reaches programs
Operating runway
25.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$3.5M
FY2022▲ +7%
Total assets by fiscal year
FY2020$2.5M
FY2021$3.2M
FY2022$3.5M
FY2023$3.7M
FY2024$4.7M
FY2024$4.9M
Total liabilities
$127K
FY2022▼ -52%
Total liabilities by fiscal year
FY2020$305K
FY2021$264K
FY2022$127K
FY2023$202K
FY2024$365K
FY2024$187K
Revenue less expensesPt I · Ln 19$948K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$428K
Total assetsLn 16$3.5M
Total liabilitiesLn 26$127K
Total net assetsLn 32$3.3M
Months of cash on handcomputed2.9

Statement of Revenue

Part VIII
Contributions & grants$2.4M · 88%
Other revenue$178K · 7%
Investment income$137K · 5%
Contributions & grants88%$2.4M
Other revenue7%$178K
Investment income5%$137K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses (Pt IX) $1.7M · Less non-cash grants $151K · Cash operating expenses/yr $1.6M
25.4 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.7M
70%
Management & General
Management & general $293K · Total expenses $1.7M
17%
Fundraising
Fundraising $239K · Total expenses $1.7M
14%
Cost to raise $1
Fundraising expense (3-yr avg) $245K · Solicited contributions (3-yr avg) $1.9M
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.4M · Total revenue $2.7M
88%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $0 · Total revenue $2.7M
0%
Investment reliance
Investment income $137K · Total revenue $2.7M
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.7M
0%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $2.1M
+26%
Net-asset trend (YoY)
End of year $3.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $1.7M
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
—
Net-asset ratio
Net assets $3.3M · Total assets $3.5M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $3.0M · Total assets (Pt X, ln 16) $3.5M
86%
People & payroll
Highest Reported Total Compensation
Individual Basil Lyberg · Reported title PRESIDENT & EXEC · Highest reported compensation $151K · Total expenses $1.7M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $754K · Total expenses $1.7M
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 17%——
Fundraising cost ratio 10%——
Revenue growth 26%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & Exec
$151,444Pt VII · Sec A
$111,779Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jake Henderson$286,667$329,167$168,029$111,779——
Basil Lyberg$147,171$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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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports people with disabilities.

Provided by the organization

This section is blank until The Ability Experience claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $1.2M of program spending, described in the organization's own filed words · FY2021.
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.

$1.2Mprogram expense
02

Placement, design, and construction and installation of specialized facilities for people with disabilities such as ramps and playground equipment.

Pt IX · col B

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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 · received and paid
Grants received · FY2024
See all 28 funders →
Grants paid · 72 grants · $623K · 2019–2024
Camp AsccaAL · FY2024$15,000
Rocky Mountain Village CampCO · FY2024$14,500
Life Has No Boundaries CoIN · FY2024$14,000
The Baddour Center INCMS · FY2024$9,000
Camp for All FoundationTX · FY2024$8,000
Stepping Stones INCOH · FY2024$7,500
Golden Heart RanchCA · FY2024$7,500
Clemson Outdoor LabsFY2024$7,500
Camp Stand by MeWA · FY2024$7,500
Civitan Foundation INCAZ · FY2024$7,500
Woodlands Foundation INCPA · FY2024$7,000
Quiet Waters Ministries INCMS · FY2024$7,000
Quest's Camp ThunderbirdFL · FY2024$7,000
Down Home Ranch INCTX · FY2024$7,000
See all 72 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $2.9M$2.8M+25% 990 PDF
FY2023 $2.4M$2.2M-12% 990 PDF
FY2022 Viewing $2.7M$1.7M+26% 990 PDF
FY2021 $2.1M$1.5M+41% 990 PDF
FY2020 $1.5M$1.6M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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